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Our verdict

Save with $0 annual fee and a 4.99% interest rate for the first 5 months with the Lifestyle Plus Credit Card.

The Qudos Bank Lifestyle Plus credit card is one of the few cards that offers both no annual fee and a low introductory interest rate. The standard interest rate is also relatively low when compared to other cards with introductory purchase and balance transfer offers.

Although you could cut interest costs with this card, there are some other cards that offer 0% interest on purchases and balance transfers for longer promotional periods. Depending on your goals, you could compare this card with interest-free offers to see which one could help you save more.

Pros

$0 annual fee & $0 fee for additional cardholder
4.99% p.a. interest rate for 5 months on purchases and balance transfers
Exclusive discounts and benefits through Visa Offers and Perks

Cons

Offers 46 days interest-free on purchases, compared to other cards that offer up to 55 days
Doesn't have a rewards program

The Qudos Bank Lifestyle Plus credit card combines cost-saving features with $0 annual fee and up to 46 interest-free days when you pay your account in full by the end of the statement period.

You can also cut interest costs on purchases and balance transfers with a low 4.99% rate for the first 5 months from the date that your account is approved. A 16.35% p.a. interest rate will apply to any remaining balances after this.

Details

Product details

Product Name	Qudos Bank Lifestyle Plus Credit Card
Balance transfer rate p.a.	4.99% for 5 months, then 16.35%
Purchase rate p.a.	4.99% for 5 months, then 16.35%
Interest-free period	Up to 46 days on purchases
Cash advance rate p.a.	16.35%
Min credit limit	$1,000
Max credit limit	$20,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Foreign currency conversion fee	3.65%
Overseas cash advance fee	$175
Overseas ATM withdrawal fee	$2
Additional cardholder fee	$0

How to apply

You can apply for the Qudos Bank Lifestyle Plus credit card online, but make sure that you check the eligibility criteria and necessary information you'll need to provide to complete the application.

Eligibility criteria

Age. You must be over 18 years old.
Residency. You must be an Australian citizen or a permanent resident in Australia.

Income. Qudos Bank does not list a minimum income requirement for the Lifestyle Plus Credit Card but you must be in paid employment and be able to service the minimum credit limit of $1,000 to have your application considered.
Credit history. You must have a good credit score with no history of being bankrupt.

Required documents

Personal information. You're required to enter your personal details and contact information such as your name, age, address, phone numbers and email address.
Identification. You must verify your identity with Qudos Bank to complete the application online. You can do this using your driver's licence, passport or Medicare card.
Income. You'll need to provide proof of your gross income and net salary as well as your details regarding your place of employment.
Finances. This includes information about any assets (property, vehicles, expenses or superannuation), liabilities and expenses (loan balances, repayment amounts, credit limits).
Balance transfer. If you're conducting a balance transfer, you'll need to provide information regarding the debt you're transferring including the amount and the institution you're moving it from.

Card benefits

No annual fee. Qudos Bank does not charge an annual fee for the Lifestyle Plus Credit Card.
Low interest rate. For the first 5 months you have the Qudos Bank LifeStyle Plus, all balance transfers and purchases will accrue interest at the promotional rate of 4.99% p.a. Once the introductory period is finished, the variable interest rate of 16.35% p.a. applies to all card transactions if you carry a balance.

Online and mobile banking. You can view your transaction history, account balances and payments through online banking or the Qudos Bank app.
Visa perks. You can use your card at millions of international locations wherever Visa is accepted, including at contactless terminals thanks to Visa payWave. You can also access exclusive discounts and benefits through Visa Offers and Perks.
Security. Visa guarantees that you won't be held liable for any unauthorised transactions detected on your account courtesy of Visa Zero Liability. Your card is also protected by ORION 24/7 card monitoring, so you'll be alerted if any suspicious activity occurs on your account.
Mobile payments. Whether you have an Android or Apple device, you can make contactless payments with your smartphone when you link your Qudos Bank Lifestyle Plus Credit Card to your Google Pay or Apple Pay account.

Rates & fees

Credit limits. You can request a credit limit starting at $1,000 up to $20,000. Qudos Bank determines your credit limit based on your credit history, income and other lending criteria.
Purchase rates. Outside of any promotions, your purchases, cash advances and balance transfers will attract a 16.35% p.a. interest rate.

Free extra card. You can request an additional card for a family member at no extra charge. Primary and additional cards share the same credit limit but the card numbers and names are different. As the primary cardholder, you will still be responsible for managing and keeping the account in good standing.
Interest-free days. You can save with up to 46 days interest-free on purchases if you pay your account in full by the statement due date each month. Please note that you can't take advantage of interest-free days if you're paying off a balance transfer debt.

Sources

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Sally Finder

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Annette

January 15, 2016

Hi, do you earn Qantas Points with the Qantas Credit Union Lifestyle Plus credit card?

Thanks

Annette

Debbie Finder

January 15, 2016

Hi Annette,

Thank you for your inquiry.

While there is no rewards program attached to Qudos Bank Lifestyle Plus Credit Card, only the Qudos Bank Visa Platinum Credit Cardcan let you earn Qantas Points among the Qudos credit union cards.

For other credit card options that offer Qantas Points, kindly refer to our comparison of Qantas frequent flyer credit cards.

I hope this helps.

Cheers,

Debbie

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Qudos Bank Lifestyle Plus Credit Card

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