Best Low-Interest Credit Cards for Young Aussies in 2025

Best Low-Interest Credit Cards for Young Aussies in 2025

Flat lay of credit cards, a smartphone, and a financial notebook on a wooden table.

If you're a young professional in Australia looking to save on interest while building your credit, choosing the right credit card can make a huge difference. Here are the best low-interest options to consider in 2025.

What to Look for in a Low-Interest Credit Card

  • Annual Percentage Rate (APR): Lower is better for carrying balances.
  • Annual Fee: Some cards offer low or even no annual fees.
  • Balance Transfer Offers: Great if you have existing debt on another card.
  • Interest-Free Period: Typically 44–55 days—use wisely!

Top 3 Low-Interest Credit Cards for 2025

1. Commonwealth Bank Low Rate Card

  • Interest rate: 13.24% p.a.
  • Annual fee: $59
  • Interest-free period: up to 55 days
  • Suitable for: Everyday purchases and balance transfers

2. Westpac Low Rate Credit Card

  • Interest rate: 13.74% p.a.
  • Annual fee: $59 (waived first year)
  • 0% p.a. balance transfer for 28 months
  • Suitable for: Young people consolidating debt

3. ANZ Low Rate Credit Card

  • Interest rate: 12.49% p.a.
  • Annual fee: $58
  • Intro offer: $0 annual fee for the first year
  • Suitable for: Low-spending users looking for a solid starter card

Quick Comparison

Card Interest Rate Annual Fee Intro Offers
CommBank Low Rate 13.24% $59 -
Westpac Low Rate 13.74% $59 (waived 1st yr) 0% BT for 28 months
ANZ Low Rate 12.49% $58 $0 annual fee 1st yr

Tips Before You Apply

  • Check your credit score first
  • Only apply for one card at a time
  • Have proof of steady income
  • Understand the T&Cs of intro offers

Conclusion

Low-interest credit cards are a smart way to manage spending without falling into high-interest debt. Compare carefully and choose the one that fits your financial habits and goals.

Next article: Renting vs Buying: What Makes Sense for Millennials?

 



 

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