Low Interest Rate Credit Cards

Research and compare low rate credit cards through Credit Card Finder’s interactive table.

Comparing low interest rate credit cards can provide a lower interest credit solution giving you the flexibility and convenience to spend and make purchases on your credit card whilst taking advantage of lowest interest repayments.

To help in choosing which card to apply for, we have listed below low interest VISA, MasterCard and American Express credit cards.

We have provided all the information you need below to give you the knowledge and confidence to apply for your low interest credit card. You could begin saving money and reducing your credit card debt.

ANZ Low Rate - Low Interest Rate Offer

Low Interest Rate Credit Card Offer

The ANZ Low Rate offers a low interest rate on purchases.

  • 0% p.a. on balances transferred from non-ANZ cards to a new card for the first 16 months. The standard balance transfer interest rate (currently 13.49% p.a.) will apply to any unpaid Promotional Plan balance at the end of the first 16 months
  • $58 p.a. annual fee
  • Up to 55 interest free days on purchases
  • Up to 3 additional cardholders at no additional fee
  • MasterCard acceptance at over 35 million locations worldwide

    Comparison of Low Interest Rate Credit Cards

    Rates last updated December 19th, 2014

    Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
    ANZ Low Rate
    ANZ Low Rate
    Save with a low rate on purchases and balance transfers with a low annual fee and ongoing purchase rate. 13.49% p.a. 0% p.a. for 16 months $58 p.a. up to 55 days Go to site More info
    NAB Low Rate Credit Card
    NAB Low Rate Credit Card
    A credit card with an introductory offer on purchases reverting to a low ongoing rate. 0% p.a. for 15 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. up to 55 days Go to site More info
    Westpac Low Rate Card
    Westpac Low Rate Card
    A simple low interest rate card featuring a low ongoing rate on purchases, up to 55 days interest free on purchases and a low annual fee. 13.49% p.a. 0% p.a. for 16 months $59 p.a. up to 55 days Go to site More info
    American Express Low Rate Credit Card
    American Express Low Rate Credit Card
    Take advantage of a competitive interest rate, a balance transfer offer and a unique card design. 11.99% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $65 p.a. up to 55 days Go to site More info
    ME Bank Low Rate Credit Card
    ME Bank Low Rate Credit Card
    A low interest rate on purchases and cash advances with no annual fee charge. 9.99% p.a. $0 p.a. up to 55 days More info
    Bank of Melbourne Vertigo Visa Credit Card
    Bank of Melbourne Vertigo Visa Credit Card
    A low purchase rate offer from Bank of Melbourne. Also benefit with other features including a low ongoing purchase rate and low annual fee. 0% p.a. for 12 months (reverts to 13.24% p.a.) 3.99% p.a. for 6 months $55 p.a. up to 55 days Go to site More info
    Bankwest Breeze MasterCard - Exclusive Offer
    Bankwest Breeze MasterCard - Exclusive Offer
    Exclusive Offer to finder.com.au
    Enjoy interest-free shopping for 13 months with 0% p.a. on purchases.
    0% p.a. for 13 months (reverts to 12.24% p.a.) $59 p.a. up to 55 days Go to site More info
    St.George Vertigo Visa
    St.George Vertigo Visa
    A low rate shopping credit card offering a low ongoing rate on purchases plus a low introductory purchase rate offer. 0% p.a. for 12 months (reverts to 13.24% p.a.) 3.99% p.a. for 6 months $55 p.a. up to 55 days Go to site More info
    BoQ Low Rate Visa Card
    BoQ Low Rate Visa Card
    A credit card with a low annual fee, plus low rate on balance transfers and purchases. 13.49% p.a. 0% p.a. for 6 months $0 p.a. annual fee for the first year ($55 p.a. thereafter) up to 55 days Go to site More info
    St.George Vertigo Platinum
    St.George Vertigo Platinum
    A platinum card with a low interest rate on balance transfers and purchases with a low annual fee. 0% p.a. for 12 months (reverts to 12.74% p.a.) 3.99% p.a. for 6 months $99 p.a. up to 55 days Go to site More info
    Citibank Clear Platinum Card
    Citibank Clear Platinum Card
    Enjoy the benefits of Visa Platinum, with a low annual fee and a great introductory offer on purchases and balance transfers. 0% p.a. for 9 months (reverts to 13.99% p.a.) 0% p.a. for 9 months $49 p.a. annual fee for the first year ($99 p.a. thereafter) up to 55 days Go to site More info
    ANZ Low Rate Platinum Credit Card
    ANZ Low Rate Platinum Credit Card
    Platinum card features including overseas medical and travel insurance together with a low interest rate on purchases. 13.49% p.a. 0% p.a. for 16 months $99 p.a. up to 55 days Go to site More info
    BankSA Vertigo Visa
    BankSA Vertigo Visa
    A low rate credit card, with a low purchase offer from BankSA. 0% p.a. for 12 months (reverts to 13.24% p.a.) 3.99% p.a. for 6 months $55 p.a. up to 55 days Go to site More info
    Citibank Ready Credit - Fixed Payment Option
    Citibank Ready Credit - Fixed Payment Option
    A special introductory Fixed Payment Option from 8.99% p.a. rate for 48 months, plus no annual fee. 8.99% p.a. for 48 months (reverts to 19.49% p.a.) $0 p.a. Go to site More info

