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 (p.a.)
  • Purchase Rate Offer
  • Annual Fee
  • Balance Transfer Offer
  • Minimum Income
NAB StraightUp
NAB StraightUp
  • Purchase Rate (p.a.) 0%
  • Purchase Rate Offer -
  • Annual Fee $240
  • Balance Transfer Offer -
  • Minimum Income $0
  • No Foreign Transaction Fees
Purchase Interest Rate: 0% p.a.
Maximum Credit Limit: $3,000
Late Payment Fee: $0
Annual Fee: $240
Additional Cardholders: Not Available
Minimum Credit Limit: $1,000
Minimum Repayment: $35, $75 or $110 depending on credit card limit.
No Foreign Transaction Fees: Yes
Commbank Neo
Commbank Neo
  • Purchase Rate (p.a.) 0%
  • Purchase Rate Offer -
  • Annual Fee $264
  • Balance Transfer Offer -
  • Minimum Income $0
  • No Foreign Transaction Fees
Purchase Interest Rate: 0% p.a.
Maximum Credit Limit: $3,000
Annual Fee: $264
Additional Cardholders: No fee for additional cardholder
Minimum Credit Limit: $1,000
Minimum Repayment: $25 or 2% of the closing balance, whichever is greater
No Foreign Transaction Fees: Yes
American Express Low Rate
American Express Low Rate
  • Purchase Rate (p.a.) 8.99%
  • Purchase Rate Offer -
  • Annual Fee $0
  • Balance Transfer Offer -
  • Minimum Income $50,000
  • Purchase Protection
  • Refund Protection
  • Apple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 8.99% p.a.
Minimum Credit Limit: $1,000
Late Payment Fee: $30
Annual Fee: $0
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 55 days
Minimum Repayment: $30 or 2.5% of the closing balance, whichever is greater
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay

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Showing 10 out of 30 results

