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

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.

  • $0 p.a. annual fee for the first year ($55 p.a. thereafter)
  • 13.24% p.a. on purchases
  • 0% p.a. for 14 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 July 27th, 2017
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
HSBC Platinum Credit Card
19.99% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 22 months with 2% balance transfer fee
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
Virgin Australia Velocity Flyer Card - Exclusive Offer
20.74% p.a.
Up to 44 days on purchases
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 18 months
Apply by 31 July 2017 to receive a long-term, no fee balance transfer and a $129 Virgin Australia Gift Voucher each year.
NAB Low Fee Card
19.74% p.a.
Up to 44 days on purchases
$30 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Enjoy a low annual fee plus a low introductory offer of 0% p.a. for 16 months on balance transfers.
HSBC Platinum Qantas Credit Card
19.99% p.a.
Up to 55 days on purchases
$199 p.a.
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
NAB Premium Card - Exclusive Offer
19.74% p.a.
Up to 44 days on purchases
$90 p.a.
0% p.a. for 24 months
Exclusive to finder.com.au, enjoy a no fee, long-term balance transfer offer with platinum privileges, including travel insurance.
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 3 months (reverts to 19.74% p.a.)
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
0% p.a. for 12 months
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
NAB Qantas Rewards Premium Card
19.99% p.a.
Up to 44 days on purchases
$250 p.a.
0% p.a. for 6 months
A dual Amex and Visa card that earns up to 1 Qantas Point per $1 spent on eligible purchases, plus a 24/7 personal concierge.
ANZ Frequent Flyer Platinum
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Get rewarded with 50,000 bonus Qantas Points when you spend $2,500 on eligible purchases for the first three months from card approval and maximise your points on everyday purchases. Also enjoy a waived annual fee for the first year.
ANZ Frequent Flyer
19.99% p.a.
Up to 44 days on purchases
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
Get 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
Citi Clear Platinum
14.99% p.a.
Up to 55 days on purchases
$99 p.a.
Visa Concierge Service, complimentary purchase cover and a low interest rate on purchases.
Citi Qantas Signature Credit Card
20.99% p.a.
Up to 55 days on purchases
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
0% p.a. for 6 months
Earn from 0.5 Qantas Points per $1 spent on selected purchases and get a 2 airport lounge visits per year.
NAB Velocity Rewards Premium Card
19.99% p.a.
Up to 44 days on purchases
$150 p.a.
0% p.a. for 6 months
Offers up to 1 Velocity point per $1 on purchases, combined with complimentary insurance covers and a concierge service.
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
20.74% p.a.
Up to 44 days on purchases
$144 p.a. annual fee for the first year ($289 p.a. thereafter)
1.9% p.a. for 15 months
Take off sooner with up to 1 Velocity Point per $1 spent and earn up to 30,000 bonus Velocity Points. Plus, complimentary travel insurance.
NAB flybuys Rewards Card
19.99% p.a.
Up to 44 days on purchases
$95 p.a.
0% p.a. for 6 months
Earn 1 flybuys point per $1 spent on everyday purchases and receive 7 complimentary insurance covers.
Bank of Melbourne Vertigo Visa Credit Card
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Receive up to 55 days interest-free on purchases and the protection of Verified by Visa online purchases.
Bank of Melbourne Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Get a range of complimentary insurance covers, access to a 24/7 concierge and up to 55 days interest-free on purchases.
Bank of Melbourne Amplify Signature
19.49% p.a.
Up to 55 days on purchases
$279 p.a.
Earn up to 3 Amplify Rewards Points per $1 spent and receive an additional card at no extra cost.
St.George Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
St.George Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Bank of Melbourne Amplify Platinum
19.49% p.a.
Up to 55 days on purchases
$99 p.a.
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary travel insurance.
St.George Amplify Platinum
19.49% p.a.
Up to 55 days on purchases
$99 p.a.
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary overseas travel insurance.
St.George Amplify Signature
19.49% p.a.
Up to 55 days on purchases
$279 p.a.
Earn up to 3 Amplify Rewards Points per $1 spent and receive two complimentary airport lounge passes per year.
BankSA Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 18 months
Take advantage of purchase protection, extended warranty and overseas travel insurance, plus a 24/7 concierge.
BankSA Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 18 months
One of the cheapest credit cards that currently offers low introductory balance transfer rate.
Citi Rewards Platinum Credit Card
20.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 24 months with 1.5% balance transfer fee
Consolidate your debt with a low balance transfer offer and a host of platinum privileges.
Citi Simplicity Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 6 months
Pay no annual fee for life ever and enjoy a low balance transfer rate of 0% p.a. for 6 months.
ANZ Platinum Credit Card
19.74% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
0% p.a. for 16 months with 2% balance transfer fee
Enjoy platinum card benefits with a 24/7 personal concierge and complimentary overseas travel and medical insurance.
ANZ First Visa Credit Card
19.74% p.a.
Up to 44 days on purchases
$30 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Get up to 44 interest-free days on purchases and take advantage of a low minimum credit limit.
NAB Low Rate Credit Card
13.99% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Receive up to 55 days interest-free on purchases, special offers from Visa Entertainment and Tap and Pay capabilities.
Virgin Money Low Rate Credit Card
11.99% p.a.
Up to 44 days on purchases
$99 p.a.
0% p.a. for 12 months
Receive up to 44 days interest-free on purchases and the optional insurance coverage of CreditShield Edge.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
0% p.a. for 14 months
Receive a $100 eGift Card when you apply by 30 September 2017 and make an eligible purchase by 31 October 2017.

Compare up to 4 providers

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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Related Posts

American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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