Bank Australia

Low Rate Visa Credit Card

Purchase Rate

Purchase Rate

9.39%

Balance Transfer Rate

Balance Transfer Rate

-

Annual Fee

Annual Fee

$59

Max Free Days

Max Free Days

Late Payment Fee

$15

Purchase Rate

Purchase Rate

9.39%

Balance Transfer Rate

Balance Transfer Rate

-

Annual Fee

Annual Fee

$59

Max Free Days

Max Free Days

Late Payment Fee

$15

Pros and Cons

Pros and Cons

    • No reward program
    • No balance transfer
    • Does not offer free supplementary cards
    • Late payment fee

    Features and Fees

    Bank Australia Features and Fees

    Details

    Card Level

    Standard

    Card Type

    Visa

    Interest Free Days

    Interest Free Days

    Minimum monthly repayment

    2.5% or $20

    Minimum credit limit

    $1k

    Maximum credit limit

    No set max

    Free supplementary cards

    Number free supplementary

    0

    Instant Approval

    Fees

    Annual Fee

    Annual Fee

    $59

    Annual Fee Spend Waiver

    Supplementary card annual fee

    $0

    Late Payment Fee

    $15

    Over limit fee

    $20

    Duplicate statement fee

    $3

    Electronic Wallet Service

    Important Rates

    Rates

    Purchase Rate

    Purchase Rate

    9.39%

    Cash advance rate

    9.39%

    Cash advance fee

    $3.5

    Balance Transfer

    Balance Transfer Rate

    Balance Transfer Rate

    -

    Transfer Limit

    Balance Transfer Fee

    $0

    Overseas spending

    Foreign Exchange Fee

    3% on Visa

    Overseas charges

    Overseas charges

    $3.5

    Estimated ATM Cost

    $12.5

    for AU $300 withdrawal

    Rewards

    Program name

    Rewards Available

    Eligibility

    Minimum age

    18

    Minimum income

    $0

    Eligibility conditions

    Residency

    Other Restrictions

    Balance Transfer not available

    Pros and Cons

      • No reward program
      • No balance transfer
      • Does not offer free supplementary cards
      • Late payment fee

      Bank Australia Features and Fees

      Details

      Card Level

      Standard

      Card Type

      Visa

      Interest Free Days

      Interest Free Days

      Minimum monthly repayment

      2.5% or $20

      Minimum credit limit

      $1k

      Maximum credit limit

      No set max

      Free supplementary cards

      Number free supplementary

      0

      Instant Approval

      Fees

      Annual Fee

      Annual Fee

      $59

      Annual Fee Spend Waiver

      Supplementary card annual fee

      $0

      Late Payment Fee

      $15

      Over limit fee

      $20

      Duplicate statement fee

      $3

      Electronic Wallet Service

      Important Rates

      Rates

      Purchase Rate

      Purchase Rate

      9.39%

      Cash advance rate

      9.39%

      Cash advance fee

      $3.5

      Balance Transfer

      Balance Transfer Rate

      Balance Transfer Rate

      -

      Transfer Limit

      Balance Transfer Fee

      $0

      Overseas spending

      Foreign Exchange Fee

      3% on Visa

      Overseas charges

      Overseas charges

      $3.5

      Estimated ATM Cost

      $12.5

      for AU $300 withdrawal

      Rewards

      Program name

      Rewards Available

      Eligibility

      Minimum age

      18

      Minimum income

      $0

      Eligibility conditions

      Residency

      Other Restrictions

      Balance Transfer not available

      FAQs

      What does Westpac credit card insurance cover?

      If you own a Westpac credit card, one of the perks may be  free travel insurance. If you’re eligible, you may be covered if you get sick while travelling, have lost your luggage, have to cancel a trip or have an accident while you’re on the move.

      Besides these standard inclusions, the Westpac credit card insurance policy may also cover you for hospital essentials, emergency dental treatment and alternative transport if your original plans go awry. It may also cover loss of income when you get back home after being sick  overseas and your pets’ boarding costs too.

      If you have any queries, the Westpac credit card insurance contact number is 1800 091 710. You can submit a claim online.

       

      How do credit cards work?

