The Finance Algorithm
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Low Rate Visa Credit Card

With a low annual fee and a low ongoing interest rate for purchases, the Low Rate Visa Credit Card is the only credit card you'll ever need. Plus, with our competitive 12-month balance transfer rate, you can also transfer your outstanding balances from other credit or store cards to Australian Military Bank for 0.00% p.a (introductory rate).

Credit cardsBank updated 1 Oct 2026
Apply at Australian Military Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Purchase rate
11.99%
Cash advance
19.99%
Interest-free days
55
Annual fee
$49
Foreign transaction fee
1.00%
Tri-Forces

How it compares

This credit card in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This credit card: 11.99%Every other institution's lowest, 50 in all

Ongoing purchase rate, not introductory offers. One dot per institution, at its lowest credit card purchase rate anyone can apply for; hover or tap a dot for its name.

RateThis credit cardBest anywhereTypical institutionWhere it sits
Any credit cardOngoing purchase rate, not introductory offers11.99%7.49%Unity Bank's Low Rate Visa Credit Card12.49%of 51 institutions17th lowest of 51, level with 5 others
Interest-free daysDays without interest on purchases when the balance is paid in full55 days62 daysBeyond Bank Australia's Low Rate Credit Card55 daysof 42 institutions2nd longest of 42, level with 30 others

Rates

Every rate AMB Bank Product publishes for this credit card, 3 in all.

TypeApplies toTermBandRateComparisonConditions
Cash advance---19.99%--
FixedIntroductory balance transfer rate: 0.00% p.a. for 12 months-1 yr fixed-0.00%--
Purchase---11.99%--

Fees

32 fees published, grouped by when they're charged.

While you hold it3

  • Annual fee - credit card
    $49 a year
  • Copies of statements (up to 12 months) posted

    per page

    $5 a month
  • Paper statement fee (per statement)
    $2 a month

When you make a transaction13

  • Amendment/ cancellation of telegraphic transfer/swift transfers
    $35
  • Direct debit dishonour - electronic
    $10
  • EFT trace/recall of funds
    $25
  • Foreign Currency Conversion fee
    2.95% of transaction
  • Foreign drafts
    $20
  • Periodical payment - insufficient funds rejection fee
    $5
  • Stopped bank cheque
    $15
  • Swift transfers

    Electronic funds transfer between Australian Military Bank and other financial institutions

    $25
  • Telegraphic transfers (AUD)
    $35
  • Telegraphic transfers (foreign currency)
    $30
  • Telegraphic transfers (online)
    $20
  • Cash advance at other financial institution
    $4.50
  • Overseas ATM withdrawals
    $4.50

When particular things happen16

  • Archive retrieval fee

    A hourly fee applies plus any expenses incurred

    From $50
  • Arrears notice fee

    2nd and subsequent reminders by letter or phone

    $20
  • Audit Certificate Fee

    Per audit certificate requested

    $50
  • Bank Cheque
    $5
  • Card transaction voucher retrieval
    $35
  • Copies of statements (over 12 months) at branch or posted

    per page

    $5
  • Copies of statements (up to 12 months) at branch
    $2.50
  • Declined Visa dispute

    If a Visa dispute lodged by you is declined and found that the claim was invalid

    $30
  • Default notice fee

    Payable when a notice is issued regarding a default under the credit card contract

    $30
  • Emergency replacement Visa card (within Australia) Bank processing fee

    At cost plus $20 bank processing fee

    From $1
  • Encashment of Foreign Cash

    Minimum encashment of AU$50 applies

    $10
  • Foreign Cash

    1% of AUD value of amount purchased. Minimum order of AU$100 applies

    1.00% of transaction
  • Foreign Cheque encashment (<AU$5000)
    $15
  • Foreign Cheque encashment (>AU$5000)
    $50
  • Late payment fee - credit card
    $10
  • Overseas Visa card replacement Bank processing fee

    At cost plus $20 bank processing fee

    From $1

Features

Digital bankingBalance transfers55 interest-free daysApple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay

Eligibility and limits

  • Minimum age 18
  • Residency: Individuals must be permanently residing in Australia
  • Employment: Applicants must be currently employed or receiving a regular income. Self employed clients should contact the Bank prior to applying
  • Available to individuals
  • Amount $2,000 to $50,000

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 1 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.