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Balance transfer rate for 6 months with no balance transfer fee: 7.9% p.a.
Purchase rate for the first 6 months (reverts to 11.5%): 7.9% p.a.
Annual fee: $0 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

This credit card is made from recycled plastic and offers a 7.9% interest rate for 6 months, with a $0 annual fee.

The Australian Mutual Bank Credit Card is a no-frills credit card that gives you both low rates and $0 annual fee. It has an introductory rate of 7.9% for the first 6 months. After that, you'll pay 11.5% p.a. interest rate which is on par with other low rate cards and applies to purchases and any debts you balance transfer to the account.

This card is set apart from most other Australian credit cards because it’s made from recycled plastic. You can also add this card to Apple Pay, Google Pay or Samsung Pay if you want to make payments straight from your phone or wearable device.

Pros

7.9% p.a. for 6 months on purchases and balance transfers
Low variable interest rate of 11.5% p.a. after the introductory period
$0 annual fee

Cons

2.9% international transaction fee
No rewards program or complimentary insurance

Details

Product details

Product Name	Australian Mutual Bank Credit Card
Balance transfer rate p.a.	7.9% for 6 months, then 11.5%
Purchase rate p.a.	Purchase rate p.a. 7.9% for 6 months, then 11.5%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	11.5%
Min credit limit	$1,000
Max credit limit	$25,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$25,000
Joint application	No

Rewards

Bonus points	N/A
Rewards points cap	N/A

Fees

Annual fee	$0
Minimum monthly repayment	3% of the closing balance outstanding
Late payment fee	$10
Foreign currency conversion fee	2.9%
Cash advance fee	$4
Overseas ATM withdrawal fee	$4
Additional cardholder fee	$0

How to apply

You can apply for the Australian Mutual Bank Credit Card online by filling in a secure application form. To get started, make sure you meet the following eligibility requirements and have all the documents and details you need to complete the application.

Eligibility criteria

Australian residency status. You can apply for this card if you are an Australian permanent resident or citizen.
Employment details. You must have a regular, permanent income.

Age. You must be at least 18 years of age.

Required documents

Personal details. This includes your full name, date of birth, residential address, email address, contact number and your relationship status. You also need to provide a valid form of ID, such as your Australian driver's licence or passport.
Employment details. As well as your regular income, this covers your profession, length of employment and your employer's contact details. You may also be asked for recent payslips or a tax assessment notice from the ATO (Australian Taxation Office).
Financial details. This includes any other forms of income, savings or other assets as well as existing debts, cards and loans. You also need to estimate your share of regular household expenses.

Card benefits

Low interest rate. You get a 7.9% interest rate for the first 6 months on purchases and balance transfers made with this card, which is competitive with other low rate credit cards.
No annual fee. The Australian Mutual Bank Credit Card charges a $0 annual fee.

Recycled plastic card. The physical credit card has a plastic body that's made from 99% recycled PVC (polyvinyl chloride – a type of plastic). The main parts that aren't made of recycled materials are the inlay, magnetic strip, microchip and antenna, as there's no recycling option for these elements yet.
Interest-free days. If you pay the closing balance in full by the due date on each statement, you can take advantage of up to 55 days interest-free on purchases. If you're not sure how interest-free days work, this Finder guide gives you the lowdown.
Mobile payments. You can make payments straight from your smartphone or other devices by adding this card to your Apple Pay, Samsung Pay or Google Pay account.
Visa benefits. This card offers worldwide acceptance through the Visa network, which means you can use it in-store, online or over the phone with any business that accepts Visa. When you shop online, Visa Secure will add a layer of protection to your payments. You can also take advantage of exclusive shopping, dining, travel and entertainment deals through Visa Offers + Perks.

Rates & fees

Cash advances. If you withdraw cash or use this card for any other cash advance transactions, you'll be charged a fee worth $4. Cash advances also attract an interest rate of 11.5% p.a. from the date they are made.
Credit limits. While this card has a minimum credit limit of $1,000, the actual credit limit you get is subject to lending criteria and approval.

Foreign transaction fees. A fee of 2.9% applies to transactions you make in a foreign currency. This includes online purchases as well as any shopping you do when you're travelling overseas.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Australian Mutual Bank Credit Card's information page
2. Australian Mutual Bank Credit Card's TMD

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Australian Mutual Bank Credit Card

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Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

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