BCU is a member-owned bank based on the mid-north coast of NSW, with some branches in south-east Queensland. It offers 2 credit cards, with a choice of simple, low-cost features or rewards.
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The BCU Classic Credit Card has a 11.95% p.a. interest rate for purchases, which is very competitive with other low rate credit cards. It also offers a relatively low $45 annual fee and up to 55 interest-free days on purchases.
Reward credit cards
The BCU Rewards Credit Card is one of the few cards on the market that earns an ongoing rate of cashback. It offers 0.66% back on each $1 spent on eligible transactions, up to a total of $500 per year. Its 13.05% p.a. interest rate for purchases and $89 annual fee are also relatively low for rewards cards.
Benefits you can get with a BCU credit card
Digital wallets
BCU credit cards can be added to your digital wallet with Apple Pay, Google Pay and Samsung Pay so you can pay straight from your mobile phone or device.
Visa benefits
You can use BCU credit cards around the world, anywhere Visa is accepted. When you're shopping online, you'll get added security through Visa Secure, as well as Visa Zero Liability for fraudulent transactions. You'll also get access to deals on travel, shopping, dining and entertainment through Visa Offers + Perks.
Cashback rewards program
The BCU Rewards Credit Card offers an ongoing rate of 0.66% cashback for your everyday spending. This means you know the exact dollar value of your rewards. As an example, every $1,000 you spend would get you $6.60 back. In comparison, most credit card reward programs offer points per $1, with the value varying based on what you redeem with your points.
Account management
As well as branch and phone banking, BCU offers internet banking and a mobile app so you can view your account details, temporarily lock card, make payments and manage other details from anywhere.
Instant, virtual replacement cards
If your card is lost or stolen, you can cancel it and set up a new, virtual card in moments through the BCU app.
How to apply
You can apply for a BCU credit card online by submitting an enquiry. You can also call BCU on 1300 228 228 or visit a branch. Before you apply, make sure you meet the eligibility requirements and have all the documents and details needed for the application.
Eligibility criteria
Age. You must be at least 18 years old.
Australian residency. You must be an Australian citizen or a permanent resident of Australia.
Credit history. You should have a clear credit history with no defaults or bankruptcy.
Documents and details
Personal information. This includes your complete name, residential address, email address, phone number, driver's licence number and the number of people dependent on you.
Employment details. You'll need to provide your employment status, occupation, and your employer’s contact details. You may also be asked to provide supporting documentation such as recent payslips.
Financial details. This covers your expenses, liabilities and assets. You also need to estimate your share of regular household expenses.
Additional cardholder. You have the option of requesting an additional cardholder for your account. If you want to share your credit card account with a spouse or family member, you will have to provide their full name, email address and contact number. Note that you will still be responsible for all transactions on the account.
What happens after you apply?
After you submit your application and details, BCU will assess it and contact you if further information is needed. If you have any questions about the application, contact BCU on 1300 228 228 or visit a branch.
If you’re not a BCU member, you’ll also have to complete an identity verification process before you receive your card. To complete this process, you may have to visit a BCU branch and provide identification documents such as your driver's licence, birth certificate or passport.
Credit card brands similar to BCU
If you want a credit card from a regional or member-owned bank, here are 3 other credit card providers you could compare with BCU:
Both cards charge an annual account fee, but you don’t have to pay any monthly fees.
No. When you get your BCU Rewards Credit Card, you automatically earn 0.66% cashback per $1 spent on eligible purchases made with the card. Eligible purchases are any purchase transactions you make for personal, household or consumer purposes. Please note that you will not receive cashback for transactions such as cash advances, BPAY, fees, interest, balance transfers or payments you make for business purposes.
Yes, you can request an increase or decrease to BCU credit card's credit limit at any time. But keep in mind that if you request an increase, it will be subject to BCU's lending criteria and assessment.
Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald.
bcu doesn’t currently have any balance transfer offers. According to the credit card terms and conditions on the bcu website, it may allow you to request a balance transfer from a credit card held with a different financial institution. You can call bcu on 1300 228 228 to check if this is possible.
Alternatively, you can compare other credit cards that offer 0% interest on balance transfers for up to 32 months. I hope that helps.
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Do you have a balance transfer for other credit cards.
Hi Gary,
bcu doesn’t currently have any balance transfer offers. According to the credit card terms and conditions on the bcu website, it may allow you to request a balance transfer from a credit card held with a different financial institution. You can call bcu on 1300 228 228 to check if this is possible.
Alternatively, you can compare other credit cards that offer 0% interest on balance transfers for up to 32 months. I hope that helps.