QT Mutual Bank Low Rate Mastercard Rates & Fees

Get a low purchase rate of 12.99% p.a. with the QT Mutual Bank Low Rate Mastercard.

Important information

The Queensland Teachers Mutual Bank Low Rate Credit Card is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested. You can compare the current range of low rate credit cards here.

QT Mutual Bank Low Rate Mastercard provides lets cardholders take control of their credit card spending with a competitive rate of 12.99% p.a. on all purchases. The other features of this card, including interest-free days and complimentary purchase protection, are currently available for an annual fee of $49.

QT Mutual Bank Low Rate Mastercard review

This card is built for the modern consumer with flexible features for a low annual fee of $49 for the life of the card, normally $75. User convenience is a priority, with card replacement of lost or stolen cards within 24 to 48 hours available at no cost.

An option to get 4 additional free cards is a useful feature for larger households and helps in controlling total purchases. Free purchase protection on any new items and initial interest-free days are additional features which make this card attractive for shoppers.

Benefits of QT Mutual Bank Low Rate Mastercard

  • Competitive purchase rate. The card comes with a purchase rate of 12.99% p.a. This can help reduce the interest costs if you don't plan on paying your balance back in full each statement period.
  • Low annual fee. For access to the features you have with this card, you'll need to pay an annual fee of $49 for the life of the card, normally $75.
  • Interest-free days. If you pay your balance off in full for two consecutive months, you'll be able to enjoy up to 55 days interest-free days on retail purchases.

Features of QT Mutual Bank Low Rate Mastercard

  • Purchase rate. The QT Mutual Bank Low Rate Mastercard has a purchase rate of 12.99% p.a.
  • Cash advance rate. If you use your card to withdraw cash from an ATM, a 21.74% p.a. rate will apply.
  • Interest free days. Receive up to 55 when you pay your closing balance in full for two consecutive months.
  • Replacing lost or stolen cards. QT Mutual Bank Low Rate Mastercard assures replacement of lost or stolen cards within 24 hours in Australia and 48 hours overseas without any extra charges.
  • Additional free cards. New cardholders can obtain up to 4 additional free cards. Share the benefits of your card with members of your household and reduce the costs of separate credit card account fees.
  • Free purchase protection. The card also provides free purchase protection for all new items purchased in case they are lost, stolen or damaged within three months.
  • Low balance transfer rate. The card also comes with a balance transfer rate of 0% p.a. for the first 12 months.
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