Auswide Bank Low Rate Visa Credit Card
4.2
Highlights
- Acquire a favorable variable rate of 10.99% per annum on both purchases and cash advances.
- Benefit from the option to waive the $50 annual fee if you're under 25 years old, maximizing your savings.
- Plus, relish up to 55 days of interest-free purchasing, providing ample time for repayment.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good
Minimum Income
N/A
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$500.00
Maximum Credit Limit
$50,000.00
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
3%
Balance transfers
Balance transfer offer
Balance Transfer Rate
0%
Balance Transfer Period
12 months
Balance Transfer Fee Percentage
0%
Balance transfer conditions
Balance Transfer From Personal Loan
Yes
Balance Transfer Limit Percentage
100%
Balance Transfer Revert Rate
10.99%
Rates, fees, charges
Cash advances
Cash Advance Rate
10.99% p.a.
Cash Advance Fee
$3.50
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
10.99% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$50.00
Dishonour Fee
$15.00
Duplicate Statement Fee
$7.00
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$10.00
Rewards
Rewards program basics
Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
Our review
Convenience
Customer service
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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 10.99% p.a.
- Cash advances. Cash advances on the Auswide Bank Low Rate Visa Credit Card will incur interest at 10.99% 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 10.99% p.a. This is significantly lower than the average.
Reviewed by Credit Card Compare Staff
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