Auswide Bank started as a Queensland-based building society and has since grown to a national bank that has been providing financial products and services for over 50 years.
It offers a range of products, including a no-frills credit card with a competitive low rate and an annual fee that can be waived if you're under the age of 25. Find out more about its credit card offering below.
Currently, the Low Rate Credit Card from Auswide Bank comes with a competitive 10.99% p.a. interest rate for purchases and cash advances.
This card also comes with a $50 annual fee that's waived for cardholders under 25 years of age.
Benefits you can get with an Auswide Bank credit card
If you decide to apply for an Auswide Bank credit card, some of the features and benefits you could enjoy include:
Balance transfers
If you have an existing credit card with another bank or provider, you can request a balance transfer up to your available credit limit and your balance will be charged at the purchase rate, currently 10.99% p.a.
Additional cards
If you want to share your Auswide Bank credit card account with your partner or another family member, you can request an additional card for them and enjoy no additional cardholder fee. Note that you will be the one responsible for keeping the account in good standing.
Security features
The Auswide Bank Low Rate card offers extra layers of security for online purchases through Visa Secure, EFTPOS Secure and Visa Zero Liability.
Mobile payments
Auswide Bank is compatible with Apple Pay and Google Pay, so you can add your card details to the relevant app and tap to pay straight from your mobile phone or device.
Visa benefits
As a Visa credit card, you will get access to certain benefits such as contactless payments with Visa PayWave for purchases under $100 and faster checkout with Visa Checkout.
How to apply for an Auswide Bank credit card
You can apply for an Auswide Bank credit card online, in a branch or by phoning 1300 138 831. Before you apply, make sure you meet the eligibility criteria and have all the documents and details required for the application.
Eligibility criteria
Residency status. You should be a permanent resident of Australia.
Minimum income. The minimum income requirement for the Low Rate Visa is $30,000.
Age. You must be over 18 years old.
Credit history. You should have a good credit history.
Required documents
Personal details. This includes your name, phone number, email address, residential address, date of birth, and marital status. You also need to provide a valid form of ID, such as your driver's license or passport.
Employment details. As well as your salary, you need to provide information about your employment status, length of employment and your employer's contact details.
Financial details. This covers other forms of income, assets such as savings, as well as existing credit cards, loans and other debts. Plus, details of your share of household expenses including rent or mortgage repayments, bills and groceries.
Credit card brands similar to Auswide Bank
If you're after a low rate credit card similar to that offered by Auswide Bank, you can consider credit cards from the following brands:
If you have access to all the required information the online application should take around 10-20 minutes to complete.
You can check your application online, in an Auswide Bank branch or by calling the bank on 1300 138 831.
You have the following ways to make repayments on your Auswide credit card balance:
BPAY or funds transfer
Australia Post Bank@Post service
Direct debit (Easi-Pay)
Cheque (via mail)
As you have to pay at least the minimum amount listed by the due date on each statement, it's a good idea to make your repayment a few days before that date so that it's processed in time. If you want to learn more about making repayments, check out this guide (including a repayment calculator).
Yes, Auswide Bank credit card offers up to 55 interest-free days on purchases. To take advantage of interest-free days, you need to pay the total outstanding balance (including balance transfer debt) by the due date on your statement for at least two consecutive statements.
If you lose your Auswide Bank credit card, call one of the following relevant numbers:
Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald. See full bio
Amy's expertise
Amy has written 588 Finder guides across topics including:
This low rate credit card offers the same 10.99% p.a. variable rate for purchases and cash advances, with an introductory 0% balance transfer offer too. Compare its other features here.
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