Summerland Low Rate Credit Card

Enjoy a 0% p.a. interest rate on balance transfers for 9 months and a $0 annual fee in the first year.

The Summerland Low Rate credit card comes with a variable interest rate of 11.99% p.a. for purchases, with up to 55 days interest-free available if you pay your account balance in full by the due date on each statement.

0% p.a.

Balance transfer rate

for 9 months

11.99% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($49 p.a. thereafter)

55 days

Interest free period

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Product NameSummerland Low Rate Credit Card
Balance transfer rate0% p.a. for 9 months
Balance transfer revert ratePurchase Rate (11.99% p.a.)
Purchase rate11.99% p.a.
Annual fee$0 annual fee for the first year ($49 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate15.99% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • $0 first year annual fee
  • 0% p.a. on balance transfers for the first 9 months with no balance transfer fee


  • A transaction fee of 3% is charged for online or overseas purchases made in a foreign currency using this card.
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($49 p.a. thereafter)
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Late payment fee$0
Foreign currency conversion fee3%
Cash advance fee$3.50

Review by

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 Summerland Low Rate credit card offers a $0 annual fee in the first year, which then reverts to a competitive $49. Both the annual fee and the 11.99% p.a. interest rate are on par with those of other low rate credit cards.

How to apply

You can apply for the Summerland Low Rate credit card online. To get started, make sure you meet the following eligibility criteria and have all the documents and details required for the application.

Eligibility criteria

  • Employment. You must currently have paid employment to apply for this card.
  • Residency status. You must be an Australian citizen or a permanent resident with rights to work in Australia.

Card benefits

  • Balance transfer offer. The Summerland Low Rate card offers 0% p.a. for 9 months on balance transfers with no balance transfer fee when you request the transfer at the time of your application. At the end of the introductory period, any remaining balance transfer debt will attract the card’s variable purchase rate, currently 11.99% p.a. Note that interest-free days do not apply when you carry a balance transfer debt.
  • 11.99% p.a. on purchases. If you want to make purchases with this credit card, the 11.99% p.a. variable interest rate could help keep interest charges down when compared to cards with higher standard purchase rates.

Rates & fees

  • Annual fee. This card offers a $0 annual fee in the first year and then charges a $49 annual fee after that. The cost of the annual fee will then apply each year around the date that you opened the account.
  • Foreign transaction fee. A 3% fee applies for transactions that are made in a foreign currency and converted to Australian dollars. This can include transactions made overseas as well as online transactions that are processed overseas.

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