- No annual fee the first year - $49 p.a. thereafter
- 0% p.a. on balance transfers for the first 20 months with no balance transfer fee
- Up to 9 additional cardholders at no extra cost
- Low purchase rate of 11.99% p.a.
- Up to 55 days interest free on purchases
- Eligible with Apple Pay and Google Pay
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Citi Rewards Card - Balance Transfer Offer
0% balance transfer for 30 Months*
Reverts to cash advance rate. $49 first-year annual fee.
CUA Credit Cards
CUA Low Rate Credit Card
Updated 24 January 2021
No annual fee the first year, $49 p.a. thereafter. Low purchase rate and add up to 9 additional cardholders at no extra cost. 0% p.a. for 20 months on balance transfers with no balance transfer fee.
Purchase Rate (p.a)
11.99%
Balance Transfer (p.a)
0% for 20 months
No balance transfer fee.
Reverts to 21.74% p.a.
Annual Fee (p.a)
$0 first year. Then $49 p.a.
Pros and cons
- After 20 months the balance transfer rate reverts to 21.74% p.a.
Creditcard.com.au review
Editor Review
CUA Low Rate Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The CUA Low Rate Credit Card
If you are looking for a simple low rate card with a low annual fee, the CUA Low Rate Credit Card ticks those boxes. The rate on purchases is a low 11.99% p.a. and the annual fee of $49 is waived the first year.
What we love...
First up, the purchase rate which up there with the lowest in market. You also get the standard up to 55 days interest free on your purchases if you don't carry a balance on the card. If you need to move over an existing credit card debt from another bank or issuer, you can take advantage of the introductory balance transfer offer of 0% p.a. for the first 20 months. There is no balance transfer fee to pay and while it is not the longest 0% balance transfer offer available you still have 20 months to pay off you debt. Don't leave it on there any longer though as any unpaid balance after this period will accrue the cash advance rate of 21.74% p.a.
For the low $49 annual fee you can add up to 9 additional card holders at no extra cost. The annual fee is waived the first year.
What’s not so great...
As mentioned previously the balance transfer offer reverts to the high cash advance rate after the 20 months.
Why should you choose this card?
If you are looking for a low rate credit card with a low annual fee then this card might be for you.
Overall Rating
An excellent low rate credit card providing a low annual fee of $49 p.a. which is currently waived the first year and a long 0% for 20 months on balance transfer.
User reviews
Rates and fees
Interest rates
Purchase rate 11.99% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 20 months
Balance transfer revert rate 21.74% 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 CUA
Credit limits
Minimum credit limt $500
Maximum credit limit N/A
Fees & repayments
Annual fee $49 p.a.
Additional card holder fee Up to 9 at no extra cost
Foreign transaction fee 3.4%
Minimum repayment 3% or $35 (whichever is greater)
Annual fee the first year $0
Cash advance fee 2% or $3.50, whichever is greater
Late payment fee $12.50
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 and Google Pay
Overview
CUA Low Rate Credit Card
A simple low rate credit card with no annual fee in the first year. The CUA Low Rate Credit card has the standard features you’d expect from a low rate credit card, including a low on-going purchase rate, up to 55 days interest free when you don’t carry a balance. With this card you’ll also be banking with a customer-owned financial institution. Pay an annual fee of only $49 (waived first year).
Key features
- Annual fee of $49 - waived first year
- Up to 9 additional cardholders at no extra cost
- Low purchase rate of 11.99% p.a.
- 0% p.a. on balance transfers for the first 20 months with no balance transfer fee
- Up to 55 days interest free on purchases
- Eligible with Apple Pay and Google Pay
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 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.
Ask a question12 questions (showing the latest 10 Q&As)
Hi Roland, I have a credit card for $12000 with a balance of $10000. If I was to apply for CUA Low Rate Credit Card - would my application be accepted for a $12000 CUA card or would the credit amount offered be less. I have a good credit rating & in full time employment
Hi Nicki, unfortunately I can't tell you if your application would be accepted or how much credit you would be offered. It is up to CUA and depends on their lending criteria, which includes evaluation your income and your expenses. If you're planning to balance transfer the $10,000 and close the current card, remember that you'd need to be approved for a credit limit of at least $12,500 to move the entire amount. If you're not approved for the full amount, you will need to pay off the remainder on the existing card as well before closing it. A tip for increasing your chances of approval is to lower any existing unused credit amounts you have.
