Australian Military Bank Low Rate Visa Card

Australian Military Bank Low Rate Visa Card


  • A low 11.99% p.a. interest rate on purchases. 
  • Enjoy 0% for 12 months on Balance Transfers with a 0% balance transfer fee. Reverts to purchase rate of 11.99% p.a.
  • Up to 45 days interest-free on purchases.

Pros and cons


  • A low-interest rate on purchases.
  • Low annual fee.
  • You can get additional cardholders at no extra cost.


  • No rewards program.

Our review


Customer service

Rates and fees



The basics

  • Low-interest rate: Australian Military Bank Low Rate Visa Credit Card comes with 11.99% interest.
  • Promotional Interest Rate of 9.99% p.a. for existing Australian Military Bank home loan holders.
  • introductory balance transfer rate of 0% p.a. for 12 months.
  • Low annual card fee: $49.
  • Additional cardholder fee: Additional cardholders at no extra cost.
  • Multi-access repayments via BPAY, online and mobile banking
  • Digital wallets. The card can be linked to Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Gambling transactions are blocked on this card.

Rewards and benefits

  • Being a low-rate card, the Australian Military Bank Low Rate Visa Card does not provide:
    • Complimentary travel insurance and other insurance
    • Concierge services.
    • Rewards points
    • A signup bonus
  • Access to exclusive shopping, dining, entertainment, and travel deals through Visa Offers + Perks.
  • To make up for the no-frills offer, the Australian Military Bank Low Rate Visa Credit Card comes with features valued by military families worldwide. These include:
    • A promotional interest rate for existing Australian Military Bank home loan holders.
    • Fast assessment
    • Worldwide acceptance
    • ATM and EFTPOS facilities
    • Cash advance facilities
    • Microchip-free fraud protection service
    • Round-the-clock lost card hotline.
    • Added online protection through Visa Secure
    • Contactless payments at the checkout. Requires no PIN for payments less than $100.

Rates and fees

  • Annual fee. This card has an annual fee of $49 p.a.
  • Balance transfers. The introductory balance transfer offer for this card is 0% p.a. for 12 months. The balance transfer rate reverts to 11.99% after the promo period.
  • Cash advances. All cash advances are charged at 19.99% p.a.
  • Foreign exchange fee. This foreign transaction fee only applies to transactions made in a foreign currency.
  • Interest-free period. Enjoy up to 45 days interest-free once you pay off your balance in full and on time with no additional purchases on the card.
  • Purchases. The Australian Military Bank Low Rate Visa Card does not have any introductory offers on purchases. All purchases will attract interest at 11.99% p.a. except existing Australian Military Bank Home Loan holders, who get a promotional interest rate of 9.99% on their purchases.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake


User reviews


Customer service

Rates and fees



Reasonable rates and widely accepted

Reviewed by ADCU Review

I like ADCU as it is a credit union run by people. The rates are reasonable and customer service always very obliging. It is accepted in all ATMs and overseas. As it is Defence

The best of the best

Reviewed by Don

The ADCU low rate Credit Card is ideal for me as the balance is viewable from my ADCU login

I still find it hard to make payments

Reviewed by Michelle Robinson

Even though it is a low interest card, I find it quite high still with interest especially if you are on a government benefit, e.g. pension. We still seem to struggle to make sufficient payments. If you could make a fortnightly payment, it would be a much better way to pay.

One for defence

Reviewed by Stewart

This card is the way a credit card should work. Low interest, high flexibility, and great customer service. Very easy to solve any problems that may arise and they can customise payments and any other banking tasks to suit you or your pay periods. Very, very good products and service.

Good for those looking for a back up

Reviewed by Matt

I would say overall this is a good backup card for anyone looking for a secondary option — good communication and readily available information and changes, comparable and competitive rates.

Originally I was recommended this card and I decided to give it a go as there were fewer options at the time that seemed to suit my basic needs. This one has been handy, and though swiped on many occasions, it is durable.

Convenient, safe card from a great bank

Reviewed by Greg

My Australian Military Bank Low Rate Visa card is convenient and I feel very safe using it — even online.

The staff have been great — friendly, helpful and courteous — but then again, there’s not much reason to contact them.

I have been using it for 15 years and I am very happy. Of course, I would like to pay less interest. Strangely, I prefer to keep my hard-earned money in MY pocket and not be giving it away to any bank, but then again, the Military Bank isn’t like the Big Four. They don’t refuse to pass on official interest rate cuts and announce quarterly profits in the billions, and then announce that they have to cut staff and raise fees. Disgraceful!! I’ll stick with the credit unions even when they change their name to a “Bank”. They still look after their members and the ADCU/Australian Military Bank is one of the best as far as I am concerned.

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