Top 5 Features of Auswide Bank Low Rate Visa Credit Card: Auswide Bank Credit Card Review
Popularity has grown for Auswide Bank’s variety of credit cards, which can be used for different types of financial needs. Auswide Bank is known for its personalised service and very low rates. Its credit cards are made for many people who want very low interest rates and useful perks. I am giving you Auswide Bank Credit Card Review and full details about the main features, pros and cons, and some Auswide Bank Credit Card Review, and some information about Auswide Bank Platinum Rewards Mastercard and the Auswide Bank Low Rate Visa Credit Card.
| Feature | Low Rate Visa Credit Card | Platinum Rewards Mastercard |
|---|---|---|
| Purchase Rate | 10.99% p.a. | 16.99% p.a. |
| Cash Advance Rate | 10.99% p.a. | 16.99% p.a. |
| Annual Fee | $50 (waived for under 25) | $129 |
| Interest-Free Period | Up to 55 days | Up to 55 days |
| Balance Transfer Offer | 0% p.a. for 12 months | N/A |
| Rewards Program | N/A | 1 point per $1 spent, 20,000 bonus points |
| Minimum Credit Limit | $500 | $6,000 |
| Maximum Credit Limit | $50,000 | $50,000 |
| Foreign Transaction Fee | 3% | 3% |
| Additional Cardholder Fee | $0 | $0 |
| Complimentary Insurance | No | Yes (travel and purchase protection) |
| Eligibility | Minimum income $30,000, 18+ years, good credit | 18+ years, good credit |
| Official Website | Auswide Bank Credit Cards | Auswide Bank Credit Cards |
Auswide Bank Low Rate Visa Credit Card
The Auswide Bank Low-Rate Visa Credit Card is designed for many people who want very low interest rates and fees that are very easy to handle. This credit card is very good for many people who want to keep their interest rates very low and carry an amount from month to month.
Key Features
- Purchase Rate: 10.99% p.a.
- Cash Advance Rate: 10.99% p.a.
- Annual Fee: $50 (waived for cardholders under 25 years old)
- Interest-Free Period: Up to 55 days on purchases
- Balance Transfer Offer: 0% p.a. for 12 months
Auswide Bank Platinum Rewards Mastercard
For many people who want to get rewards for spending money, the Auswide Bank Platinum Rewards Mastercard has a very good rewards programme and the some extra perks that come with platinum cards.
Key Features
- Rewards Program: Earn 1 point per $1 spent on eligible purchases
- Bonus Points: 20,000 points when spending $3,000 in the first 90 days
- Annual Fee: $129
- Interest Rate: 16.99% p.a.
- Complimentary Insurance: Includes travel insurance and purchase protection
Interest Rates and Fees
When you buy some things or get cash advances with the Auswide Bank Low Rate Visa Credit Card, the interest rate of 10.99% p.a. really stands out. When you look at some other normal credit card interest rates in Australia, which are often over 20% p.a., this rate is a very good deal. The annual fee is only $50, and young cardholders do not have to pay it. This makes it a very good choice for many students and young workers.
The Auswide Bank Platinum Rewards Mastercard also costs $129 a year, but it has a much better rewards programme and more luxury features to make up for it. For a rewards card, the interest rate of 16.99% p.a. is fair, but it is very high than the low rate-choice.
Rewards and Benefits
With the Platinum Rewards Mastercard, you can earn many points on the things you buy every day. These points can then be redeemed for a lot of rewards, like gift certificates, travel, and merchandise. This credit card also comes with 20,000 bonus points, which are worth a lot for new users who meet the spending conditions.
Even though the Low Rate Visa does not have a rewards programme, its very low interest rate and lack of a yearly fee can save younger users a lot of money. If you pay your amount in full by the due date, both cards let you buy many things interest-free for up to 55 days.
Auswide Bank Credit Card Reviews
Auswide Bank is very good and known for putting the needs of its customers first. Many people like working with some smaller banks because they give you more personalised service. In their reviews, customers often talk about how easy it is to talk to and how helpful the bank’s support staff is.
User reviews show that the bank cares about the community and gives very good service. Customers have given Auswide Bank’s credit cards good marks for trust and customer service (Mozo) (compare at CreditCard.com.au). Customers are very happy with how open the bank is and how easy it is to use their credit cards.
Pros and Cons
Auswide Bank Low Rate Visa Credit Card
Pros
- Low rates of interest on sales and cash advances
- People under 25 years old don’t have to pay an annual fee.
- You can buy things with no interest for up to 55 days.
- Offer to move a balance at 0% APR for 12 months
Cons
- No rewards program
- Foreign transaction fee of 3%
- Limited premium features compared to higher-tier cards
Auswide Bank Platinum Rewards Mastercard
Pros
- With 1 point for every $1 paid, the rewards programme is competitive.
- 20,000 extra points for people who just got the card
- Free travel insurance and buy protection insurance
- You can buy things with no interest for up to 55 days.
Cons
- Higher annual fee of $129
- Higher interest rate compared to the Low Rate Visa
- No balance transfer offer
Last Lines
Auswide Bank has very good credit card choices for many people with many financial needs. If you want to pay as little interest as possible and avoid very high fees, the Low Rate Visa Credit Card is the best option. It helps many younger users and people who have trouble keeping their balance the most.
People who want to earn rewards and get extra perks should get the Platinum Rewards Mastercard. Even though the card has a very high yearly fee, the rewards programme and some other perks make it well worth it.
The choice between these cards comes down to personal tastes and how they are used. The Low Rate Visa is very good for many people who want to save money and keep things very simple. The Platinum Prizes Mastercard is good for many people who want to earn prizes and get extra benefits.
For more information on Auswide Bank’s credit cards, visit their official website
You can also visit this website for more information on different credit cards.