- One low ongoing interest rate of 8.99% p.a. on purchases and cash advances
- 0% p.a. balance transfer offer for the first 12 months. No balance transfer fee applies. Rate will revert back to the standard credit card rate
- Free Additional cardholder
- Up to 55 days interest-free on purchases
- Eligible for Apple Pay, Google Pay, and Samsung Pay
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Community First Credit Cards
Community First Low Rate Visa Card
Updated 2 December 2024
A simple credit card that offers one low ongoing interest rate of 8.99% p.a. on purchases, balance transfers, and cash advances. The annual fee is low at $50 p.a. and you'll pay 0% p.a. on a balance transfer for the first 12 months (no balance transfer fee applies).Terms and conditions apply
Purchase Rate (p.a)
8.99%
Balance Transfer (p.a)
0% for 12 months
No balance transfer fee.
Reverts to 8.99% p.a.
Annual Fee (p.a)
$50
Pros and cons
- Nothing really
Creditcard.com.au review
Editor Review
Community First Low Rate Visa Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Community First Low Rate Visa Card
With one low ongoing interest rate on purchases, balance transfers and cash advances, the Community First Low Rate Visa Card is a card that knows how to keep it simple. It has a low annual fee and up to 55 days interest free on purchases when you clear your balance each month, backed by Community First customer support and all the features of a standard Visa card.
What we love...
The Community First Low Rate Visa Card is an award-winning credit card that offers no frills benefits to cardholders who want to keep costs down. One of the first things to note about this card is its super low rate of interest. This low rate covers purchases, cash advances and balance transfers, so not only is it simple, it could also help you save money day to day on your card use.
How can Community First offer such as low rate on this card? Community First is a mutual organisation, which means it is owned by its members rather than external shareholders. So, instead of looking to improve its bottom line to provide dividends to those shareholders, Community First can reinvest its profits back into the organisation to provide better rates and lower fees to members.
While you may see bigger banks offering their version of a ‘low rate’ card, it’s likely their rate won’t be as low as the one offered on the Community First Low Rate Visa Card. And, happily, its low cost status also extends to the card’s annual fee, which is lovely and low. Sometimes you find low rate cards have slightly higher annual fees, but that’s not the case with this card.
Another appealing feature on the card is its interest free period. While it’s not uncommon to find interest free days on most cards, if you want to save on interest, it’s generally better to choose a card with interest free days offered. How this works is, as long as you pay off your balance by the due date each month, your purchases will benefit from an interest free period of up to 55 days.
What’s not so great...
With its low annual fee and low interest rate, the Community First Low Rate Visa Card is designated a low cost card. While this can be a great option for money savers, the card doesn’t have much in the way of fancy features. If want more features and you don’t mind paying a higher annual fee – and you clear your balance each month to avoid interest – a card with more extras may be better for you.
Why should you choose this card?
If you want a basic card that provides you access to credit while helping you save on interest and annual fees, it could be hard to go past the Community First Low Rate Visa Card. With its super low purchase rate, you could save on interest if you carry a balance each month. And with its fairly lenient eligibility requirements, it could be a good option for cardholders getting started with credit.
The current cashback offer covers the annual fee for over 2 years, making it a good value option for an emergency card or basic credit option.
To be eligible for this card, you must be an Australian citizen or a permanent resident over the age of 18. You must have a regular income and have been in your current job longer than six months. You must not have had defaults on any loans, credit cards, interest free finance or store cards in the past five years, and you must not be bankrupt.
As long as you meet these requirements, you could be approved for a credit limit ranging from $500 up to $15,000. You can then use your card to enjoy features such as Visa payWave for a more seamless experience at the checkout, Verified by Visa for safer online transactions, and Visa Zero Liability to reduce your liability if you are the victim of credit card fraud.
Overall Rating
An award-winning card, the Community First Low Rate Visa Card has an incredibly low rate and a low annual fee, with up to 55 days interest free on purchases.
User reviews
Rates and fees
Interest rates
Purchase rate 8.99% p.a.
Cash advance rate 8.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer revert rate 8.99% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit N/A
Brands you can't balance transfer from Community First
Credit limits
Minimum credit limit $500
Maximum credit limit $15,000
Fees & repayments
Annual fee $50 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment $20 or 2.5%, whichever is greater (n0w credit card); $20 or 3%, whichever is greater (other credit cards)
Cash advance fee Domestic: $3 (n0w credit card); free (other credit cards); International: $5
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
Extras
Eligible with Apple Pay
Overview
Community First Low Rate Visa Card
The Community First Low Rate Visa has a low rate of 8.99% p.a. on purchases and cash advances. Low $50 annual fee and up to 55 days interest-free on purchases.
Key features
- 8.99% p.a. on purchases and cash advances
- 0% p.a. on balance transfers for 12 months. No balance transfer fee applies. Rate will revert back to the standard credit card rate
- Free Additional cardholder plus option for joint account
- Up to 55 days interest free on purchases
- Low annual fee of $50
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent Resident or Australian Citizen
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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