BankVic Credit Cards

Comparison of BankVic credit cards

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Name	Product	Balance transfer rate	Purchase rate (p.a.)	Annual fee	Amount saved
BankVic Qantas Visa Credit Card		6.99% p.a. for 6 months	6.99% for 6 months, reverts to 16.95% p.a.	$0 p.a.		Save with a $0 annual fee for life and 6.99% introductory rate on balance transfers. Plus, enjoy uncapped Qantas Points earning potential.	More Info	Compare	loading Fetching your data...
BankVic Visa Silver		6.99% p.a. for 6 months	6.99% for 6 months, reverts to 11.95% p.a.	$0 p.a.		Receive up to 44 days interest-free on purchases and have the ability to make contactless payments with Visa payWave.	More Info	Compare	loading Fetching your data...
BankVic Visa Gold		6.99% p.a. for 6 months	6.99% for 6 months, reverts to 16.95% p.a.	$50 p.a.		Receive complimentary international travel insurance and $1 cashback automatically when you spend $250.	More Info	Compare	loading Fetching your data...

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What are the types of credit cards from BankVic?

BankVic credit cards are designed to suit different needs, with features that range from low ongoing interest rates to complimentary perks and frequent flyer points.

• Low rate credit cards

The BankVic Visa Silver credit card offers a low ongoing variable interest rate for both purchases and cash advances. It also offers a $0 p.a. annual fee for life and up to 44 days interest free on purchases.

• Gold credit cards

The BankVic Visa Gold offers you cashback rewards for your eligible spending and includes complimentary overseas travel insurance for you, your spouse and eligible dependant children when they are travelling with you and meet the requirements.

• Frequent flyer credit cards

The BankVic Qantas Visa offers Qantas Points for your everyday spending, which you can use to redeem rewards such as flights, upgrades and merchandise through the Qantas Frequent Flyer program. It also offers complimentary overseas travel insurance and up to 55 days interest-free on purchases when you pay your account balance in full by the due date listed on your current statement and on your previous statement.

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 does 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. Note that a cash advance fee will apply when you use your credit card withdraw money.

• 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.

• Digital wallets

You can now use your smartphone or compatible device to make contactless payments when you link your BankVic account to Apple Pay or Google Pay.

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

• How do I do a balance transfer to a BankVic credit card?

  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

• How can I pay my BankVic credit card?

  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.

• How can I increase my credit limit?

  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.

• Can I get an additional credit card?

  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

• What do I do if my credit card is lost or stolen?

  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.

• How is my credit card protected from fraud?

  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).

• What happens if my credit card expires?

  One month before your credit card expires, you will be issued with a new credit card from BankVic. Your PIN will not change.

• What is Visa payWave

  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.

• Is there a cap on the number of rewards points I can earn?

  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.

• What are cashback rewards and how do I earn cashback?

  BankVic Visa Gold account holders earn cashback when an eligible purchase is charged to their credit card. Earn $1.00 cashback for every $250 spent on the card. Cash advances and cash transactions do not earn cashback.

• How do I get international travel insurance?

  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.

• How do I cancel my BankVic 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.