Australian Mutual Bank

Australian Mutual Bank credit cards

Australian Mutual Bank’s credit cards are made from recycled plastic, with competitive rates and fees. Here’s what else it offers.

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Australian Mutual Bank is a member-owned, ethical bank that has operated in Australia since 1953. The brand was created after a merger between Endeavour Mutual Bank and Sydney Mutual Bank/Credit Union, which was completed in 2021. It offers one credit card, made from 82% recycled plastic, with features that fit with the brand's ethical values.

Australian Mutual Bank credit card comparison

Name Product Purchase rate Interest-free period Balance transfer rate Annual fee
Australian Mutual Bank Visa Credit Card
10.49% p.a.
Up to 55 days on purchases
10.49% p.a.
$30
Receive up to 55 days interest-free on purchases, Visa payWave and the compatibility of Apple Pay and Google Pay.
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Types of credit cards from Australian Mutual Bank

  • Low rate card

The Australian Mutual Bank Low Rate Visa credit card has a 10.49% p.a. interest rate for purchases and a relatively low $30 annual fee. It also offers tap-and-go payments at the checkout and mobile payments with Apple Pay, Google Pay and Samsung Pay.

Benefits of getting a credit card with Australian Mutual Bank

  • Eco-friendly card

The Australian Mutual Bank Low Rate Visa is made from 82% recycled plastic. The plastic body of the card is actually made from 99% recycled PVC, while the inlay, antenna, magnetic stripe and chip module aren't made from recycled plastic because that's not an option right now.

  • Ethical and sustainable banking values

Australian Mutual Bank is carbon neutral and will transition to 100% renewable energy across the business by 2023. It is also committed to investing funds ethically and does not invest in the following industries:

  • Deforestation
  • Fossil fuels
  • Gambling
  • Live animal export
  • Tobacco
  • Weapons/live arms industry
  • Mobile payments

If you want to pay straight from your phone or other device, you can add your Australian Mutual Bank Low Rate Visa to one of the following digital wallets.

Apple PayGoogle PaySamsung PayFitbit PayGarmin Pay
YesYesYesNoNo
  • App

You can activate a card, check your balance, put a temporary block on your card and manage other parts of your account through the Australian Mutual Bank mobile app. You can also manage your account through Internet banking or by calling 13 61 91.

  • Visa benefits

You can use an Australian Mutual Bank credit card to make payments in-store, online and over the phone, wherever Visa is accepted. When you shop online, you can also get an extra layer of protection with Visa Secure. Plus, take advantage of exclusive deals for shopping, dining, entertainment and travel through Visa Offers + Perks (listed on the Visa Australia website).

Eligibility criteria

Before you can apply for a credit card, there are a few eligibility boxes you need to tick. We've listed the key ones for the Australian Mutual Bank Low Rate Visa credit card below:

  • Australian residency status. You must be a citizen or permanent resident of Australia.
  • Income. You need to have a regular, permanent income.
  • Age. You must be over 18 years old.

How long does it take to apply?

It takes around 10-20 minutes to apply for a credit card online. Once you've completed the application, someone from Australian Mutual Bank will be in touch with the next steps.

If you need more time while you're applying, you can also save the application and come back to it later.

Information and documents you need to apply

  • Personal information. This includes your name, date of birth, email address, residential address, marital status and number of dependents. If you are new to Australian Mutual Bank, you'll also need to provide a valid form of ID, such as your Australian driver's licence or passport.
  • Income details. You'll need to include details about your income from all sources, which can include shares and any income you earn from real estate investments. If you're employed, you'll need to include details of your job title, length of employment and your employer's contact details.
  • Financial details. This covers your savings and other assets, as well as existing debts, loans and your share of regular household expenses.

Credit card details

As part of the application, you'll be asked for details about the new credit card. The key questions to think about are:

  • Credit limit. You can request a credit limit of any amount above the minimum limit of $1,000. Just keep in mind that the credit limit you're offered is subject to Australian Mutual Bank's lending criteria and assessment, so it may be lower than the limit you request.
  • Balance transfers. If you want to request a balance transfer to move existing debt onto the Australian Mutual Bank credit card, you'll need to provide details of the total amount you want transferred, as well as the account name, number and institution's BSB.

What happens after you apply?

Australian Mutual Bank will send you an email with a summary and application reference number. You'll also get details about providing more supporting documentation (if that's needed).

Want to compare a wider range of credit cards? Check out the latest offers for rewards, balance transfers, low rates and more.

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