Bank Australia Credit Cards

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Choose from an array of credit cards with features such as frequent flyer points, no annual fees or a low ongoing interest rate.

Bank Australia (formerly known as bankmecu) is a customer-owned bank with a history dating back to 1957. It now has over 130,000 members who benefit from a variety of financial products and services including credit cards, everyday banking accounts, savings accounts, term deposits, home loans, personal loans and insurance solutions.

Bank Australia's range of credit cards include a low rate card, a no annual fee card and a frequent flyer rewards card. These products all offer competitive rates, fees and additional features in comparison to similar products on the market.

Comparison of Bank Australia Credit Cards

Rates last updated September 23rd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Bank Australia Visa Credit Card
12.39% p.a.
$0 p.a.
Enjoy a competitively low interest rate, up to 55 days interest-free on purchases and the ability to use Apple Pay or Android Pay.
Bank Australia Low Rate Visa Credit Card
9.39% p.a.
$59 p.a.
Enjoy the same competitively low interest rate on purchases and cash advances, and exclusive offers from Visa Entertainment.
Bank Australia Platinum Rewards Visa Credit Card
18.24% p.a.
$189 p.a.
Receive platinum cardholder benefits, complimentary overseas travel insurance, plus earn up to 2 Qantas Points per $1 spent.

Compare up to 4 providers

Types of credit cards from Bank Australia

Bank Australia's range of credit cards are designed to suit different spending habits and needs. The cards you can choose from include:

  • Low rate credit card

The Bank Australia low rate credit card offers a low ongoing variable purchase rate of 9.39% p.a. This card attracts a nominal annual fee of $59 and gives you access to funds around the world, anywhere Visa is accepted. Learn more about Low Rate Credit Cards

  • No annual fee credit card

The Bank Australia Visa Credit Card has a $0 annual fee and a competitive standard variable purchase rate of 12.39% p.a. It also offers up to 55 interest-free days on purchases when you pay your balance in full by the due date on each statement. Learn more about No Annual Fee Credit Cards

  • Platinum credit card with frequent flyer rewards

The Bank Australia Platinum Rewards Visa Credit Card earns 1 Qantas Point per $1 spent on eligible purchases and 2 points per $1 spent on selected Qantas products and services in Australia. It also offers platinum perks including complimentary overseas travel insurance. This card attracts an annual fee of $189.

Learn more about Frequent Flyer Credit Cards

What are the benefits of banking with Bank Australia?

Banking with Bank Australia comes with a number of benefits, and here’s what you can look forward to as a Bank Australia member:

  • Savings

Bank Australia is 100% owned by customers. This means the bank can put profits back into providing better rates and fees for members.

  • Round-the-clock customer service

Bank Australia members who reside in New South Wales, Victoria, Queensland, South Australia, and ACT can get in touch with a Bank Australia representative over the phone at any time of the day or night.

  • Internet banking

In keeping up with changing times, Bank Australia gives you the ability to access your account information over the internet, through its online and mobile banking platforms. You can turn online to change personal details, view transaction history, and make payments.

  • Community investments

When you bank with Bank Australia, you know that you’re part of an initiative aimed at giving back to society. It has a Conservation Reserve designed to help protect endangered species and offset the bank's environmental impact. It also invests a portion of profits in projects that address social issues through the Bank Australia Impact Fund.

For more information, here is a step-by-step guide to balance transfers with Bank Australia

How to apply for a Bank Australia credit card

You can apply for a Bank Australia credit card online or by visiting any Bank Australia service centre. Before you apply, make sure you meet the eligibility requirements and have all the required documents and information on hand.

Eligibility criteria

If you wish to apply online, ensure first that you meet the following eligibility criteria:

  • You must be at least 18 years of age
  • You must be an Australian citizen or a permanent resident of Australia
  • You must have good credit rating

Required documents

To complete the application, prepare to provide the following information:

  • Employment details and details of income from all sources
  • Details of assets like property, vehicles, investments, and savings
  • Details of liabilities like loans, credit cards, overdrafts, and lines of credit
  • Details from your Australian driver’s license, passport, or Medicare card

Bank Australia credit cards offer a variety of competitive features that allow you to cut down on credit costs or take advantage of rewards and platinum perks. As there are many other credit cards that provide similar features, make sure to compare your options before applying to ensure that you select the right card for you.

Frequently asked questions

You can find frequently asked questions about Bank Australia credit cards below. Contact us using the form at the bottom of the page if you still have a question about Bank Australia credit cards.

You have to start by completing and submitting an Internet banking application form. Once Bank Australia approves this application, you can access your account using an internet enabled PC or smartphone.

If you complete a quick application, a Bank Australia representative will be in touch to complete your application.

If you completed a full online application, check your email inbox for a message from Bank Australia about your application. You may need to verify your identity before the application can be fully processed. If this is the case, Bank Australia will provide you with instructions on what to do next.

If you haven’t been given a response about your credit card application, call Bank Australia on 132 888, 8am - 8pm Monday to Friday.

When a customer-owned bank makes money, the customers benefit from better deals. Bank Australia has actually put a dollar figure on the value it gives its customers. Have a look at their Customer Value Statement for the latest figures.

Download and complete an Internet Banking Application Form from the Bank Australia website to view and manage your credit card online. Send the form to Bank Australia by email, fax or in person at a branch. You can also register for internet banking by calling Bank Australia on 132 888.

The "up to" interest-free days feature allows you to make interest-free purchases on your credit card. You need to pay back what you spend at the end of the month to keep getting interest-free days.

