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Citibank
Citibank Clear Platinum Card
11.49%
20.99%
0.99
55
$99
Yes
Apply
Contact
St. George Bank
St.George Vertigo MasterCard
2.99% Intro%
20.74%
2.99
55
$55
Yes
Apply
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ANZ
ANZ Low Rate MasterCard
12.74%
20.99%
55
$58
No
Apply
Contact
Aussie
Aussie MasterCard.
2.99% Intro
18.79%
2.99% for 6 months
55
$49
No
Apply
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ANZ
ANZ Balance Visa
13.74%
20.99%
55
$79
Yes
Apply
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Community First Credit Union
Community First Visa Credit Card
10.5%
10.5%
55
$40
No
Apply
Contact
American Express
American Express Business Card
-
-
51
$109
No
Apply
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American Express
American Express Gold Business Card
-
-
51
$169
No
Apply
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American Express
American Express Platinum Business Card
-
-
51
$1000
No
Apply
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Hume Building Society
Hume Visa Value
12.9%
12.9%
55
No
Apply
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Big Sky Credit Union
Big Sky Credit Union Low Rate Credit Card
12.3%
12.3%
7.30
45
No
Apply
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Commonwealth Bank
Commonwealth Bank Low Rate Credit Card
12.49%
20.74%
5.99
55
$48
No
Apply
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Citibank
ReadyCredit - Visa Debit
2.9%
2.9%
2.9
No
Apply
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NAB
NAB Low Rate Visa Card
12.24%
20.74%
4.99
55
$49
No
Apply
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B&E Ltd
B&E VISA Credit Card
11.99%
16.49%
57
$39
No
Apply
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Defcredit
True Blue Credit Card
11.49%
11.49%
4.99
55
$36
No
Apply
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FCCS Credit Union
FCCS Low Rate Mastercard Silver
11.85%
19.49%
55
$35
No
Apply
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CommSec
CommSec Debit Mastercard
5%
5%
No
Apply
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Newcastle Permanent Building Society
Newcastle Permanent Business+ Credit Card
12.34%
16.34%
16.34
44
$55
No
Apply
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Community First Credit Union
McGrath Pink Visa Card
10.5%
10.5%
55
$40
No
Apply
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BankSA
BankSA Vertigo MasterCard
11.99%
20.74%
2.99
55
$55
Yes
Apply
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Bankwest
Bankwest Lite Platinum MasterCard
9.99%
20.99%
1.99
55
$120
Yes
Apply
Contact
Teachers Credit Union
Teachers Credit Union Credit Card
11.5%
11.5%
55
No
Apply
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American Express
American Express Platinum Card
51
$900
Yes
Apply
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Aussie
Aussie MasterCard
12.29%
18.79%
2.99
55
$49
No
Apply
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American Express
American Express Gold Card
51
$130
Yes
Apply
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American Express
American Express Card
51
$80
Yes
Apply
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ANZ
ANZ Everyday Visa Debit
$72
No
Apply
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First Option Credit Union
Visa Credit Card
13.3%
13.3%
45
$18
No
Apply
Contact
Bananacoast Community Credit Union
BCU Classic Visa
11.05%
11.05%
55
$45
No
Apply
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Bank of Queensland
BOQ Low Rate Visa Card
12.74%
20.49%
55
$55
No
Apply
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Bankwest
Bankwest Lite MasterCard
9.99%
20.99%
1.99
55
$59
Yes
Apply
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Bankwest
Bankwest Lite Gold MasterCard
9.99%
20.99%
1.99
55
$89
Yes
Apply
Contact
Bankwest
Bankwest MasterCard Debit
No
Apply
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Bankwest
Bankwest Business MasterCard Low Rate
11.99%
11.99%
7.99
45
$39
Yes
Apply
Contact
Commonwealth Bank
Commonwealth Business Credit Card - Low Rate (Unsecured) Option
13.8%
-
Yes
Apply
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Commonwealth Bank
Commonwealth Corporate Credit Card - Residentially Secured Option
7.51%
-
$40
Yes
Apply
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Commonwealth Bank
Commonwealth Business Credit Card - Residentially Secured Card
7.51%
-
$40
Yes
Apply
Contact
Commonwealth Bank
Commonwealth Business Credit Card - Commerical Security
11.75%
-
$40
Yes
Apply
Contact
Commonwealth Bank
Commonwealth Corporate Credit Card - Commercial Security
11.75%
-
$40
Yes
Apply
Contact
ANZ
ANZ Business One Low Rate
13.66%
14.16%
$130
No
Apply
Contact
Community CPS Australia
Community CPS Low Rate MasterCard (Gold)
11.85%
11.85%
4.90
55
$75
No
Apply
Contact
Community CPS Australia
Community CPS Low Rate MasterCard (Silver)
11.85%
11.85%
4.90
55
$35
No
Apply
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CUA
CUA Low Rate MasterCard - Silver
11.85%
11.85%
2.9
55
$45
No
Apply
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CUA
CUA Low Rate MasterCard - Gold
11.85%
11.85%
2.9
55
$85
No
Apply
Contact
Diners Club
Diners
$95
Yes