Credit Card

  • Purchase Rate (p.a.)
  • Purchase Rate Offer
  • Annual Fee
  • Balance Transfer Offer
  • Minimum Income
NAB StraightUp
NAB StraightUp
  • Purchase Rate (p.a.) 0%
  • Purchase Rate Offer -
  • Annual Fee $240
  • Balance Transfer Offer -
  • Minimum Income $0
  • No Foreign Transaction Fees
Purchase Interest Rate: 0% p.a.
Maximum Credit Limit: $3,000
Late Payment Fee: $0
Annual Fee: $240
Additional Cardholders: Not Available
Minimum Credit Limit: $1,000
Minimum Repayment: $35, $75 or $110 depending on credit card limit.
No Foreign Transaction Fees: Yes
Commbank Neo
Commbank Neo
  • Purchase Rate (p.a.) 0%
  • Purchase Rate Offer -
  • Annual Fee $264
  • Balance Transfer Offer -
  • Minimum Income $0
  • No Foreign Transaction Fees
Purchase Interest Rate: 0% p.a.
Maximum Credit Limit: $3,000
Annual Fee: $264
Additional Cardholders: No fee for additional cardholder
Minimum Credit Limit: $1,000
Minimum Repayment: $25 or 2% of the closing balance, whichever is greater
No Foreign Transaction Fees: Yes
American Express Low Rate
American Express Low Rate
  • Purchase Rate (p.a.) 8.99%
  • Purchase Rate Offer -
  • Annual Fee $0
  • Balance Transfer Offer -
  • Minimum Income $50,000
  • Purchase Protection
  • Refund Protection
  • Apple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 8.99% p.a.
Minimum Credit Limit: $1,000
Late Payment Fee: $30
Annual Fee: $0
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 55 days
Minimum Repayment: $30 or 2.5% of the closing balance, whichever is greater
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Bankwest Breeze Classic
Bankwest Breeze Classic
  • Purchase Rate (p.a.) 9.9%
  • Purchase Rate Offer 0% for 15 months
  • Annual Fee $49
  • Balance Transfer Offer 0% for 15 months
  • Minimum Income $15,000
Purchase Interest Rate: 9.9% p.a.
Cash Advance Rate: 21.99% p.a.
Minimum Repayment: $20 or 2% of the closing balance, whichever is greater
Annual Fee: $49
Minimum Credit Limit: $1,000
Late Payment Fee: $25
Interest Free Days: 55 days
Additional Cardholders: Up to 3 additional cardholders at no extra cost
Purchase Rate Promo: 0% p.a. for 15 months
Balance Transfer Rate: 0% p.a. for 15 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 9.9% p.a.
Commbank Essentials
Commbank Essentials
  • Purchase Rate (p.a.) 9.9%
  • Purchase Rate Offer -
  • Annual Fee $60
  • Balance Transfer Offer -
  • Minimum Income $0
  • CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
    Priceless Cities
Purchase Interest Rate: 9.9% p.a.
Cash Advance Rate: 9.9% p.a.
Additional Cardholders: No fee for additional cardholder
Annual Fee: $60
Minimum Credit Limit: $400
Minimum Repayment: $25 or 2% of the closing balance, whichever is greater
Interest Free Days: 55 days
Maximum Credit Limit: $3,000
Late Payment Fee: $20
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Entertainment: Priceless Cities
Bankwest Breeze Platinum
Bankwest Breeze Platinum
  • Purchase Rate (p.a.) 9.9%
  • Purchase Rate Offer 0% for 15 months
  • Annual Fee $69
  • Balance Transfer Offer 0% for 15 months
  • Minimum Income $15,000
  • Purchase Protection
  • No Foreign Transaction Fees
  • International Travel Insurance
Purchase Interest Rate: 9.9% p.a.
Cash Advance Rate: 21.99% p.a.
Minimum Repayment: $20 or 2% of the closing balance, whichever is greater
Annual Fee: $69
Minimum Credit Limit: $6,000
Late Payment Fee: $25
Interest Free Days: 55 days
Additional Cardholders: Up to 3 additional cardholders at no extra cost
No Foreign Transaction Fees: Yes
Purchase Protection: Yes
Travel Insurance: International Travel Insurance
Purchase Rate Promo: 0% p.a. for 15 months
Balance Transfer Rate: 0% p.a. for 15 months
Balance Transfer Fee: 0%
Reverted Interest Rate: 9.9% p.a.
Westpac Lite
Westpac Lite
  • Purchase Rate (p.a.) 9.9%
  • Purchase Rate Offer -
  • Annual Fee $108
  • Balance Transfer Offer -
  • Minimum Income $30,000
  • No Foreign Transaction Fees
  • Apple Pay, Fitpay, Google Pay, Samsung Pay
Purchase Interest Rate: 9.9% p.a.
Minimum Credit Limit: $500
Minimum Repayment: $10 or 2% of the closing balance, whichever is greater
Annual Fee: $108
Maximum Credit Limit: $4,000
Late Payment Fee: $0
Interest Free Days: 45 days
Additional Cardholders: 1 additional cardholder at no extra cost
No Foreign Transaction Fees: Yes
Mobile Pay: Apple Pay, Fitpay, Google Pay, Samsung Pay
ING Orange One Low Rate
ING Orange One Low Rate
  • Purchase Rate (p.a.) 11.99%
  • Purchase Rate Offer -
  • Annual Fee $0
  • Balance Transfer Offer -
  • Minimum Income $36,000
  • Apple Pay, Google Pay
Purchase Interest Rate: 11.99% p.a.
Cash Advance Rate: 11.99% p.a.
Additional Cardholders: $10 per annum additional cardholder fee
Annual Fee: $0
Minimum Credit Limit: $1,000
Minimum Repayment: $100 or 5% of the closing balance, whichever is greater
Interest Free Days: 45 days
Maximum Credit Limit: $30,000
Late Payment Fee: $20
Mobile Pay: Apple Pay, Google Pay
ME Bank Low Rate
ME Bank Low Rate
  • Purchase Rate (p.a.) 11.99%
  • Purchase Rate Offer -
  • Annual Fee $0
  • Balance Transfer Offer -
  • Minimum Income $25,000
  • Apple Pay, Google Pay
Purchase Interest Rate: 11.99% p.a.
Cash Advance Rate: 11.99% p.a.
Minimum Repayment: $10 or 3% of the closing balance, whichever is greater
Annual Fee: $0
Minimum Credit Limit: $1,000
Late Payment Fee: $10
Interest Free Days: 55 days
Additional Cardholders: No fee for additional cardholders
Mobile Pay: Apple Pay, Google Pay
Virgin Low Rate
Virgin Low Rate
  • Purchase Rate (p.a.) 11.99%
  • Purchase Rate Offer -
  • Annual Fee $99
  • Balance Transfer Offer 0% for 15 months
  • Minimum Income $35,000
  • Samsung Pay
Purchase Interest Rate: 11.99% p.a.
Cash Advance Rate: 21.69% p.a.
Minimum Repayment: $30 or 2% of the closing balance, whichever is greater
Annual Fee: $99
Minimum Credit Limit: $6,000
Late Payment Fee: $30
Interest Free Days: 44 days
Additional Cardholders: $29 annual fee per additional cardholder
Mobile Pay: Samsung Pay
Balance Transfer Rate: 0% p.a. for 15 months
Balance Transfer Fee: 1%
Reverted Interest Rate: 21.69% 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