Beyond Bank Low Rate Visa Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
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Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Beyond Bank Low Rate Visa Credit Card
Up to 62 days on purchases.
Credit limits starting from $1,000.
Visa payWave enabled for contactless payments.
Add to comparison
12 months
0% p.a.
then 12.49%
12.49% p.a.
ongoing
$49
ongoing
 
saved over 12 months
Similar cards

Pros & cons

What's good?

What's not so good?

0% p.a. on balances transferred for 12 months.
The ongoing interest rate on purchases is just 12.49% p.a., which is lower than much of the competition.
Long interest period. Up to 62 days on purchases.
After the balance transfer is over the rate reverts to 12.49% p.a. instead of the higher cash advance rate.
It costs $0 p.a. to add additional cards to the account.
Only $24,000 required to apply.
Comes with Apple Pay.
Longer balance transfers are available with other banks.
Charges a 3% fee for foreign transactions.
If you lose your card while overseas and need to have it replaced, it’ll cost a whopping $350.

User reviews

3.3 out of 5.0 based on 5 reviews60% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Low fees, great service

Reviewed and recommended by Monica on 20 Sep 2016

I have had this card for years without any issues. It’s just a basic card that does not overcharge and has great service — no annual fees, no useless points to acquire that give you nothing at all.

I’d much rather deal with a credit union than with one of the big banks any day. There’s better transparency and they don’t try to sell you something you’ll never need.

Happy customer

Reviewed and recommended by Paul on 04 Jul 2016

I required a credit card that I could use online, so I opened what I called a shopping card. There is no money on this card until I loaded it with the amount required. What I do not like about this card, like most of my cards, is that they have become contactless cards. If you lose them or have them stolen, payWave makes it too easy to be used to purchase with.

One of the best in a land littered with bad

Reviewed and recommended by Monica on 02 Jul 2016

Overall a decent card in a mess of so many options. I hate dealing with the big banks and the service and support at Beyond Bank is better than most I’ve found. There isn’t a whole lot of difference in rates and fees, so really the difference is in the service.

Accessing statements is impossible

Reviewed and not recommended by Anon on 08 Sep 2015

This card used to be my principal day to day credit card, however, I’ve had problems accessing statements as they are only available via internet banking. The internet banking site is limited on smart phone and tablet apps and you can’t access basic information like the minimum payment or the balance that needs to be paid, or the due date. In a world where keeping track of things in our life is complex, I need excellent user interfaces to help me keep on top of it all.

The bank’s security systems work well – I’ve never had so many phone calls alerting me of unusual spending before. So if security is a high priority, this is a good card to consider.

Money for nothing

Reviewed and not recommended by Melissa on 14 Jul 2015

I am a working single mum. My kid’s accounts are with Beyond Bank and I receive child support (reoccurring transaction payments) But, these days I am always getting fees and refused any sort of loan, even after several repaid personal loans with them in the 10+ years I have had an account open.

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
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$24,000
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase Date
Interest free period
Up to 62 days on purchases
Minimum repayment
N/A

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 monthsNone80% of credit limit12.49% 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
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

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

  • Citi
  • Suncorp

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 monthsNone80% of credit limit 12.49% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.67% 19.99% p.a.
Purchases 1.04% 12.49% p.a.

Fees

Annual fee
$49 p.a.
Cash advance fee
N/A
Dishonour fee
$6
Duplicate statement fee
$2.00
Foreign exchange fee
3%
Late payment fee
$25
Over limit fee
$11
Overseas ATM balance fee
$4.50
Overseas ATM withdrawal fee
$4.50
Overseas emergency card replacement fee
$350
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
Earn a regular income of more than $24,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not 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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