Enjoy a low ongoing purchase rate and no annual fee for the first year with the Border Bank Visa Credit Card.
The Border Bank Visa Credit Card is a low cost credit card which offers a low purchase rate, 55 days interest free and a low annual fee which is waived for the first year. Being a Visa credit card, it also has a range of benefits offered by Visa which makes your card safer to use and means it's accepted all over the world.
| Product Name | Border Bank Visa Credit Card |
|---|---|
| Balance transfer rate (p.a.) | 0% p.a. for 12 months |
| Balance Transfer Revert Rate The interest rate after the balance transfer ends. | Purchase Rate (10.76% p.a.) |
| Maximum Balance Transfer Amount | 95% of credit limit |
| Purchase rate (p.a.) | 10.76% p.a. |
| Annual fee | $0 p.a. annual fee for the first year ($30 p.a. thereafter) |
| Interest Free Period The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 10.76% 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. | $1,000 |
| Card Type | Visa |
| 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. | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | No |
| Joint Application | No |
| Annual fee | $0 p.a. annual fee for the first year ($30 p.a. thereafter) |
|---|---|
| Minimum Monthly Repayment | 2.5% or $5 whichever is greater |
| Late Payment Fee | $10 |
| 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. | 3% of transaction value |
| Overseas Cash Advance Fee | $3.80 |
| Overseas ATM Withdrawal Fee | $3.80 |
| Gambling Transactions Allowed | No |
Features of the Border Bank Visa Credit Card
The Border Bank Visa Credit Card has a range of features to help you spend more efficiently. These include:
- Visa payWave. This card can use payWave and PayPass terminals. This means for purchases under $100 you can tap your card against the terminal as opposed to swiping it or inserting it. This means you can use your credit card for smaller purchases and spend much less time at the register.
- Balance transfer deal. The Border Bank Visa Credit Card also allows you to bring across balances from existing cards and pay a lower promotional rate of interest. This will see you pay more of your balance off and less in interest when compared to your regular card. You'll need to fill out a balance transfer request form to carry this out.
- Visa acceptance. Visa is offered at almost 30 million merchants in 250 countries across the globe. This means wherever you are your Border Bank Visa Credit Card can be used, although using it overseas will come with additional fees.
- Other Visa benefits. If you shop at an online store which displays the 'Verified by Visa' logo and you've applied for the program, you'll get extra security on your purchase. You also get access to Visa Entertainment which allows you to get pre-sale tickets to different concerts.
- Accessible. The Border Bank Visa Credit Card allows you use your card to pay bills using your internet banking. This means your account is accessible 24/7, so you can use BPAY, hear or see your recent transactions and learn about your account balance whenever you need to.
- Up to 55 days interest free. This card, like many other low-cost cards, offers up to 55 days interest free. This means you might have plenty of time (depending on when you make a purchase in your statement cycle) to pay off your balance and avoid interest.
- Security. The Border Bank Visa Credit Card has a microchip embedded in it to reduce the chance of having your card details stolen. This along with using a PIN when paying decreases the possibility of having your card used for fraudulent transactions.
