Bank of us Visa Credit Card – Rates & Fees

Get up to 57 days interest-free on purchases and pay a low ongoing rate

The Bank of us Visa Credit Card is a no-frills credit card that you can use at more than 24 million outlets the worldwide. This card offers as many as 57 interest-free days on purchases. 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 a wide number of benefits with this card — find out more about them on the page below.

Product NameBank of us Visa Credit Card
Maximum Balance Transfer Amount95% of the approved credit limit
Purchase rate (p.a.)9.99% p.a.
Annual fee$39 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 57 days on purchases
Cash advance rate (p.a.)9.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Minimum Monthly Repayment3% or $10, whichever is greater
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.5% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Annual Fee$39 p.a.
Minimum Repayment3% or $10, whichever is greater
Late Payment Fee$20
Cash Advance Fee$5
Overseas Emergency Replacement$120
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.5% of transaction value
Gambling Transactions AllowedNo
Number of Additional Cardholders2
BPAYYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes

Bank of us Visa Credit Card review

If you’re looking for a basic credit card that charges a low ongoing rate, take a look at what the Bank of us Visa Credit Card has to offer. If you use this card in the right manner you can get up to 57 interest-free days on purchases. You can also access your funds and account-related information in various ways.

Benefits of the Bank of us Visa Credit Card

  • Low rate. This basic credit card doesn't offer premium features, and this is why it manages to charge a low ongoing rate of 9.99% p.a. on purchases. Its cash advance rate, currently 9.99% p.a. is also very competitive.
  • Annual fee wavier. If you spend more than $8,000 annually, Bank of us will waive the $39 annual fee.
  • 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.

Bank of us Visa Credit Card features

  • Annual fee. This card attracts a nominal annual fee of $39 p.a.
  • 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 mentioned on your statement. This applies to balance transfers, too.
  • 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.
  • 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.
  • Visa payWave. This card is payWave enabled, which allows you to make contactless payments up under $100 at merchants who support this technology.
  • Online card security. When you use your Bank of us Visa Card for online transactions, you receive protection through Verified by Visa, an online security program.

How to apply for the Bank of us Visa Credit Card

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

Eligibility criteria

  • You are over 18 years of age
  • You are not a US citizen or Politically Exposed Person

Required documentation

  • Your personal information and contact details
  • The contact details of a relative or friend who doesn't live with you
  • Your current employer’s contact details
  • Details about existing your existing financials like income, loans, credit cards, and overdrafts

Consider applying for this credit card if you’re not looking for much other than a low ongoing rate and a balance transfer offer, but given that other cards offer these features, comparing the Bank of us Visa Card with a few others is in your best interest.

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2 Responses

  1. Default Gravatar
    PeterJuly 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?

    • Staff
      JonathanJuly 23, 2015Staff

      Hi Peter, thanks for your inquiry!

      The overseas ATM withdrawal fee is $5.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated November 22nd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
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12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
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Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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