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Credit card leaderboard118 cards1 November 2026
Rank by

The lowest credit card rates for carrying a balance.

  1. First9.90%purchase rateWestpac Lite CardWestpac$216 annual fee · Westpac Extras · Up to 45 days interest-freeGo to site
  2. Second10.99%purchase rateAmerican Express Low Rate Credit Card from American ExpressAmerican ExpressNo annual fee · Up to 55 days interest-freeGo to site
  3. Third11.95%purchase rateBCU Classic Credit CardBCU$45 annual fee · Up to 52 days interest-freeGo to site

Ranked by purchase interest rate (% p.a.), lowest first. Leaves out cards with no published purchase rate. Compares 31 card issuers, not the whole market.

The other 115 cards

Ranked by purchase interest rate (% p.a.), lowest first.

  1. 4Newcastle Permanent Value Plus Credit Card11.99%purchase rate2.09 above first ranked$49 annual fee · Up to 55 days interest-free
  2. 5P&N Bank Visa Platinum11.99%purchase rate2.09 above first ranked$99 annual fee · Up to 45 days interest-free
  3. 6Great Southern Bank Low Rate Credit Card (New)11.99%purchase rate2.09 above first ranked$120 annual fee · Up to 55 days interest-free
  4. 7P&N Bank Visa Classic11.99%purchase rate2.09 above first ranked$49 annual fee · Up to 45 days interest-free
  5. 8Australian Military Bank Low Rate Visa Credit Card11.99%purchase rate2.09 above first ranked$49 annual fee · Up to 55 days interest-free
  6. 9Bendigo Bright Credit Card 11.99%purchase rate2.09 above first ranked$59 annual fee · Up to 55 days interest-free
  7. 10People First Bank Visa Credit Card 12.95%purchase rate3.05 above first ranked$59 annual fee · Up to 62 days interest-free
  8. 11ING Orange One Low Rate12.99%purchase rate3.09 above first ranked$48 annual fee · Up to 45 days interest-free
  9. 12Bankwest Breeze Platinum Mastercard12.99%purchase rate3.09 above first ranked$59 annual fee · Up to 55 days interest-free
  10. 13Virgin Money Low Rate Credit Card12.99%purchase rate3.09 above first ranked$99 annual fee · Virgin Money Rewards · Up to 55 days interest-free
  11. 14Bank Australia Low Rate Visa Credit Card12.99%purchase rate3.09 above first rankedNo annual fee
  12. 15BCU Rewards Credit Card13.05%purchase rate3.15 above first ranked$89 annual fee · Cashback · Up to 52 days interest-free

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As of 1 November 2026, the lowest purchase rate tracked by BankMate is 9.90% p.a. on the Westpac Lite Card. How we rank