    Complete guide to low interest credit cards

    What is a low interest rate credit card?

    A low interest credit card is a card under a certain Annual Percentage Rate (APR or % p.a.) issued to its users as a system of payment, allowing the user to pay for goods and services with a line of credit. There is no defined APR but Paul Clitheroe, finance analyst from Money magazine believes that a credit card below 15% p.a. is a good indication.

    What is credit card interest?

    Credit card interest are the repayments made back to the financial institution for lending you credit. The longer you take to repay the sum, typically the more interest you will need to pay. The longer it takes to repay a purchase or cash advance, the more interest will be accumulated.

    Credit card interest rates are also known as APR and are given in figures of p.a. but is accumulated daily as a Daily Percentage Rate.

    What is credit card interest?

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    What types of low interest credit cards are there?

    • Standard low interest rate. According to Paul Clitheroe, these include credit cards that are often below 14% p.a. and often have a low annual fee.
    • Low interest rate with introductory purchase rate. While these cards maintain a low interest rate, their purchase rate may not. The purchase rate is important to note because that will be the interest you pay back on your purchases. Make you sure know how long the introductory period and exactly what the rate will revert back to after that period.
    • Introductory purchase rate only. This type of credit card will revert back to a high interest rate at the end of the introductory period.
    • Premium low interest rate. While this credit card has a low interest rate it will also provide some platinum perks such as complimentary travel insurance.
    • No-frills low interest rate. This type of credit card has all the non-essential features removed to keep the price low. There is usually a low annual with no interest free days.
    • Low interest rate with introductory balance transfer rate. If you have a leftover balance after a balance transfer offer expires the balance will generally revert to the standard purchase rate although in some cases this will revert to cash advance rate.

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    How does a low interest credit card work?

    If you find that you are not able to pay off your credit card balance every month in full, low interest rate credit cards are your best choice in a card. You do not have to pay an enormous amount of interest if you carry a balance forward from month to month any longer. Gone are the days when a 20% interest rate was acceptable. You can find very low rate cards that are packed with extra features to help keep your debt under control.

    Any time you make a purchase with the credit card you are borrowing money and using credit. You have the option of repaying the entire amount when you receive your statement by post, or you can pay a smaller amount and carry the rest of the balance over to the next month. You will be required, however, to pay at least the minimum requirement, which is usually 2% of the entire balance.

    If you decide to use credit and borrow the money for a month you will have to pay an interest charge,. This interest is different from card to card, and it is up to you to do a card comparison to find the best low interest credit cards you can.

    • Apply for a low interest card with a 0% for 6 months balance transfer offer. A balance transfer allows you to transfer your existing card’s balance on to your new low interest credit card and pay 0% p.a. interest for 6 months. At the end of the balance transfer period interest rate on the balance will return.
    • Pay less interest on credit card purchases. With a low rate, when you make purchases on your card and if you don’t pay them back within the interest free period, you will be charged interest but at a lower rate meaning you will have a reduced interest repayment.
    • More affordable for making purchases on your card. You are able to make big purchases on your card and repay them at a low interest rate, keeping down your credit card balance.
    • Reduce your credit card balance and repayments. As Paul Clitheroe recommends, if you have a credit card with 15% interest or more, you should opt for a balance transfer to a lower rate credit card to pay off your existing card
    • Ideal if you have a revolving credit balance. If you don’t completely pay off your card balance each statement, then it is important to have a low interest rate to ensure you pay the least amount of interest to your bank, taking advantage of low interest rates and saving you money in the long run.

