In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Beyond Bank Low Rate Visa Credit Card

  • Sally McMullen's headshot
Beyond Bank Low Rate Visa Credit Card
Terms and conditions apply
Balance transfer rate for 12 months with no balance transfer fee
0% p.a.
Purchase rate
11.99% p.a.
Annual fee
$49 p.a.
Interest-free on purchases
Up to 62 days

Our verdict

Repay your debt with 0% on balance transfers for 12 months and save on purchases with up to 62 interest free days with the Beyond Bank Low Rate Visa.

The Beyond Bank Low Rate Visa credit card could help you repay your debt without the burden of interest. You should aim to pay your balance in full within the first 12 months, as any remaining debt will attract the 11.99% p.a. purchase rate thereafter. This is a lower revert rate than most balance transfer cards, but it’s still wise to avoid paying it if you can. If you don’t think you can repay your balance within a year, you may want to compare credit cards with longer interest-free balance transfer offers.

Pros

  • 0% p.a. for 12 months on balance transfers
  • Up to 62 days interest-free on purchases
  • Free additional cardholders

Cons

  • No rewards program
  • Charges a 3% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Beyond Bank Low Rate Visa credit card offers a low purchase interest rate of 11.99% p.a. and a competitive $49 annual fee. If you have an existing debt to pay off, you can take advantage of no interest on balance transfers for 12 months.

Details

Product details

Product Name Beyond Bank Low Rate Visa Credit Card
Balance transfer rate p.a. 0% for 12 months, then 11.99%
Purchase rate p.a.
11.99%
Interest-free period
Up to 62 days on purchases
Cash advance rate p.a. 11.99%
Min credit limit $1,000
Card type Visa

Eligibility

Available to temporary residents No
Minimum income $2,000
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee
$49
Foreign currency conversion fee
3%
Cash advance fee $4
Additional cardholder fee $0
Number of additional cardholders 4

How to apply

You can apply for the Beyond Bank Low Rate Visa credit card online in 15 minutes as long as you meet the eligibility criteria and have the necessary information.

Eligibility criteria

  • Income. You must receive a regular net income greater than $2,000 a month.
  • Credit history. You'll need a good credit score with no history of unpaid defaults or bankruptcy.

Card benefits

  • Balance transfer offer. Take advantage of low balance transfer offer of 0% p.a. for 12 months. This could help you pay off your debt quicker and save on interest costs. Any remaining debt will attract the 11.99% p.a. purchase rate at the end of the introductory period. You can transfer a minimum of $500 from non-Beyond Bank accounts.
  • Competitive purchase rate. This is a low rate credit card and you get to enjoy competitive interest rates with your purchases. The purchase rate is 11.99% p.a.

Rates & fees

  • Annual fee. This card charges a $49 annual fee.
  • Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 62 interest-free days on purchases. You won't be eligible for interest-free days if you're paying off a balance transfer debt.

Your reviews

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Ask a question

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Sally Finder

Producer

Hi there, looking for more information? Ask us a question.

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Avatar

Adrian

October 30, 2015

Hi, I’m a carer on centrelink payments. Do I meet the banks lending criteria?

I would like to balance transfer my ANZ Visa.

Thank you.


Avatar

Sally McMullen Finder

October 30, 2015

Hi Adrian,


Thanks for your question.


Usually as long as you meet the minimum income requirement and the other eligibility criteria, you shouldn’t have an issue applying.


The terms and conditions available on Beyond Bank’s website don’t mention and limits on income through Centrelink, so you may need to get in contact with their customer service team directly to confirm your eligibility.


I’ve emailed you their contact details for your convenience.


I hope this has helped.


Thanks,


Sally


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