Which Australian bank offers the lowest interest rates under the interest-free and low rate credit cards27.05.2020
Bankchart.com.au has surveyed the terms of the offered interest free and low rate credit cards in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 27.05.2020
As of 15 May 2020 the loans under review have been offered by 29 banks. The average comparison rate under such loans equals 13,04 % p.a. The total number of the loan programs available for the specified loan terms is 41.
The most affordable credit card is offered by G&C Mutual Bank. The comparison rate under "Low Rate Visa Credit Card" loan program constitutes 8,43 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.
The TOP-29 interest free and low rate credit cards, as of 15 May 2020
#
Name
Interest Purchase Rate, %
1
7,49
interest purchase rate, %
interest rate (purchases)
7,49 %
annual fee
$ 50,00
grace period
55
a class of the card
Visa Card
2
8,99
interest purchase rate, %
interest rate (purchases)
8,99 %
annual fee
$ 0,00
grace period
55
a class of the card
American Express Card
3
9,90
interest purchase rate, %
interest rate (purchases)
9,90 %
annual fee
$ 9,00
grace period
45
a class of the card
Visa Card
4
9,39
interest purchase rate, %
interest rate (purchases)
9,39 %
annual fee
$ 59,00
a class of the card
Visa Card
5
10,80
interest purchase rate, %
interest rate (purchases)
10,80 %
annual fee
$ 0,00
a class of the card
Visa Gold
6
9,90
interest purchase rate, %
interest rate (purchases)
9,90 %
annual fee
$ 60,00
grace period
55
a class of the card
MasterCard PayPass
7
10,76
interest purchase rate, %
interest rate (purchases)
10,76 %
annual fee
$ 30,00
grace period
55
a class of the card
Visa Card
8
9,59
interest purchase rate, %
interest rate (purchases)
9,59 %
annual fee
$ 99,00
grace period
55
a class of the card
Visa Platinum
9
11,50
interest purchase rate, %
interest rate (purchases)
11,50 %
annual fee
$ 0,00
grace period
55
a class of the card
Visa Card
10
11,95
interest purchase rate, %
interest rate (purchases)
11,95 %
annual fee
$ 0,00
grace period
55
a class of the card
Visa Card
11
11,95
interest purchase rate, %
interest rate (purchases)
11,95 %
annual fee
$ 0,00
grace period
44
a class of the card
Visa Card
12
11,99
interest purchase rate, %
interest rate (purchases)
11,99 %
annual fee
$ 0,00
a class of the card
Visa Card
13
11,99
interest purchase rate, %
interest rate (purchases)
11,99 %
annual fee
$ 0,00
grace period
55
a class of the card
MasterCard PayPass
14
11,99
interest purchase rate, %
interest rate (purchases)
11,99 %
annual fee
$ 29,00
grace period
55
a class of the card
Visa Card
15
11,74
interest purchase rate, %
interest rate (purchases)
11,74 %
annual fee
$ 45,00
grace period
55
a class of the card
Visa Card
16
11,99
interest purchase rate, %
interest rate (purchases)
11,99 %
annual fee
$ 49,00
grace period
44
a class of the card
Visa Card
17
11,99
interest purchase rate, %
interest rate (purchases)
11,99 %
annual fee
$ 49,00
grace period
55
a class of the card
MasterCard PayPass, Visa Card
18
12,49
interest purchase rate, %
interest rate (purchases)
12,49 %
annual fee
$ 49,00
grace period
62
a class of the card
Visa Card
19
12,49
interest purchase rate, %
interest rate (purchases)
12,49 %
annual fee
$ 58,00
grace period
55
a class of the card
Visa Card
20
12,74
interest purchase rate, %
interest rate (purchases)
12,74 %
annual fee
$ 55,00
a class of the card
Visa Card
21
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 49,00
grace period
55
a class of the card
MasterCard PayPass
22
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 58,00
grace period
55
a class of the card
MasterCard PayPass
23
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 59,00
grace period
55
a class of the card
Visa Card
24
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 79,00
grace period
55
a class of the card
MasterCard PayPass
25
13,49
interest purchase rate, %
interest rate (purchases)
13,49 %
annual fee
$ 55,00
grace period
55
a class of the card
Visa Card
26
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 99,00
grace period
55
a class of the card
Visa Card
27
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 99,00
grace period
55
a class of the card
Visa Platinum
28
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 99,00
grace period
55
a class of the card
Visa Platinum
29
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 99,00
grace period
55
a class of the card
Visa Platinum
To view the up-to-date rating of the credit cards at our website, click here.
Reference:
Comparison Rate means quoted interest rate adjusted subject to non-recurring and periodical fee, if applicable.
Published: 27 May 2020
Author: Prostobank Consulting
Source: https://bankchart.com.au