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    What types of interest are charged on a low interest card?

    • Purchase interest. This is the interest charged on your purchases – whether it be buying groceries at the supermarket, direct debits for bills (eg: memberships, or paying bills by credit card. On this page we have highlighted the purchase interest rates from each credit card in the table above to make it easy for you to compare the cards with the lowest purchase rate.
    • Cash advance interest. When you withdraw money directly from your credit card this is known as a cash advance. Cash transactions include ATM withdrawals, transferring funds from your low interest card to another bank account using telephone or internet banking
    • Special interest. Special interest refers to interest charged on other amounts or transactions including balance transfers.
    • Interest on interest. This is interest that is charged on any outstanding balance on your card as a result of the above three types of interest above, and is charged on your outstanding balance from your last statement period.

    How is interest calculated on a low interest rate credit card?

    The diagram below explains how interest is calculated on your credit card.

    Diagram explaining how credit card interest calculated

    How much money will I save by applying for a low interest card?

    Citibank Clear Platinum credit card ANZ Platinum credit card
    Interest Rate 13.99% p.a. 19.74% p.a.
    Credit Card Balance $1,000 $1,000
    Minimum Repayment 2% = $20 2% = $20
    You’d pay $1,393 $2,055
    Over 5 years 10 months 8 years 7 months
    Difference $662 over an extra 2 years and 9 months

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    What happens when I make a transaction?

    When you read the advertising for low rate interest cards you might assume that this rate is applied to all the transactions you make. This gets a lot of people into trouble because they don’t realise that the rate only applies to purchases and not to any other transactions necessarily. Most cards have a separate interest rate for cash withdrawals, balance transfers and other transactions done on the card. If you are not aware of what interest rates apply, you can end up getting quite a surprise at the end of the month when you receive your statement.

    Another thing you should know is that a cash withdrawal does not only apply to taking money out of an ATM machine, but it also applies to buying traveller’s checks, foreign currency and making any type of gambling transaction.

    If you use your credit card abroad you may have to pay extra fees. Almost all credit cards have a foreign transaction fee, which is charged whenever the card is used overseas. Usually this amount is about 2.75% of the total transaction amount.

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    How to compare low interest rate credit cards

    Here are some of the most important things you should look for when doing a card comparison.

    • Annual fee. Try to find the best card that meets your needs and has the lowest annual fee. The annual fee should not be a deciding factor for choosing the right low interest rate credit cards, but if you find two cards that are very comparable the one with the lowest annual fee should win.
    • Interest rate. When you are comparing interest rates you want to look for the lowest APR. This is the annual percentage rate including the annual fee and interest charges. It is especially important to find low interest rate credit cards if you are not able to always pay off your balance in full every month and will probably have to pay some interest charges from time to time.
    • Introductory rates and balance transfers. You may be able to find a great deal on a card with very low introductory rates. Some cards will even offer a 0% interest rate on purchases or balance transfers for a limited amount of time. If you want to transfer a debt over from an existing card, or have a big purchase that you want to make, you may want to look for one of these deals. If you use smart shopping to pick out the best low rate credit cards, you will come out ahead in the end.
    • Revert rate. After the introductory period of your balance transfer or purchase rate, it is essential to know what the rate will revert to. Sometimes it can revert back to the cash advance rate, which on average can up to 20% more. By reading through the terms and conditions properly, you will save yourself from any nasty shocks.
    • Hidden fees and charges. You should find out what types of fees and charges apply to the card. You will be able to find out this information by reading the small print on the website before you fill out your application. You may be charged a fee for using an ATM, for using your credit card abroad or for various other transactions. If you find out all about these charges then you’ll be better prepared to use your card resourcefully.
    • Interest free days. If your credit card doesn’t have an interest free day period then you will immediately get charged interest. Have a look out for any offers like 55 days interest free days, but please keep in mind that these offers usually apply when you’ve paid back the balance in full by the due date listed on your statement.

