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CUA Low Rate Credit Card
CUA Low Rate Credit Card

CUA Credit Cards

CUA Low Rate Credit Card

Updated 22 September 2020

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 13 months on balance transfers with no balance transfer fee.

Purchase Rate (p.a)

11.99%

Balance Transfer (p.a)

0% for 13 months No balance transfer fee.
Reverts to 21.74% p.a.

Annual Fee (p.a)

$0 first year. Then $49 p.a.

$0 over 13 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No annual fee the first year - $49 p.a. thereafter
  • 0% p.a. on balance transfers for the first 13 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

  • After 13 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. 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 13 months. There is no balance transfer fee to pay and while it is not the longest 0% balance transfer offer available you still have 13 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 13 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 13 months on balance transfer.

User reviews

CUA Low Rate Credit Card ( based on 3 Creditcard.com.au user reviews )

88% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value
75%

Cynthia

28 January 2013

The 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

Recommends this card

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 13 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%

Annual fee the first year $0

Cash advance fee 2%

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 13 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

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.

11 questions (showing the latest 10 Q&As)

Akilesh

Akilesh

11 July 2020
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 July 2020
    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
Sreedhar

Sreedhar

4 July 2020
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 July 2020
    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.
Eloise

Eloise

27 June 2020
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!
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 June 2020
    Hi Eloise, I have found that its hard to get credit approval on a bridging Visa. CUA is not a provider that I think you would be eligible for. Have a look at the bigger banks like ANZ, CBA, NAB and Westpac.
Luis blanco

Luis blanco

18 June 2020
Hi I have bud record is possible is possible apply for secure credit card for 1000 dollars thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2020
    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.
Peter

Peter

18 June 2020
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2020
    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.
Peter

Peter

3 October 2019
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 October 2019
    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.
Maura Adame

Maura Adame

14 May 2019
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 May 2019
    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.
betul ozgur

betul ozgur

16 January 2018
If i have a credit card limit of $5000 what is the amount i can draw out in cash
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 January 2018
    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.
EG

EG

8 September 2016
What is the max initial credit limit on this card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 September 2016
    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
Elaine Mathews

Elaine Mathews

14 October 2015
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 October 2015
    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.
shirley

shirley

5 July 2015
do you have a card with min of $500
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 July 2015
    This card as a $2,000 minimum

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