Qudos Bank Lifestyle Credit Card

The Qudos Bank Lifestyle Credit Card offers the best of both worlds with no annual fee and a low variable purchase rate.

The Qudos Bank Lifestyle Credit Card is a basic Visa product that offers an introductory interest rate of 4.99% p.a. for the first 5 months. After the introductory period, interest on balance transfers and purchases will accrue at the variable rate of 12.34% p.a. - one of the lowest variable rates on the market. This card also has no annual fee for life, offering you even more savings when compared to other products.

Product NameQudos Bank Lifestyle Credit Card
Balance transfer rate4.99% p.a. for 5 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Purchase Rate (12.34% p.a.)
Purchase rate (p.a.)4.99% p.a. for 5 months (reverts to 12.34% p.a.)
Annual fee$0 p.a.
Cash advance rate (p.a.)12.34% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$1,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$20,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.65% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$0 p.a.
Minimum Monthly Repayment2% of the outstanding balance or $20 whichever is greater
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.65% of transaction value
Overseas Cash Advance FeeUS $175
Overseas ATM Withdrawal Fee$2
Gambling Transactions AllowedNo
Additional Cardholder Fee$0

Benefits of the Qudos Bank Lifestyle Credit Card

  • No annual fee. Pay no annual fee ever with the Qudos Bank Lifestyle Credit Card. This credit card is one of the few products on the market to offer both a low purchase rate and no annual fee.
  • Introductory rate. All purchases and balance transfers will accrue interest at the low rate of 4.99% p.a. during the 5-month introductory period.
  • Low variable rates. The 12.34% p.a. variable rate of interest applies to transactions (including cash advances) made with the card after the introductory period ends.

Qudos Bank Lifestyle Credit Card features

The hallmark of a great card is the ability to provide great service and give the features customers want. The Qudos Bank Lifestyle Credit Card does all that and more.

  • Minimum repayment. Interest is calculated daily and charged to your account monthly. You will receive a statement each month and, if applicable, you’ll need to pay 2% of your outstanding balance by the statement due date.
  • Additional cardholder. Get a Lifestyle Visa for a family member to use at no extra cost. This additional card is linked to your account and shares your credit limit, but will have a different card number and PIN. As the primary account holder, you will be responsible for keeping the account in good standing.
  • No interest free days. Unlike most other cards, you don’t get interest free days when you pay off your balance each month. Qudos Bank offers this feature on both its Lifestyle Plus and Visa Platinum credit cards.
  • Credit limits. The minimum credit limit is $1,000 and the maximum credit limit is $20,000. This minimum credit limit is currently the lowest amount available for a no annual fee and low rate credit card.
  • Visa access. Visa is accepted by millions of merchants and ATMs worldwide.
  • Visa payWave. Use the Visa payWave feature at contactless terminals so you can tap to pay for items under $100 in seconds.
  • No liability for fraud. Visa guarantee you won’t be held liable for any unauthorised transactions detected on your account.
  • Mobile banking. Qudos Bank QActive Mobile and Tablet banking lets you check your account balance, pay bills, find Qudos branches and ATMs and more from Apple and Android devices.

How to apply for the Qudos Bank Lifestyle Credit Card

You can apply for the Qudos Bank Lifestyle Credit Card securely online in under 15 minutes.

Eligibility requirements

  • Age. You must be over the age of 18.
  • Residency. You must be an Australian citizen or permanent resident.
  • Credit history. You must not have been declared bankrupt.
  • Minimum income. Qudos Bank does not list a minimum income requirement for the Lifestyle Credit Card. To be eligible, you must have paid employment and be able to service the minimum credit limit of $1,000.

Required documents

To complete your online application, make sure you have the following documents and details on hand.

  • Identification. You will need to enter your driver’s licence number, Medicare or passport number to verify your identity with Qudos Bank.
  • Finances. You will be asked to provide details about your financial assets and liabilities on the online application. This includes information about property, savings, vehicles and superannuation entitlements as well as other credit card and loan balances, mortgage repayments, rent and child support payments.

The Qudos Bank Lifestyle Credit Card gives you value for money with no annual fee and a competitive variable rate of interest. While the variable rate is low, it’s not the lowest available, so make sure you compare low rate credit cards to find the right option for you.

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Credit Cards Comparison

Rates last updated March 26th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks. Ends 31 March 2019.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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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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