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Credit Cards
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Find all the features listed to make the best choice possible.
 0% Purchase Rate for 3 months ~ 0% Balance Transfer rate for 3 months ~ Low Annual Fee ~ Up to 3 free additional cardholders. |
 Balance Transfer rate reverts to 20.99% after 3 months. |
| 0% Intro Rate and low ongoing Interest Rate 13.39% ~ 0% on Balance Transfers for first 3 months ~ 3 free additional cardholders. |
Balance Transfer rate reverts to 13.24% after 3 months. |
| 0% Introductory Rates for 4 months~1.25 points per $1 spent on purchases~ Comp travel insurance~ Half-price Annual Fee 1st year. |
After 4 months Balance Transfer Rate is 21.49% and Purchase Rate 20.74% |
| 0.99% p.a. on Balance Transfers for up to 6 months. |
| Low Interest Rate~3.99% p.a for 6 months on Balance Transfers~Complimentary Insurance~Low Annual Fee for Platinum card |
After 6 months the Balance Transfer Rate reverts to 21.49%. |
| 0% p.a. for 6 months on retail purchases, 11.99% p.a. thereafter. |
| 1.9% p.a.Balance Transfer rate for 6 months ~ 2 Rewards points per $1 spent ~ 50,000 bonus pts. |
Half Annual Fee for Life Time is $99. |
| 4.99% p.a. Balance Transfer rate for 12 months ~ Australia's Cheapest Credit Card! |
No Rewards program. |
| No Annual Fee EVER ~ 4.99% p.a.~ Balance Transfer rate for 12 months ~ Travel insurance. |
No Rewards program |
Low Interest Credit Cards
Low interest credit cards have an interest rate below the standard 19-21%.
They can be a great answer to your purchasing needs but watch out: all that glitters is not gold and it's important to be aware of the pluses and the negatives with these cards.
The Pluses of Low Interest Rate Credit Cards
Low interest rates mean that you can spend on your credit card in the knowledge that you will be paying a lower percentage amount of interest on those purchases than the standard rates.
This can give you the freedom to use your card more often and they can also be a good choice if you are just starting out in the credit card world and are not used to buying items on credit.
Sometimes Australian banks offer low interest rate credit cards with an introductory rate – which may even be 0% - that will go up after the introductory period of, say 6 months or 12 months, ends. Make sure you are fully aware of the expiry dates.
Possible Negatives of Low Interest Credit Cards
If you sign up for one of the low interest rate credit cards offering an introductory "teaser" rate, check what the rate reverts to after that period expires. It can jump from 0% to over 20% from one day to the next.
If you are not the type of credit card user to check statements and dates carefully these low introductory rates can quickly turn into a debt trap. It may be better to opt for an ongoing low interest card, where the rate is around, say 13%.
You also need to have the financial know-how and discipline to change deals if the low interest rate expires and you have a large balance remaining: trabnsfer the balance to a low rate card before the interest payments spiral.
Also, check ALL the card features - not just the APR.
A low interest rate is great but what if you want to take cash out from the ATM on your credit card and the cash advance rate is astronomical or the annual fee is really high?
As with all credit card applications, make sure you read the fine print with low interest credit cards.
The Lower Bills Promise
We can't promise you'll be approved but we can promise to provide you with the right information so that you apply for the best credit cards possible!
Disclaimer: LowerBills.com.au is a third party reviewer of Australia's financial sector and has no direct affiliation or legal liability with Australian banks. While we make a modest attempt to be up to date and accurate on all published material, there is an inherent delay between the banks and us.
LowerBills.com.au collects information for many Australian credit card products; please note that this data represents only a limited group of credit cards available in the Australian market. We recommend you seek the advice of your own financial adviser before making a decision on a product from the information you have obtained from this website.