Lost or stolen credit cards should be reported to Bank Australia immediately. Contact Bank Australia on 132 888 or +61 3 9854 4666 if you’re overseas.

Both Visa and Mastercard credit cards are protected against fraudulent transactions. They offer zero liability guarantees that protect you when you’re shopping online or over the counter, including for contactless payments.

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NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
Qantas American Express Ultimate Card
Qantas American Express Ultimate Card

Interest rate

20.74

Annual fee

450
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99
NAB Low Rate Credit Card
NAB Low Rate Credit Card

Interest rate

13.99

Annual fee

59

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16 Responses

  1. Default Gravatar
    WillMay 11, 2015

    My Visa Mecu credit card was retained by the Westpac ATM when I used an incorrect PIN.
    I have already reported this by telephone to MECU, and I now need to have another card issued.
    Is their a shorter process for getting a replacement card given that I’ve had one in the past. The lost card was due to expire this month.
    Also, we do have access to internet banking with MECU.
    Thanks
    Will

    • Staff
      JonathanMay 13, 2015Staff

      Hi Will, thanks for your inquiry!

      Replacement cards will be replaced within 5 working days in Australia. If you are overseas, VISA International can organise a replacement card, however it will cost US$175 and will not be issued with a PIN.

      Cheers,

      Jonathan

  2. Default Gravatar
    StuartSeptember 24, 2014

    Hi, I have noticed on bankmecu’s website that they have a Platinum Qantas Rewards Visa Card also.. Which is not displayed on this page..

    • Staff
      ShirleySeptember 26, 2014Staff

      Hi Stuart,

      Thanks for your question.

      Although we cover a wide range of products, issuers and services we don’t cover every product, issuer or service available in the market so there may be other options available to you.

      Cheers,
      Shirley

  3. Default Gravatar
    June 27, 2014

    Hi I have 2 big credit cards with a total of $27,000. Please give me advice as to how can I pay my debt off quickly effectively that will be
    an advantage in saving and the best option. I have a very good credit history. Looking to approach Bankmecu for assistance – cards are with Citibank and Bankwest. Thanks

    • Staff
      ShirleyJune 30, 2014Staff

      Hi Briget,

      Thanks for your question.

      Unfortunately we cannot provide financial advice but we have an article on ‘steps to reducing $50k debt‘.

      Bankmecu may be able to assist, as you cards are Citibank and Bankwest. If you would like more information on balance transfers, please see this page.

      Cheers,
      Shirley

  4. Default Gravatar
    DeanMarch 3, 2014

    I have two credit cards. One is with Commonwealth, the other is with GE. I would like to pay both of these out and get two credit cards with no annual fee and low interest rates. What do you recommend? Thanks.

    • Staff
      JacobMarch 3, 2014Staff

      Hi, Dean.

      Thanks for your question.

      If you’re looking to reduce credit card interest transfers, you may want to consider consolidating the balance of both your cards through a balance transfer. You can compare balance transfer credit cards on this page.

      This page has some good information on balance transfers. There are things you need to be aware of, like revert rates and balance transfer limits.

      You can use the table headings to arrange the cards by their interest rates and by their annual fee. If you would like a side by side comparison of cards, you can click the boxes to the left of the card name (and then click compare at the top or bottom of the table). You can find out more information about the cards by clicking through to the review page. You can apply for a card through the review pages too.

      I hope this helps. Let us know if you have any other questions.

  5. Default Gravatar
    MrSeptember 16, 2013

    Sir/Madam, I want to open an account with Bankmecu. I am a resident of Mildura, Victoria, Australia. Is there a branch in Mildura? If yes where is it? If no where is the nearest branch? Thanks. Atta.

    • Staff
      JacobSeptember 16, 2013Staff

      Hi Atta.

      You can find a Bank MECU branch at, 134A Eighth Street, Mildura VIC 3500. Open Mon-Fri 9am-5pm.

      Thanks.

  6. Default Gravatar
    MikeJune 21, 2013

    What are they ways available to pay the monthly repayments and are there any fees on any of the ways ?

    • Staff
      JacobJune 24, 2013Staff

      Hi Mike. Thanks for your question. You can pay this card from another account using BPAY, you can pay this card by cheque, in person at branch or you can pay this card at Australia Post. There may be a charge of a couple of dollars if you pay your card at Australia Post. Hope this helps. Jacob.

  7. Default Gravatar
    TadeuszApril 25, 2013

    Any good cards $1000 to $2000 credit max?

    • Staff
      JacobApril 25, 2013Staff

      Hi Tadeusz.Thanks for your question. Please compare credit card here. Your credit limit will be set based on the financial information you provide in your application. You can elect a credit limit, but the final say is up to the banks, they’ll assign a credit limit based on the limit they think you can service. Jacob.

  8. Default Gravatar
    RondaMarch 6, 2013

    I have been with MECU for more than 25 yrs. I now have a Westpac Mastercard with $1200 owing. I have $20.000 credit. We are going overseas to USA in April and considering a credit card change. We own 2 homes 2 cars no dependents or debts. We are self funded seniors and I am a professional working part time can you advise please?

    • Staff
      MarcMarch 12, 2013Staff

      Hello Ronda,
      thanks for the question!

      It may be useful to check out our page on overseas credit cards. This page contains information about the types of international transaction fees you could stand to pay, as well as what credit cards minimise these fees.

      I hope this helps,
      Marc.

Credit Cards Comparison

Rates last updated September 23rd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

Compare up to 4 providers

* 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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