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Low Rate Credit Card
For the ultimate freedom and flexibility, a smart way to manage your finances.
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Annual fee
Purchase rate
Designed to give you financial freedom and flexibility, our Low-Rate Credit Card offers competitive interest rates and up to 56 interest-free days on purchases.
With a range of extra features and the ability to pay off your balance sooner, Summerland Bank helps you get where you’re going – faster and with more money in your pocket.
Current offers
0% for 9 months on transfers
Consolidate your Credit Card balances and save with Summerland Bank.
Pay no interest or balance transfer fees on eligible transfers3.Talk to one of our lending experts about how we can save you money!
Features
Keep it simple, keep it low.
Competitive interest rates
No fees on balance transfers³
No annual fee for the first year
0% interest for 9 months on balance transfers³
$49 fee per year after the first 12 months
Up to 56 interest-free days
Low Rate Credit Card
What are the fees associated with this credit card?
Our Low-Rate Credit Card has an annual fee of $49, which we waive for the first year to help get you started.
How do I make payments on the credit card?
Paying off your credit card is easy with Summerland Bank thanks to our user-friendly app and seamless internet banking. You can set up a regular repayment or make one-off transfers via EFT or cash deposit.
Do interest free days apply while you have a balance transfer?
You’ll be glad to know that our Low-Rate Credit Card offers plenty of flexibility, which includes interest-free days on new purchases when you have an outstanding balance transfer amount.
Is there a grace period on interest-free purchases?
Yes, the grace period for interest-free purchases is up to 56 days.
Managing your credit card
How do I add an additional cardholder?
To add an additional cardholder on an existing Summerland Bank Credit Card, the cardholder must be 18 years and older:
1. Download and complete the credit card change request form.
2. Provide cardholder details.
3. Provide additional cardholder details in the add an additional cardholder section.
4. Then either click submit to email your request or print your request and forward it to us at PO Box 657, Lismore NSW 2480.
5. Alternatively, visit your nearest Summerland Bank branch.
How can I change my credit card type?
Existing Summerland Bank credit cardholders have the flexibility to switch between the Summerland Low Rate Credit Card and the Rewards Credit Card to align with your unique financial requirements. Simply complete the Credit Card Change Request Form by following the instructions below. For additional details about each credit card type, click here:
1. Download and complete the credit card change request form.
2. Provide cardholder details.
3. Select your preference card type in the change card type section.
4. Then either click submit to email your request or print your request and forward it to us at PO Box 657, Lismore NSW 2480.
5. Alternatively, visit your nearest Summerland Bank branch.
How can I request a balance transfer?
At Summerland Bank, we offer credit card balance transfers with minimum $1,000 for both the Low Rate Credit Card and the Rewards Credit Card. 0% balance transfer on eligible transfers please see the details here. To request a balance transfer, simply follow the instruction below.
1. Download and complete the credit card change request form.
2. Provide cardholder details.
3. Specify the financial institution name and the amount you would like to transfer in the balance transfer request session.
4. Then either click submit to email your request or print your request and forward it to us at PO Box 657, Lismore NSW 2480.
5. Alternatively, visit your nearest Summerland Bank branch.
How can I decrease my credit limit?
If you would like to reduce your credit limit to manage your overall spending, we can reduce your limit only if your current balance is below the new requested limit, the minimum limit you can request is $1,000. Once you have decreased your credit card limit and would like to increase it in the future, you will need to submit a new application. Follow these steps to request a decrease by completing the form below.
1. Complete the request to reduce/cancel credit card limit form online by going to the ‘control your card’ section.
2. Provide cardholder details.
3. Select to request to reduce credit card limit.
4. Indicate both your current credit card limit and new card limit you need.
5. Click submit.
6. Or download and complete the request to reduce/cancel credit card limit form.
7. Then either click submit to email your request or print your request and forward it to us at PO Box 657, Lismore NSW 2480.
8. Alternatively, visit your nearest Summerland Bank branch.
How can I cancel my credit limit?
If you choose to cancel the credit limit on your existing credit card, your credit card account will be closed:
1. Complete the request to reduce/cancel credit card limit form online by going to the ‘control your card’ section.
2. Provide cardholder details.
3. Select to request to cancel credit card limit.
4. Click submit.
5. Or download and complete the request to reduce/cancel credit card limit form.
6. Then either click submit to email your request or print your request and forward it to us at PO Box 657, Lismore NSW 2480.
7. Alternatively, visit your nearest Summerland Bank branch.
Compare credit card options
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Manage your card
Please complete this form to request a credit card limit reduction or cancellation.
- We can reduce your limit only if your current balance is below the new requested limit, the minimum limit you can request is $1,000.
- Once you have decreased your credit card limit and would like to increase it in the future, you will need to submit a new application.
- Keep in mind that if you choose to cancel the credit card limit, your existing credit card will be closed.
Other ways to make a request
- You can also make this request by downloading and completing the request to reduce/cancel credit card limit form.
- Then either click submit to email your request or print your request and forward it to us at PO Box 657, Lismore NSW 2480.
- Alternatively, visit your nearest Summerland Bank branch.
The legal stuff
Credit cards issued by Summerland Bank ABN 23 087 650 806 Australian Credit Licence 239 238 AFSL 239 238. Conditions, fees and charges apply. All information is correct as at 31/1/24 and is subject to change. Full details available on application, in the Detailed Credit Card Product Guide and at summerland.com.au. Lending criteria apply.
1. 0% Interest on balance transfer and 0% transfer fee only applies to balances transferred for a period of 12 months from the date the credit card application is approved and excludes purchases made during this period, Offer limited to Rewards credit card only.
2. Reward points given only on the Rewards Credit Card.
3. 0% Interest on balance transfer and 0% transfer fee only applies to balances transferred for a period of 9 months from the date the credit card application is approved and excludes purchases made during this period, Offer limited to Low Rate credit card only.
At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the purchase rate and accrues interest from the expiry date at the purchase rate, currently 18.99% pa (rewards credit card) and 11.99% (Low Rate credit card). The interest rate is variable and subject to change. The amount transferred must not be less than $1,000. Minimum monthly payments apply during the interest free period. Offer available in respect of balances transferred from non-Summerland credit card accounts issued in Australia only. Offer only available to new credit cards accounts. Target market determination available on request at our branches.
Detailed Credit Card Product Guide Credit Card Key Fact Sheet