Bank Australia Low Rate Visa Credit Card

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Save with low interest rates and a competitive annual fee with the Bank Australia Low Rate Visa credit card.

The Bank Australia Low Rate Visa credit card couples low interest rates with a competitive annual fee. You can use your card wherever Visa is accepted and enjoy the convenience of mobile payments when you link your card with Apple Pay or Google Pay.

9.39% p.a.

Purchase rate

$59 p.a.

Annual fee

Details

Product NameBank Australia Low Rate Visa Credit Card
Purchase rate (p.a.)9.39% p.a.
Annual fee$59 p.a.
Cash Advance Rate9.39% p.a.
Minimum Credit Limit$1,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Take advantage of a low variable interest rate of 9.39% p.a. on purchases and cash advances.
  • This card comes with security features such as a 24/7 fraud monitoring.
  • Receive an access to Apple Pay and Google Pay.

Cons

  • There are no interest-free days on purchases with this card.
  • This card is not linked to any rewards program.
Annual fee$59 p.a.
Minimum Monthly Repayment2.5% of the closing balance or $20, whichever is greater
Late Payment Fee$0
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee$3.50
Overseas Cash Advance Fee$3.50
Overseas ATM Withdrawal Fee$3.50

Expert review

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Bank Australia Low Rate Visa credit card boasts one of the lowest purchase interest rates on the market. This will help minimise your interest costs if you regularly carry a balance from month to month. It’s also one of the few cards to also charge a low interest rate on cash advances.

How to apply

You can apply for the Bank Australia Low Rate online. Before you start the application, check if you meet the eligibility criteria and have the necessary information.

Eligibility criteria

  • Age. Applicants must be at least 18 years old.
  • Residency. This card is only available to Australian citizens or permanent Australian residents.

Card benefits

  • Low interest rates. This credit card offers a competitive 9.39% p.a. variable interest rate on all purchases and cash advances made with the card. This is currently one of the lowest rates available, particularly for cash advances.
  • Visa benefits. You can use this card at millions of locations around the world wherever Visa is accepted. Enjoy access to presale concert tickets, discounts, competitions and other deals through Visa Offers and Perks. You can also access safer online banking through Visa Checkout.

Rates & fees

  • Annual fee. This card charges a competitive annual fee of $59.
  • Cash advance fee. If you use this card to get money from an ATM or for any other cash advance transaction, a fee worth $3.50 of the total transaction will apply.
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