Home
Credit Cards
News
Amex, Westpac and CBA all offering low-rate credit cards

Amex, Westpac and CBA all offering low-rate credit cards

07 Oct, 2018 - 2 min read

Amex, Westpac and CBA all offering low-rate credit cards

There are a dozen different credit card providers offering cards with interest rates under 10 per cent, an analysis of the credit card market has found.

American Express, Community First Credit Union and Easy Street Financial Services all have credit cards that charge 8.99 per cent interest and offer an interest-free period of up to 55 days (see table below).

Northern Inland Credit Union also has a credit card with a purchase rate of 8.99 per cent, however this credit card does not have an interest-free period.

Commonwealth Bank and Westpac also offer low-rate credit cards.

The CBA Essentials credit card has an interest rate of 9.90 per cent and an interest-free period of up to 55 days, while the Westpac Lite Card charges 9.90 per cent interest and offers up to 45 days interest-free.

Auswide Bank, Bank Australia, Bank First, Bank of Us, Big Sky Building Society and G&C Mutual Bank also have credit cards with interest rates under 10 per cent.

Provider	Product	Interest rate	Interest-free days	Annual fee
American Express	Low Rate Credit Card	8.99%	55	$0
Community First Credit Union	Low Rate Visa Credit Card	8.99%	55	$40
Community First Credit Union	McGrath Pink Visa Card	8.99%	55	$40
Easy Street Financial Services	Easy Low Rate Visa Credit Card	8.99%	55	$40
Northern Inland Credit Union	Low Rate Visa Credit Card	8.99%	0	$0
Bank Australia	Low Rate Visa Credit Card	9.39%	0	$59
Auswide Bank	Low Rate Visa Card	9.45%	55	$50
G&C Mutual Bank	Low Rate Visa Credit Card	9.49%	50	$50
Bank of Us	Visa Credit Card	9.90%	57	$39
Commonwealth Bank	Essentials	9.90%	55	$60
Big Sky Building Society	Low Rate Visa Credit Card	9.90%	45	$59
Bank First	Visa Platinum Credit Card	9.90%	55	$99
Westpac	Lite Card	9.90%	45	$108

Disclaimer

This article is over two years old, last updated on October 7, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent credit cards articles.

Compare credit cards

Product database updated 26 Apr, 2024

This article was reviewed by Head of SEO Leigh Stark before it was published as part of RateCity's Fact Check process.

Nick Bendel

Property & Personal Finance Writer

A property and personal finance writer, Nick Bendel covered property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.