How to Apply for your Bank Australia Low Rate Visa Credit Card Credit Cards

The Low Rate Visa Credit Card from Bank Australia serves as a reliable and ethical choice for Australians who desire a simple, transparent, and affordable credit card. In a financial market saturated with complex rewards programs and high fees, this card distinctly focuses on minimizing costs for everyday consumers. Boasting one of the lowest variable interest rates (currently at 12.99% p.a. as of September 2025) for both purchases and cash advances, the card is ideal for anyone looking to keep credit expenses under control.

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Bank Australia’s approach sets it apart, appealing to individuals who prefer ethical and sustainable banking alongside efficiency in their financial products. With no annual fee and no late payment fees, this card effectively lowers the barriers to responsible borrowing. It also integrates global Visa acceptance, advanced fraud monitoring, and compatibility with digital wallets for seamless, secure transactions, making it a strong contender for best low rate credit card in Australia.

Advantages of the Low Rate Visa Credit Card

• Low 12.99% p.a. variable purchase and cash advance rate—one of the lowest in the Australian market.
• No annual fee—reducing ongoing costs for the cardholder.
• No late payment fees—removes penalty stress if a payment is missed.
• Balance transfer offer—0% p.a. for 6 months, helping customers reduce higher-interest debt.
• Visa global acceptance with contactless payments and support for digital wallets.
• Robust fraud monitoring and card control features via the Bank Australia app and Internet Banking.

Detailed List of Card Benefits

• Low Ongoing Interest Rate: Both purchases and cash advances attract the same low 12.99% p.a. variable rate, which stands out against common Australian credit card rates. This significantly benefits those who may need to revolve a balance month-to-month, allowing them to manage debt in a more cost-effective manner.
• No Annual Fee & No Late Payment Penalties: With $0 charged annually and no punitive fees for missed payments, the card prioritizes cost-conscious management and removes the common stressors associated with credit.
• 0% p.a. for 6 Months on Balance Transfers: Customers can move existing higher-rate debt to this card and pay no interest on the balance for six months—a powerful tool for consolidating and paying down debt quickly.
• Powerful Security & Card Management: Includes 24/7 fraud monitoring, instant transaction notifications, and the ability to immediately lock, unlock, or block contactless payments and international transactions via the Bank Australia mobile app or online platform.
• Digital Wallet & Contactless Payments: Compatible with Apple Pay, Google Pay, and Samsung Pay, as well as standard ‘tap-and-go’ payments through Visa, making daily spending efficient and contactless.
• Global Acceptance: Visa’s extensive network ensures the card is welcomed by millions of merchants worldwide.

Requirements and Prerequisites

To apply for the Low Rate Visa Credit Card, applicants must:

• Be at least 18 years old
• Be living in Australia (permanently or with a valid visa)
• Have a regular source of income
• Provide key identity documents (driver’s licence or passport, and Medicare card)

A good credit score and responsible borrowing history improve approval chances. Bank Australia may request verification of income, expenses, and debts to assess suitability for the card. Full details and up-to-date eligibility info are available on the official card page.

About the Bank

Established through the merger of several Australian credit unions, Bank Australia is one of the nation’s largest customer-owned financial institutions. With over 60 years in the Australian banking sector, it prides itself on responsible, ethical banking practices—placing people and the planet above profits.
As a certified B Corp, Bank Australia meets high standards for environmental, social, and corporate governance. The bank reinvests profits into community and environmental initiatives rather than distributing them to shareholders. With comprehensive digital and localized personal service (including branches, online banking, and a dedicated support center), it maintains a strong presence across Australia while supporting customers’ evolving needs.

Who Is This Card For?

The Low Rate Visa Credit Card is designed for Australians seeking maximum simplicity and minimal costs in their credit products. It suits:

• Ethically-minded individuals—those who want their banking to support sustainability and social impact over shareholder dividends
• Budget-conscious consumers—who prioritize saving on interest and fees over reward points or premium perks
• Users looking to consolidate balances—especially with the 0% for 6 months balance transfer option
• First-time cardholders or those wanting to avoid surprises from high fees or complicated terms.

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Step-by-Step Guide to Apply

1. Visit the official application page
2. Prepare your identification documents (driver’s licence or passport, Medicare card) and proof of income.
3. Complete the online application form, which will require details about your income, expenses, and debts.
4. Submit your application and upload supporting documentation as prompted.
5. Wait for credit assessment (this usually takes a few business days depending on your situation).
6. If approved, sign and return any required documentation.
7. You’ll receive the card by post; activate it via Internet or Mobile Banking.

Bank Australia also offers direct personal support through their call centre if you have questions at any stage.

Bank Australia Mobile App

To manage your credit card on-the-go, download the Bank Australia mobile app:

• Android: Google Play Store
• iOS: Apple App Store

Pros and Cons of the Card

Pros:

• Market-leading low interest rate for purchases and cash advances (12.99% p.a.)
• No annual or late payment fees—rare among Australian credit cards
• Strong ethical and customer-focused credentials
• Robust digital management, security, and quick card controls
• 0% balance transfer for 6 months—a major plus for debt consolidation

Cons:

• Lacks a traditional rewards program (points, miles, or cashback)
• No complimentary insurances (e.g., international travel cover) found on premium cards
• International transaction fee (3%) could be costly for frequent overseas purchases
• Minimum credit limit is $1,000; those seeking ultra-low limits may need to look elsewhere
• Advanced features are mostly managed online or via app—those less comfortable with digital banking may find this a transition

How to Activate the Card

Once your card arrives:

1. Log in to Bank Australia Internet Banking or use the Bank Australia app
2. Locate the “Cards” section and follow prompts to activate your new card
3. Set up a card PIN and enable any card controls you require (e.g., online shopping, payWave)
4. Optionally, add to your preferred digital wallet (Apple Pay, Google Pay, Samsung Pay)

Full activation support is available by phoning Bank Australia at 132 888.

Fees and Charges

• Annual Fee: $0 (no annual charge)
• Purchase/Cash Advance Rate: 12.99% p.a. variable
• Balance Transfer Rate: 0% p.a. for 6 months (then reverts to standard rate)
• Cash Advance Fee: $3.50 per transaction
• International Transaction Fee: 3% of the transaction value
• Minimum Credit Limit: $1,000
• Maximum Credit Limit: Subject to personal assessment—varies based on applicant’s credit and income

Consult the official fee schedule and Product Disclosure Statement for complete tariff details.

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Customer Service

For assistance, Bank Australia offers a broad range of customer service channels:

• Call: 132 888 (Mon-Fri 8am-8pm, Sat 9am-2pm AEST/AEDT)
• Online chat: Live chat
• Contact form & branch details
• Secure in-app or Internet Banking messaging