Illawarra Credit Union Low Rate credit card

Get a low 8.99% p.a. interest rate for your purchases and a $0 annual fee in the first year.

The Illawarra Credit Union Low Rate credit card has simple account features and an annual fee of $50 that applies after the first year. It also offers contactless and mobile payments through Apple Pay, Google Pay and Samsung Pay.

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8.99% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($50 p.a. thereafter)

45 days

Interest free period

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Product NameIllawarra Credit Union Low Rate Credit Card
Purchase rate8.99% p.a.
Annual fee$0 annual fee for the first year ($50 p.a. thereafter)
Interest-free periodUp to 45 days on purchases
Cash advance rate15.88% p.a.
Min credit limit$500
Max credit limit$25,000
Foreign currency conversion fee3%
Available to temporary residentsNo


  • Low 8.99% p.a. interest rate on purchases and 15.88% p.a. on cash advances
  • $0 annual fee for the first year (reverts to $50 p.a.)
  • Compatible with Apple Pay, Google Pay and Samsung Pay


  • Charges a 3% foreign transaction fee
  • No rewards program and travel insurance
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($50 p.a. thereafter)
Minimum monthly repayment3% of the closing balance or $20, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee$2
Additional cardholder fee$0

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Illawarra Credit Union Low Rate is a no-frills credit card with a very competitive 8.99% p.a. interest rate for purchases. You can also get up to 45 days interest-free on purchases if you pay your balance in full by the due date on each statement.

How to apply

You can apply for the Illawarra Credit Union Low Rate credit card online by filling in a secure application form. You can get started now by checking if you’re eligible to apply and have all the documents and details you’ll need for the application.

Eligibility criteria

  • Australian residency status. You must be an Australian citizen or permanent resident.
  • Age. You must be at least 18 years of age.

Card benefits

  • 8.99% p.a. on purchases. The purchase interest rate on this card is very competitive with other low-rate credit cards.
  • $0 first-year annual fee. You won’t have to pay an annual fee for the first 12 months you have this card. After that, an annual fee of $50 applies.

Rates & fees

  • Annual fee. Outside of any promotions, this card has an annual fee of $50. This is charged each year around the anniversary date of opening the account.
  • Cash advance rate. If you use this card to withdraw cash or make any other cash advance transactions, an interest rate of 15.88% p.a. will apply from the date of the transaction.

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