Beyond Bank Low Rate Visa Credit Card

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Repay your debt with 0% on balance transfers for 12 months and save on purchases with up to 62 interest free days with the Beyond Bank Low Rate Visa.

The Beyond Bank Low Rate Visa credit card offers a low purchase interest rate of 12.49% p.a. and a competitive $49 annual fee. If you have an existing debt to pay off, you can take advantage of no interest on balance transfers for 12 months.

0% p.a.

Balance transfer rate

for 12 months

12.49% p.a.

Purchase rate

$49 p.a.

Annual fee

62 days

Interest free period

Details

Product NameBeyond Bank Low Rate Visa Credit Card
Balance transfer rate0% p.a. for 12 months
Balance Transfer Revert RatePurchase Rate (12.49% p.a.)
Purchase rate (p.a.)12.49% p.a.
Annual fee$49 p.a.
Interest Free Period62 days
Cash Advance Rate19.99% p.a.
Minimum Credit Limit$1,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$2,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • 0% for 12 months on balance transfers
  • Up to 62 days interest-free on purchases
  • Free additional cardholders

Cons

  • No rewards program
  • Charges a 3% of transaction value foreign transaction fee
Annual fee$49 p.a.
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee$4
Additional Cardholder Fee$0
Number of Additional Cardholders4

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 Beyond Bank Low Rate Visa credit card could help you repay your debt without the burden of interest. You should aim to pay your balance in full within the first 12 months, as any remaining debt will attract the 12.49% p.a. purchase rate thereafter. This is a lower revert rate than most balance transfer cards, but it’s still wise to avoid paying it if you can. If you don’t think you can repay your balance within a year, you may want to compare credit cards with longer interest-free balance transfer offers.

How to apply

You can apply for the Beyond Bank Low Rate Visa credit card online in 15 minutes as long as you meet the eligibility criteria and have the necessary information.

Eligibility criteria

  • Income. You must receive a regular net income greater than $2,000 a month.
  • Credit history. You'll need a good credit score with no history of unpaid defaults or bankruptcy.

Card benefits

  • Balance transfer offer. Take advantage of low balance transfer offer of 0% p.a. for 12 months. This could help you pay off your debt quicker and save on interest costs. Any remaining debt will attract the 12.49% p.a. purchase rate at the end of the introductory period. You can transfer a minimum of $500 from non-Beyond Bank accounts.
  • Competitive purchase rate. This is a low rate credit card and you get to enjoy competitive interest rates with your purchases. The purchase rate is 12.49% p.a.

Rates & fees

  • Annual fee. This card charges a $49 annual fee.
  • Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 62 interest-free days on purchases. You won't be eligible for interest-free days if you're paying off a balance transfer debt.

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2 Comments

  1. Default Gravatar
    Adrian
    October 30, 2015

    Hi, I’m a carer on centrelink payments. Do I meet the banks lending criteria?
    I would like to balance transfer my ANZ Visa.
    Thank you.

    • AvatarStaff
      Sally
      October 30, 2015

      Hi Adrian,

      Thanks for your question.

      Usually as long as you meet the minimum income requirement and the other eligibility criteria, you shouldn’t have an issue applying.

      The terms and conditions available on Beyond Bank’s website don’t mention and limits on income through Centrelink, so you may need to get in contact with their customer service team directly to confirm your eligibility.

      I’ve emailed you their contact details for your convenience.

      I hope this has helped.

      Thanks,

      Sally

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