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Our verdict

Offers 0% interest on balance transfers for 12 months, with a low variable interest rate of 8.99% p.a. for all other transactions.

The Easy Street Easy Low Rate Visa combines simple credit card features with a 0% balance transfer offer and a low interest rate of 8.99% p.a. variable for purchases and cash advances. This rate also applies if you're still paying off part of your balance transfer at the end of the 12-month introductory period. This sets Easy Street's Low Rate Visa apart from most other credit cards, which typically have higher interest rates for cash advances and balance transfers after the introductory period ends.

This card also offers credit limits that start from $500 and go up to $15,000, based on the lending criteria and your eligibility (meaning your credit limit could be different to these amounts).

Pros

0% p.a. for 12 months on balance transfers (reverts to 8.99% p.a.)
A low interest rate of 8.99% p.a. applies on purchases and cash advances
A competitive annual fee of $40 p.a.
Request an additional cardholder at no extra cost

Cons

Charges a 3% foreign transaction fee

The Easy Street Easy Low Rate Visa has a competitive annual fee of $40 and charges the same low interest rate for retail purchases and cash advances. Right now, it also offers 0% interest on balance transfers for the first 12 months.

This card also offers contactless payments and up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement. This means you won't get interest-free days if you're paying off a balance transfer, so it's ideal to focus on repaying that before using the card for more spending.

Details

Product details

Product Name	Easy Street Easy Low Rate Visa credit card
Balance transfer rate p.a.	0% for 12 months, then 8.99%
Purchase rate p.a.	8.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	8.99%
Min credit limit	$500
Max credit limit	$15,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$40
Minimum monthly repayment	3% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	3%
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

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 criteria

Residency Australian citizens and permanent residents are eligible to apply.
Income. You must have an ongoing income to apply for this card, and will be asked for details during the application process.

Balance transfers. You can request a balance transfer from an Australian credit card that's not issued by Easy Street or Community First.
Credit history 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.
Age. You must be at least 18 years of age to apply for a credit card.

Required documents

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.

Card benefits

Balance transfer offer. If you want to pay off an existing credit card, you can transfer the balance to this card and get 0% interest for the first 12 months. This offer is available to new and current Easy Street Easy Low Rate Visa cardholders who transfer a new balance to the card, as long as the balance is not from an Easy Street or Community First account. At the end of the introductory period, the card's variable interest rate applies to any remaining balance transfer debt (currently 8.99% p.a.). Note that you won't be eligible for interest-free days on purchases when you carry a balance transfer debt.
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 enjoy a range of other offers through the Visa Offers + Perks 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 & fees

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 cardholder. 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).

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Easy Street Easy Low Rate Visa

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