The Summerland Low Rate credit card comes with a variable interest rate of 11.99% p.a. for purchases, with up to 55 days interest-free available if you pay your account balance in full by the due date on each statement.
Summerland Low Rate Credit Card
![Summerland Low Rate Credit Card](https://www.finder.com.au/niche-builder/5ea91d291f83d.jpg)
- Balance transfer rate for 9 months with no balance transfer fee
- 0% p.a.
- Purchase rate
- 11.99% p.a.
- Annual fee for the first year ($49 p.a. thereafter)
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Enjoy a 0% p.a. interest rate on balance transfers for 9 months and a $0 annual fee in the first year.
Pros
-
$0 first year annual fee
-
0% p.a. on balance transfers for the first 9 months with no balance transfer fee
Cons
-
A transaction fee of 3% is charged for online or overseas purchases made in a foreign currency using this card.
Details
Product details
Product Name | Summerland Low Rate Credit Card |
Balance transfer rate p.a. | 0% for 9 months, then 11.99% |
Purchase rate p.a. | Purchase rate p.a. 11.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 15.99% |
Min credit limit | $1,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
Annual fee | Annual fee $0 first year ($49 after) |
Minimum monthly repayment | 2.5% of the closing balance or $20, whichever is greater |
Late payment fee | $0 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | $3.50 |
Your reviews
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Amy Finder
Editor
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