Beyond Bank Low Rate Visa Credit Card
Highlights
- Transfer debt from other credit and store cards with no interest for 12 months.
- Low interest rate on purchases and cash advances.
- Low ongoing annual fee.
Pros and cons
Pros
Cons
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can add up to 4 additional cardholders for free with this card. While there are no additional fees for the initial or ongoing year, you will be responsible for maintaining the account and any associated payments.
- Digital wallets. You can use this card with Apple Pay, Google Pay and Samsung Pay.
- Gambling transactions. This card cannot be used to fund gambling-related transactions.
Rewards and benefits
- Complimentary travel insurance. The Beyond Bank Low Rate Visa Credit Card does not provide complimentary international travel insurance coverage.
- Concierge services. The Beyond Bank Low Rate Visa Credit Card does not offer a concierge service.
- Insurances. This card comes with fraud protection and repayment insurance.
- Rewards points. This credit card does not have a rewards program.
- Sign up bonus. Beyond Bank does not offer a sign up bonus for this card.
Rates and fees
- Annual fee. There is an annual fee of $49 for this card.
- Balance transfers. The Beyond Bank Low Rate Visa Credit Card offers a 12-month balance transfer offer at 0% p.a. interest rate and the flexibility of using 80% of the approved credit limit for balance transfers. After the introductory period, any remaining balance will revert to the low rate of 11.99% p.a.
- Cash advances. The Beyond Bank Low Rate Visa Credit Card charges 11.99% p.a. interest on cash advances, with interest beginning to accrue immediately from the transaction date. Cash advances made on this card will also incur a one-off cash advance fee. On the whole, cash advances with Beyond Bank's Low Rate Credit Card are competitive and live up to the name.
- Foreign exchange fee. This card incurs a 3% fee for overseas and online transactions made in a foreign currency.
- Interest-free period. With the Beyond Bank Low Rate Visa Credit Card, you can enjoy up to 62 days interest-free on all purchases if you pay off your balance or make minimum payments by the due date.
- Purchases. The Beyond Bank Low Rate Visa Credit Card does not offer an introductory purchase offer. All purchases made with this card will incur an interest rate of 11.99% p.a., which is competitively low.
Reviewed by Nilooka Dissanayake
Writer
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Money for nothing
Reviewed by Melissa
I am a working single mum. My kid’s accounts are with Beyond Bank and I receive child support (reoccurring transaction payments) But, these days I am always getting fees and refused any sort of loan, even after several repaid personal loans with them in the 10+ years I have had an account open.
Accessing statements is impossible
Reviewed by Anon
This card used to be my principal day to day credit card, however, I’ve had problems accessing statements as they are only available via internet banking. The internet banking site is limited on smart phone and tablet apps and you can’t access basic information like the minimum payment or the balance that needs to be paid, or the due date. In a world where keeping track of things in our life is complex, I need excellent user interfaces to help me keep on top of it all.
The bank’s security systems work well – I’ve never had so many phone calls alerting me of unusual spending before. So if security is a high priority, this is a good card to consider.
One of the best in a land littered with bad
Reviewed by Monica
Overall a decent card in a mess of so many options. I hate dealing with the big banks and the service and support at Beyond Bank is better than most I’ve found. There isn’t a whole lot of difference in rates and fees, so really the difference is in the service.
Happy customer
Reviewed by Paul
I required a credit card that I could use online, so I opened what I called a shopping card. There is no money on this card until I loaded it with the amount required. What I do not like about this card, like most of my cards, is that they have become contactless cards. If you lose them or have them stolen, payWave makes it too easy to be used to purchase with.
Low fees, great service
Reviewed by Monica
I have had this card for years without any issues. It’s just a basic card that does not overcharge and has great service — no annual fees, no useless points to acquire that give you nothing at all.
I’d much rather deal with a credit union than with one of the big banks any day. There’s better transparency and they don’t try to sell you something you’ll never need.
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