A smart solution
Designed to give you ultimate financial freedom and flexibility, with competitive interest rates and options to pay your balance off sooner, our Low-Rate Credit Card is a smart way to manage your finances.
With a range of additional features, it’s time to get to where you’re going sooner and with more money in your back pocket, thanks to Summerland Bank.
$49
Annual fee
Waived for the first 12 months, only pay $49 for the benefit of our Low-Rate Credit Card every year thereafter.
11.99%
Purchase rate
A competitive variable interest rate with some truly unforgettable features.
56 days
Interest free period
Enjoy up to 56 days interest free on purchases.
Hot balance transfer offer
Consolidate your Credit Card balances and save with Summerland Bank.
0% for 9 months on transfers
Spend smart
With a user-friendly display and enhanced safety features, we are making your banking even easier, faster and more secure.
Competitive interest rate
No annual fee for the first year
$49 fee per year after the first 12 months
No fees on balance transfers3
0% interest for 9 months on balance transfers3
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.
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:
- Download and complete the credit card change request form.
- Provide cardholder details.
- Provide additional cardholder details in the add an additional cardholder section.
- 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.
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:
- Download and complete the credit card change request form.
- Provide cardholder details.
- Select your preference card type in the change card type section.
- 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.
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.
- Download and complete the credit card change request form.
- Provide cardholder details.
- Specify the financial institution name and the amount you would like to transfer in the balance transfer request session.
- 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.
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.
- Complete the request to reduce/cancel credit card limit form online by going to the ‘control your card’ tab above.
- Provide cardholder details.
- Select to request to reduce credit card limit.
- Indicate both your current credit card limit and new card limit you need.
- Click submit.
- Or download and complete 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.
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:
- Complete the request to reduce/cancel credit card limit form online by going to the ‘control your card’ tab above.
- Provide cardholder details.
- Select to request to cancel credit card limit.
- Click submit.
- Or download and complete 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
Ready to get started?
If you’re ready for a braver kind of banking, here are three ways to get started with Summerland Bank.
Apply online
Get started online with your ID at the ready and a quick check of your personal details.
Contact us
Good old-fashioned customer service, the Summerland way.
Visit a branch
Find your closest Summerland Bank branch and our friendly local team will be ready to help.
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