- Purchase and cash advance rate of 12.39% p.a.
- $0 annual fee
- Up to 55 days interest free on purchases
- Compatibility with Apple Pay and Google Pay
A classic credit card that helps to keep costs low, the Bank Australia Visa Credit Card has no annual fee and a low rate of interest on purchases. While it may keep features fairly basic, it does offer all the extras you would expect on a Visa, including fraud protection and security features, compatibility with Apple Pay and Google Pay, and account access via a very handy app.
Bank Australia prides itself on its customer-owned status and is more than happy to distance itself from the big banks. What does this mean to you as a potential cardholder? As it is owned by its customers, it doesn’t answer to shareholders. Instead, it can return its profits to customers through better rates and fees, while making investments to create positive social and environmental change.
What this translates to with the Bank Australia Visa Credit Card is a whole lot of money-saving for cardholders. If you choose to apply for this card, you will benefit from a low rate of interest and no annual fee. With its low rate of interest, this could help you save on interest costs on your balance if it carries over from month-to-month. So, instead of paying more in interest, you can work on paying down your balance and clearing it once and for all.
Helping you in this objective is the card’s total lack of an annual fee. Most credit cards in Australia charge some kind of annual fee. You will often find low rate cards have low annual fees, while fancier cards such as premium cards and rewards cards have much higher annual fees. But, if you really want to save money, a no annual fee card is where it’s at. Instead of paying an annual fee each year, you can put that money towards something much more exciting.
When you find cards with no annual fee and a low purchase rate, you know you’re getting a money-saver. But, what you’ll also find is that these cards also tend to be fairly basic. Sure, you can enjoy all the standard features most cardholders have come to expect on a credit card, but there’s not much on there that will have you drooling in anticipation for the card to drop into your mailbox.
We don’t necessarily think a lack of features is a bad thing, however. Having a lack of features only really becomes a sore point when you want more from your card. But, if you want more, you will generally be expected to pay more, as these cards typically come with a higher annual fee and higher interest rate. On the other hand, if you want a simple, low cost card, we don’t think you’ll find much to complain about with this offering from Bank Australia.
There are several reasons why you may choose a low rate, no annual fee card such as the Bank Australia Visa Credit Card:
So, what kind of features can you expect on a card such as this? You can benefit from easier and safer shopping with Visa Checkout and 24/7 fraud monitoring, you can sync your card to your device with access to Apple Pay and Google Pay, and you can use Bank Australia’s handy app to manage the way you transact with card controls, to place a temporary lock on your card, and to create custom notifications that monitor your card activity.
The Bank Australia Visa Credit Card is a card that keeps it simple, providing all the basic features you need, alongside a low rate and no annual fee.
Purchase rate 12.39% p.a.
Cash advance rate 12.39% p.a.
Interest free period on purchases up to 55 days
Minimum credit limit $1,000
Maximum credit limit N/A
Annual fee $0 p.a.
Additional card holder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2.5% or $20, whichever is greater
Cash advance fee 3.5%
Late payment fee $0
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Eligible with Apple Pay and Google Pay
The Bank Australia Visa credit card will really suit anyone looking for a no fuss, low cost credit card who doesn’t want to wade through pages and pages on rewards points and programs, different insurances and travel perks. If you just want a credit card you can rely on in an emergency, or as a convenient payment method then look no further than the Bank Australia Visa card. Added bonus of no annual fee and up to 55 interest free days.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Resident or citizen of Australia
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
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