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Credit Cards

Low Interest Rate Credit Cards

Compare low interest rate credit cards

  • Low Rates under 16% p.a.
  • Balance Transfer available on some cards
  • Lower repayments if you carry a balance or miss payments

Try the Advanced Search - tailored to your spending habits.

Card Rewards Points Annual Fee Interest Rate Balance Transfer  
St.George Vertigo Card
St.George Vertigo Card
0% Balance Transfers for 14 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $55 13.24% 0%for 14 months
More details...
St.George Vertigo Platinum Card
St.George Vertigo Platinum Card
0% Balance Transfers for 14 Months
  • Range of Complimentary Insurance Covers
  • 3 Free Additional Cardholders
  • Personal Concierge Service
  $99 12.74% 0%for 14 months
More details...
NAB Low Rate Card
NAB Low Rate Card
0% Purchase Interest
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  • 24/7 emergency travel assistance
  $59 0%
for 12 months
then 13.99%
4.99%for 6 months
More details...
Commonwealth Bank Low Rate
Commonwealth Bank Low Rate
0% Purchase Rate for 10 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  • 24/7 emergency assistance overseas
  $78 0%
for 10 months
then 13.49%
5.99%for 5 months
More details...
Citibank Clear Platinum Credit Card
Citibank Clear Platinum Credit Card
0% Interest & Annual Fee Halved
  • Free bottle of wine when dining at partner restaurants
  • Range of Complimentary Insurances
  • Personal Concierge Service
  $99 0%
for 9 months
then 12.99%
0%for 9 months
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Suncorp Bank Clear Options Standard Credit Card
Suncorp Bank Clear Options Standard Credit Card
$0 Annual Fee First Year
  • Ongoing Low Purchase Interest Rate
  • Fraudshield® security protection
  • Free Additional Cardholder
  $55 12.74% -
More details...
Commonwealth Bank Low Rate Gold
Commonwealth Bank Low Rate Gold
0% Purchase Rate for 10 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  • Range of Complimentary Insurances
  $120 0%
for 10 months
then 13.49%
5.99%for 5 months
More details...
Westpac Low Rate Visa Card
Westpac Low Rate Visa Card
0% Purchases & Balance Transfers
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $45 0%
for 12 months
then 13.49%
1.99%for 12 months
More details...
Bank of Melbourne Vertigo Card
Bank of Melbourne Vertigo Card
0% on Balance Transfers for 14 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $55 13.24% 0%for 14 months
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BankSA Vertigo Card
BankSA Vertigo Card
0% Balance Transfers for 14 Months
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholder
  $55 13.24% 0%for 14 months
Go to site
BankSA Vertigo Platinum Card
BankSA Vertigo Platinum Card
0% Balance Transfers for 14 Months
  • Range of Complimentary Insurance Covers
  • 3 Free Additional Cardholders
  • Personal Concierge Service
  $99 12.74% 0%for 14 months
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Virgin Money Low Rate Credit Card
Virgin Money Low Rate Credit Card
0% Balance Transfers
  • Ongoing Low Purchase Interest Rate
  • Fraudshield® security protection
  $99 10.99% 0%for 6 months
Go to site
Bank of Melbourne Vertigo Platinum Card
Bank of Melbourne Vertigo Platinum Card
0% on Balance Transfers for 14 Months
  • Range of Complimentary Insurance Covers
  • 3 Free Additional Cardholders
  • Personal Concierge Service
  $99 12.74% 0%for 14 months
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American Express Low Rate Credit Card
American Express Low Rate Credit Card
  • Ongoing Low Purchase Interest Rate
  • Free Additional Cardholders
  • Refund/ Purchase Protection
  $65 11.99% 0.99%for 6 months
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Current Credit
Card Promotions

The market for credit cards is constantly changing so it can be hard to find current credit card promotions. Whether you want a low fee, low interest, balance transfer, or Frequent Flyer rewards credit card - you can compare credit card promotions here to find a credit card to suit your needs. Each month we will compare credit card offerings from major Australian lenders and bring you a selection of new credit card promotions.

How do we choose the monthly promotions?

Each month, there's a range of promotional offers available from credit card providers and we highlight a selection of notable offers based on the relative size or discount offered by the provider. To qualify for listing on this page, the offer needs to be a special offer beyond the standard product construct offered normally on the credit card. For some of the credit cards on WhistleOut, we can receive commissions if you apply for the credit card. Please ensure you consider the full terms and conditions of each card and that whether the promotional offer suits you at this time.


Qantas American Express Ultimate Credit Card

Qantas American Express

Ultimate Credit Card

Up to 50,000 Bonus Qantas Points

Receive up to 50,000 bonus Qantas Points if you apply by 30 June 2014 and make the eligible card spend(s). Offer available to new AMEX Qantas Ultimate cardholders. Pay only $250 Annual Fee for the first year with the Qantas American Express Ultimate Card. Plus pay 0.99% interest on Balances Transferred for the first 6 months. (1% balance transfer fee applies).

