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 December 4th, 2016
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.

Rates last updated December 4th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
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. Up to 44 days on purchases More info
Rates last updated December 4th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
ANZ Low Rate Platinum Credit Card
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $99 p.a. Up to 55 days on purchases Go to site More info
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $30 p.a. Up to 44 days on purchases Go to site More info
ME Bank frank Credit Card
A low interest rate on purchases and cash advances with no annual fee charge.
11.99% p.a. $0 p.a. Up to 55 days on purchases Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Westpac Low Rate Card
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.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 16 months $59 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
9.99% p.a. 0% p.a. for 6 months $49 p.a. Up to 62 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 1% p.a. for up to 12 months on purchases.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 18 months and 1% p.a. for 12 months on purchases combined with complimentary insurance covers.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Australian Military Bank Low Rate Visa Credit Card
Enjoy a low interest rate of 10.99% p.a. on purchases, combined with a balance transfer offer of 0% p.a. for 12 months and a low annual fee.
10.99% p.a. 0% p.a. for 12 months $49 p.a. Up to 55 days on purchases Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Up to 55 days on purchases Go to site More info
BankSA Vertigo Visa
Enjoy a low balance transfer offer of 0% p.a. for 18 months and a low ongoing purchase rate from BankSA.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Citi Clear Platinum Card
Enjoy 0% p.a. for 9 months interest-free purchasing and 0% p.a. for 9 months on balance transfers.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Up to 55 days on purchases Go to site More info
BankSA Vertigo Platinum
Experience Platinum card benefits with complimentary insurance policies and 24/7 Visa Platinum Concierge Service. Get 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months if you apply by 4 January 2017.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info

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 December 4th, 2016
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 December 4th, 2016
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

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

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 cash back?

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.

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.

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Read more on this topic

American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
ME Bank frank Credit Card
ME Bank frank Credit Card

Interest rate

11.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

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Credit Cards Comparison

Rates last updated December 4th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 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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