    What does 55 interest free days really mean?

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    Are low interest rate credit cards suitable for you?

    Low interest rate credit cards are suitable for people that cannot always pay off the balance every month. Many Australians are in that situation right now and that is why these low rate cards are so popular. It is nice to know that you are covered if you can’t make the whole payment one month, and that’s what a credit card is supposed to represent anyway: a form of security when times get a little rough.

    Getting the right credit cards to meet your shopping and repayment needs is key to saving the most money. Credit card policies are not a one size fits all deal. What saves the most money for one consumer might actually cost another consumer hundreds of dollars more than they should be spending.

    You should look into a low interest credit card if this describes your spending and payment habits:

    • You use your card regularly to make frequent purchases
    • You make your payments on time, but typically don’t pay them off in full
    • You have a good, well established, credit history
    • Your income is stable and consistent

    Getting qualified for low interest rate credit cards can be difficult, but it is well worth it if you use your card a lot and tend to have a balance from month to month. You will need to have a strong credit score and credit history to qualify for these cards. If you think you can qualify for them they are well worth the time to look at, since credit card companies are willing to offer better deals in exchange for a reliable consumer base.

    You should consider staying away from low interest rate credit cards if any of this describes you

    • You don’t use your card very often
    • You tend to use your card to make large purchases and pay them off right away
    • You almost always pay your balance in full from month to month
    • You always pay off your balance before the end of interest free periods
    • You are looking for a way to consolidate and transfer your balance to another card
    • You have little or no credit history
    • Your credit history is poor
    • You have had problems in the past making payments on time
    • You have been unable to meet past credit card payments due to a lack of money

    Low interest credit cards do not meet the needs of every consumer. They are great for people who regularly use their credit cards and tend to always carry a balance. Consumers who keep a credit card to use on rare occasions for large purchases should probably not pick a low rate credit card. Especially not if you plan to pay the balance off in a short amount of time – you may be interested in a balance transfer instead.

    More about balance transfers

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    Tips to help you compare and choose a low interest rate credit card

    Low interest rate credit cards imply that, even if you don’t pay off the bill in full each month, you don’t get slammed with big interest charges on the unpaid balance. Choosing a low interest rate credit card can seem like a no brainer. But getting the most benefit can actually require a lot of research.

    • Check for extras. See if there’s a loyalty offer attached. Some banks or building societies will offer an even lower interest rate if you have a current account and a credit card with them, in other words, if you have more of your business with them.
    • What is the nature of your transactions? If you’re going to use your low rate credit cards to get money from an ATM, buy foreign currency or travellers’ cheques, do a little gambling or get cash at the supermarket checkout, look for a card that offers a low interest rate on cash transactions because not all of them do. Otherwise, it’s best to use your debit card. A debit card avoids any interest charges on cash transactions and there are no handling fees. With some credit cards, it’s best to check out the fine print thoroughly. Some cards make you pay off your purchase and balance transfer transactions before you can pay off your cash transactions.
    • Other fees. Always remember to ask that most basic of questions – is there an annual fee? Don’t make the mistake of thinking the low interest rate on your card is always fixed. Most rates are variable and move in line with changes to the cash rate announced by the Reserve Bank of Australia.

    When low rate cards should stay in your wallet. Low rate cards are not good for large one-off purchases like white ware for the home or big pieces of furniture. If you’re going to make those kinds of purchases, do it with an introductory rate credit card, which sometimes give you 10 months’ worth of credit at a zero interest rate. Nor are low rate credit cards good for balance transfers where you’re trying to consolidate all your credit card debt onto one low rate card.

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    Pros and cons of a low rate credit card


    • You pay less interest on purchases you make after the interest free period passes.
    • If you’re a regular credit card user who doesn’t clear their balance each month then you could save a lot in interest charges, compared to a card that has a higher rate.
    • If you want to reduce and consolidate your credit card debt, low interest credit cards can help. You may be able to combine all your credit card balances onto one card and reduce the balance.
    • Sometimes its may be possible to pay zero interest on balance transferred, for a set period of time. If you’re committed to paying off your debt, then a low rate credit card is a good place to start.