      Think of credit cards as a short-term loan where you use the bank’s money to buy something up front and then pay for it later. Unlike a debit card which uses your own money to pay, a credit card essentially borrows the bank’s money to fund the purchase. When you apply for a credit card, the bank assesses your income and assigns you a credit limit based on what you can afford to pay back. At the end of each billing cycle, which is usually monthly, the bank will send you a statement showing the minimum amount you have to pay back, including any interest payable on the balance.

      How to increase ME Bank credit card limit?

      If you want your  ME bank credit card limit increased, you’ll have to fill the “credit card limit increase request form” and send it to the bank via post, email, or fax. The requirements for increasing the credit limit include:

      • You should have the card for at least six months;
      • Your income has increased; and
      • Your debt liabilities have decreased.

      How to increase your Qantas Premier credit card limit

      When your income or spending habits change, you might wish to increase your credit card limit. The Qantas Premier credit card allows you to do this over the phone. You can contact Qantas Premier Card Support by calling on 1300 992 700. Unlike some other credit providers, Qantas doesn’t give you the option to increase your limit online.

      Qantas will only accept your application if you have a good history of repayment and have not increased your credit or bought another credit product from Qantas in the past six months.

      Before approving your Qantas Premier credit card limit increase, Qantas will perform a credit assessment on your current financial circumstances and ask why you would like to increase your credit limit.

      To ensure that there are no bumps in your application process, you must provide accurate and recent information about your financial situation. You should also account for any future changes you’re anticipating which could hinder your ability to repay the loan.

      Once the assessment is complete, Qantas will either approve or deny your application. If they approve it, you will need to sign a credit limit increase agreement - and you can request a written copy of the credit assessment. However, if your application is rejected, Qantas can opt not to provide a copy of the assessment.

      What is the CUA credit card increase limit process?

      A credit limit is pre-assigned based on factors like your income, expenses, and debt by the card-issuing company. It varies from time to time based on credit utilisation and changes to your circumstances.

      If your income has increased or your liabilities have reduced, you can request for an increase of your CUA credit card limit. You can lodge the request via online banking on the website, or by visiting the closest branch, or by downloading the application form and mailing it. While making the application, you may need to provide information about your income, employment status, desired limit, and the reason for the increase. The card-issuing company will assess your request before approval.

      Before you apply for an increase to the credit limit, ensure your bills are paid in full and you aren’t asking for a very steep enhancement.

      How can I increase my credit card limit on my American Express card?

      If you want to increase the credit limit on your American Express (AMEX) credit card, you will need to apply through the AMEX Online Services, or by calling the number on the back of your card. You may need to share personal information that the bank can use to assess whether the requested limit is suitable for you and your current financial status. Once your application is approved, your new limit will be ready for use within an hour.

      How to increase my Commonwealth credit card limit?

      Commonwealth Bank credit cards are extremely popular in Australia for everyday purchases and big ticket items alikers. A number of the card’s functions can be customised, depending on your needs and desires. If you wish to increase your Commonwealth credit card limit using the CommBank, you can usually do so on the app or via NetBank.

      In the CommBank app, tap on the ‘Cards’ icon and choose your credit card. Then, click on ‘Credit Limit’ and select the ‘Increasing your limit’ option. If you don’t have the CommBank app, you can also increase your Commonwealth Bank credit card limit through NetBank. Simply log on and go to Settings, then click on ‘Product Requests’ and then choose ‘Credit Card Limit Changes’. 

      Once the bank has received your application, they will review your account and payment history. Based on this assessment, your application will either be approved or denied. If approved, your new limit will be applied to your card instantly. 

      While increasing your credit card limit may be an easy process, it’s important to remember that you should only request limits that you can manage. A high limit increases the risk of having a larger debt, even with cards that provide low-interest rate options. So, it’s important to think carefully and seek advice from people you trust before increasing your Commonwealth Bank credit card limit.

      Increase your credit card limit with Westpac

      You can apply to increase your Westpac credit card credit limit at any time, and most credit card providers have made it really easy to do so. You can use your online banking portal, the credit card provider’s mobile app, or even the telephone. 

      Applying online to increase your credit limit with Westpac is the easiest option if you’ve already activated Westpac Live Online Banking. All you need to do is fill in the required information and then hit ‘submit’ to apply for an increase in your credit card limit.

