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Pros
0% p.a. balance transfer rate for 13 months
Low interest rate on purchases
Annual fee of $49, waived first year
Cons
After 13 months balance transfer rate reverts to cash advance rate of 21.74% p.a.
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).
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
| Interest Rates | |
| Purchase rate | 11.99% p.a. |
| Cash advance rate | 21.74% p.a. |
| Interest free on purchases | up to 55 days |
| Balance Transfer | |
| Balance transfer rate | 0% p.a. for 13 months |
| Balance transfer fee | No fee |
| Balance transfer revert rate | 21.74% p.a. |
| Balance transfer limit | 80% of your approved new credit limit |
| Balance transfer from personal loan | No |
| Banks you can't balance transfer from | CUA |
| Credit limits | |
| Minimum credit limit | $500 |
| Maximum credit limit | N/A |
| Fees & repayments | |
| Annual fee | $49 p.a. |
| Annual fee first year | $0 |
| Additional cardholder fee | Up to 9 at no extra cost |
| Cash advance fee | 2% |
| Foreign transaction fee | 3.4% |
| Minimum repayment | 3% |
| Late payment fee | $12.50 |
| Credit card type | Mastercard |
| Complimentary insurance | |
| Flight inconvenience insurance | No |
| Transport accident cover | No |
| Smartphone screen insurance | No |
| Purchase protection insurance | No |
| Extended warranty insurance | No |
| Rental vehicle excess cover | No |
| Extras | |
| Eligible with Apple Pay and Google Pay |
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.
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.
As mentioned previously the balance transfer offer reverts to the high cash advance rate after the 13 months.
If you are looking for a low rate credit card with a low annual fee then this card might be for you.
An excellent low rate credit card providing a low annual fee of $49 p.a. which is currently waived the first year.
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.
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.
As mentioned previously the balance transfer offer reverts to the high cash advance rate after the 13 months.
If you are looking for a low rate credit card with a low annual fee then this card might be for you.
An excellent low rate credit card providing a low annual fee of $49 p.a. which is currently waived the first year.
CUA Low Rate Credit CardThe 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 cardPurchase rate 11.99% p.a.
Cash advance rate 21.74% p.a.
Interest free on purchases up to 55 days
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
Minimum credit limt $500
Maximum credit limit N/A
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
Overseas travel insurance No
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Eligible with Apple Pay and Google Pay
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).
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.
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