Low Cash Advance Rate Credit Cards
When using cash advances on your credit card is unavoidable, compare these cards for a competitive cash advance interest rate and low associated fees.
Comparing of 7 low cash advance rate credit cards
Cash Advance Rate
8.99% p.a.
Cash Advance Fee
$3.00
Minimum Credit Limit
$500.00
Annual fee
$40.00 p.a. ongoing
Details
- Benefit from a competitive interest rate of 8.99% p.a. for both purchases and cash advances.
- For the initial 12 months, enjoy a 0% rate on Balance Transfers with a corresponding 0% balance transfer fee. Afterwards, it reverts to the cash advance rate of 8.99% p.a.
- An annual fee of $40 is applicable.
Pros & cons
Pros
- Low-interest rates.
- Up to 55 interest-free days.
- Limits are available from $500 to $15,000.
Cons
- No rewards program.
Cash Advance Rate
11.99% p.a.
Cash Advance Fee
$3.00
Minimum Credit Limit
$1,000.00
Annual fee
$0.00 p.a. ongoing
Details
- No annual fee and a low 11.99% p.a. variable rate on purchases.
- Add cardholder for $10 p.a.
- Avoid ING international transaction fees by depositing at least $1,000 a month into your ING accounts (excluding Living Super and Orange One) and making 5+ settled card purchases.
Pros & cons
Pros
- No annual fee.
- Competitively low interest rate of 11.99% p.a. on purchases and cash advances.
- Variable 9.99% p.a. on instalments.
- No international transaction fee.
Cons
- Additional cardholder comes at a cost.
- Minimum credit limit of $6,000.
Cash Advance Rate
11.8% p.a.
Cash Advance Fee
$2.50
Minimum Credit Limit
$1,000.00
Annual fee
$0.00 p.a. ongoing
Details
- $0 p.a. annual fee.
- Enjoy low interest of 11.80% p.a. on purchases.
- Benefit from comparatively low cash advance rates at 11.80%, lower than the standard rate of many other cards.
Pros & cons
Pros
- No annual fee.
- Low-interest rate.
- 0% p.a. for 12 months on balance transfers with no balance transfer fee on amounts transferred (reverts to 11.80% p.a. thereafter).
Cons
- No interest-free days.
- Not entitled to participate in Heritage Rewards program.
Cash Advance Rate
12.54% p.a.
Cash Advance Fee
$2.50
Minimum Credit Limit
$2,000.00
Annual fee
$0.00 p.a. ongoing
Details
- $0 annual fee per annum.
- Get up to 55 days interest-free on purchases.
- Access exclusive offers on food, travel, entertainment, and more.
Pros & cons
Pros
- The competitive purchase rate and cash advance rate of 12.54% p.a.
- $0 p.a. annual fee.
- Enjoy up to 55 interest-free days on purchases.
Cons
- There is no rewards program on this card.
On Woolworths Team Bank's website
Cash Advance Rate
13.45% p.a.
Cash Advance Fee
$1.50
Minimum Credit Limit
$2,000.00
Annual fee
$0.00 p.a. ongoing
Details
- Provides a low ongoing interest rate of 13.45% per annum on balance transfers, cash advances, and purchases.
- No annual fee is charged.
- Enjoy up to 55 days interest-free on purchases.
Pros & cons
Pros
- Low ongoing interest rates.
- No annual fee.
- Compatible with Apple Pay, Google Pay, and Samsung Pay.
- No EFTPOS transaction fees.
Cons
- No rewards program.
- No complimentary insurance coverage.
- No balance transfer offer.
MONEYME Freestyle Virtual Card
Make sure you meet the following criteria before applying.
Application requirements:
- Aged between 18 - 65
- Wages of $3,000
- Must be a Permanent Australian Resident or Australian Citizen
- Must have a VEDA above 600
- No serious marks against credit file
- Has had a previous application declined in the last 365 days
- Not on Government or Centrelink benefits
Disclaimer: 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 information.
Cash Advance Rate
18.24% p.a.
Cash Advance Fee
1.5%
Minimum Credit Limit
$1,000.00
Annual fee
From $0.00 p.a. ongoing
Details
- Use virtual card instantly once approved (typically within 60 mins).
- Tap n Pay with up to 55 days interest-free.
- Use credit to transfer money to anyone.
- Exclusive features.
- Thousands of 5-star customer reviews.
Bank promo
- Get MONEYME's lowest advertised rate EVER of 18.24% p.a.
- Annual fee of $0 to $149 p.a. based on credit limit plus a monthly fee of $5 for balances over $20.
Pros & cons
Pros
- Available to use immediately after approval.
- Money can be transferred to your bank account.
- Get cashback at participating stores with Cashrewards.
Cons
- The maximum credit limit is comparatively low.
- Combination of annual and monthly fees can be quite expensive for the highest credit limit.
- There is a 1.5% withdrawal fee.
On Westpac's website
Cash Advance Rate
19.96% p.a.
Cash Advance Fee
3%
Minimum Credit Limit
$2,000.00
Annual fee
$75.00 p.a. ongoing
Details
- Add up to 99 cards to your account, each with individual credit limits starting at $1,000, tailored to your business needs
- Low $75 annual card fee.
- The interest rate is 14.25% p.a. on purchases and 19.96% p.a. on cash advances. While the cash advance rate is higher, the purchase rate is quite competitive, making it a solid option for everyday spending.
Pros & cons
Pros
- The annual fee for succeeding years will be waived if you spend $15,000 in 12 months.
- Comes with Fraud Protection, Transit Accident Insurance, and Interstate Flight Inconvenience Insurance.
- Simplify tax reporting by linking automated bank feeds like MYOB, QuickBooks, and Xero to your system.
- Tap your Mastercard for payments of $100 or less.
- Compatible with Apple Pay, Google Pay, and Samsung Pay.
Cons
- This card has no rewards program, so it's more suited for low-cost spending.
- A 3% fee applies to foreign transactions. This is something to consider if you make frequent overseas purchases.
