Australian Unity Low Rate Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt Ask Pauline a Question about this card.

The Australian Unity Low Rate Credit Card

With a seriously low purchase rate, the Australian Unity Low Rate Credit Card is a real money saver. As a fairly simple offering, this no frills card can also keep costs low with an affordable annual fee and up to 45 days interest free on purchases, with a tempting bonus of up to 10% off Australian Unity health insurance as well.

What we love...

Unlike the big banks, the Australian Unity group is a mutual organisation, which means it is owned by its members. Instead of paying out profits to shareholders, it can return them to members by offering low rates of interest and low fees on products such as its credit card. Which is why the Australian Unity Low Rate Credit Card can offer one of the lowest ongoing purchase rates on the market.

While the organisation may not have the name of a big bank, it still has plenty to offer cardholders, especially those who want to save money. Aside from its low purchase rate, the card also offers a low cash advance rate (although cash advances should be avoided if you really want to save money), and up to 45 days interest free on purchases.

Just like its rates, the card’s annual fee is also low. And if you want to add additional cardholders to the account, you can add up to four at no extra cost. This can be a great option if you want to simplify your finances, as it means you only have to deal with one credit card account and one credit card payment, while family members who need it can enjoy access to credit with their own card.

But that’s not all the Australian Unity Low Rate Credit Card has to offer. You could save even more money as a cardholder, if you choose Australian Unity as your health insurance provider as well. Available to new customers only, this offer provides up to 10% off Australian Unity health insurance bought directly through Australian Unity and paid for by direct debit.

What’s not so great...

As you can see, there are no extravagant introductory offers here. There are no rewards points to earn, and there are no fancy features to enjoy. This is a simple card. But, as long as simple is what you want, there’s not much to complain about with the Australian Unity Low Rate Credit Card. It’s a basic card that provides access to credit, alongside money-saving capability.

Why should you choose this card?

If you tend to carry a balance on your card, choosing one with a low rate could help you save on interest as you pay down what you owe. As the Australian Unity Low Rate Credit Card has one of the lowest purchase rates on the market, this could make it a fantastic choice for anyone looking to keep interest payments as low as possible.

If you choose this card, you can obviously keep costs low with a low annual fee, and even save some money on health insurance as well. But, while it may keep its features simple, that doesn’t mean it’s completely lacking in extras. As a cardholder, you can benefit from all the security features that come with it being a Visa card, including Verified by Visa.

You can also enjoy faster transactions at the checkout with contactless payment capability, and if you want to sync your card to your device, you can do so via Apple Pay, Samsung Pay or Google Pay. In terms of account access, this can be achieved in a number of ways, including the Australian Unity app, which allows you to put a temporary block on your card if it goes missing, among other features.

Overall Rating

Appealing to money-savers, the Australian Unity Low Rate Credit Card has one of the lowest ongoing purchase rates you’ll find, as well as a low annual fee, up to 45 days interest free on purchases and up to 10% off Australian Unity health insurance.