Australian Military Bank Low Rate Visa Card

Australian Military Bank Low Rate Visa Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Australian Military Bank Low Rate Visa Card
Enjoy 0% p.a. on Balance Transfers for 12 months.
Low interest rate of 11.99% p.a..
No fee for additional card holders.
Add to comparison
12 months
0% p.a.
then 11.99%
with a 0% fee
11.99% p.a.
ongoing
$49
ongoing
 
saved over 12 months
Similar cards

Pros & cons

What's good?

What's not so good?

Up to 12 months balance transfer at 0% p.a., which reverts to the low ongoing variable interest rate of 11.99% p.a.
Use up to 100% of credit limit when transferring a balance.
Cheap $49 p.a. annual fee, which is similar to what most low rate cards charge.
Up to 45 days on purchases helps manage your cash flow better.
Joint applications are allowed.
Tap and Pay with Visa payWave.
Nothing particularly low rate about the 19.99% p.a. cash advance rate and 2.95% foreign exchange fee.
The minimum credit limit is just $1000. That’s great if you don’t want a large credit limit, but could be very little if you need more balance for balance transfer across.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.2 out of 5.0 based on 6 reviews83% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Convenient, safe card from a great bank

Reviewed and recommended by Greg on 21 Sep 2016

My Australian Military Bank Low Rate Visa card is convenient and I feel very safe using it — even online.

The staff have been great — friendly, helpful and courteous — but then again, there’s not much reason to contact them.

I have been using it for 15 years and I am very happy. Of course, I would like to pay less interest. Strangely, I prefer to keep my hard-earned money in MY pocket and not be giving it away to any bank, but then again, the Military Bank isn’t like the Big Four. They don’t refuse to pass on official interest rate cuts and announce quarterly profits in the billions, and then announce that they have to cut staff and raise fees. Disgraceful!! I’ll stick with the credit unions even when they change their name to a “Bank”. They still look after their members and the ADCU/Australian Military Bank is one of the best as far as I am concerned.

Good for those looking for a back up

Reviewed and recommended by Matt on 27 Aug 2016

I would say overall this is a good backup card for anyone looking for a secondary option — good communication and readily available information and changes, comparable and competitive rates.

Originally I was recommended this card and I decided to give it a go as there were fewer options at the time that seemed to suit my basic needs. This one has been handy, and though swiped on many occasions, it is durable.

One for defence

Reviewed and recommended by Stewart on 20 Jul 2015

This card is the way a credit card should work. Low interest, high flexibility, and great customer service. Very easy to solve any problems that may arise and they can customise payments and any other banking tasks to suit you or your pay periods. Very, very good products and service.

I still find it hard to make payments

Reviewed and not recommended by Michelle Robinson on 20 Jul 2015

Even though it is a low interest card, I find it quite high still with interest especially if you are on a government benefit, e.g. pension. We still seem to struggle to make sufficient payments. If you could make a fortnightly payment, it would be a much better way to pay.

The best of the best

Reviewed and recommended by Don on 06 Sep 2014

The ADCU low rate Credit Card is ideal for me as the balance is viewable from my ADCU login, no separate email or web page to look up. Talk to real people immediately at the local branch, credit limit is easy to increase and decrease when required. Top card top service, no other card for me.

Reasonable rates and widely accepted

Reviewed and recommended by ADCU Review on 01 Apr 2014

I like ADCU as it is a credit union run by people. The rates are reasonable and customer service always very obliging. It is accepted in all ATMs and overseas. As it is Defence, there are offices all around Australia if you need to have face to face time with a consultant.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
Yes
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 45 days on purchases
Minimum repayment
whichever is greater, $20 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%100% of credit limit11.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
100% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Australian Military Bank Low Rate Visa Card at the promotional balance transfer rate from:

  • Australian Military Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%100% of credit limit 11.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.67% 19.99% p.a.
Purchases 1.00% 11.99% p.a.

Fees

Annual fee
$49 p.a.
Cash advance fee
2%
Dishonour fee
$20
Duplicate statement fee
$2.50
Foreign exchange fee
2.95%
Late payment fee
$10
Over limit fee
N/A
Overseas ATM balance fee
$4.50
Overseas ATM withdrawal fee
$4.50
Overseas emergency card replacement fee
$20
Transaction verification fee
N/A

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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