      Most banks will ask for details of your financial situation at the time of applying for a credit increase. This is done to ensure your new limit meets the lender’s criteria. 

      You can apply for increasing your credit limit in any of the following ways:

      1. Visiting your nearest Westpac branch
      2. Calling Westpac on 1300 651 089
      3. Logging in on Westpac Live Online Banking

      How to increase the NAB credit card limit?

      If you use your NAB credit card regularly, you could consider requesting a higher credit limit. The good news is that it's fairly easy to do so using either the NAB app or NAB internet banking. 

      NAB app: 

      • Step 1: Download the latest version of the NAB app.
      • Step 2: Select the ‘My Cards’ menu. 
      • Step 3: Select the card you want to increase the credit limit for. 
      • Step 4: Select ‘Usage Controls’ and then click on ‘Change Credit Limit’.

      NAB internet banking: 

      • Step 1: Log into your account. 
      • Step 2: Choose the ‘My Cards’ menu. 
      • Step 3: Choose the card for which you want to increase the limit. 
      • Step 4: Choose ‘Change My Credit Card Limit’.  

      If you don’t have the NAB app or cannot access NAB internet banking, you can even visit your local branch or call their contact center. 

      Once you’ve applied to increase your NAB credit card limit, you’re likely to be asked for your

      • current employment details  
      • total income, before and after-tax deductions  
      • assets, liabilities, and expenses information

      NAB will then assess this information to determine if your current financial situation suits the increased credit limit request, and your application will either be accepted or denied.

      However, this process will only work if you’re attempting to increase your personal NAB credit card limit. For a business credit card, you can contact the NAB Corporate & Business Servicing team or speak to your NAB relationship manager. 

      How can I increase my Bankwest credit card limit?

      When you apply for a Bankwest credit card, you get assigned a pre-set credit limit, which will end up being the most that you can spend on your credit card before having to pay it off. Your credit limit is chosen for you and your current financial situation, and you should remember not to overspend, irrespective of the limit, in order to avoid racking up a massive bill.

      However, banks and lenders understand that your needs will change, and have made it possible for you to increase your credit card limit, allowing you to get extra cash when you need it most. Moreover, with a higher spending limit, you may be able to get access to certain perks and benefits with your Bankwest credit card.

      To increase your Bankwest credit card limit, you can visit any of the bank’s branches or call 13 17 19 and follow the steps outlined.

      What does ANZ credit card insurance cover?

      ANZ offers complimentary insurance on some of its credit cards, which can provide some protection against unforeseeable incidents, like the theft of your card. Depending on the type of credit card you own, you may be eligible for different insurances. For instance, most ANZ credit card customers may qualify for Purchase Protection Insurance and Extended Warranty Insurance. Customers who own premium credit cards may also be eligible for Guaranteed Pricing, Rental Vehicle Excess, International Travel, and so on.

      Consider checking your ANZ credit card insurance features listed in the Insurance Policy Information booklet to know which items are covered. Also, while ANZ issued the credit card, they are not the insurer. For this reason, you may need to send your insurance claims - and get your ANZ credit card insurance refund - to the insurance provider.

      How do I apply for a BOQ credit card limit increase?

      If you’re an existing BOQ customer, you can request a BOQ credit card limit increase over a phone call. However, you should remember that owning and using a credit card is a matter of financial responsibility, so it might be worth thinking this decision through. 

      When requesting a credit card limit increase, you’ll need to be just as responsible in terms of how much you earn and can set aside to repay the outstanding card balance. A credit card company may approve a credit limit increase only if you can show that you have either the income or the disposable income, which is the amount you have left after all expenses have been paid out.

      For this purpose, you may need to submit your latest income documents and bank statements for an increase. You may want to estimate how much you usually have left after deducting your expenses, and then use this amount to try and convince the credit card company. Also, you may prefer to pay off the card balance in full each month and thus avoid paying interest on the card, helping you back up any claims of financial responsibility, as well. 

      Remember that you may not be able to apply for a credit card limit increase beyond any limitations on the type of card you own. For instance, if you own a card whose ceiling is $10,000, and your current limit is $5,000, you won't likely be able to apply for a $10,000 credit card limit increase.

