BankVic Credit Cards

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Compare Silver and Gold Visa cards from BankVic for introductory offers and interest-free days

Are you or a member of your family part of the police, health, emergency or public service in Victoria? You can apply for a Silver or Gold credit card from BankVic and take advantage of a special introductory offer and a low ongoing rate of interest.

For over 40 years, BankVic has been a part of the Victorian community. Originally established to serve the needs of Victorian police officers, membership was extended to allow members of the emergency and public service as the bank grew. As a mutual banking society, BankVic is a little different to most other banks, like the Big Four, for example. Mutual banks are run by members, for members, and dividends go back to members and not to shareholders.

Comparison of BankVic Credit Cards

Rates last updated May 23rd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
BankVic Visa Silver
Offers an introductory interest rate of 6.99% p.a. for 6 months.
6.99% p.a. for 6 months (reverts to 11.95% p.a.) 6.99% p.a. for 6 months $0 p.a. More info
BankVic Visa Gold
Offers an introductory interest rate of 6.99% p.a. for 6 months
6.99% p.a. for 6 months (reverts to 16.95% p.a.) 6.99% p.a. for 6 months $50 p.a. More info

What are the types of credit cards from BankVic?

BankVic offer two credit cards for you to choose from. The Visa Silver and Visa Gold credit card. Both credit cards have a low introductory rate on purchases and balance transfers. As you’d expect, you can do a little more with the Visa Gold than the Visa Silver credit card — you get cashback rewards when you spend for example, however, the price tag is a little higher. Whether you’re cost-conscious or you don’t mind spending a little extra for rewarding features, BankVic’s Silver and Gold Visa credit card are worth a look.

  • Low rate credit cards

While the BankVic Visa Silver is technically a ‘silver’ credit card, it’s unique, being is the only one of its type in the market. To compare apples with apples, we put the BankVic Visa Silver Credit Card in the low rate category. Most low rate credit cards only offer a low rate on purchases. The cash advance rate is generally still quite high on a low rate credit card. The BankVic Visa Silver credit card gives you the same low variable rate for both cash advances and purchases. Rate of interest aside, compare low rate credit cards by the annual fee and promotional balance transfer or purchase rate offers.

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
BankVic Visa Silver
6.99% p.a. for 6 months (reverts to 11.95% p.a.)
Up to 44 days on purchases
$0 p.a.
6.99% p.a. for 6 months
Offers an introductory interest rate of 6.99% p.a. for 6 months.

Compare up to 4 providers

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
HSBC Low Rate Credit Card
13.25% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 15 months with 2% balance transfer fee
Save with 13.25% p.a. on purchases. Also enjoy exclusive offers with the home&Away Privilege Program.
St.George Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Save with 13.24% p.a. on purchases. Also enjoy up to 55 days interest-free.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 24 months with 2% balance transfer fee
A low interest rate on everyday purchases and a long term balance transfer rate offer of 0% for 24 months.
St.George Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Save with 12.74% p.a. on purchases. Also enjoy Visa Platinum Concierge service.
NAB Low Rate Platinum Card
13.99% p.a.
Up to 55 days on purchases
$100 p.a.
0% p.a. for 18 months with 3% balance transfer fee
Save with 13.99% p.a. on purchases. Also enjoy access to 7 complimentary insurances.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Take advantage of 0% p.a. for 16 months on balance transfers and a low ongoing interest rate on purchases.
Bendigo Bank Basic Black Credit Card
12.24% p.a.
Up to 44 days on purchases
$45 p.a.
A basic credit card that features low interest rates, low annual fee and up to 44 interest-free days on purchases.
ANZ Low Rate Platinum
11.49% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
NAB Low Rate Credit Card
13.99% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 18 months with 3% balance transfer fee
Save with 13.99% p.a. on purchases. Also enjoy special offers from Visa Entertainment.
BankSA Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Enjoy a low balance transfer offer of 0% p.a. for 14 months and a low ongoing purchase rate from BankSA.
American Express Essential®  Credit Card
14.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 12 months with 1% balance transfer fee
A no annual fee card that collects up to 1 Membership Rewards point for every $1 spent.
Bank of Melbourne Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Save with 12.74% p.a. on purchases. Also enjoy up to 55 days interest-free.
Virgin Money Low Rate Credit Card
11.99% p.a.
Up to 44 days on purchases
$99 p.a.
0% p.a. for 12 months
Save with 11.99% p.a. on purchases. Also enjoy the protection of Fraudshield.
Westpac Low Rate Card
0% p.a. for 6 months (reverts to 13.49% p.a.)
Up to 55 days on purchases
$59 p.a.
0% p.a. for 12 months
A simple low interest rate card featuring a low ongoing rate on purchases, up to 55 days interest-free on purchases and a low annual fee.
Heritage Bank Gold Low Rate Credit Card
11.80% p.a.
0 interest free days
$0 p.a.
0% p.a. for 12 months
Save with 11.8% p.a. on purchases. Also enjoy $0 annual fee.
Coles Low Rate Mastercard
12.99% p.a.
Up to 62 days on purchases
$49 p.a.
0% p.a. for 6 months
Receive $100 off a single Coles Supermarket shop If you apply, are approved by 30 June 2017 and make a purchase within the first 30 days.

