Cheap Visa Credit Cards – Compare the cheapest Visa low interest cards

Information verified correct on December 3rd, 2016

Visa cards are some of the most accepted and popular cards around the globe, and also some of the cheapest.

Visa is one of the biggest card schemes in the world. Everywhere you go you can be sure you'll find a merchant or ATM which accepts Visa cards, so they're a popular choice for many Australians. Add to this the other benefits Visa cards can come with—Visa payWave, Visa Entertainment and added security features, and it's clear to see why you'd want one.

St.George Vertigo Visa

Cheap Visa Credit Card Offer

The St.George Vertigo Credit Card is one of the cheapest credit cards, which offers a low interest rate on balance transfers and a low ongoing purchase rate.

  • $55 p.a. annual fee
  • 1% p.a. for 12 months (reverts to 13.24% p.a.) on purchases
  • 0% p.a. for 18 months on balance transfers
  • Cash Advance Rate of 21.49% p.a.
  • Up to 55 days interest free

Visa Credit Cards Comparison

Rates last updated December 3rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Up to 55 days on purchases Go to site More info
NAB Qantas Rewards Premium Card - Exclusive Offer
Get 75,000 bonus Qantas Points plus enjoy a low promotional offer of 4.99% p.a. for 6 months on balance transfers.
19.99% p.a. 4.99% p.a. for 6 months $250 p.a. Up to 44 days on purchases Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Offering 0% p.a. interest rate on balance transfers for 18 months. Earn bonus Velocity Points in the first 3 months.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Up to 44 days on purchases Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
NAB Low Fee Card
Enjoy a low annual fee plus a low introductory offer of 0% p.a. for 15 months on purchases and balance transfers.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $30 p.a. Up to 44 days on purchases Go to site More info
Virgin No Annual Fee Credit Card
$0 annual fee credit card with $100 cashback and a long term low rate balance transfer offer of 0% p.a. for 18 months with 2% balance transfer fee. Spend criteria applies for cashback offer.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Up to 44 days on purchases Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Westpac Low Rate Card
A no frills credit card with an introductory rate of 0% p.a. for 16 months on balance transfers and 1% p.a. for 12 months on purchases.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 16 months $59 p.a. Up to 55 days on purchases Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Up to 55 days on purchases Go to site More info
ANZ First Visa Credit Card
Enjoy 0% p.a. balance transfer rate for the first 18 months, a low annual fee, interest-free days on purchases and a low minimum credit limit.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $30 p.a. Up to 44 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 1% p.a. for up to 12 months on purchases.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 18 months and 1% p.a. for 12 months on purchases combined with complimentary insurance covers.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Citi Rewards Credit Card - Platinum Card
Consolidate your debt with a low balance transfer offer and a host of platinum privileges.
20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $199 p.a. annual fee for the first year ($249 p.a. thereafter) Up to 55 days on purchases Go to site More info
ANZ Frequent Flyer Platinum
The ANZ Frequent Flyer Platinum Credit Card allows you to maximise your Qantas Frequent flyer points on everyday purchases. Earn up to 1.5 Qantas Frequent Flyer points per $1 spent on purchases, get 50,000 Qantas Points when you spend $2,500 on eligible purchases for the first three months from card approval and enjoy a waived annual fee for the first year.
19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Up to 55 days on purchases Go to site More info
BankSA Vertigo Visa
One of the cheapest credit cards that currently offers low introductory balance transfer rate.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
ANZ Frequent Flyer
Receive 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months. Plus enjoy a waived annual fee for the first year.
19.99% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Up to 44 days on purchases Go to site More info
Citi Clear Platinum Card
Visa Concierge Service, complimentary purchase cover and a long term balance transfer option.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Up to 55 days on purchases Go to site More info
Citi Rewards Platinum Card - Cashback Offer
Earn $250 cashback on eligible spend, plus enjoy 0% p.a. balance transfer offer for 12 months, discounted annual fees for the life of the card and a complimentary travel insurance.
20.99% p.a. 0% p.a. for 12 months $99 p.a. annual fee for the first year ($199 p.a. thereafter) Up to 55 days on purchases Go to site More info
Citi Qantas Signature Credit Card
Earn up to 50,000 bonus Qantas Points when you spend $2,000 or more on eligible purchases in the first 90 days. Plus, enjoy introductory interest rates on balance transfers and purchases with a discounted annual fee of $199 in the first year.
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) Up to 55 days on purchases Go to site More info
Citi Simplicity Card
Pay no annual fee for life ever and enjoy a low balance transfer rate of 0% p.a. for 9 months.
19.99% p.a. 0% p.a. for 9 months $0 p.a. Up to 55 days on purchases Go to site More info
BankSA Vertigo Platinum
Enjoy 0% balance transfer rate for 18 months and 1% purchase rate for 12 months if you apply and are approved by 4 January 2017.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
20.74% p.a. 1.9% p.a. for 15 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Up to 44 days on purchases Go to site More info
ANZ Platinum Credit Card
Enjoy platinum card benefits with $0 annual fee in the first year and complimentary overseas travel and medical insurance.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Up to 55 days on purchases Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Up to 55 days on purchases Go to site More info

This page lists Visa credit cards which have a low rate or are otherwise considered 'cheap' due to their lower fees.

