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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MOVE Bank Low Rate Credit Card
Terms and conditions apply
Balance transfer rate for 6 months with no balance transfer fee
0% p.a.
Purchase rate
8.99% p.a.
Annual fee for the first year ($59 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 45 days

Our verdict

Offers a low interest rate of 8.99% p.a. and a $0 annual fee in the first year, which goes to $59 p.a. after that.

The 8.99% p.a. purchase rate on this credit card from MOVE Bank is competitive with other low rate cards. The same goes for the annual fee, which is waived in the first year and then reverts to $59 p.a. It also offers up to 45 days interest-free on purchases when you pay the balance in full by the due date on each statement and has a 12.99% p.a. cash advance rate that is on the lower end of the scale.

Pros

  • 0% p.a. on balance transfers for 6 months
  • $0 annual fee for the first year ($59 p.a. thereafter)
  • Ongoing low purchase interest rate of 8.99% p.a.

Cons

  • Does not offer a rewards program or travel insurance covers
  • Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days

In this guide

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

The MOVE Bank Low Rate credit card also offers an introductory 0% p.a. on balance transfers for the first 6 months when you request a balance transfer at the time of your application.

Details

Product details

Product Name MOVE Bank Low Rate Credit Card
Balance transfer rate p.a. 0% for 6 months, then 8.99%
Balance transfer limit 80% of available limit
Purchase rate p.a. 8.99%
Interest-free period Up to 45 days on purchases
Cash advance rate p.a. 12.99%
Min credit limit $1,000
Max credit limit $25,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee $0 first year ($59 after)
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Late payment fee $15
Foreign currency conversion fee 2%
Cash advance fee $5

Well done, MOVE!

The MOVE Bank Low Rate Credit Card had strong scores for its 8.99% purchase rate and $0 first-year annual fee during the analysis period. Its $59 annual fee after the first year is also relatively low. Like the winner and other highly commended card in this category for 2024, MOVE Bank is member-owned.

Full list of 2024 winners

How to apply

You can apply for the MOVE Bank Low Rate credit card online in around 10 minutes. Get started by making sure you meet the eligibility criteria and have all the required documents and details on hand.

Eligibility criteria

  • Residency status. You must be a permanent resident of Australia to apply for this card.
  • Age. You must be at least 18 years of age.

Card benefits

  • 8.99% p.a. purchase rate. The low variable interest rate on this card applies to new purchases, as well as any balance transfer debt that remains at the end of the introductory period.
  • 0% p.a. balance transfer rate. Apply for this card and request a balance transfer at the time of your application and you'll enjoy 0% p.a. interest on the transferred debt for the first 6 months. With this card, you can balance transfer a minimum of $500 and up to 80% of your approved credit limit from credit cards issued by other lenders. The introductory period will begin on the date the balance transfer is approved. Note that interest-free days do not apply when you carry a balance transfer debt.

Rates & fees

  • Annual fee. This card offers a $0 annual fee in the first year, which goes to $59 p.a. after that.
  • Overseas transaction fee. A fee of 2% applies when you use this card overseas or online with the retailer that is based overseas.

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Amy Finder

Editor

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