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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.

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.

Product NameQT Mutual Bank 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.
Offer end date31 January 2018
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.
$2,000
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.
$15,000
Minimum Income$25,000
Card TypeMastercard
Late Payment Fee$10
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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.
$2,000
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.
$15,000
Annual Fee$49 p.a.
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee $3.50 (or 3.50% of amount when >= $100)
Overseas Cash Advance Fee$5.00
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
MailYes

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.

How to apply for QT Mutual Bank Low Rate Mastercard

If QT Mutual Bank Low Rate Mastercard is ideal for your needs you can click ‘apply now’ on their site. Please ensure the following criteria are met before applying for the card:

Eligibility criteria

  • You should be at least 18 years of age
  • You must have a good credit rating and a taxable income of at least $15,000 per year
  • You should be a permanent Australian resident

Required information

  • Personal details
  • Contact details
  • Job details
  • Personal income and expenses
  • Maximum credit limit required

All the features of QT Mutual Bank Low Rate Mastercard have been included to ease your credit card spending, with competitive rates, a low annual fee and protection for purchases you make using your card.

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* 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.

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