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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.

Visa Credit Cards Comparison

Rates last updated June 19th, 2018
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
Westpac Low Rate Card
13.49% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
0% p.a. for 24 months with 1% balance transfer fee
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
HSBC Platinum Credit Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 22 months with 2% balance transfer fee
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
Up to 45 days on purchases
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).
St.George Vertigo Platinum - Online Offer
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 24 months with 1% balance transfer fee
Platinum card benefits including complimentary insurance, plus first year annual fee waiver and 0% p.a. for 24 months on balance transfers.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
20.74% p.a.
Up to 55 days on purchases
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 18 months
finder Exclusive: Receive a long 18-month, 0% p.a., no fee balance transfer and earn Suncorp Rewards Points or Qantas Points per $1 spent.
Virgin Australia Velocity Flyer Card - Bonus Points 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
Earn up to 60,000 bonus Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year.
HSBC Low Rate Credit Card
13.25% p.a.
Up to 55 days on purchases
$79 p.a.
0% p.a. for 20 months with 2% balance transfer fee
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
NAB Low Fee Platinum Card
19.74% p.a.
Up to 44 days on purchases
$90 p.a.
0% p.a. for 24 months with 2% balance transfer fee
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.
American Express Westpac Altitude Platinum Bundle - Exclusive Offer
20.24% p.a.
Up to 45 days on purchases
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 90,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
Virgin Money Low Rate Credit Card
11.99% p.a.
Up to 44 days on purchases
$49 p.a.
0% p.a. for 14 months
Offers a discounted annual fee, $100 cashback when you meet the spend requirement and 0% p.a. for 14 months on balance transfers.
Citi Simplicity Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
Save with 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from approval. Plus, a 15 month balance transfer offer.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 14 months (reverts to 20.74% p.a.)
Up to 44 days on purchases
$129 p.a.
0% p.a. for 6 months
Buy now and pay later with 0% p.a. interest on purchases for 14 months. Plus, 0% p.a. on balance transfers for up to 6 months.
NAB Low Fee Card
19.74% p.a.
Up to 44 days on purchases
$30 p.a.
0% p.a. for 18 months with 2% balance transfer fee
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
St.George Amplify Signature - Qantas
19.49% p.a.
Up to 55 days on purchases
$279 p.a.
Receive 90,000 bonus Qantas Points when you spend $4,000 within 90 days and receive two complimentary Qantas Club lounge invitations per year.
HSBC Platinum Qantas Credit Card
19.99% p.a.
Up to 55 days on purchases
$199 p.a.
0% p.a. for 12 months
Receive 60,000 bonus Qantas Points when you spend $3,000 within 3 months of card approval, plus enjoy complimentary travel insurance.
St.George Vertigo Visa
13.74% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 18 months with 1% balance transfer fee
Enjoy a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
Virgin Australia Velocity Flyer Card - Balance Transfer 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
Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.
Citi Platinum Credit Card - 100k Bonus Points
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 15 months with 1% balance transfer fee
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.
St.George Amplify Card
19.49% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
3% p.a. for 36 months
Take advantage of 3% p.a. interest on balance transfers for 36 months. Plus, a $0 first year annual fee and Amplify or Qantas Points per $1 spent.
NAB Qantas Rewards Premium Card
19.99% p.a.
Up to 44 days on purchases
$250 p.a.
0% p.a. for 6 months with 2% balance transfer fee
Offers 30,000 bonus points when you meet the spend requirements and Qantas Points for your everyday spending. Plus a 24/7 personal concierge.
Citi Clear Platinum
14.99% p.a.
Up to 55 days on purchases
$99 p.a.
Offers a low 14.99% p.a. rate and up to 55 interest-free days on purchases. Plus, insurance covers and access to the Citibank Dining Program.
Citi Signature Qantas 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
Receive 50,000 bonus Qantas Points, 2 yearly airport lounge visits and complimentary travel insurance. Plus, a discounted first year annual fee.
Bank of Melbourne Vertigo Visa Credit Card
13.74% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 18 months with 1% balance transfer fee
Enjoy a 0% p.a. for 18 months balance transfer offer. Plus, 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.
Get 90,000 bonus Amplify or Qantas Points when you spend $4,000 within 90 days and earn up to 1.5 Amplify or 0.75 Qantas Points per $1 spent.
Bank of Melbourne Amplify Platinum
19.49% p.a.
Up to 55 days on purchases
$99 p.a.
Earn 50,000 bonus Amplify or Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas Points or 1 Amplify Point per $1 spent.
St.George Amplify Platinum
19.49% p.a.
Up to 55 days on purchases
$99 p.a.
Receive 50,000 bonus Amplify or Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas Points or 1 Amplify Point per $1 spent.
BankSA Vertigo Visa
13.74% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 18 months with 1% balance transfer fee
Enjoy a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
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 26 months with 2.5% balance transfer fee
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus complimentary international travel insurance.
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 18 months with 2% balance transfer fee
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, 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 18 months with 2% balance transfer fee
Get up to 18 months interest-free on balance transfers and save with a low $30 annual fee. Plus, up to 44 days interest-free on purchases.
NAB Low Rate Credit Card
0% p.a. for 6 months (reverts to 13.99% p.a.)
Up to 55 days on purchases
$59 p.a.
0% p.a. for 6 months with 2% balance transfer fee
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
NAB Rewards Business Signature Card
18.50% p.a.
Up to 44 days on purchases
$175 p.a.
Earn 100,000 bonus points when you spend $5,000 on everyday business purchases in the first 60 days of account opening.
Bank of Melbourne Amplify Card
19.49% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
3% p.a. for 36 months
Take advantage of a 3% p.a. for 36 months balance transfer offer, Amplify or Qantas points per $1 spent and enjoy a $0 annual fee for the first year.
BankSA Amplify Card
19.49% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
3% p.a. for 36 months
Receive a 3% p.a. for 36 months balance transfer and earn Qantas or Amplify Points per $1 spent. Plus, enjoy a $0 annual fee for the first year.
Bank of Melbourne Vertigo Platinum Card - Online Offer
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 24 months with 1% balance transfer fee
Online only: Enjoy 0% p.a. interest for 24 months on balance transfers (with a one-time 1% BT fee). Plus, a $0 first year annual fee.
BankSA Vertigo Platinum - Online Offer
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 24 months with 1% balance transfer fee
Online only: A low rate platinum card with 0% p.a. on balance transfers for 24 months. Plus, $0 annual fee for the first year.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 15 months
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

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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Credit Card Offers

Important Information*
Westpac Low Rate Card
Westpac Low Rate Card

Interest rate

13.49

Annual fee

59
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

129
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99

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