Australia
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Australia Credit Card Interest Rates
| Provider | Rate | Type | ||
|---|---|---|---|---|
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Bank Australia Low Rate Visa Credit Card minimum limit is 1000. Same interest rate for purchases and cash advances +Follow |
9.39% | Low Rate | Apply Aug 2019 |
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Bankwest Low Rate Credit Card The rate indicated applies to the rate on purchases and has different rates for cash advances and balance transfers. It has 55 days of interest free for purchases and as at 2015 it has an annual fee of $59. Please Visit the Bankwest website for specific conditions and terms before applying for this card. +Follow |
9.90% | Low Rate | Apply Sep 2019 |
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Westpac Lite CardShopping online or travelling overseas - Pay no foreign transaction fees and get our lowest purchase rate with the Westpac Lite Card.
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9.9% | [value-77] | Apply Mar 2023 |
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Credit Union Australia Credit Card Low Rate The rate indicated applies to the rate on purchases and has different rates for cash advances and balance transfers. It has 55 days of interest free for purchases and as at 2014 it has an annual fee of $49. Please Visit the CUA website for specific conditions and terms before applying for this card. +Follow |
11.99% | Low Rate | Apply Sep 2019 |
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Bank of Sydney Credit Card Low Rate The rate indicated has 55 days of interest free for purchases and as at 2015 it has an annual fee of $49. It has 0% p.a. for 6 months on balance transfers. Please Visit the BOS website for specific conditions and terms before applying for this card. +Follow |
11.99% | Low Rate | Apply Aug 2019 |
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Bendigo Bank Low Rate Credit Card The rate indicated applies to the rate on purchases and has different rates for cash advances and balance transfers. It has 44 days of interest free for purchases and it has an annual fee of $45. Please Visit the Bendigo Bank website for specific conditions and terms before applying for this card. +Follow |
11.99% | Low Rate | Apply Jan 2020 |
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11.99% | - | Apply Mar 2019 |
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12.49% | [value-77] | Apply Mar 2023 |
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12.49% | [value-77] | Apply Mar 2023 |
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12.74% | Low Rate | Apply Aug 2019 |
Australian Consumer credit regulation
In Australia, the National Credit Act began of 2010 states that anyone in Australia who wants to engage in credit activities (including lenders and brokers) must be licensed with ASIC or be a representative of someone who is licensed. Also that the credit provider must: Make reasonable inquiries about your financial situation, requirements and objectives as well, take reasonable steps to verify your financial situation and whether the the contract is not suitable for you.
What you should know about your Australian credit card
A credit provider also must provide a fact sheet for consumers applying for a credit card that include: an Interest rate that applies to purchases, cash advances and balance transfers and minimum repayment. As well as if it exists the promo rate, interest free period, late payment fees or annual fee.
Source: moneysmart.gov.au