Lombard 55 Visa Card – Rates and Fees

Discover the possibilities of interest-free spending: shop interest-free with participating retailers and get up to 55 interest-free days on other purchases

The Lombard 55 Card works like any other conventional credit card, where you can use it for make purchases, cash advances and the like.

A partnership between Lombard and some of Australia’s leading retailers gives you the ability to use this card to obtain interest-free finance for different kinds of purchases. With all other purchases, you can get up to 55 interest-free days.

Product NameLombard 55 Card
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (25.9% p.a.)
Purchase rate (p.a.)25.90% p.a.
Annual fee$99 p.a.
Interest Free Period
The interest-free period is the 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.)25.90% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Card TypeVisa
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationYes
Annual fee$99 p.a.
Minimum Monthly RepaymentThe greater of 3% of the outstanding balance or $30
Late Payment Fee$35
Cash Advance Fee$3.00 or 3% of the total cash advance amount
Gambling Transactions AllowedNo

Lombard 55 Card review

What sets this credit card apart from most others is that you can use your card to make interest free purchases at some of the leading retailers in Australia. If you use your card in the right manner you can get up to 55 interest-free days on all other purchases. The ongoing annual fee you have to pay is fairly nominal, especially if you’re using your card to make larger purchases.

Benefits of Lombard 55 Card

  • Interest-free shopping. You can visit any store on the list of Lombard’s retail partners to take advantage of interest-free finance. Some of the popular names on this list include IKEA, Dick Smith, Australian Outdoor Living, Rheem, Escape Travel, Goodyear and Aquanaut.
  • Easy access to funds. You can use this card to make regular purchases at EFTPOS terminals and to withdraw cash through ATMs, in just about any part of the world — all you have to do is look for the Visa logo. Making online and over-the-phone purchases and bills payments is easy when you use this card.
  • Easy access to account information. You can access account-related information at any time using Lombard’s online and phone banking platforms.

Features of the Lombard 55 Card

  • Annual fee. If you get the Lombard 55 Card you have to pay an ongoing annual fee of $99.
  • Interest-free shopping. When you use this card at select merchants you can look forward to making interest-free purchases. Keep in mind specific terms and conditions can vary from one merchant to the next.
  • Interest-free days. By paying your credit card account’s closing balance in full every month you can get as many as 55 interest-free days on purchases.
  • Free cash withdrawals. You don’t have to pay any ATM fees when you use this card to withdraw money from NAB and Redi ATMs.
  • Visa payWave. A number of retailers already accept payments using this technology, and anywhere you see the payWave sign, you can use your card to make contactless payments of under $100.
  • Eligibility to Apple Pay. You can now use your iPhone and Apple Watch in making secure purchases in store, in apps and on the web. Find out more about the Apple Pay feature here.
  • Tap2Pay. This technology allows you to use your Android smartphone to make contactless payments. Downloading the required app to your phone is simple and free, and it works with Kitkat 4.4.x and later versions. For payments exceeding $100, you’ll have to enter your PIN.
  • Card security. This card makes use of an embedded microchip as a deterrent against fraud. When your card details make it to the internet, Verified by Visa acts as a secondary line of defence, and you'll receive a request for certain personal information if any unusual activity is detected.

How to apply for the Lombard 55 Card

You can apply for the Lombard 55 online, and the application takes no more than a few minutes to complete. Before you begin, make sure you fulfill the required eligibility criteria, which are as follows.

Eligibility criteria

  • You’re at least 18 years old.
  • You’re a permanent Australian resident.
  • You earn at least $25,000 p.a.
  • You're employed permanent full-time, part-time or casual and work over 25 hours per week.
  • You can provide a valid email address.

Completing the information requires you to provide different types of information, so keep the following close at hand.

Required documents

  • Your driver’s license details
  • Residential details
  • Employment information
  • Details regarding your financials

The interest-free finance option that this card offers requires your attention, but remember to compare this card with similar offerings before making any kind of a decision.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

2 Responses

  1. Default Gravatar
    AndrewAugust 2, 2016

    What retailers can this card be used at

    • finder Customer Care
      MayAugust 2, 2016Staff

      Hi Andrew,

      Thanks for your inquiry.

      We actually do not have the list of retailers, but any retailer that you can see with a Visa or Visa payWave sign, you’ll be able to use your Lombard 55 Visa Card.

      Cheers,
      May

Credit Cards Comparison

Rates last updated November 13th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Qantas Premier Everyday
19.99% p.a.
4.9% p.a. for 24 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Citi Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months (reverts to 20.99% p.a.)
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.

Compare up to 4 providers

* 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.

Ask a question
Go to site