Bank of us Visa Credit Card

Get up to 57 days interest-free on purchases and a low variable interest rate.

The Bank of us Visa Credit Card is a no-frills credit card that you can use at more than 24 million outlets worldwide. This card offers up to 57 interest-free days on purchases during each statement period when you pay your balance in full. You can link this card with up to 2 other Bank of us accounts and minimise the number of cards you carry. Bank of us offers modest benefits with this card — find out more about them below.

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Amy Bradney-George

Last Updated Sep 17, 2020

9.99% p.a.

Purchase rate

$39 p.a.

Annual fee

57 days

Interest free period

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Details

Product Name	Bank of us Visa Credit Card
Purchase rate p.a.	9.99%
Annual fee	$39
Interest-free period	Up to 57 days on purchases
Cash advance rate	9.99% p.a.
Min credit limit	$500
Card type	Visa
Foreign currency conversion fee	2.5%

Available to temporary residents	No
Joint application	No

Pros

Low interest rate of 9.99% p.a. on purchases, balance transfers and cash advances
$39 annual fee will be waived when you spend $8,000 per year
Up to 57 days interest-free on purchases

Cons

Charges $20 on late payment fees

Bonus points	N/A

Annual fee	$39
Minimum monthly repayment	3% of the closing balance or $10, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	2.5%
Cash advance fee	5%
Overseas ATM withdrawal fee	$5
Number of additional cardholders	2

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

Available to existing Tasmanian residents, the Bank of us Visa offers a low variable rate of 9.99% for purchases, balance transfers and cash advances. It offers worldwide acceptance through the Visa network, with contactless payments in-store, secure online payment options – plus bill payments via BPAY through the Bank of us mobile app.

It also has a competitive annual fee of $39 p.a., which is waived if you spend more than $8,000 annually.

How to apply

You can apply for the Bank of us Visa Credit Card online, or by visiting any Bank of us branch.

Eligibility criteria

Age. You must be at least 18 years of age to apply.
Residency. You are a resident of Tasmania.

Required documents

Personal details. Including your full name, date of birth, residential address, contact information, marital status and number of financial dependents.
Employment. Confirm your current place of employment and provide your employer's contact information.
Finances. Details about your existing financials like income, loans, credit cards, and overdrafts.

Card benefits

Low rate. The Bank of us Visa has a low variable rate of 9.99% on purchases and balance transfers. Cash advances and BPAY payments also attract a competitive rate of 9.99%
Interest-free days. You can get up to 57 interest-free days on purchases if your pay your account's closing balance in full by the due date listed on your statement.

Link multiple accounts. You have the ability to link 2 more Bank of us accounts to this credit card. Access your credit limit and your own funds with the convenience of just carrying just one card.
Contactless payments. This card allows you to make contactless payments up under $100 at merchants who accept Visa cards and support this technology.
Online card security. When you use your Bank of us Visa Card for online transactions, you receive protection through Visa Secure, an online security program. This means you may be taken through an extra step to verify your purchases when you're shopping online with participating retailers.

Rates & fees

Annual fee. This card attracts an annual fee of $39 p.a. If you spend more than $8,000 annually, Bank of us will waive the annual fee.
Additional cards. You can nominate up to 2 individuals to receive additional cards. These individuals should be over 16 years of age and Bank of us clients. You remain liable for all transactions made using additional cards linked to your primary card.

Balance transfers. Bank of us treats balance transfers the same way as purchases, meaning you can manage your repayments easily with all the debt you have on your card.

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2 Comments

Peter
July 23, 2015

I have a B and E debit Visa card what are the overseas transaction fees if I withdraw cash from an ATM in Thailand?

Reply
- finder Customer Care
  
  Jonathan
  July 23, 2015
  
  Hi Peter, thanks for your inquiry!
  
  The overseas ATM withdrawal fee is $5.
  
  Cheers,
  
  Jonathan
  
  Reply

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