Auswide Bank Low Rate Visa Credit Card

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.

Pros and cons

Pros

  • 0% for 12 months on balance transfers.
  • Additional cards at no extra cost.
  • Compatible with Apply Pay and Google Pay,

Cons

  • There is no rewards program on this card.
  • Not compatible with Samsung Pay.

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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.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

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