The Finance Algorithm
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Low Rate Credit Card

Benefit from a low interest rate on purchases.

Credit cardsBank updated 23 Sept 2026
Apply at Summerland Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Interest-free days
55
Annual fee
$49
Balance transfer
0.00%

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: 55 daysEvery other institution's longest, 41 in all

Days without interest on purchases when the balance is paid in full. One dot per institution, at its longest interest-free period anyone can apply for; hover or tap a dot for its name.

RateThis credit cardBest anywhereTypical institutionWhere it sits
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

The one rate Summerland publishes for this credit card.

TypeApplies toTermBandRateComparisonConditions
Balance transferP&I--0.00%--

Fees

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

While you hold it1

  • Low Rate Annual Fee

    The discount is available for holders of a Premium Home Loan.

    $49 a year

When you make a transaction1

  • Cash Advance Fee
    $3.50

Features

Instant paymentsPayIDDigital bankingUnlimited transactionsBalance transfers55 interest-free daysApple Pay.Google Pay
  • Save on paper, receive and view your statements online with eStatements.

Eligibility and limits

None published.

Published by Summerland Bank under the Consumer Data Right, last changed by them on 23 Sept 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.