Australian Unity Low Rate Visa Credit Card

Get a low, ongoing interest rate on purchases and a competitive annual fee of $59.

The Australian Unity Low Rate Visa Credit Card has a competitive purchase rate of 9.9% p.a. and offers up to 45 interest-free days on purchases. It also gives you a way to make payments from your mobile device, thanks to Apple Pay, Google Pay and Samsung Pay functionality.

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Amy Bradney-George

Last Updated Jul 1, 2020

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Details

Product Name	Australian Unity Low Rate Visa Credit Card
Purchase rate	9.9% p.a.
Annual fee	$59
Interest-free period	Up to 45 days on purchases
Cash advance rate	18.99% p.a.
Min credit limit	$500
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	No

Pros

Low interest rate of 9.9% p.a. on purchases
4 additional cardholders at no extra cost

Cons

Only offers up to 45 days interest-free, compared to other cards that offer up to 55 days

Bonus points	N/A

Annual fee	$59
Minimum monthly repayment	3% of the closing balance or $25, whichever is greater
Late payment fee	$10
Foreign currency conversion fee	3%
Cash advance fee	5%
Overseas cash advance fee	5%
Overseas ATM withdrawal fee	$4
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

If you've compared your options and decided you want to get the Australian Unity Low Rate Visa, you can apply online in around 5-10 minutes. Get started now by making sure you meet the eligibility criteria and that you have all the documents and details you'll need ready to go.

Eligibility criteria

Age. You must be at least 18 years old to apply.
Residency. You must be a permanent resident of Australia.

Credit history. You must have a good creditworthiness.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth, marital status, number of dependents and contact number. You'll also need to provide a valid form of ID, such as your driver's licence number, passport or Medicare card.
Employment details. You'll be asked to provide details about your current and previous employment.
Financial details. You'll need to verify your income and provide details of your expenses, assets and liabilities.

Card benefits

Low interest rate on purchases. This card charges a low purchase rate of 9.9% p.a.
Mobile payments. If you have a smartphone with Apple Pay, Google Pay or Samsung Pay, you'll be able to use this credit card for mobile payments.

Interest-free days. Get up to 45 interest-free days on purchases when you pay your card's closing balance by the due date on each statement.
Security. If you can't find your card, you can put a temporary lock on it through the Australian Unity mobile app. This account also offers a 24/7 fraud protection service and emergency assistance. Plus Visa Zero Liability Protection that covers the cost of fraudulent transactions.

Rates & fees

Annual fee. The annual fee for this card is $59, which is on the lower end of the scale.
Cash advances. If you use this card to withdraw money from an ATM or for any other cash advance transaction, a cash advance fee of 5% applies. The 18.99% p.a. cash advance interest rate will also apply from the time of the transaction.

Additional cardholders. You can request up to 4 additional cards linked to your primary account for free. Additional cardholders should be at least 18 years old.

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Australian Unity Low Rate Visa is a simple credit card with low-cost features. Both the $59 annual fee and 9.9% p.a. interest rate are competitive with other low rate cards. It also gives you up to 45 days interest-free on purchases during each statement period if you pay off the card’s full balance by the due date on your statement.

As well as being able to make payments anywhere Visa is accepted, you can add this card to your Apple Pay, Google Pay or Samsung Pay account to make purchases straight from your mobile. You’ll also be able to check your card’s balance, make payments or even lock your account with the Australian Unity mobile banking app (or manage your account with Internet banking instead).

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Australian Unity Low Rate Visa Credit Card