    • You need to know what type of purchases will qualify for your low interest rate. If your applying for a balance transfer with zero percent, the low introductory rate only applies to amount that you’ve transferred from your previous card.
    • Even with low interest, timely payments are very important, some credit card companies could revoke the introductory rate period and charge a higher rate.
    • You have to do your homework, while low interest rate cards can be a great benefit if used properly, they can a huge disadvantage if you don’t fully understand them.

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    Frequently asked questions

    • What is considered a low interest credit card? Paul Clitheroe, finance analyst from Money magazine believes that a credit card below 15% p.a. or 15% APR can be considered a low interest credit card.
    • I have bad credit – can I still get a low interest card? Most credit card providers require a strong credit history to be eligible for a low interest credit card.
    • When is purchase interest charged? For cards with an interest free period, interest is charged on the last day of your statement period. Purchase interest is charged from the day the transaction takes place until the end of the statement period.
    • Are there any low interest rate credit cards suitable for students? There are a few, please refer to this page for our featured student cards.
    • What are interest free days? Interest free days allow you a grace period to avoid paying interest on your credit card by paying back your credit card balance, in full, by the specified due date.
    • Can I avoid paying Interest? Yes. If you pay off your purchase within the interest free grace period, then you are paying $0 in interest repayments back on your purchase, no matter how expensive it was. However, interest free/grace periods do not apply to cash advances.

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    How and where can I apply for a low interest card?

    Go back to the top of this page and select a card from the comparison table, then click the Apply button. This will securely transfer you to the relevant banks website, and when you complete the application it will be through their secure online application service. There is no fee for applying from this page.

    How to find the lowest rate credit card listed in our comparison tables

    You can sort through our featured credit cards by ranking them in terms of interest rates. By clicking on the arrows you can sort interest rates or annual fees from ascending or descending order so you can find the credit card best suited to your financial needs.

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    Ask a Question

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    30 Responses to Low Interest Rate Credit Cards

    1. Default Gravatar
      Jason | December 9, 2014

      We received an email about a card where you get 6 Months Interest Free on all purchases over $250 and you can buy at retailers who offer Interest Free. It is a Once Agile Visa Card. Do you think this would be better ongoing as a card or keep doing balance transfer swaps to new cards with 0% interest offers.

      • Staff
        Elizabeth | December 10, 2014

        Hi Jason,

        Thanks for your question.

        Unfortunately I really can’t comment on whether one card is better than the other, as the best card for you will depend on your needs and situation. Six months interest free can be good cards if you’re looking to make purchases for that period. Keep in mind that for your other suggestion, card providers can see all the cards you’ve recently been approved for and applied for, and applying for multiple cards in a short period of time can negatively affect your credit rating.

        I hope this has helped.



    2. Default Gravatar
      barbara | October 15, 2014

      I receive a flyer in today for 2.99 low interest for 6 months I can not locate this please help. thanks

      • Staff
        Elizabeth | October 15, 2014

        Hi Barbara,

        Thanks for your question.

        Unfortunately I’m unable to find a credit card with an offer to match that description. You can, however, use the table on this page to compare similar offers.



    3. Default Gravatar
      Student | May 18, 2014


      I’m a student and am traveling overseas in a few months time. I have a steady, casual work history for the last five years(minus three months following a surgery). I’m wondering if I should apply for a credit card for my overseas trip. I have guaranteed work when I come back and could really use a card. Do you think it would be a wise idea to apply for a low interest credit card, particularly one with x amount of months interest free and repay the debt ASAP once I’m back?

      • Staff
        Shirley | May 22, 2014

        Hi Student,

        Thanks for your question.

        Unfortunately we are unable to provide advice about which credit card to apply for, but our travel money guide and student credit card guide may be able to help you with your decision.


    4. Default Gravatar
      Sam | January 15, 2014

      Hi I am finalising a part ix debt agreement which I have been paying for 5 years which credit card would be best to apply for

      • Staff
        Jacob | January 15, 2014

        Hi, Sam.

        Thanks for your question.

