Defence Bank Low Rate True Blue Credit Card

Defence Bank Low Rate True Blue Credit Card

My rate: 
My annual fee: 
Price of my purchase: 
Card features
balance transfer
purchase rate
annual fee
Money saved
Defence Bank Low Rate True Blue Credit Card
Low interest rate of just 11.74% p.a. on purchases.
Unlimited additional cardholders at no cost.
Make contactless payments with Visa payWave.
Add to comparison
6 months
3.99% p.a.
then 11.74%
6 months
3.99% p.a.
then 11.74%
saved over 6 months
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Pros & cons

What's good?

What's not so good?

Unlimited additional cardholders to your account at no cost. Great for families.
Transfer a balance from another card and get 3.99% p.a. for 6 months.
You can balance transfer up to 100% of credit limit. This is higher than the typical amount allowed for comparable cards. Credit limits start from $1,000.
Any balance transfers that have not been paid off when the balance transfer offer ends will revert to the cash advance rate. Fortunately that rate is just 11.74% p.a.
Spread the cost of a large ticket purchase like flights or furniture with 3.99% p.a. for 6 months.
The standard interest rate on purchases is very low: 11.74% p.a.
If you need to withdraw cash from your account, you’ll get charged the 11.74% p.a. cash advance rate. This is much lower than the normal amount banks charge.
Up to 55 days on purchases.
Comes with Apple Pay and Google Pay.
While the balance transfer offer is a welcome addition, cheaper interest rates and longer introductory periods are widely available. Shop around.
Similarly, much cheaper and longer lasting introductory offers for purchases are available.
Adding an additional cardholder costs $0 p.a. per card. Many similar standard cards do not charge for this.
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

3.0 out of 5.0 based on 1 review100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Very pleased with this card

Reviewed and recommended by Jason on 02 Jul 2016

I pay it off regularly and there’s a very good interest rate. Being a defence member, the bank really looks after you. The card is very secure when using over the internet. I have had the card for 10 years and wish I had got one when I first joined the Army 22 years ago.

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
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Interest free period
Up to 55 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers3.99% p.a.6 monthsNone100% of credit limit11.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
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

Banks you can't balance transfer from

You can't balance transfer to the Defence Bank Low Rate True Blue Credit Card at the promotional balance transfer rate from:

    Rates & fees

    Promotional interest rates

    Interest ratePeriodFeeLimitRevert rate
    Balance transfers3.99% p.a.6 monthsNone100% of credit limit 11.74% p.a.
    Purchases3.99% p.a.6 monthsN/AN/A 11.74% p.a.

    Ongoing interest rates

    Cash advances 0.98% 11.74% p.a.
    Purchases 0.98% 11.74% p.a.


    Annual fee
    $45 p.a.
    Cash advance fee
    Dishonour fee
    Duplicate statement fee
    Foreign exchange fee
    Late payment fee
    Over limit fee
    Overseas ATM balance fee
    Overseas ATM withdrawal fee
    Overseas emergency card replacement fee
    Transaction verification fee

    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 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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    Rated 4.8 out of 5 for customer satisfaction.
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