MyState Financial Low Rate MasterCard

Not yet rated

MyState Financial has been offering financial services to customers for nearly 50 years. They have designed a Low Rate credit card for their customers who are looking for a simple way to manage their personal finances.

Product NameMyState Financial Low Rate Mastercard
Balance transfer rate (p.a.)0% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)12.99% p.a.
Annual fee$49 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% 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.
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Card TypeMastercard
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$49 p.a.
Minimum Monthly Repayment2% or $30 whichever is greater
Late Payment Fee$10
Cash Advance Fee$3.50 (or 3.50% of amount when >= $100)
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Number of Additional Cardholders4

MyState Credit Card Rates

This credit card offers very competitive rates that will be very beneficial to customers that are looking for a cheap credit card that allows them to save money and help to pay off some of their debt.

With this card, you will have a 12.99% p.a. on purchases and a 21.74% p.a. rate for cash advances. Also, your annual fee will be $49. You will be able to add as many as 4 additional credit cards to your account for no charge.

What Else Will I Get With The MyState Financial Mastercard?

With the Gold card, you will be eligible to receive complimentary insurance that will cover you for interstate travel against flight cancellations and against lost, delayed or damaged luggage. You will also have complimentary overseas travel, and will be covered against any unexpected cancellations or delays, hospital and medical expenses, damage or loss of personal items and for the excess of your rental vehicle, and more. This insurance will cover you and your family.

In addition to all of this, you will have complimentary purchase cover for both the Silver and Gold cards. This covers items that you have purchased for a period of three months, and covers them against loss, theft or even damage. The items must be purchased with your MyState Low Rate Mastercard.

Is This Credit Card Right For Me?

As with every credit card, it is important that you find a card that is right for you. If you are able to pay your balances off every month, then yes, this card is a good option. This Low Rate Mastercard has competitive fees, great insurance and you can add additional cards for no charge.

But you do have to make sure that you are able to pay your balances every month, or the interest charges will be very high. If you do have current credit card debt, then you should consider using this credit card for its introductory balance transfer rate. It can help you reduce and even clear your credit card debt, so that you can regain control of your finances.

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

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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 Terms and Conditions and Privacy Policy.

6 Responses

  1. Default Gravatar
    mike16546April 14, 2015

    Hi, which is the best credit card?


    • finder Customer Care
      JonathanApril 14, 2015Staff

      Hi Mike16546, thanks for your inquiry!

      The best credit card would depend on your personal needs and situation. Please refer to the following link for a list of best credit cards depending on your needs.



  2. Default Gravatar
    RichardOctober 16, 2014

    can a debit card be used as a credit card or Vice Versa???

    • finder Customer Care
      ElizabethOctober 16, 2014Staff

      Hi Richard,

      Thanks for your question.

      You’re unable to use a debit card as a credit card as you have to have available funds to make purchases. With a credit card you can make purchases up to your approved credit limit with having no money directly loaded onto the card.

      I hope this has helped.



  3. Default Gravatar
    MarianAugust 25, 2014

    I need a credit card which will also cover myself and my husband for travel overseas.
    I notice that some of your cards mention travel insurance. Is there an age/medical limit on cover?
    I already have a MyState Silver coloured card.
    We are traveling to New Zealand in December and to Norfolk Island next June

Credit Cards Comparison

Rates last updated July 22nd, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
American Express Westpac Altitude Platinum Bundle - Exclusive Offer
20.24% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 90,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
NAB Low Fee Platinum Card - Exclusive Amazon Offer
19.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$90 p.a.
finder Exclusive: 10% cashback with for 12 months (capped at $25 per month). Plus, 0% p.a. on balance transfers for 24 months.
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.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards 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