Compare up to 4 providers

Learn more about Low Rate Credit Cards

  • Gold credit cards

With the introduction of black and signature cards to the market, fewer credit card providers offer gold credit cards than they did in the past. This type of credit card sits between standard and platinum products. Insurance is the point of difference between standard and gold credit cards. You pay a little more than a standard or low rate card and you can save by not having to purchase an international travel insurance policy for you and your family when you travel. The BankVic Visa Gold goes a little further. Get cashback rewards when you spend and there’s interest-free days, too. Pay back what you spend and use these cards for interest-free purchases. When you’re looking at the bells and whistles like cashback and insurance, make sure it’s worth the cost of the annual fee. Also, compare these cards by the ongoing variable rates of interest, balance transfer and other promotional offers.

Rates last updated May 23rd, 2017
Points per $ spent Complimentary Travel Insurance Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
BankVic Visa Gold
Offers an introductory interest rate of 6.99% p.a. for 6 months
Yes 6.99% p.a. for 6 months (reverts to 16.95% p.a.) 6.99% p.a. for 6 months $50 p.a. More info
Rates last updated May 23rd, 2017
Points per $ spent Complimentary Travel Insurance Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Gold Business Card
Keep track of your business expenses with a dedicated business credit card. Your account details can be uploaded in to MYOB, Excel or Quicken to help with BAS reporting.
VISA/MC: 0 AMEX: 1 Yes $169 p.a. Go to site More info
Commonwealth Bank Business Gold Awards Credit Card
Earn up to 2 Awards points per $1 spent and receive an unsecured credit limit of up to $50,000.
VISA/MC: 1 AMEX: 2 Yes 20.74% p.a. 5.99% p.a. for 5 months $150 p.a. Go to site More info

Learn more about Gold Credit Cards

The benefits of banking with BankVic

BankVic credit cards offer more than cheap access to credit. Some of the benefits that come with using a  BankVic credit card include:

  • Internet banking — bank where and when you want

Apply and get approved for a BankVic credit card and register your account for internet banking for free. This service from BankVic lets you manage your credit card and make payments from anywhere in the world, at any time of the day. Increase your credit limit, set up regular payments, review your credit card statement and view your monthly statement and more from your desktop or smartphone device. Internet banking does away with the need to visit a brick-and-mortar bank.

  • BankVic credit cards — ATM withdrawals

While BankVic do not have a partnership with an ATM network that allows you to make cash withdrawals for free, you'll pay a reduced ATM fee when you use your BankVic credit card to make a withdrawal at a St.George, Westpac, BankSA or Bank of Melbourne ATM.

  • Visa credit card benefits

Using a BankVic Visa credit card comes with some handy features to make shopping quicker, easier and safer:

    • Visa payWave. All BankVic credit cards are Visa payWave enabled. This means you can tap your BankVic credit card against a contactless terminal for purchases under $100 and you can be on your way in a matter of seconds — do away with entering your PIN for small transactions. Visa payWave transactions are protected under the Visa Zero Liability Policy.
    • Visa Zero Liability Policy. Use you credit card with the confidence that you’re protected from fraud, both online and over the counter. The Visa Zero Liability Policy does not extend to ATM transactions, however, Visa will give you your money back if you’re the victim of credit card fraud shopping online, over the counter or when using Visa payWave.
    • Global acceptance. Visa is a global brand and is accepted in millions of places all over the world. Use your Visa card to pay for a train ticket in New York, shop online and buy shoes from Paris or withdraw cash from an ATM in India. Whether you’re using your card at home or abroad, Visa has you covered.

How to apply for a BankVic Credit Card

Click ‘Go to Site’ and apply online for a BankVic credit card. Credit card applications are handled through the BankVic online application tool: Webloans. Before you start an online application for a BankVic credit card, you will need to become a member of the mutual.

Eligibility criteria

To become a member of BankVic, you must:

  • Be a member of the police force or a member of the health, emergency or public service or have a family member working in these industries, or
  • Work within 5km of the BankVic offices, or
  • Have been introduced by an existing member, and they have been a member for more than a year, or
  • Be approved by the CEO of BankVic or an Executive Manager of Police Financial Services Limited, or
  • Be a corporate body (contact BankVic for further information about applying as a corporate body)

Required information

The online application for a BankVic credit card should only take ten to fifteen minutes to complete if you have all the necessary information on hand. Make sure you have the following:

  • Identification. You must verify your identity with BankVic to apply for a credit card. Provide at least two forms of identification including a passport, an Australian birth certificate, driver's licence or other form of photo identification or medicare card. You can verify your identification online and a BankVic representative will be in touch if this process is unable to be completed.
  • Employment. Provide information about your current employment, including your employer's contact details and your after-tax income. If you’ve been in your current position for less than five years, you’ll also need to provide your previous employer’s contact information.
  • Assets. Detail a list of your assets including your home, vehicle, your accounts with BankVic and other banks, home and contents insurance, superannuation fund and other assets such as shares if applicable.
  • Liabilities. Enter information about mortgages, other loans, credit cards and any other debt.
  • Expenses. What are your ongoing expenses? Details about rent, food, clothing and utility bills need to provided to BankVic.