Hloo sir hope u r safe &doin well during this pandemic time my question is how much minimum credit limit for this one and what all documents I need as I m an international student
Hi Akilesh, this card is not for international students. I would look at something like the ANZ Low Rate. You need at least 9 months left on your Visa. Details to have handy: Australian driver’s licence number (if you have one). Details of your income, expenses, assets and liabilities. Two recent pay slips for income verification. If you’re self-employed, you’ll need your accountant’s phone number. Details of your living expenses, such as regular bills. ANZ account number or Customer Registration Number (if you have one). Your email address
Say If I do the balance transfer of amount $10000 for $15000 card approval... how much monthly instalments it would be? being 13 months on 0% interest.
Hi Sreedhar, if you balance transfer $10,000 and do not spend anything else. Minimum repayment is 3% per month. Therefore you would pay at least $300.
Hi, i am on a bridging visa which means my visa has an indefinite expiry date, from researching ive seen that most credit cards have a minimum 9 months of visa validity, i am wondering if i am eligible for the CUA Low Rate Credit Card or any other credit card, hope to hear back from you, Cheers!
Hi
I have bud record is possible is possible apply for secure credit card for 1000 dollars thanks
Hi Luis, if you have bad credit, then its very unlikely that you will get approval for a new credit card. Even $1000 limit may be a challenge. If you have not applied for credit in 6 months. Plus have good income v expenses, assets v liabilities. Then you can have a go and see. There are no bad credit credit cards in Australia.
Hi Roland,
Do you know any lenders who offer a cheque to self balance transfer. I know that citi bank use to do one and it was super convenient. Curious to know if any other banks have offered this an option in the past? Or would again in the future?
Hi Peter, it is only Citi that offer this. I believe CUA is a Citi issued card. Though I am not sure of the process with CUA.
Hi Roland
I have changed banks to CUA from CBA and have got the CUA rewards card. I suspect it is quite lame, as we are used qantas points on a CBA package. We are thinking of ditching the CUA cards once the home loan is settled. We are after points , virgin points specifically now.
Hi Peter, it is true that CUA cards are not great for rewards. In saying that CBA are not good as well. For the card that is best. It would be based on your monthly spend. Let me know what you expect this to be. Then I can provide some refined options. The Virgin Velocity High Flyer comes to mind straight away. At 1 point per $1 spend on a Visa up to $8,00 per month. This could work.
Iam a pesioner and receiving 907.20 dollars pesion per forthnight. I live with my son and family and daily expenses are being shoulder by them. Will i qualify to apply for a credit card?
Hi Maura, CUA do not see the pension as income. Therefore you would need income from other sources to apply. I would try cards like the St George Vertigo where they can see the pension as income.
If i have a credit card limit of $5000 what is the amount i can draw out in cash
Hi Betul, you can pull out cash up to your available credit limit, inc any fees. Therefore if you had the full $5,000 available, then you could pull out near that amount as you have to factor in any fees.
What is the max initial credit limit on this card?
Hi Eric, there is no set max initial limit. The credit limit will be defined by CUA at the point of application. Bottom line this is not a high end card so limits are not likely to be huge. If you are looking for higher credit limits then you need to look at a more premium low rate card e.g. St George Vertigo Platinum
I have my cua account and with a platinum master card with Citibank. I want another credit card as my platinum has been fraudently used several times. This is inconvenient as then I have no card until it is replaced. Can u have 2 accounts?
Hi Elaine - I don't think you can have 2 accounts for the same card but you can have 2 cards, be it that they may be with a different bank or with a different product through CUA. I have a number of cards myself with different banks. I know it is annoying when 1 is cancelled and you have to wait.
do you have a card with min of $500
This card as a $2,000 minimum
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Cynthia
28 January 2013The difference with this low rate card is the purchase insurance - if you use your card alot you can get some really good value on the protection thrown in - theft, loss or damage up to 90 days after you\'ve bought something
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