      How does ANZ increase my credit card limit?

      If you’re the primary cardholder on an ANZ credit card, you can increase your credit limit by logging into your credit card account and choosing the “Increase your credit limit” option. You can also submit an ANZ credit card limit increase application form by visiting any ANZ branch or by mail or fax. When completing the form, it's important to remember to specify how much you want the limit increased. You can estimate this by first calculating the amount of credit card debt you can afford to repay based on your income and expenses, and then declaring that in your application. 

      Irrespective of whether you’re completing your ANZ credit card limit increase application online or in print, you’ll need to provide updated employment information, income, and expenses, which the company will have to verify. You'll also need to authorise ANZ’s access to your credit history, as your current credit score and recent credit history tell the company about your financial responsibility, and whether or not you'll be able to repay the additional debt you’re applying for. 

      In some cases, ANZ may ask you for additional information, or the agent processing the application may reach out to you after your application is received. After verifying your credit score as well as your personal and financial information, however, ANZ may approve a credit card limit increase proportionate to your repaying ability, though it may not be the same as the increase you requested.

      Can I get a credit card on part-time/casual work?

      Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.

      How to increase a Citi credit card limit?

      Before requesting an increase in the limit of your Citibank credit card, you’ll need to find out if you’re eligible for the increased limit. You can check your eligibility for a Citibank credit card limit increase by calling 13 24 84 or checking the “My Offers” section of your online Citibank account. If you are eligible and request a credit card limit increase, the company will review your income and expenses, including the repayments you make to clear other debts. Your request may be approved if Citibank can confirm that you can repay the full credit card balance, as stipulated by Australian laws, within three years.


      To make sure that the company is reviewing your current earnings, you should update any income details by providing recent payslips or a tax assessment notice. In case you are still repaying other debts, consider consolidating or paying off some in full before applying for a credit limit increase. This will free up more disposable income, or earnings left over after deducting all necessary expenses, and possibly determine how much you can increase your credit card limit.

      Does ING increase credit card limits?

      You may want to increase your credit card limit for many reasons, such as having access to more spending money. However, if you are using the Orange One credit card issued by ING, you may not be able to do so. 

      ING customers can choose a credit limit of their preference when applying for the Orange One credit card. Depending on your financial situation, this limit can be anywhere between $1,000 and $30,000. If you qualify for a Rewards Platinum card, the minimum credit card limit will likely be $6,000. 

      Ideally, you should set your credit card limit knowing how much you can afford to repay each month and keep your expenses lower than this level. With most credit cards, you should have the option of requesting a credit card limit increase at a later time, although you will need to qualify for any increase. With an ING credit card, limit increases are out of the question (at the time this was published), which means you may want to apply for a higher credit card limit from the beginning. Remember that you have the option of decreasing your ING credit card limit at a later time.

      What's the best credit card for rewards?

      There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice. 

      Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward. 

      How long does it take to get a credit card?

      There are a few stages you need to go through to get a credit card; each one takes a different length of time.

      Applying for the card online, over the phone or in person is the fastest step. This usually takes around 15 minutes, provided you have all of your documents handy.

      After submitting your application, it usually takes between one to 10 business days for the lender to assess your eligibility. Some lenders offer instant approval, although you will need to send supporting documents before it is official.

      Once your application has been approved, expect to wait between one to 14 days to receive your card in the mail. Keep in mind that delays can happen during busy periods, such as if the lender has launched a special deal.

      How to make a credit card online

      If you’re wondering about how to make a credit card online application, here are some steps to follow:

      • Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
      • Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
      • Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
      • Review details. Ensure the information you’ve entered is correct.

      What is a credit card?

      A credit card is a payment method which lets you pay for goods and services without using your own money. It’s essentially a short-term loan which lets you borrow the bank’s money to pay for things which you can pay back – potentially with interest – at a later date. Credit cards can also be used to withdraw money from an ATM, which is known as a cash advance. Because you’re borrowing money from a bank, credit cards charge you interest on the money you use (unless you repay the entire debt during the interest-free period). When you apply for a credit card, the bank gives you a credit limit which sets the maximum amount you can borrow using your card. Credit cards are one of the most popular methods of payments and can be a convenient way of paying for goods and services in store, online and all around the globe.