Beyond Bank Credit Cards

Beyond Bank

Looking for an alternative to traditional banks? Beyond Bank could be that option. It sets itself apart from conventional banks and financial providers. How do we know? For one, its tagline is “the other way to bank.”

So, how does it stand out? The key difference between Beyond Bank and, say, the Big Four is that Beyond Bank is customer-owned. The Big Four banks have shareholders and investors to satisfy, which means they must generate large profits to keep them happy.

Beyond Bank, on the other hand, reinvests its profits to benefit its customers. Like many other customer-owned financial institutions, it can offer more competitive rates and prides itself on delivering superior service and supporting community initiatives.

Thinking about applying for a credit card but not sure which one to choose? It’s worth checking out what Beyond Bank has to offer. While it may not provide the same range as the Big Four, it could still have exactly what you need.

Comparing Credit Cards

Before diving into the various credit cards on offer, let’s start with the basics. Here’s a rundown of the main types of credit cards—and who they work best for:

Low Rate Credit Cards

A low rate credit card charges a lower interest rate on purchases (and sometimes on cash advances as well). This type of card is ideal for cardholders who carry a balance from month to month and want to save on interest. With fewer features included, these cards also make great no-fuss options.

Low Annual Fee Credit Cards

Another money-saver, the low annual fee card charges only a small yearly fee. It’s perfect for cardholders who don’t want to spend much on fees, or for those who use their card infrequently and keep it mainly for emergencies. In those cases, a no annual fee card could be an even better choice.

Rewards Credit Cards

Rewards cards allow cardholders to earn points on everyday spending. These points can typically be redeemed for flights, merchandise, cashback, or gift cards. Rewards cards work best for cardholders who spend heavily and pay off their balance in full each billing cycle—so the value of rewards outweighs the cost of interest or fees.

Gold and Platinum Credit Cards

Also known as prestige cards, gold and platinum credit cards come with a higher annual fee but offer a range of premium perks. These may include complimentary insurance, travel and entertainment benefits, and access to concierge services. This type of card suits cardholders who maximise those extras and gain more value from the perks than they pay in fees.

Beyond Bank Credit Cards

Beyond Bank currently offers one credit card, which fits into two categories: the Beyond Bank Low Rate Credit Card is a low rate card and a low annual fee card. Curious? Let’s take a closer look at what it has to offer.

Low Rates

As the name suggests, the Beyond Bank Low Rate Credit Card comes with competitive purchase rates. However, its cash advance rate is much higher. Does that matter? Not really—using the cash advance feature on any credit card is generally discouraged, since it usually attracts high interest and additional fees.

What does matter is the purchase rate. Here’s why a low purchase rate can make a big difference:

Carrying a Balance

While it’s best to avoid carrying a balance, many cardholders do. On most cards, any balance carried over month to month accrues interest—and the rate depends on the card.

By choosing a card with a low purchase rate, cardholders can reduce the amount they pay in interest, allowing more of their repayment to go toward the principal. In theory, this means paying off debt faster while paying less in interest overall.

Not convinced? Try using a credit card calculator to see how much you could save with a lower purchase rate./p>

Keeping it Simple

Credit card providers need to make money from their services. Cards with rewards programs and premium perks often carry higher annual fees and interest rates to cover those costs.

Low rate cards, on the other hand, are designed to be simple. They don’t come with flashy extras, but that’s the appeal. Many cardholders don’t want or need perks—and they certainly don’t want to pay for them.

With a low rate card, you get straightforward access to credit while keeping costs down, without worrying about extra features you may never use.

Starting Out

If you’re new to credit, a low rate card can be a smart place to start. A credit card provides access to funds when needed and helps you build a credit history. Why does that matter?

Down the road, you might apply for a car loan or a home loan. Lenders will check your credit history as part of the approval process. With no credit history, it’s harder for them to assess your reliability.

By using a credit card responsibly—spending within your means, avoiding multiple cards and large debts, and always paying bills on time (in full whenever possible)—you can establish a positive credit record. This makes future borrowing easier.

