Auswide Bank takes a no-frills approach to credit cards with its singular option, a Low Rate Visa Credit Card, offering a practical solution for customers looking to save on interest costs.

Its credit card features a relatively low interest rate for both purchases and cash advances and 0% p.a. balance transfer for the first 12 months. Aside from these, the low rate Visa card is pretty much straightforward; no rewards program or whatnot.

That said, Auswide Bank's credit card is a solid option for budget-conscious users who prioritise low interest rates over frills and perks.

Key Features of Auswide Bank Credit Card

Essentially, Auswide Bank credit card offers 0% balance transfers for the first year. This means cardholders won't pay any interest on debt transferred from other credit cards or personal loans (up to the available credit limit) during the said period. Upon the expiry of the offer, any unpaid balance reverts to the prevailing purchase rate.

In addition, here are the other features and benefits customers can maximise using this credit card.

Feature Details
Credit limit $500 - $50,000 (varies depending on the cardholder's credit history)
Minimum monthly repayment 3% of closing statement balance or $30, whichever is greater
Interest-free period Up to 55 days for purchases
Balance transfer rate 0% p.a. for the first 12 months
Rewards Special offers on concerts and theatre tickets, movie screenings, member offers, and more with Visa Offers & Perks
Payment Visa Checkout
Security Covered by Visa Zero Liability Policy that protects against unauthorised transactions
Covered by Visa Secure and EFTPOS Secure that ensure it is the cardholder making the transactions
Other features Add additional cards at no extra cost

Fees and Other Charges

Auswide Bank Low Rate Visa Credit Card comes with fees occurring regularly or whenever certain transactions are made.

Here's a list of all the associated fees and charges cardholders must take note of.

  • Annual fee: $50 (waived for under 25 years old)

  • Cash advance fee: $3.50

  • Cash advance fee (overseas ATM): $5 plus 3% currency conversion fee

  • Currency conversion fee: 3% of the transaction amount

  • Late payment fee: $20

  • Dishonour fee: $15

  • Real-Time Gross Settlement fee: $20

These are correct at the time of writing and are subject to change.

How to Apply for a Credit Card with Auswide Bank

Interested customers can apply for Auswide Bank's low rate Visa credit card online. Applicants must complete and submit a form, and wait for the bank's response via their preferred contact method.

To be eligible, you must be:

  • At least 18 years old

  • An Australian citizen or a permanent resident

Documents required:

  • Driver's licence or passport

  • Medicare card

  • Proof of income

A good credit history is required for approval, which means you must agree to a credit check when applying.

Once approved, customers will receive their cards to their nominated mailing address in 5-10 business days.