Low interest rate credit cards

Drop the interest rate if you get charged interest on your balance by using a low interest rate credit card instead.

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Credit Card

  • Purchase Rate
  • Purchase Rate Promo
  • Annual Fee
  • Balance Transfer
  • Minimum Income
American Express Low Rate
American Express Low Rate
  • Purchase Rate 8.99%
  • Purchase Rate Promo -
  • Annual Fee $0
  • Balance Transfer -
  • Minimum Income $50,000
  • Purchase Protection
  • Refund Protection
Purchase Interest Rate: 8.99% p.a.
Interest Free Days: 55 days
Annual Fee: $0
Minimum Credit Limit: $1,000
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Commbank Essentials
Commbank Essentials
  • Purchase Rate 9.9%
  • Purchase Rate Promo -
  • Annual Fee $60
  • Balance Transfer -
  • Minimum Income $0
Purchase Interest Rate: 9.9% p.a.
Minimum Credit Limit: $400
Annual Fee: $60
Interest Free Days: 55 days
Cash Advance Rate: 9.9% p.a.
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Entertainment: Priceless Cities
Westpac Lite
Westpac Lite
  • Purchase Rate 9.9%
  • Purchase Rate Promo -
  • Annual Fee $108
  • Balance Transfer -
  • Minimum Income $0
  • No Foreign Transaction Fees
Purchase Interest Rate: 9.9% p.a.
Interest Free Days: 45 days
Annual Fee: $108
Minimum Credit Limit: $500
No Foreign Transaction Fees: Yes
Mobile Pay: Apple Pay, Fitpay, Google Pay, Samsung Pay

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Showing 10 out of 25 results

