Credit card interest rates can vary enormously, that’s why it’s so important to shop around when contemplating getting yourself a new card.

This year, Community First Credit Union was crowned one of the Low Rate Credit Card winners in the Mozo Experts Choice Awards and for very good reason.

In our analysis of 215 personal credit cards from over 70 providers for this year’s awards, the Community First Credit Union Low Rate Credit Card featured one of the lowest interest rates available in the market at a superbly low 8.99% p.a.

Adding another feather to their cap, Community First Credit Union have been a consistent winner in the Low Rate Credit Card category year after year since the awards began in 2014, proving that reputation and great value interest rates are a staple at Community First. 

Low rate credit cards are a great card option for many Australians, considering many other credit cards can charge an interest rate of around 20% or more on purchases, plus high annual fees and other hidden costs.

At a glance, the Community First Low Rate Credit Card offers one of the lowest rates in the market for purchases, cash advances and even balance transfers with a low annual fee of just $40. And it’s great low 8.99% rate means that rather than wasting hard earned money on interest, customers can focus on paying off any debt sooner.

Head to Mozo to find out more about the Mozo Experts Choice Credit Card Awards.

 

About the author:

Peter Marshall has been working in the Australian banking and finance industry for over 20 years and oversees Mozo's extensive product database. He is one of the expert judges charged with assessing and determining the winners of the Mozo Experts Choice Awards.

Last updated: 16 October 2020

The information contained in this article is only correct at the point of time of publication. It is general information and has been prepared without taking into account your personal circumstances, objectives or needs. Please consider if this information is right for you before making a decision to acquire any product.