The BankVic Low Rate Visa credit card boasts a bunch of cost-saving extras including a 8.99% p.a. interest rate for the first 6 months. After this, the low ongoing interest rate of 13.95% p.a. will apply. You’ll save with $0 annual fee and can take advantage of exclusive perks for Visa cardholders.
BankVic Low Rate Visa credit card
![BankVic Low Rate Visa](https://dvh1deh6tagwk.cloudfront.net/credit-cards/images/product/bankvic-visa-silver-sml.jpg)
- Balance transfer rate for 6 months with no balance transfer fee
- 8.99% p.a.
- Purchase rate for the first 6 months (reverts to 13.95%)
- 8.99% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 44 days
Our verdict
Pay no annual fee and save with a low introductory interest rate for the first 6 months.
With no annual fee and a low introductory rate, the BankVic Low Rate Visa credit card is designed to help you cut standard card costs. Unlike most cards with a low interest offer, the standard interest rate that applies after the first 6 months is relatively competitive. This means this card could help you save more if you’re planning to use it beyond the promotional period. However, there are some other cards that offer 0% on purchases and balance transfers for longer introductory periods, so it’s worth comparing your options.
Pros
-
$0 p.a. annual fee for life
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Introductory 8.99% p.a. interest rate for the first 6 months on purchases and balance transfers
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Compatibility with Apple Pay and Google Pay
Cons
-
Only up to 44 days interest-free on purchases, as opposed to other cards that offer up to 55 days.
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Doesn’t offer any rewards
Details
Product details
Product Name | BankVic Low Rate Visa |
Balance transfer rate p.a. | 8.99% for 6 months, then 13.95% |
Balance transfer limit | 95% of available limit |
Purchase rate p.a. | Purchase rate p.a. 8.99% for 6 months, then 13.95% |
Interest-free period | Up to 44 days on purchases |
Cash advance rate p.a. | 13.95% |
Min credit limit | $1,000 |
Max credit limit | $20,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
Annual fee | Annual fee $0 |
Minimum monthly repayment | 2.5% of the closing balance or $20, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | Foreign currency conversion fee 3.65% |
Overseas cash advance fee | $4 |
Your reviews
Sally Finder
Producer
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