BankVic Visa Silver credit card

Pay no annual fee and save with a low introductory interest rate for the first 6 months.

The BankVic Visa Silver credit card boasts a bunch of cost-saving extras including a 6.99% p.a. interest rate for the first 6 months. After this, the low ongoing interest rate of 11.95% p.a. will apply. You’ll save with $0 annual fee and can take advantage of exclusive perks for Visa cardholders.

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Details

Product NameBankVic Visa Silver
Balance transfer rate6.99% p.a. for 6 months
Balance transfer revert ratePurchase Rate (11.95% p.a.)
Purchase rate6.99% p.a. for 6 months, reverts to 11.95% p.a.
Annual fee$0
Interest-free periodUp to 44 days on purchases
Cash advance rate11.95% p.a.
Min credit limit$1,000
Max credit limit$10,000
Card typeVisa
Available to temporary residentsNo
Joint applicationNo

Pros

  • $0 annual fee for life
  • Introductory 6.99% interest rate for the first 6 months on purchases and balance transfers
  • Compatibility with Apple Pay and Google Pay

Cons

  • Only up to 44 days interest-free on purchases, as opposed to other cards that offer up to 55 days.
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Late payment fee$15
Cash advance fee$4
Overseas cash advance fee$4

How to apply

You can apply for the BankVic Visa Silver credit card online in around 5 minutes. Before you get started, check if you meet the eligibility criteria and prepare the necessary details to complete the application.

Eligibility criteria

  • Credit history. You’ll need a good credit score and must not have declared bankruptcy, insolvency or defaulted on any other lines of credit.
  • Residency. This card is only available to permanent Australian residents.

Card benefits

  • No annual fee. This card charges $0 annual fee for life.
  • Introductory low rate offer. You can reduce your interest costs on purchases and balance transfers with a low fixed rate of 6.99% for the first 6 months. After the introductory period, all balances will attract the standard 11.95% p.a. interest rate.

Rates & fees

  • Low rate. Outside of any promotions, this card charges a low ongoing interest rate of 11.95% p.a. on purchases, balance transfers and cash advances.
  • Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 44 interest-free days on purchases. You won’t be eligible for interest-free days if you’re paying off a balance transfer debt.
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Review by


Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

With no annual fee and a low introductory rate, the BankVic Silver credit card is designed to help you cut standard card costs. Unlike most cards with a low interest offer, the standard interest rate that applies after the first 6 months is relatively competitive. This means this card could help you save more if you’re planning to use it beyond the promotional period. However, there are some other cards that offer 0% on purchases and balance transfers for longer introductory periods, so it’s worth comparing your options.

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