What happens next?

After you submit the online application for a BankVic credit card, you should receive an email from the bank about the status of your credit card application within 24 hours, or the next business day. If you haven’t got word back from BankVic about your credit card application, get in touch with a customer representative and quote your application reference number. A credit card is usually issued within five to seven business days following approval for the account. Once you’re approved for a credit card, you become a shareholder of BankVic. You will need to purchase 10 shares. The shares are valued at $1.00 each. The value of the shares can be redeemed when you close the account.

Frequently asked questions

BankVic offer balance transfer deals that can save you money. Elect to transfer a balance to a BankVic credit card when you apply online. Apply for a balance transfer as an existing cardholder by completing and sending in a balance transfer request form. Transfer the balance of other credit cards or store cards issued by other Australian banks or financial institutions. Take note of the following:

  • You can transfer a balance from two other credit cards to your BankVic credit card
  • Use up to 95% of your BankVic credit card credit limit towards a balance transfer facility
  • A balance transfer can take up to 14 days to process
You can pay your BankVic credit card using these methods. Check your BankVic credit card statement for detailed information about how you can pay your BankVic credit card.

  • Internet banking. Pay your BankVIc credit card using BPAY from your online banking facility with another financial institution.
  • Branch. Visit a BankVic branch and pay your credit card in person using EFTPOS or cash.
  • Direct debit. Set up a direct debit agreement to pay the minimum monthly repayment, a specific amount or the entire closing balance, when your statement is issued from another bank’s savings or transaction account.
  • Cheque. Send a cheque in the post to BankVic. Detach the bottom part of your credit card statement and send it with a cheque to BankVic.
If you want a higher spending limit on your BankVic credit card, apply for a credit limit increase. You can apply for an increase by completing and sending in a Visa credit card limit increase form, by visiting a branch or by calling BankVic. BankVic will make an assessment on your ability to manage a higher credit limit and approve or decline your request based on your financials.
It’s easy to get an additional card for someone else.

  • They must be over the age of 15
  • You (the primary cardholder) are responsible for spending on the additional cards
  • You can apply to add an additional cardholder to your account when you first apply for the BankVic credit card, or you can add an additional cardholder after you apply by completing an Additional cardholder request form
  • The additional cardholder will need to have their identity verified if they're not already a BankVic member
A lost or stolen credit card must be immediately reported to BankVic. If you don’t report a misplaced or stolen card to BankVic and someone uses it against your will, you will be held liable for the transaction. You should also contact BankVic if you find an unauthorised transaction on your account. BankVic and Visa will start an investigation into the authorised use of the credit card and initiate a chargeback if necessary.

If you call Visa, you’re issued with an incident reference number. Make a note of this number. You also need to contact BankVic during business hours let them know about your lost or stolen card. BankVic will issue a replacement card.

Rest assured that your BankVic credit card is protected against unauthorised use. ORION is BankVic’s fraud protection system that offers around-the-clock real-time monitoring of your account for unusual transactions. If something is picked up that doesn’t fit your usual spending patterns, BankVic will attempt to contact you right away. If you can’t be contacted, BankVic will temporarily block your credit card. The Visa Zero Liability Policy offers a money back guarantee if you are the victim of credit card fraud while shopping over the Visa payment networks (online, over the counter and payWave).
One month before your credit card expires, you will be issued with a new credit card from BankVic. Your PIN will not change.
Visa payWave lets you make contactless payments at merchants that have a contactless terminal. Hold your credit card against the contactless reader and the transaction is completed in a matter of seconds. There’s no need to enter your PIN for transactions under $100.
BankVic Visa Gold account holders are rewarded with points when an eligible purchase is charged to the account. Points are capped at the value of AUD$5,000 each statement period, which is AUD$60,000 every year.
BankVic Visa Gold account holders earn cash back when an eligible purchase is charged to their credit card. Earn $1.00 cash back for every $250 spent on the card. Cash advances and cash transactions do not earn cashback.
Use the BankVic Visa Gold credit card to purchase the full cost of overseas travel tickets, and the complimentary international travel insurance is automatically activated. The cover is extended to the primary cardholder. The primary cardholder’s spouse and dependent children are also covered if their travelling with the primary cardholder and their overseas travel tickets have also been purchased with the BankVic Visa Gold credit card.
If you would like to cancel your BankVic credit card, you can do so at any time as long as you’ve paid your balance in full. Send a request in writing to BankVic.

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American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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Credit Cards Comparison

Rates last updated May 23rd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Take advantage of 0% p.a. for 18 months on balance transfers with a 1.5% BT fee. Plus, receive an exclusive $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 spent and receive an annual fee refund with minimum spend.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* 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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