Got credit card debt? Choose a low-interest card

If you’ve got credit card debt – and are struggling to pay it off – you really need to ensure that you’re signed up to a low interest credit card. These cards are not going to give you fancy rewards and perks, but if you’ve got credit card debt – and are paying interest on that debt – you need to get that debt down to zero, and fast.

Here are three cards that can help you do just that.

Bankwest Breeze Mastercard

The Bankwest Breeze Mastercard charges 0% p.a. interest on balance transfers for up to 24 months. In other words, if you have $5,000 in credit card debt today and you move it across to Bankwest Breeze, you will pay zero interest on that debt for two years. That’s a two-year window to get your debt down to zero.

Note, however, that a once-off 3% balance transfer fee applies at the time you move the balance across. So if you are moving $5,000 in credit card debt to Breeze, you will pay $150 upfront to switch to the new card. Although this may seem like a reason not to move, if you’re currently paying 20% or more interest on your credit card debt, which is fairly standard – 3% is nothing.

Once signed up, any new spending you put on the card will attract a 12.99% p.a. ongoing rate, which still sits well below the typical Australian credit card average (anywhere from say 19% to 23%). And once your two-year window finishes, any remaining debt on your credit card will also attract this interest rate.

Not only does this card offer attractive interest rates, the annual card fee is pretty low compared to most other cards on the market ($49 for the Classic card, $59 for Platinum). What’s more, if you are someone who buys a lot of stuff online in foreign currencies, than look specifically at the Premium card which has a zero foreign transaction fee.

Major features include:

• A relatively low annual fee ($49 for Classic, $59 for Platinum).
• A minimum credit limit as low as $1,000 for the Classic version, making it accessible for many borrowers.
• up to 55 days interest-free on new purchases provided you pay your statement balance in full on time.
• On the Classic card, there’s a foreign transaction fee (2.95%) on overseas or international online spending. No foreign transaction fees on the Platinum card.

It’s worth noting this isn’t a rewards card so you won’t earn frequent flyer points. But for many Australians juggling debt, Breeze is a pretty good card: not the flashiest card in the wallet, but undeniably one of the more sensible for reducing interest burden and building financial breathing room.

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NAB Low Rate Balance Transfer Card

The NAB Low Rate Card isn’t a rewards card and doesn’t chase exciting perks. Instead, it focuses on what matters most if you regularly carry credit card debt: keeping interest and fees low.

Its key feature is a 5.99% p.a. balance transfer rate for 24 months, with no balance transfer fee (this means that it costs nothing to move your credit card debt across, and once in the account you’ll be charged 5.99% for 2 years). If you compare that to the interest rate you’re currently being charged (take a moment to check), you will probably find that 5.99% is pretty darn cheap.

For all additional spending that you put on the card, you will pay 13.49% p.a., which is well below many standard and rewards-focused cards (which charge anywhere from 19 – 23%). And if you pay your statement balance in full each month, you’ll also benefit from up to 55 days interest-free on purchases, making it easier to manage cash flow without extra cost.

Another handy feature of this card is it’s annual fee of $0 for the first year, reverting to $59 p.a. from the second year, which is still pretty cheap.

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ING Orange One Low Rate Card

If you’re looking for a credit card that doesn’t punish you for using it, the ING Orange One Low Rate Card makes sense. It’s built around keeping your everyday spending cheap and straightforward – without confusing rewards schemes or hidden fees.

For starters, the card offers a low ongoing purchase interest rate (around 12.99% p.a.) with up to 55 days interest-free on purchases when you pay your statement balance in full each month. That’s a sensible rate compared with many standard or rewards cards, and it gives you breathing room on everyday buying.

Where this card really stands out is in its treatment of international transactions. It has no overseas or international transaction fees, which is rare among low-rate cards. That means whether you’re booking flights, shopping online from foreign retailers, or using your card while travelling, you won’t get hit with extra charges on top of your purchase – a genuine saving that many everyday users overlook.

The card also comes with a low annual fee, helping keep ongoing costs down without sacrificing key protections like fraud monitoring and global emergency card support.

This isn’t a card for chasing points or flashy perks. Instead, it’s a practical everyday companion: easy to use, predictable in cost, and gentle on your wallet if you don’t carry big balances or mismanage repayments.