Australian Military Bank Low Rate Visa Card
Highlights
- Benefit from a competitive interest rate of 11.99% per annum for purchases.
- Avail a 0% interest rate for the initial 12 months on Balance Transfers, coupled with a 0% balance transfer fee. Following this period, the rate reverts to the purchase rate of 11.99% per annum.
- Additionally, seize up to 45 days of interest-free purchasing.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Eligibility
Additional cardholders
Credit limits
Repayments
Balance transfers
Balance transfer offer
Balance transfer conditions
Rates, fees, charges
Cash advances
Purchases
Account fees
Rewards
Rewards program basics
Rewards points per $1 spent
Additional perks
Insurance
Travel and lifestyle
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
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.
Reviewed by Credit Card Compare Staff
History
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Reasonable rates and widely accepted
Reviewed by ADCU Review
The best of the best
Reviewed by Don
I still find it hard to make payments
Reviewed by Michelle Robinson
One for defence
Reviewed by Stewart
Good for those looking for a back up
Reviewed by Matt
Convenient, safe card from a great bank
Reviewed by Greg
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