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Beyond Bank Low Rate Credit Card
Beyond Bank Low Rate Credit Card

Beyond Bank Low Rate Credit Card

Updated 26 November 2019

Purchase Rate (p.a)

12.49%

Balance Transfer (p.a)

0% for 12 months No BT fee. reverts to 12.49% p.a.

Annual Fee (p.a)

$49

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Low rate purchase card

  • $350 Overseas emergency card replacement fee

Creditcard.com.au review

Editor Review

Beyond Bank Low Rate Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Beyond Bank Low Rate Credit Card

Currently offering 0% p.a. on balance transfers for 12 months, the Beyond Bank Low Rate Credit Card could provide serious value to cardholders looking to pay off existing credit card debt. As an everyday card, it has a low ongoing purchase rate and a low annual fee, with a super long interest free period offering up to 62 days interest free on purchases.

What we love...

One of the first things you will likely notice about the Beyond Bank Low Rate Credit Card is its balance transfer offer. As a new cardholder, you could benefit from 0% p.a. on balance transfers for 12 months, allowing you to transfer the balance from non-Beyond Bank credit or store cards to pay nothing in interest on that balance for a whole year.

Unlike some other balance transfer cards, the Beyond Bank Low Rate Credit Card gives you some time to get organised after you apply. Instead of providing details of the balance transfer at application, you have up to a month to advise the bank of what you would like to transfer. Another nice feature of this offer regards the revert rate: any balance left unpaid at the end of the intro period reverts to the card’s purchase rate.

However, the Beyond Bank Low Rate Credit Card is much more than just its offer. It also happens to work very well as a low cost card in the long term, allowing cardholders to keep costs down with a low ongoing purchase rate and a low annual fee. How does it do this? First up, the card is pretty basic. With fewer features, it can keep costs low.

In addition to that though, Beyond Bank is a mutual bank. It is owned by its members rather than external shareholders, which means it can pass profits back to customers in the form of better rates and lower fees. As a cardholder, you benefit from being part of a bank that supports community projects, while also enjoying lower rates and lower fees on your card.

Another nice feature on the Beyond Bank Low Rate Credit Card that’s worth pointing out is its interest free period. As long as you pay your balance by the due date, you can benefit from up to 62 days interest free on purchases. This is significantly longer than the standard 44 or 55 day period offered on other cards, and could help you save heaps month to month.

What’s not so great...

As a cardholder, you will not earn rewards on the Beyond Bank Low Rate Credit Card. You will also not benefit from any enticing extras, such as travel credit, complimentary insurance covers or airport lounge access. If features, rewards and extras are important to you – and you think they offer you value – you may want to look elsewhere.

Why should you choose this card?

If you want to take advantage of a cracking 0% p.a. balance transfer offer, the Beyond Bank Low Rate Credit Card could be an awesome option for you. However, even if you don’t have a balance to transfer, the card could be a great choice ongoing, helping you to save with a low annual fee and low purchase rate.

If you carry a balance, that low purchase rate could help you save on interest costs. If you clear your balance each month, the interest free period of up to 62 days could also be a real money-saver. In terms of annual fees, these are kept nice and low, with the option to add up to four additional cardholders to the account at no extra charge.

Other features on offer include Visa payWave for fast, contactless payments at the checkout, Verified by Visa for safer shopping online, and Visa’s Zero Liability Policy to reduce your liability in the event of fraud. The card is also compatible with Apple Pay and Google Pay, so you can sync it to your device for even more accessibility.

Overall Rating

A low rate card with a low annual fee, the Beyond Bank Low Rate Credit Card provides the opportunity to save even more with up to 62 days interest free on purchases, and 0% p.a. on balance transfers for 12 months.

User reviews

Beyond Bank Low Rate Credit Card ( based on 1 Creditcard.com.au user review )

57% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 12.49% p.a.

Cash advance rate 19.99% p.a.

Interest free period on purchases up to 62 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 12.49% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Beyond Bank, Citi, Suncorp

Credit limits

Minimum credit limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $49 p.a.

Additional card holder fee Up to 4 - $0 p.a.

Foreign transaction fee 3%

Minimum repayment

Cash advance fee N/A

Late payment fee $25

Additional features

Complimentary insurance

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

Overview

Beyond Bank Low Rate Credit Card

Beyond Low Rate Visa is the only credit card from Beyond Bank. It features a 0% for 12 months on balance transfers and a low 12.49%p.a. on purchases.

Key features

  • 0% p.a. for 12 months on balance transfers completed in the first month after card funding
  • Annual fee of $49
  • 12.49%p.a. on purchases
  • 19.99%p.a. on cash advances
  • Up to 4 additional cardholders free
  • Up to 62 days interest-free on retail purchases
  • Credit limits starting from $1,000

Minimum criteria to apply for this card

  • 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

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.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

8 questions (showing the latest 10 Q&As)

John Hamilton

John Hamilton

7 May 2018
What rewards (ie Qantas points) are available via a beyond bank credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 May 2018
    Hi John, there is only this one credit card available with Beyond Bank. It does not come with any rewards programs. If you are looking for a rewards card then check out our bonus point credit card section. Its great to get a head start with massive Qantas bonus points.
bronwyn

bronwyn

13 March 2018
Does beyond bank have a low rate credit card without an annual fee.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 March 2018
    Hi Bronwyn, no, really there is only 1 credit card option with Beyond bank. There is also a Visa Debit Card option as well.
Leanne Mooney

Leanne Mooney

7 January 2017
I have exellant credit. Rating.my home is worth 330,000 i owe under 17.000. I am on a penion, but i suppliment income taking bordets in, So incom e is anything from 30,000 plus
Aurel. Bican

Aurel. Bican

4 January 2017
How long will take for approved
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 January 2017
    Hi Aurel, it typically takes between 5-10 business days to be approved for a card but this can vary due to the volume of applications / time of year etc.
Do vee

Do vee

10 November 2016
I am an Australian citizen and have lived overseas for the past 13yrs of my life before returning to Australia my question is that with no credit history but at 33 with a full time job of $75,000 per annum how do I go about applying for this credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 November 2016
    Hi Do, welcome back to Australia, I hope you are setting in nicely. You can apply for this card directly on the Beyond Bank site - http://www.beyondbank.com.au/personal-banking/credit-cards/low-rate-visa-card.html. In the end when selecting a card you need to think about your needs. A low rate card is good for people that don't pay their balance in full each month, thus need the lower rate on purchases. Otherwise I would be looking at a rewards card that can earn points for Flights etc. Let me know if you would like some suggestions.
Frank

Frank

19 May 2016
My sole income is a blind pension from Centrelink. What are my chances of getting a credit card with a balance of $1000? Thank you for your time, regards FRANK
gayan

gayan

3 March 2016
I'm not a permanent resident can I still apply for a credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2016
    Hi Gayan, this product is not available for non-permanent residents.
net

net

13 October 2015
do you need good credit history for this?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 October 2015
    Hi Net - bottom line is you need good credit for all credit card applications on this site. If you have not applied for credit for sometime and not been approved, have other good points in your favour then it can be worth a shot.

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