Of course, the opposite is also true. Misusing a credit card can damage your credit rating, making it harder to secure loans later on. That’s why it’s best to start small and manageable.

A low rate card with an affordable purchase rate—such as the Beyond Bank Low Rate Credit Card—can be an excellent starting point.

Low Annual Fees

Low rate cards are often seen as money savers. Not only do they offer low purchase rates, but many also come with low annual fees. The Beyond Bank Low Rate Credit Card is one such card. With its affordable annual fee, it remains cost-effective in the long term—whether you use it frequently or only occasionally.

Most people who choose a low annual fee credit card do so to save money. Some cards on the market charge annual fees of several hundred dollars. While those cards may work well for some, they don’t suit everyone.

With few extras on the table, low annual fee cards are perfect no fuss cards. You don’t want the hassle of working out how a rewards program works? Not a problem. You don’t need all those expensive extras? No worries. You just need access to credit at a minimal cost? This could be the card for you.

Introductory Offers

Many credit cards offer introductory offers to entice new customers. There are various types of introductory offers available. Here are a few to look out for:

Balance Transfer Offer: This allows cardholders to transfer a balance from an existing card, where they will pay a much lower rate of interest for a certain period of time. After the introductory period is over, any transferred balance left unpaid will revert to the card’s standard purchase rate or cash advance rate.

Best for cardholders who want to pay down their existing credit card debt.

Purchase Rate Offer: This allows cardholders to make purchases on the card at a much lower rate of interest for a certain period of time. Any balance left unpaid at the end of the introductory period will usually revert to the card’s standard purchase rate.

Best for cardholders who want to make a big purchase on their card and pay it down before the introductory period ends.

Rewards Points Offer: This offers cardholders bonus rewards points on card approval. Sometimes the cardholder will have to spend a certain amount on the card within a certain period of time to access these points.

Best for cardholders who will make good use of this card over the longer term, and who will benefit from the bonus points.

Low or No Annual Fee Offer: This offers customers low or no annual fee for an introductory period, or for the life of the card. If the offer only lasts for an introductory period, the annual fee will revert to the standard amount after the intro period ends.

Best for cardholders who want to save money on annual fees – but who also want the card long term.

Beyond Bank offers a range of introductory offers on its credit card, so be sure to check out what’s on offer right now. As with any offer, be sure to read the small print. It’s a good idea to choose a card that works in the long term, unless you plan on cancelling it after the intro period is over.

Interest Free Days

One standout feature of the Beyond Bank Low Rate Credit Card is its generous interest-free period. While many cards offer up to 44 or 55 days interest-free on purchases, Beyond Bank goes further—providing up to 62 days interest-free.

Why does this matter? When you make a purchase, you generally have a set number of days before interest is charged. Depending on your billing cycle, this could be 15, 30, or more days. With Beyond Bank’s longer period, you get extra breathing room to pay off larger purchases before interest kicks in.

Keep in mind, though, you won’t receive a full 62 days on every purchase—it depends on where the transaction falls in your billing cycle. Always review the terms and conditions to understand exactly how your interest-free days apply.

Other Features

As we mentioned earlier, low rate and low annual fee cards don’t usually come with lots of extras—and the Beyond Bank Low Rate Credit Card is no exception. Yes, it offers low rates. That’s awesome. Yes, it offers a low annual fee. That’s great. Yes it offers up to 62 days interest free – and the occasional introductory offer. That’s just perfect.

But, when it comes to flashy features, this card ain’t got ‘em. As an affordable card, it does offer a nice low minimum credit limit at $1000. This can make it easier to keep track for those wanting to keep any eye on their spending. It can also make it more manageable for anyone getting used to dealing with credit.

Another handy feature is the number of additional cardholders on offer. Cardholders can have up to four additional cardholders for free. So, is this a great card? That depends on what you’re looking for. If affordability, simplicity, and straightforward access to credit matter most, the Beyond Bank Low Rate Credit Card could be a solid choice. Another way to bank? Why yes, we suppose it is.