Lowest Rate VISA & MasterCard Credit Cards – Compare & Apply Online

Information verified correct on October 22nd, 2016

Getting your hands on a low interest rate Visa or MasterCard credit card is not as hard as you think. We have performed the comparison for you and have presented our choice of the most competitive low interest Visa and MasterCard in this guide.

This guide goes through all the credit cards on the market to show you the ones with the most competitive rate, whether you need the lowest rate Visa or the lowest rate MasterCard.

So if you are among the few who can manage a credit card without going into debt chances are you already have the card for your needs. For all others, let’s check out the selection of lowest rate cards below.

Low Rate Visa and MasterCard credit cards:

Both Visa and MasterCard produce some high quality credit cards no doubt. When comparing the two issuers against each other you’ll often find very similar deals. But when a credit card comparison really matters is when you are acquiring credit card debt on a regular basis, meaning you don’t pay off your card in full each month.

This is when it become essential to deal with and use the lowest rate card simply for the fact that you’ll be saving hundreds if not thousands of dollars in interest thanks to a lower rate.

NAB Low Rate Credit Card

Low Interest Card

The NAB Low Rate Card offers a low interest rate on purchases and balance transfers to help you consolidate your debt plus a low annual fee.

  • $59 p.a. annual fee
  • 0% p.a. for 15 months (reverts to 13.99% p.a.) on purchases
  • 0% p.a. for 15 months with a one off 3% balance transfer fee on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free

Low rate Visa card: The Citibank Clear Platinum Visa Card is an outstanding performer in the low rate Visa card category.

  • Get a low 0% p.a. for 9 months (reverts to 14.99% p.a.) interest rates on purchases and balance transfers.
  • A 21.74% p.a. cash advance rate make this card great for balance transfers from existing and expensive cards.
  • Receive up to 55 days interest-free days.
  • The card can be had for a $99 p.a. annual fee.
  • Benefit from other cool features such as discount shopping and entertainment.

Low rate MasterCard: Like Visa, MasterCard offers great card deals for consumers. While picking through the card heap I found the ANZ Low Rate credit card Mastercard. See for yourself by looking at the card’s features:

  • 0% p.a. for 6 months on purchases (standard purchase rate of 13.49% p.a. applies thereafter)
  • A competitive low $58 annual fee.
  • Up to 55 interest-free days on purchases.
  • MasterCard Applause – be entertained with exclusive tickets to theatre, dance, musicals and sporting events.

By looking at both lowest rate cards above my choice is clear. I would definitely opt for the ANZ Low Rate credit card thanks to the low annual fee simply because I manage my debt by not getting into it in the first place.

If on the other hand I had existing credit card debt I’d choose the Citibank Platinum Visa for its low interest rate in purchases. Either card is a great choice for choosing the lowest rate card depending if you manage debt well or not.

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Credit Cards Comparison

Rates last updated October 22nd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 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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