There are a few different student Visa credit cards available in Australia and you should do a comparison between them before making a final choice. One card does not fit all when it comes to student cards, and you will find, when you start comparing them, that one offer will fit your needs better than another.

Student Visa credit cards

Generally speaking, student Visa credit cards will have a higher interest rate and a lower credit limit. This compensates for the lower income that a student usually has. Also, student requirements for credit cards are less strict so the credit limit needs to remain low.

Requirements

You have to be over 18 years old to apply for student Visa credit cards. You must also be a full-time student and a citizen of Australia. If you meet these requirements, you can fill out an application online, by phone or at a local bank branch.

Some banks require that you already have a streamlined bank account with them in order to get approved for student Visa credit cards. When you apply you should have your banking account details nearby along with your education, employment and personal details.

One way you can find out what type of card would suit you best is by looking on the Internet. You can compare card features such as credit limits, rewards programs, interest-free periods and interest rates all in one shot.

Commonwealth Bank Low Fee card

One of the best student Visa credit cards available is the CBA Low Fee card. It comes with a low credit limit so a student never has to worry about overspending.

  • Purchase rate of 20.24% p.a. p.a.
  • Cash advance rate of 21.74% p.a. p.a.
  • Annual fee of $24 ($0 for qualifying customers)
  • 5.99% p.a. for 5 months on balance transfers
  • An additional cardholder can be added at no charge.

Student Visa credit cards are designed especially for students . Low credit limits keep the student from getting too far in debt, but are high enough to help out when need be. If yo have been thinking about getting one, the CBA card mentioned above is a good choice for most students.