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.
6.99% p.a.
Balance transfer rate
for 6 months
6.99% p.a.
Purchase rate
for the first 6 months (reverts to 11.95% p.a.)
$0 p.a.
Annual fee
44 days
Interest free period
Details
| Product Name | BankVic Visa Silver |
|---|---|
| Balance transfer rate | 6.99% p.a. for 6 months |
| Balance Transfer Revert Rate | Purchase Rate (11.95% p.a.) |
| Purchase rate (p.a.) | 6.99% for 6 months, reverts to 11.95% p.a. |
| Annual fee | $0 p.a. |
| Interest Free Period | 44 days |
| Cash advance rate (p.a.) | 11.95% p.a. |
| Min credit limit | $1,000 |
| Max credit limit | $10,000 |
| Card Type | Visa |
| Complimentary Travel Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | No |
| Joint Application | No |
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.
| Annual fee | $0 p.a. |
|---|---|
| Minimum Monthly Repayment | 2.5% of the closing balance or $20, whichever is greater |
| Late Payment Fee | $15 |
| Cash Advance Fee | $4 |
| Overseas Cash Advance Fee | $4 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
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.