        Credit cards are available to applicants with a good credit rating only. Generally, there is no one lender that is willing to lender to an applicant with bad credit over another lender. You may have to speak to a bank representative about this. They may want to see in writing that you have addressed the listings on your credit file. Here’s some information on credit cards for people with bad credit.

        I hope this helps.

    5. Default Gravatar
      John | November 7, 2013

      Is there a Debit card with Frequent Flyer points?

      • Staff
        Jacob | November 7, 2013

        Hi John.

        Thanks for your question.

        Currently there are no debit card products that reward your spending with points; however, there are two travel money cards, one offered by Velocity and the other by Qantas that reward you with points when you make an eligible purchase on the card. These travel money cards were aimed at being used overseas, but they can still be used in Australia. You can view the cards on this page.

        I hope this helps.

    6. Default Gravatar
      Stephanie | August 9, 2013

      If I get a 0% for 8 months on balances transferred credit card and then after the 8 months is up, want to take the remainder of the outstanding credit left to pay off, to another balance transfer card, and then cut up the first card and close the account, are there any fees the first bank can charge me?

      • Staff
        Shirley | August 9, 2013

        Hi Stephanie,

        Thanks for your comment.

        As long as you don’t have any balances left on your previous credit card, you can cancel it without any fees.


      • Default Gravatar
        Stephanie | August 9, 2013

        Okay so if approved for a balance transfer with the next bank, they’d pay your balance out leaving nothing left on the previous card enabling you to close the account with no fees being charged?


      • Staff
        Shirley | August 9, 2013

        Hi Stephanie,

        Thanks for your comment.

        Not necessarily, as there are maximums to the amount you can balance transfer. Most banks will allow you to balance transfer about 90% of your credit limit. If you balance transfer amount is less than the maximum then yes, you may be able to balance transfer the full amount.

        Please see this page for more information.

        Hope this helps,

    7. Default Gravatar
      Antonio | July 22, 2013

      I got the Visa PayWave from the post office in Hurstville, and I can’t use it Because I have to fill the form. I paid for the card but can’t use it.

      • Staff
        Jacob | July 22, 2013

        Hi Antonio. Thanks for your question. If you believe your pre-card is faulty, it’s probably best to take it back to where you got it from. You don’t need to register your account before you can start using it. Our understanding is you can use the card as soon as funds have been loaded onto the card. I hope this helps. Jacob.

    8. Default Gravatar
      Vincent | July 2, 2013

      Does the Woolworths card have travel insurance attached and if so what is the age limit?

      • Staff
        Jacob | July 2, 2013

        Hi Vincent. Thanks for your question. Woolworths do not currently offer complimentary international travel insurance with either of the credit cards that we compare on our site. This is a complimentary benefit that’s included with most frequent flyer and platinum credit cards, you can compare gold and platinum credit cards on this page. You can find out whether there are any age restrictions to the insurance policy by checking the terms and conditions. Generally speaking, there is an age limit of 80, but this varies depending upon the policy provider. I hope this has helped, please don’t hesitate to ask if you have any more questions. Jacob.

    9. Default Gravatar
      Kate | June 26, 2013


      I currently have 2 credit cards one of which is an AMEX which has a high interest rate etc. My other one has about $800 owing but is has low interest with my current bank (suncorp).

      Should I get another to consolidate the 2 so I can get on top of it and pay just one?

      Hope this makes sense?

      Kind Regards,


      • Staff
        Jacob | June 26, 2013

        Hi Kate. Thanks for your question. You have a couple of option if you’re looking at consolidating your current credit card debt.
        You can check with Suncorp to see if you’re eligible for a balance transfer promotion on your existing Suncorp credit card, if there is, you’ll be able to transfer the balance from your American Express Card to your Suncorp card and receive a promotional interest rate on the American Express balance. You can also open a new card – unrelated to your current card providers – and transfer the balance of your two existing cards to the new card under a promotional balance transfer rate of interest. The decision is up to you. The advantage of the second option is that you’ll receive a promotional interest rate on your both your balances opposed to just the American Express card if you were to transfer to your Suncorp card (provided that you’re approved limit on your new card is greater than the amount you wish to transfer). I hope this helps, please ask us if you have any more questions. Jacob.

