Easy Street Easy Low Rate Visa review

Save on interest charges with a variable rate of 8.99% p.a.

The Easy Street Easy Low Rate Visa offers one of the lowest interest rates on the market, with 8.99% p.a. (variable) applying to your purchases, cash advances and balance transfers. This sets it apart from most other credit cards, which typically have higher interest rates for cash advances and balance transfers. It also makes it easier to keep track of interest charges.

In terms of other features, the Easy Street Easy Low Rate Visa also offers a competitive annual fee of $40, up to 55 days interest-free on purchases and contactless payments. It also offers credit limits that start from a conservative $1,000 and go up to $15,000, based on the lending criteria and your eligibility (meaning your credit limit could be different to these amounts).

Product NameEasy Street Easy Low Rate Visa credit card
Purchase rate (p.a.) 8.99% p.a.
Annual fee$40 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)8.99% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$1,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$15,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$40 p.a.
Minimum Monthly RepaymentGreater of $20 or 3%
Late Payment Fee$25
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Additional Cardholder Fee$0
Number of Additional Cardholders1

Features and benefits of the Easy Street Easy Low Rate Visa

These are the standout features of this card:

  • Low interest rate. The 8.99% p.a. variable rate is at the lower end of the scale for Australian credit cards. Interest rates typically range from around 8.99% p.a. to 21.99% p.a. or higher.
  • Up to 55 days interest-free on purchases. If you pay your balance in full by the due date on each statement, you’ll get up to 55 days interest-free on purchases you make in the next statement period. The interest-free period starts on the first day of your statement and runs through to the due date for that statement period, giving you a way to completely avoid interest charges on purchases.
  • Contactless payments. This card offers tap-and-go payments when you spend up to $100 in a single transaction – although there is a daily limit of $200 for contactless payments.
  • Visa benefits. Get access to exclusive competitions, pre-sale tickets and other offers through Visa Entertainment and enjoy a range of other benefits through the Perks and Offers page on Visa’s website. This card also comes with Visa’s Zero Liability Policy to protect you against fraudulent transactions.
  • Account access. Check your balance, make payments and manage other details through Easy Street’s Internet banking service or smartphone app.

Rates and fees for the Easy Street Easy Low Rate Visa

Weigh up these costs to help you decide if this credit card is right for you:

  • Annual fee. This $40 fee is charged when you first get your Easy Street Easy Low Rate Visa card, and then every year on that anniversary.
  • Additional credit card. If you want to share your account with a partner or family member, you can request an additional card at no extra cost.
  • International transaction fee. This card charges a fee of 3% when you use it to pay for purchases made overseas in a foreign currency. This fee also applies if you shop in Australia from merchants that are based overseas or those that process payments overseas (i.e. some online stores).

How to apply for the Easy Street Easy Low Rate Visa

You can apply for this credit card online by filling out a secure application form on the Easy Street website. Or, if you’d prefer to apply over the phone, call Easy Street on 1300 13 14 65 between 8am and 8pm Monday to Friday, or 8am and 3pm on Saturdays. You can also request a callback by filling out a contact form on the Easy Street website.

Get started by making sure you meet the following eligibility requirements and have all the essential details and documents on hand.

Eligibility requirements

  • Are you over 18? You must be at least 18 years of age to apply for a credit card.
  • Do you have a regular income? You must have an ongoing income to apply for this card, and will be asked for details during the application process.
  • What is your Australian residency status? Australian citizens and permanent residents are eligible to apply.
  • Do you have any defaults or bankruptcy listings on your credit file? You can only apply for this card if you have not defaulted on any loans, credit cards, store cards or interest-free finance arrangements in the last five years. You also won’t be able to apply if you are currently bankrupt.

Details and documents you need for the application

  • Personal information. This includes your full name, date of birth, residential and postal addresses, email address and mobile phone number. You’ll also need a valid form of ID, such as your driver’s licence or Australian passport.
  • Income and employment details. This includes your current work status, your employer’s name and contact details and how much you earn. You may also be asked to provide recent payslips or bank statements to verify these details.
  • Other financial details. You’ll also need to share the details of any other assets you have, such as savings or property, and any debts you have, such as other credit cards and loans. As well as this information, you’ll need to estimate your regular expenses, such as rent, mortgage payments, bills and groceries.

The Easy Street Easy Low Rate Visa’s variable interest rate and annual fee make it a competitive low-cost card. You can compare these features and costs to those of other low rate credit cards to help you decide if it’s right for you.

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Credit Cards Comparison

Rates last updated July 16th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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