Apply
Contact
Encompass Credit Union
Encompass Credit Card
14.5%
20.5%
55
$36
No
Apply
Contact
Macquarie Credit Union
Visa 55
13.14%
13.14%
6.95
55
$15
No
Apply
Contact
Horizon Credit Union
Horizon Credit Union Visa Credit Card
12.95%
12.95%
45
Yes
Apply
Contact
Heritage Building Society
Heritage Visa Gold No Frills
10.75%
10.75%
No
Apply
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Heritage Building Society
Heritage Visa Classic No Frills
11.3%
11.3%
No
Apply
Contact
Heritage Building Society
Heritage Visa Business Secured
9.9%
-
40
$35
No
Apply
Contact
Heritage Building Society
Heritage Visa Business Unsecured
12.2%
-
40
$35
No
Apply
Contact
Hunter United Credit Union
Hunter United Visa Credit Card
11.49%
16.49%
55
$48
No
Apply
Contact
IMB
IMB Low Rate MasterCard
11.85%
11.85%
4.9
55
$55
No
Apply
Contact
Intech Credit Union Limited
Intech Credit Union Titanium 55
11.8%
11.8%
55
$36
No
Apply
Contact
Austral Credit Union Ltd
Visa Credit Card
11.45%
11.1%
11.45
55
No
Apply
Contact
mecu
mecu Low Rate VISA
9.74%
9.74%
$59
No
Apply
Contact
mecu
mecu Visa Access Card
$19.8
No
Apply
Contact
mecu
mecu VISA Credit Card
12.74%
12.74%
55
No
Apply
Contact
Macquarie Bank
Macquarie Bank RateSaver Card
12.7%
19.7%
55
$50
No
Apply
Contact
ME Bank
Members Equity MasterCard
11.49%
11.49%
44
$39
No
Apply
Contact
Australian Central Credit Union
Australian Central MasterCard (Low Rate)
11.85%
11.85%
2.9
55
$45
Yes
Apply
Contact
ANZ
ANZ Balance Visa - Special Offer
13.74%
20.99%
2.90
55
$79
Yes
Apply
Contact
ANZ
ANZ Low Rate MasterCard - Special Offer
12.74%
20.99%
2.9
55
$58
No
Apply
Contact
Newcastle Permanent Building Society
Newcastle Permanent Value+
11.34%
15.84%
15.84
55
$45
No
Apply
Contact
Police Department Employees Credit Union
Police Credit Union Visa Credit Card
11.49%
11.49%
55
$30
No
Apply
Contact
Police & Nurses
PNCS Easypay VISA Credit Card
11.99%
11.99%
45
$36
No
Apply
Contact
Police & Nurses
Visa Debit
No
Apply
Contact
Police Credit
PC Visa Silver Credit Card
11.95%
11.95%
11.95
44
No
Apply
Contact
Suncorp
Suncorp Clear Options Standard
11.74%
17.49%
$39
No
Apply
Contact
Sydney Credit Union
SCU Visa Debit
No
Apply
Contact
Sydney Credit Union
SCU Low Rate Visa Credit Card
10.64%
10.64%
55
$30
No
Apply
Contact
United Community
United Community Low Rate MasterCard (Gold)
11.85%
11.85%
4.90
55
$75
No
Apply
Contact
United Community
United Community Low Rate MasterCard (Silver)
11.85%
11.85%
4.90
55
$35
No
Apply
Contact
Victoria Teachers Credit Union
VTCU Visa Credit Card
12.99%
12.99%
55
No
Apply
Contact
Westpac
Westpac Low Rate
12.49%
20.49%
1.99
55
$45
No
Apply
Contact
Westpac
Westpac BusinessChoice Everyday Card
13.99%
19.7%
45
$75
No
Apply
Contact
Low Interest Credit Card Offers Compared Online
Low Interest Credit Cards
Since Virgin and Aussie shook up the low interest credit card market in Australia we have seen low interest rate offers from the majority of Australian Banks and Credit Unions. We have a number of low interest credit cards within the comparison tables from Aussie, Citibank, St George, NAB, ANZ, and many more. .
At time of writing (June 2009) a low interest rate credit card is one where the purchase interest rate is below 14%. The average credit card interest rate in Australia is currently 17.5% for purchases and slightly higher for cash advances. Bankwest Lite MasterCard offers one of the lowest rates however the product does not offer a low balance transfer component and the cash advance rate on the card is around 20%, which we consider high. The Vertigo Card from St. George Bank has long been a strong offer in the low interest rate market with the balance transfer option being 0% for up to six months and a purchase interest rate currently at 10.99%.
When you compare credit cards it's important to look beyond the interest rate and other factors should taken into consideration. Such factors are; how you intend to use your credit card, repayment patterns, your expected outstanding balance and your annual spend. These factors will help you determine the type of credit card you're after, such as a low rate, low balance transfer, rewards, gold or platinum. Low interest credit cards are great for those who never seem to pay off their existing balance each month, but if you do then you might be better looking at a rewards type offer.
Compare the best low interest credit card offers within the Australian market. Review offers from Aussie, HSBC, Macquarie Bank, Citibank, Westpac, St.George, American Express, BankWest, ANZ and many more.
As Australian banks and financial institutions fight for market share in the AU card market these institutions use low interest rates as a way to attract new customers. As the credit squeeze starts to bit in Australia and the risk and cost of funds rise we have seen credit card interest rates in the low rate space rise some 3% over the past two years.
The main players over the past few years has been Aussie, with the Aussie MasterCard , Citibank with the Clear Visa, St.George Bank with Vertigo, HSBC’s Low Rate Visa, ANZ with their Low Rate MasterCard and BankWest with their Lite MasterCard. Virgin Money who really started to stir things up a few years ago has since exited the Market and sold the customer base the Westpac.