    10. Default Gravatar
      Alison | June 20, 2013


      I’m looking to get my first credit card. I’m a student but working.

      Was looking for the following:-
      1. no-low interest (for at least the first few months);
      2. no-low international transaction fees so I can use card whilst travelling; and
      3. low annual fee.

      Many thanks.

      • Staff
        Jacob | June 20, 2013

        Hi Alison. Thanks for asking us about this.

        Have a look at our comparison of student credit cards. The cards on the page fit the annual fee and purchase rate of interest requirements you’ve listed in your question, but they do charge fees for currency conversion when you make a transaction in a foreign currency.

        The cards on this page charge no foreign currency conversion fee, however, they are not aimed at students.

        Please ask if you have any more questions about selecting your first credit card. Thanks. Jacob.

    11. Default Gravatar
      Anne | June 12, 2013

      I want to pay off a card with a debt of $1100.00 – not to be used to purchase – just to get rid of the debt without it costing me anymore. Would the HSBC Credit Card be the best for me?

      • Staff
        Jacob | June 12, 2013

        Hi Anne. Thanks for your question. You will have to make your own decision about the right credit card for you. You can compare credit cards with a balance transfer promotion here. A few things to consider when comparing balance transfer credit cards. How long will it take you to pay off the balance. This will determine the length of the promotional period you will want to go for. Does the interest rate revert to the cash rate or the purchase rate of interest and how much will you be able to transfer as each provider will allow you to transfer up to a certain percentage of your approved credit limit on your new card. Let me know if there’s anything you would like to know about this. Jacob.

    12. Default Gravatar
      Ian | June 2, 2013

      Can I transfer my Visa account to your bank for the low interest rate you advertised?

    13. Default Gravatar
      john | May 9, 2013

      i have been discharged bankrupt for 1 year now, what organisations will give me a credit card?

      • Staff
        Jacob | May 9, 2013

        Hi John. Thanks for your question. First things first, you should order a copy of your credit file. This will let you see what a lender can see when you apply for credit. One organisation is as likely to give you a card as another, as a common application criterion across all providers is that you have a good credit rating. Furthermore, you should look towards a low rate card. These cards have the lowest entry requirements out of all the cards in the market. It’s also advised that you speak to a lender in person rather than apply online. Online applications are inflexible when compared to speaking to a person face to face. Let me know if you need more information and let me know how you go. Jacob.

    14. Default Gravatar
      Ronda | May 8, 2013

      If I already have a low rate credit card with the ANZ can I apply to transfer another credit card balance (not ANZ) for a new offer. This would mean I would have two credit cards with the ANZ?

      • Staff
        Jacob | May 8, 2013

        Hi Ronda. Thanks for your question. ANZ make their balance transfer offers available to both new and existing customers who are brining the balance from a non-ANZ credit card, store card or charge card. You can do this by filling out a balance transfer request form, which can be found on their website. Jacob.

    Credit Cards Comparison

    Rates last updated December 19th, 2014
    Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
    ANZ Low Rate
    ANZ Low Rate
    A low rate on purchases, balance transfer and a low annual fee. 13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to site More info
    Citi Simplicity Card
    Citi Simplicity Card
    $0 annual fee credit card with a long term balance transfer offer. 19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card
    Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program. 19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to site More info
    NAB Low Rate Credit Card
    NAB Low Rate Credit Card
    Low ongoing interest rate on everyday purchases. 0% p.a. for 15 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
    Westpac Low Rate Card
    Westpac Low Rate Card
    A low interest rate credit card with a low annual fee and balance transfer offer. 13.49% p.a. 0% p.a. for 16 months $59 p.a. 21.49% p.a. Go to site More info
    American Express Qantas Discovery Card
    American Express Qantas Discovery Card
    Receive 7500 Qantas Points and pay no annual fee ever. Plus earn 1 Qantas Point per $1 spent on all your everyday purchases. 20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info
    HSBC Platinum Qantas Credit Card
    HSBC Platinum Qantas Credit Card
    Introductory balance transfer offer and 2 international Qantas Club lounge passes every year. 19.99% p.a. 0% p.a. for 6 months $199 p.a. 21.99% p.a. Go to site More info

    * The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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