- 11.99% p.a. interest rate on purchases
- 0% p.a. on balance transfers for first 12 months, (reverts to 11.99%, thereafter)
- Low $49 annual fee
- Add additional cardholders at no extra cost
- Up to 45 interest free days on purchases
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HSBC Platinum Credit Card
0% Balance Transfer Offer for 12 months
Request at card application. Reduced annual fee first year.
Australian Military Bank
Australian Military Bank Low Rate Visa Credit Card
Updated 1 November 2024
Australian Military Bank Low Rate Visa Credit Card can save you on interest with 0% p.a. for the first 12 months on balance transfers. This no frills card can also keep costs low with an affordable annual fee and up to 45 days interest free on purchases.
T&Cs apply.
Purchase Rate (p.a)
11.99%
Balance Transfer (p.a)
0% for 12 months
No balance transfer fee.
Reverts to 11.99% p.a.
Annual Fee (p.a)
$49
Pros and cons
- No extra frills
Creditcard.com.au review
Editor Review
Australian Military Bank Low Rate Visa Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Australian Military Bank Low Rate Visa Credit Card
Australian Military Bank Low Rate Credit Card is a real money saver, offering its low ongoing interest rate for purchases at 11.99% p.a. As a fairly simple offering, this no frills card can also keep costs low with an affordable annual fee and up to 45 days interest free on purchases, plus a an introductory offer of 0% p.a. on balance transfers for 12 months.
What we love...
Australian Military Bank has been very dedicated in providing financial services to Australian Defence personnel, their families and the broader Defence community. And, as a member-owned organisation, the bank has been offering low fees and affordable ongoing interest rates to its members.
Australian Military Bank Low Rate Credit Card is a great option for cardholders who seek a money-saver and no frills card and just simply want access to credit.
It is currently offering an introductory rate at 0% p.a. for 12 months when you request a balance transfer at the time of your application. This reverts to a competitively low ongoing purchase interest rate at 11.99% p.a. While it’s always best to clear your balance month-to-month – especially when paying off a transferred balance – this card does keep ongoing interest on purchases which is one of the lowest in the market.
The Australian Military Bank Low Rate Credit Card has also a nice low annual fee, so even if you don’t use it that often, it won’t break the bank keeping it in your wallet. Another money-saving feature this card offers is interest free days on purchases. That means, as long as you clear your balance each month by the due date, you can benefit from interest free shopping, with up to 45 days to pay.
What’s not so great...
This card is not a perk-provider. Though it presents introductory and promotional offers, features such as rewards, bonus points, complicated offers and other lovely extras, this card doesn’t have them.
Why should you choose this card?
If you tend to carry a balance on your card, choosing one with a low rate could help you save on interest as you pay down what you owe. As the Australian Military Bank Low Rate Visa Credit Card has one of the lowest purchase rates on the market, this could make it a fantastic choice for anyone looking to keep interest payments as low as possible.
As a cardholder, you can benefit from all the security features that come with it being a Visa card, including microchip free fraud protection service and Verified by Visa for online purchases. This card is connected to the Visa network, so you can use it in Australia or overseas wherever Visa is accepted. Plus, Visa payWave also comes standard on this card, helping to save cardholders time and hassle at the checkout.
Australian Military Bank Low Rate Visa Credit Card is very straightforward and comes with a low annual fee and an affordable ongoing interest rate for purchases, thus this is the only credit card you'll ever need.
Overall Rating
Appealing to money-savers and those who prefer simplicity, the Australian Military Bank Low Rate Visa Credit Card has one of the lowest ongoing purchase rates you’ll find, as well as a low annual fee, up to 45 days interest free on purchases and promotional offer of 0% p.a. on balance transfers for 12 months.
User reviews
Rates and fees
Interest rates
Purchase rate 11.99% p.a.
Cash advance rate 19.99% p.a.
Interest free period on purchases up to 45 days
Balance transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer revert rate 11.99% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit N/A
Brands you can't balance transfer from Australian Military Bank
Credit limits
Minimum credit limit $2,000
Maximum credit limit N/A
Fees & repayments
Annual fee $49 p.a.
Additional cardholder fee $0
Foreign transaction fee 3%
Minimum repayment 2% or $20 (whichever is greater)
Cash advance fee $4.50
Late payment fee $10
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
Overview
Australian Military Bank Low Rate Visa Credit Card
The Australian Military Bank Low Rate Visa Credit Card has up to 45 days interest free on purchases, a low annual fee of $49 and a competitive 11.99% p.a. on purchases.
Key features
- 11.99% p.a. interest rate on purchases
- 0% p.a. on balance transfers for first 12 months, (reverts to 11.99%, thereafter)
- Low $49 annual fee
- Add additional cardholders at no extra cost
- Up to 45 interest free days on purchases
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent resident or citizen of Australia.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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