Types of cheap low rate visa credit cards

Different cards can fall into this category. These include;

  • Low balance transfer cards

    These cards may offer a low rate on balances transferred from an existing credit card. Rates can range from as low as 0% to as high as 6% and sometimes higher, and are offered for periods of between 6 months to 24 months.

  • Low purchase rate cards

    This type of card will offer a low rate on purchases which can range from between 0% and 10%. As is the case with balance transfer cards, these cheap cards will generally give you the low purchase rate for a number of months ranging from five to as many 48 months. Some cards have ongoing low purchase rates, which means they aren't limited to a number of months.

  • Low cash advance rate cards

    This type of card has a lower rate for cash advances, which are carried out when you use a credit card to withdraw money from an ATM or at a branch. Other transactions are also classified as cash advances, such as using your card to pay for gambling transactions, foreign cash or some bill payments.

  • Cards with low or no annual fees

    These cards are cheap because they have low annual fees, although the two types above may also have low or $0 annual fees too.


Understanding how cheap low rate visa credit cards work

How do cheap low rate visa credit cards work?

A low rate card works by charging you a lower rate of interest for balance transfers, purchases or cash advances. This means you pay less in interest, hence why they're referred to as being 'cheap'. As mentioned above a card can also be classified as cheap if it has a low or $0 annual fee.

When it comes to credit cards, 'cheap' can mean different things to different spenders. Those who pay their balance in full each month may not actually require a low rate for a card to be cheap, instead opting for a lower annual fee, whereas those who pay off a balance regularly may find a low rate is a better indicator that a credit card is cheap.

The Visa difference

If you're on this page you're looking for cheap low rate cards that are also Visa cards. This can be for a large number of reasons: maybe you prefer Visa's services or find they're accepted more readily accepted when you travel. Here are some other benefits all Visa cards grant their cardholders.

  • Visa Entertainment - This is a program for Visa cardholders which gets them access to presale concert and event tickets. With this program you won't miss out on seeing your favourite band, comedian or any other show.
  • Verified by Visa - This is one of the security features which Visa has developed, and allows you to get extra security when shopping online at participating stores.
  • Visa Zero Liability Policy - This is the second notable security feature offered by Visa, and is a policy that states you won't be held responsible for fraudulent transactions. Just review your statements and let your card issuer know if something isn't right.
  • Visa payWave - Visa payWave is an innovative way to pay for items by tapping your card on a payWave terminal as opposed to swiping or inserting your card. Any card displaying the payWave logo can use this feature for purchases under $100.

How to compare low rate Visa credit cards

You can compare these cards based on a number of factors. The first of which obviously begins with rates and fees.

  • Rates and revert rates - As mentioned above 'cheap' means different things to different people, so this point and the point underneath are interchangeable. Nevertheless, comparing cheap low rate cards will obviously include looking at the interest rates they offer for purchase rates, cash advance rates or balance transfer rates—whichever is more important to you.If the low rate is promotional and not ongoing you'll want to know what the rate will revert to once it's over.
  • Fees - Those who pay off their balances in full each month, and therefore avoid paying interest, will want to consider the annual fee in their comparison. Even if you are focussed on finding a low rate card, pay attention to the annual fee in your comparison otherwise you may find the savings you make in interest aren't worth as much.
  • Additional benefits - Once you've compared these you'll want to start comparing the other extras offered. Possible benefits include complimentary insurance policies for travel, buying items and much more. Some cards may offer rewards programs, complimentary flights and discounts on a range of partner services and experiences. Cheaper cards aren't usually noted for being strong in this area but it still pays to factor this into your comparison.

Pros and cons of cheap low rate Visa credit cards

Pros

  • Low rates mean you'll pay less in interest or pay your balance off quicker
  • Low fees mean you pay less in return for using your card each year
  • Visa cards, along with MasterCards, often have the smallest credit card surcharge when compared to American Express and Diners Club cards.
  • Visa cards are accepted at millions of merchants worldwide

Cons

  • Cards with lower annual fees may sacrifice the number of interest-free days you get
  • Cheaper cards generally don't offer as many features as platinum or gold cards
  • Some balance transfer offers may revert to cash advance rates, which are generally around the 20% mark

Compare Visa Credit Cards


Frequently asked questions about cheap low rate Visa credit cards

Visa and MasterCard generally offer the same features. The major difference is in how much you enjoy using their services. You may find the customer service or complaint resolution of one better than the other.

Some countries don't accept Visa. These include:

  • Cuba
  • Sudan
  • Islamic Republic of Iran

Credit card interest is calculated each day and charged at the end of the statement cycle. The interest rate used is the annual rate advertised divided by 365 days.

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