The Auswide Bank Low Rate Visa offers a 10.99% p.a. variable interest rate for purchases and cash advances and up to 55 days interest-free on purchases if you pay the full closing balance by the due date on each statement. Its $50 annual fee is similar to other low rate cards and is waived for anyone under 25 years old. Its other features are typical of most credit cards, including worldwide acceptance, zero liability for fraudulent transactions and access to Visa Offers + Perks.
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Auswide Bank Low Rate Credit Card
Terms and conditions apply
- Balance transfer rate for 12 months with no balance transfer fee
- 0% p.a.
- Purchase rate
- 10.99% p.a.
- Annual fee
- $50 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers a 10.99% p.a. interest rate for purchases and cash advances, with a $50 annual fee.
Pros
-
Low variable interest rate of 10.99% p.a. on purchases and cash advances
-
0% p.a. for 12 months on balance transfers
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The $50 annual fee can be waived if you're under 25 years old
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Up to 55 days interest-free on purchases
Cons
-
No rewards program so you won't be rewarded for spending
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No interest-free days on purchases while you're paying off a balance transfer
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Charges a 3% foreign transaction fee
Details
Product details
| Product Name | Auswide Bank Low Rate Visa Credit Card |
| Balance transfer rate p.a. | 0% for 12 months, then 10.99% |
| Balance transfer limit | 80% of available limit |
| Purchase rate p.a. | 10.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 10.99% |
| Min credit limit | $500 |
| Max credit limit | $50,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Minimum income | $30,000 |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | $50 |
| Minimum monthly repayment | 3% of the closing balance or $30, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | $3.50 |
| Overseas cash advance fee | $5 |
| Additional cardholder fee | $0 |
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Amy Finder
Editor
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