Qudos Bank Lifestyle Credit Card

Get an introductory interest rate of 4.99% for the first 5 months and pay no annual fee ever.

The Qudos Bank Lifestyle credit card offers a $0 annual fee and the same interest rate for all transactions. After the first 5 months, the introductory interest rate reverts to a variable rate of 12.34% p.a.

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Amy Bradney-George

Last Updated Nov 5, 2020

4.99% p.a.

Balance transfer rate

for 5 months

4.99% p.a.

Purchase rate

for the first 5 months (reverts to 12.34% p.a.)

$0 p.a.

Annual fee

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Details

Product Name	Qudos Bank Lifestyle Credit Card
Balance transfer rate	4.99% p.a. for 5 months
Balance transfer revert rate	Purchase Rate (12.34% p.a.)
Purchase rate	4.99% p.a. for 5 months, reverts to 12.34% p.a.
Annual fee	$0
Interest-free period
Cash advance rate	12.34% p.a.
Min credit limit	$1,000
Max credit limit	$20,000
Card type	Visa
Foreign currency conversion fee	3.65%

Available to temporary residents	No
Joint application	No

Pros

$0 annual fee
4.99% for 5 months on balance transfers and purchases
Free supplementary cards

Cons

No interest-free days on purchases

Bonus points	N/A

Annual fee	$0
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Foreign currency conversion fee	3.65%
Additional cardholder fee	$0

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Qudos Bank Lifestyle credit card offers you simple, low-cost access to credit, with no annual fee and the same low interest rate for all transactions. As it doesn’t offer any interest-free days, this card is more suited to people who carry a balance from month-to-month (compared to those who regularly pay the balance in full).

The Qudos Bank Lifestyle credit card also offers tap-and-go payments, 24/7 card protection services and your choice of two card designs.

How to apply

You can apply for the Qudos Bank Lifestyle credit card online by filling out a secure application form. Get started by checking that you meet the eligibility criteria and have all the details you need to complete your application.

Eligibility criteria

Employment. You must currently have paid employment.
Residency. You must be an Australian citizen or permanent resident.

Bankruptcy status. You must not have been bankrupt.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, phone number, residential address, marital status and number of dependents. You also need to provide a valid form of ID, such as your driver's licence number.
Employment details. This covers your job title, before-tax and after-tax salary information, how long you have been employed at your current job and your employer's contact details. You may also need to provide supporting documentation, such as recent payslips or an income statement.
Financial details. This includes any other forms of income, savings and other assets, as well as existing debts, loans and cards. You also need to provide details of your regular household expenses, including rent or mortgage payments, utility bills and grocery shopping.

Card benefits

$0 annual fee. You'll never pay an annual fee on this card.
Introductory interest rate. Take advantage of a interest rate for the first 5 months from the date your account is approved. At the end of the introductory period, the interest rate reverts to a variable rate of 12.34% p.a.

Same interest rate for all transactions. While many credit cards charge different interest rates for purchases, cash advances and balance transfers, this card only has one interest rate. This can help you calculate your interest costs and budget for repayments.
Visa benefits. Enjoy tap-and-go payments through the Visa network and get access to exclusive offers on travel, dining, entertainment and shopping around the world through Visa Offers + Perks. You can visit the Visa website to browse current offers.
Security features. This card offers 24/7 card-monitoring through ORION to help keep your account safe, access to Visa's worldwide emergency hotline and Visa Zero Liability for fraudulent transactions.
Mobile payments. Whether you have an Android or Apple device, you can make contactless payments with your smartphone when you link your Qudos Bank Lifestyle card to your Google Pay or Apple Pay account.

Rates & fees

Additional cardholders. There is no annual fee for additional cardholders that you add to this account.
Currency conversion fee. A fee of 3.65% applies when you make transactions overseas or online in a foreign currency. Note that this fee may apply even if an online store shows the price in Australian dollars but process the payment in a foreign currency.

Minimum repayment. You'll be required to pay a minimum repayment of 2% by the due date each statement.

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Qudos Bank Lifestyle Credit Card