This promotion includes:

  • Up to 50,000 Bonus Qantas Points
  • 0.99% pa on balance transfers for 6 months
  • Earn up to 3 points per dollar spent
  • Up to 44 days interest free
  • Reduced annual fee for first year

Apply for this card now:

Go to site

Low Rate Credit Card

Virgin Money

Low Rate Credit Card

0% pa on Balance Transfers For 6 Months

Get 0% pa for 6 months on balances transferred to this Virgin Money Low Rate credit card, and enjoy a great low standard variable interest rate on purchases of just 10.99% pa. Offer available until 31 July 2014.

Virgin Money are promoting:

  • 0% pa on balance transfers for 6 months
  • Low 10.99% pa variable interest rate
  • Up to 44 days interest free
  • Additional card holders available

Apply for this card now:

Go to site

0% pa Balance Transfer For 9 Months

The Clear Platinum credit card from Citibank offers 0% pa for 9 months on balance transfers. You also pay only half the usual annual fee of $99 - just $49 for the first year!

This promotion from Citibank includes:

  • Up to 55 days interest free
  • 0% pa for 9 months on balance transfers
  • Visa 24 hour conceirge service
  • $49 Annual fee for the first year

Apply for this card now:

Go to site

20,000 Bonus Velocity Points

With the Low Fee Card from NAB you can receive 20,000 bonus Velocity Points when you apply before 31 July 2014.

This promotion from NAB includes:

  • 20,000 bonus Velocity Points
  • 4.99% pa on balance transfers for 6 months
  • Up to 44 days interest free on purchases
  • $65 Annual fee

Apply for this card now:

Go to site

Low Interest Credit Cards

With more people using credit cards, there has been an increase in the amount of credit card variants available to consumers. One strategy has been to lure potential customers via a low rate credit card which features a low rate of interest charged on purchases rather than a rewards program.

A low interest rate is simply defined as rate which is considerably lower than the standard interest rates offered on many credit cards. This may be either a low ongoing rate for the life of the card or a low introductory interest rate which will revert back to the standard rate of interest after a set period of time, or a combination of the two.

Interest on purchases is usually charged if you don't pay your balance off in full before the expiration of the interest free days available. When there are interest free days available on a credit card, these interest free days include the month in which the purchase is made. An example of a 55 day interest free period works like this:

  1. You get your credit card and activate it. This commences your statement period
  2. You make your first purchase on the same day
  3. Your statement will conclude after 30 days, totaling all of your purchases in the period
  4. When your statement comes, you then have up to 25 days to make the full payment on that activity before you will be charged interest. The 30 days since first purchase and the 25 days to pay makes up the 55 day interest free period
A low interest credit card might be appealing to those who don't manage to pay off their credit card balance in full every month or who regularly make large purchases with their credit card. High interest rates can quickly increase your debt and can cripple you with large monthly payments, therefore a lower rate of interest can save a substantial amount of money in interest costs.

Before applying for a low interest rate credit card, be sure to check all the finer details and read the small print. The interest charged on a credit card is basically a fee payable to the bank for the privilege of being able to borrow their money. In this way low interest credit cards are not as profitable for banks so they may try to compensate for this by charging for other fees such as an annual fee, higher cash advance rates and late payment fees. It is important to review all features before selecting your ideal card.

If the low interest rate offered is for an introductory period only, be sure also to check the rate that the interest will revert to. This could be higher than many of the standard rates of interest currently available. Try and repay as much of your debt as you can within the lower rate period before the rate reverts to the higher standard variable rate. An introductory rate is often referred to as a honeymoon rate.

In correlation with low annual fee credit cards, a down side to low interest credit cards can be the lack of additional features such as extended purchase warranty, bonus insurances or emergency cover. It is worth considering all of the features offered by a credit card, not just looking at the interest rate are as other features can also be valuable and save you money in other ways.

Compare Credit Cards

Compare credit cards from the following providers...

American Express Credit Cards HSBC Credit Cards Westpac Credit Cards Woolworths Credit Cards BankSA Credit Cards Bank of Queensland Credit Cards
NAB Credit Cards Commonwealth Bank Credit Cards St.George Credit Cards Coles Credit Cards Bank of Melbourne Credit Cards Suncorp Bank Credit Cards
Citibank Credit Cards Virgin Money Credit Cards

Disclaimer:

WhistleOut is not suggesting that you apply for a particular credit card provided by any of the following credit providers, nor are we trying to assist you to apply for a credit card from any of the following providers. We recommend that you seek professional advice before acting upon any information provided on this web site.

WhistleOut may receive a commission from some credit card providers.
 

Credit Card Offers

Credit Card Promotions Wrap-Up: August Edition

Credit Card Promotions Wrap-Up: August Edition

Editor's overview four promotions available on Credit Cards in August.