Auswide Bank Low Rate Visa Credit Card
Highlights
- Get a low variable rate on purchases and cash advances at 9.99% p.a.
- A $50 p.a. annual fee can be waived if you are under 25 years old.
- Enjoy up to 55 days interest-free on purchases.
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The basics
- Additional cardholders. You can add up to 4 additional cardholders for free with this card. Your responsibility will be to keep the account in good standing and manage repayments.
- Digital wallets. Support digital wallets such as Apple Pay and Google Pay, but not yet Samsung Pay.
- Gambling transactions. No gambling-related transactions are allowed on this card.
Rewards and benefits
- Complimentary travel insurance. This card does not offer complimentary international travel insurance coverage.
- Concierge services. The Auswide Bank Low Rate Visa Credit Card does not include access to a concierge service.
- Insurances. Cardholders get fraud protection, purchase protection insurance, price protection insurance, and repayment insurance.
- Rewards points. This credit card does not have a rewards program.
- Sign up bonus. Auswide Bank does not offer any sign up bonus for this card.
Rates and fees
- Annual fee. This card has an ongoing annual fee of $50.
- Balance transfers. The Auswide Bank Low Rate Visa Credit Card offers a balance transfer promotion of 0% p.a. for 12 months on balances transferred, with 80% of the total credit limit available. After the promotional period, any remaining balance will revert to the ongoing interest rate of 9.99% p.a.
- Cash advances. Cash advances on the Auswide Bank Low Rate Visa Credit Card will incur interest at 9.99% p.a., with interest accruing immediately. If you make a cash advance on this card, you will be charged a one-off fee of 3.5%.
- Foreign exchange fee. There is a 3% fee on transactions made in foreign currencies, whether online or while shopping on an overseas trip.
- Interest-free period. The Auswide Bank Low Rate Card provides up to 55 days interest-free on purchases (excluding cash advances) when you have paid the previous balance in full or made the minimum required payment.
- Purchases. With no introductory offer on purchases, transactions made with this card will attract a low ongoing interest rate of 9.99% p.a. This is significantly lower than the average.
Reviewed by Nilooka Dissanayake
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