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Bank Australia

Lowest rate credit card that comes with no late payment fees and a low annual fee

Bank Australia Low Rate Visa

Balance transfer

0% for 180 months

Purchase rate

12.99%

Annual fee

$59 per year

The Bank Australia Low Rate Visa credit card features the bank’s lowest ongoing interest rate of 12.99% p.a effective 30 January 2025. Annual fee is $59 plus, 0% on balance transfers for 6 months. You can use your card wherever Visa is accepted and enjoy the convenience of mobile payments when you link your card with Apple Pay, Google Pay or Samsung Pay.

HIGHLIGHTS

The Bank Australia Low Rate Visa credit card boasts one of the lowest purchase interest rates on the market. This will help minimise your interest costs if you regularly carry a balance from month to month. It’s also one of the few cards to also charge a low interest rate on cash advances.

Main features

Rate type

Rate %

Duration

Purchases

12.99% p.a.

Fees

Fee type	Fee %	Min fee $
Cash advances	-	$3.5

Fixed Fees

Fixed fees	Fee $	Fee amount
Annual fee	$59	per year
Monthly fee	-	-

MORE INFORMATION

The Bank Australia Low Rate Visa Credit Card is offering one of the lowest rates on the market right now. This card could provide you with huge savings on your balance, depending of course, on how much you owe and your current interest rate.

Unlike other bigger banks, which are owned by its shareholders – such as the Big Four, for instance – Bank Australia is owned by its customers. So, instead of aiming to please its shareholders with profits, it can return those profits back to its customers in the form of better fees and rates, while also making investments to create positive social and environmental change.

As a customer-owned bank, it uses its customers’ money in responsible ways, by creating positive impact for people, their communities and the planet. So, if you choose to apply for a card from Bank Australia, you could become a part-owner in the bank’s 927-hectare Conservation Reserve – a world-first for a bank.

TERMS & CONDITIONS

No hidden fees and charges. Terms and conditions apply. Applicants must be at least 18 years old. This card is only available to Australian citizens or permanent Australian residents. You’ll need to have a good credit score and have maintained a healthy credit history for the past 5 years. You must be currently employed and earn a regular income.

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