Best-rated credit cards with introductory purchase rate offer

The table below shows Low Rate credit cards on Canstar’s database that feature introductory purchase rate offers.

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Editor-in-Chief
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  • Star Rating - lowest first
  • Star Rating - highest first
  • Purchase rate p.a. - lowest first
  • Purchase rate p.a. - highest first
  • Annual fee - lowest first
  • Annual fee - highest first
  • Interest free days - lowest first
  • Interest free days - highest first

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promoted
Bank Australia Limited trading as Qudos Bank Lifestyle
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238431.
Bank Australia Limited trading as Qudos Bank Lifestyle
star filled star filled star filled star filled empty star
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4.99%
for 5 mths
then 12.34%
$0
0
Link Not Supplied
Offer
Discount
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 238431.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238431.
promoted
BankVic Low Rate Visa
star filled star filled star filled empty star empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 240293.
BankVic Low Rate Visa
star filled star filled star filled empty star empty star
Tooltip icon
8.99%
for 6 mths
then 13.95%
$0
44
Link Not Supplied
Offer
Discount
24hr approval available
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 240293.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240293.
promoted
Coles Low Rate Mastercard
star filled star filled star filled empty star empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 230686.
Coles Low Rate Mastercard
star filled star filled star filled empty star empty star
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0%
for 6 mths
then 13.49%
$58
55
Link Not Supplied
24hr approval available
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 230686.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 230686.
promoted
Horizon Bank Visa Credit Card
star filled star filled star filled empty star empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 240573.
Horizon Bank Visa Credit Card
star filled star filled star filled empty star empty star
Tooltip icon
4.99%
for 5 mths
then 12.95%
$49
55
Link Not Supplied
Offer
Discount
24hr approval available
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 240573.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240573.
promoted
People's Choice Visa Credit Card - Low Rate
star filled star filled star filled empty star empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 244310.
People's Choice Visa Credit Card - Low Rate
star filled star filled star filled empty star empty star
Tooltip icon
2.99%
for 6 mths
then 12.95%
$59
62
Link Not Supplied
Offer
Discount
24hr approval available
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 244310.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 244310.
promoted
Teachers Mutual Bank Credit Card
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
Teachers Mutual Bank Credit Card
star filled star filled star filled star filled star filled
Tooltip icon
7.90%
for 6 mths
then 11.50%
$0
55
Link Not Supplied
Offer
Discount
24hr approval available
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 238981.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981.
promoted
UniBank Credit Card
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
UniBank Credit Card
star filled star filled star filled star filled star filled
Tooltip icon
7.90%
for 6 mths
then 11.50%
$0
55
Link Not Supplied
Offer
Discount
24hr approval available
Apply in full online
Fraud protection
Fees & charges apply. Australian Credit Licence 238981.
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981.

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Unsure of a term in the above table? View glossary

The initial results in the table above are sorted by Star Rating (High-Low) , then Purchase rate p.a. (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

promoted
Fees & charges apply. Australian Credit Licence 291313.
Receive 50,000 Bonus Qantas Points
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Receive 50,000 bonus Qantas points
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Min spend $5k in first 3 months. Offer ends 1 July 2025
dot
T&Cs apply. New Amex Card Members only.
Fees & charges apply. Australian Credit Licence 291313. See Terms & Conditions.
Fees & charges apply. Australian Credit Licence 291313. See Terms & Conditions.

About Credit Cards with Intro Offers on Purchase Rate

An ‘intro rate’ deal is one where you are offered a discounted interest rate, on purchases, for a limited period of time after you sign up for, or start using, the card. This means that if you don’t pay off the full amount owing on the card at the end of the month, you’ll be charged interest on purchases at the discounted rate. However, after the introductory period, the purchase interest rate then reverts to the standard rate that applies for that credit card product. Canstar’s comparison tables (above), first shows the rate offer in larger text, and then the length of time that rate applies and the revert rate. Both the intro offer rate and the revert rate shown in the table are updated daily.

Are credit card intro offers worth it?

Whether or not a credit card introductory offer is worth it depends on what you want to use the card for as well as your personal circumstances. To work out what card offers the best deal for your circumstances, it’s a good idea to consider:

  • the discounted purchase rate: Is it competitive against other intro rates?
  • the length of time that rate lasts: Will you pay the balance off the card before the rate expires?
  • the revert rate: Is it competitive? Are you likely to keep the card after the intro rate offer expires?
  • the terms and conditions of the card: Are there any special conditions that might impact how you use the card? What are considered ‘eligible purchases’, to which the discounted rate will apply?
  • annual fees and other charges: How does the annual fee compare to other cards? Is the discount worth the annual fee?
  • interest-free period: How many days to you have to pay off the balance of the card every month? Does it suit your spending habits?
  • What impact will applying for the card have on your credit score? Every time you apply for credit, it is recorded on your credit report. Too many applications could be one of the things that has a negative impact on your score.