Credit Card

  • Purchase Rate
  • Purchase Rate Promo
  • Annual Fee
  • Balance Transfer Promo
  • Minimum Income
American Express Low Rate
American Express Low Rate
  • Purchase Rate 8.99%
  • Purchase Rate Promo -
  • Annual Fee $0
  • Balance Transfer -
  • Minimum Income $50,000
  • Purchase Protection
  • Refund Protection
Purchase Interest Rate: 8.99% p.a.
Interest Free Days: 55 days
Annual Fee: $0
Minimum Credit Limit: $1,000
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Commbank Essentials
Commbank Essentials
  • Purchase Rate 9.9%
  • Purchase Rate Promo -
  • Annual Fee $60
  • Balance Transfer -
  • Minimum Income $0
Purchase Interest Rate: 9.9% p.a.
Minimum Credit Limit: $400
Annual Fee: $60
Interest Free Days: 55 days
Cash Advance Rate: 9.9% p.a.
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Entertainment: Priceless Cities
Westpac Lite
Westpac Lite
  • Purchase Rate 9.9%
  • Purchase Rate Promo -
  • Annual Fee $108
  • Balance Transfer -
  • Minimum Income $0
  • No Foreign Transaction Fees
Purchase Interest Rate: 9.9% p.a.
Interest Free Days: 45 days
Annual Fee: $108
Minimum Credit Limit: $500
No Foreign Transaction Fees: Yes
Mobile Pay: Apple Pay, Fitpay, Google Pay, Samsung Pay
ING Orange One
ING Orange One
  • Purchase Rate 11.99%
  • Purchase Rate Promo -
  • Annual Fee $0
  • Balance Transfer -
  • Minimum Income $36,000
  • No Foreign Transaction Fees
Purchase Interest Rate: 11.99% p.a.
Minimum Credit Limit: $1,000
Annual Fee: $0
Interest Free Days: 45 days
Cash Advance Rate: 11.99% p.a.
No Foreign Transaction Fees: Yes
Mobile Pay: Apple Pay, Google Pay
ME Bank Low Rate
ME Bank Low Rate
  • Purchase Rate 11.99%
  • Purchase Rate Promo -
  • Annual Fee $0
  • Balance Transfer -
  • Minimum Income $25,000
Purchase Interest Rate: 11.99% p.a.
Minimum Credit Limit: $1,000
Annual Fee: $0
Interest Free Days: 55 days
Cash Advance Rate: 11.99% p.a.
Mobile Pay: Apple Pay
Virgin Low Rate
Virgin Low Rate
  • Purchase Rate 11.99%
  • Purchase Rate Promo -
  • Annual Fee $99
  • Balance Transfer 0% for 18 months
  • Minimum Income $35,000
Purchase Interest Rate: 11.99% p.a.
Minimum Credit Limit: $6,000
Annual Fee: $99
Interest Free Days: 44 days
Cash Advance Rate: 21.69% p.a.
Mobile Pay: Samsung Pay
Balance Transfer Rate: 0% p.a. for 18 months
Balance Transfer Fee: 2%
Reverted Interest Rate: 21.69% p.a.
ANZ Low Rate
ANZ Low Rate
  • Purchase Rate 12.49%
  • Purchase Rate Promo -
  • Annual Fee $58
  • Balance Transfer 0% for 22 months
  • Minimum Income $0
Purchase Interest Rate: 12.49% p.a.
Minimum Credit Limit: $1,000
Annual Fee: $58
Interest Free Days: 55 days
Cash Advance Rate: 20.24% p.a.
Mobile Pay: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Entertainment: VISA Entertainment
Balance Transfer Rate: 0% p.a. for 22 months
Balance Transfer Fee: 1.5%
Reverted Interest Rate: 20.24% p.a.
Suncorp Standard
Suncorp Standard
  • Purchase Rate 12.74%
  • Purchase Rate Promo -
  • Annual Fee $55
  • Balance Transfer -
  • Minimum Income $25,000
Purchase Interest Rate: 12.74% p.a.
Minimum Credit Limit: $2,000
Annual Fee: $55
Cash Advance Rate: 21.99% p.a.
Mobile Pay: Samsung Pay
Entertainment: Visa Entertainment
Coles Low Rate
Coles Low Rate
  • Purchase Rate 12.99%
  • Purchase Rate Promo -
  • Annual Fee $58
  • Balance Transfer 0% for 6 months
  • Minimum Income $25,000
  • Purchase Protection
Purchase Interest Rate: 12.99% p.a.
Minimum Credit Limit: $2,000
Annual Fee: $58
Interest Free Days: 55 days
Cash Advance Rate: 19.99% p.a.
Purchase Protection: Yes
Mobile Pay: Coles Mobile Wallet, Apple Pay, Samsung Pay
Concierge Service: Yes
Balance Transfer Rate: 0% p.a. for 6 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 19.99% p.a.
NAB Low Rate
NAB Low Rate
  • Purchase Rate 12.99%
  • Purchase Rate Promo -
  • Annual Fee $59
  • Balance Transfer 0% for 20 months
  • Minimum Income $0
Purchase Interest Rate: 12.99% p.a.
Minimum Credit Limit: $1,000
Annual Fee: $59
Interest Free Days: 55 days
Cash Advance Rate: 21.74% p.a.
Entertainment: Visa Entertainment
Balance Transfer Rate: 0% p.a. for 20 months
Balance Transfer Fee: 2%
Reverted Interest Rate: 21.74% p.a.

Low Interest Rate Credit Card FAQ

A low interest rate credit card can be considered as having a purchase rate that’s less than 15% p.a versus the standard purchase rate of 20% p.a. Purchase rate is the interest rate set for goods and services purchased on a credit card.

Are you someone who carries over their credit card balance each month? If the answer is yes, then you're likely paying interest charges on the spending balance carried over every month. Which means a low interest credit card is a good fit for you and could potentially save you paying hundreds or even thousands of dollars in interest charges over the years.

Are you determined to pay the balance on your credit card down to zero? If so, then a low interest rate or balance transfer offer can be two great picks for you. Getting charged less interest leaves you with more money in your pocket or for paying down the balance.

A good time to use a low interest rate credit card is when you need to make an urgent or immediate purchase but don’t have enough savings to pay for it. So instead you can make a purchase now then repay it back in installments. But do not make this buy now and pay later thing a habit, especially when it comes to making large transactions.

Some of the lowest interest credit cards in the market are around 8% per annum and occasionally the credit card providers promote 0% purchase interest rate offers. Another option are balance transfer offers which can start at 0% interest p.a. and sometimes last for 26 months or more. When comparing or applying for a low interest credit card do ensure you check the annual fee amount.

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Disclaimer 

Kredmo Pty Ltd ACN 624 938 932 is not a credit provider and does not provide personal financial or professional advice or credit assistance. Kredmo Pty Ltd is an Australian Credit License holder 518788. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. Kredmo strongly recommends that you seek independent advice before you apply for any product or service, which is described on the site/page... Read More