Learn more: Should you get a credit card? Is it worth it?

Frequently Asked Questions about Credit Cards with Introductory Offers

A credit card purchase rate is the interest rate that applies to regular purchases.

Latest in credit cards

Canstar Credit Card Star Ratings and Awards

Looking for an award-winning credit card product or to switch providers or brands? Canstar rates products based on price and features in our Credit Card Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall.

Canstar rates a range of financial products, covering banking, insurance and investment. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.

Credit Card Star Ratings and Awards

About our finance experts

Nina Rinella, Editor-in-Chief

Nina Rinella
As Canstar’s Editor-in-Chief, Nina heads up a team of talented journalists committed to helping empower consumers to take greater control of their finances. Nina has written countless articles about finance and has been interviewed on finance topics by media organisations including The Australian, Realestate.com.au, Domain, the Herald Sun and the Sydney Morning Herald. Previously Nina founded her own agency where she provided content and communications support to clients around Australia for 8 years. She also spent four years as the PR Manager for American Express Australia, and has worked at a Brisbane communications agency where she supported dozens of clients, including Sunsuper and Suncorp. When she’s not dreaming up ways to put a fresh spin on finance, she’s taking her own advice by trying to pay her house off as quickly as possible and raising two money-savvy kids. Nina has a Bachelor of Journalism and a Bachelor of Arts with a double major in English Literature from the University of Queensland. She’s also an experienced presenter, and has hosted numerous events and YouTube series. You can follow her on LinkedIn and Canstar on Facebook. Meet the Canstar Editorial Team. Have a media enquiry, and interested in featuring Nina as a financial expert and commentator? Contact Canstar’s Media Team today.

Joshua Sale, GM, Research

Joshua Sale

As Canstar’s Ratings Manager, Josh Sale is responsible for the methodology and delivery of Canstar’s Credit Card Star Ratings and Awards. With tertiary qualifications in economics and finance, Josh has worked behind the scenes for the last five years to develop Star Ratings and Awards that help connect consumers with the right credit card for them.

Josh is passionate about helping consumers get hands-on with their finances. Josh has been interviewed by media outlets such as the Australian Financial Reviewnews.com.au and Money Magazine.

You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.


Important information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

The Credit Cards Star Ratings are updated daily based on product features at that date, except for the Overseas Travel profile which is updated annually. Current rates, product features and fees are displayed and may be different to what was rated. The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. Depending on which card feature/use you are looking at, the results will be sorted as follows:

  • Low fee is sorted by Star Ratings, then lowest Annual Fee, then alphabetically by brand.
  • Rewards is sorted by Star Ratings, then lowest Annual Fee, then alphabetically by brand.
  • Frequent Flyer is sorted by Star Ratings, then highest airline points per dollar, then alphabetically by brand.
  • Balance Transfer is sorted by Star Ratings, then lowest balance transfer rate, then lowest rate for the longest period, then lowest revert rate, then lowest upfront fee, and then alphabetically by brand. Please note that Balance Transfer Star Ratings are not for balance transfer suitability but are instead based on the Low Rate profile. 
  • All card types is sorted by highest Points per dollar spent, then lowest Annual fee, then alphabetically by brand.
  • Overseas Travel is sorted by Star Ratings, then lowest currency conversion on purchases, then lowest annual fee.

 

You can use the sort buttons at the top of each column to re-order the display. Learn more about our Credit Cards Star Rating Methodology and our Travel Credit Card and Travel Debit Card Star Ratings Methodology. The Occasional Overseas Traveller rating is shown in the table. The rating shown is only one factor to take into account when considering products. 

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied. The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. Canstar provides information about credit products. We’re not suggesting or recommending a particular credit product for you. If you decide to apply for a Credit Card, you will deal directly with the provider, not with Canstar. It’s important you check rates and product information directly with the provider. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. For more information, read our Detailed Disclosure.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

Before you elect to terminate or modify existing lending arrangements, it is recommended that you consider all associated fees and application costs, as well as the timing and impact these changes could have on your wider financial arrangements and personal circumstances.