Circle Credit Cards

circle-credit-union-logo

Who else wants a credit card that gives cardholders low fees and competitive interest rates? The Circle credit card offers this and more.

Circle began operations in the form of the ICI Employees (Vic) Credit Co-op Limited in 1963, and it now assists more than 5,000 members from across the country. While most of its members come from the chemical industry, it also offers memberships to other Australian residents. Members of this cooperative are also its shareholders, so its profits go back into the system. This results in low fees and competitive interest rates. Circle offers its members an array of financial services and products, which include savings and access accounts, home loans, car loans, personal loans, investments solutions, and credit cards.

Comparing the Circle Credit Card

Rates last updated May 27th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Circle Visa Credit Card
Receive a low cost credit card and up to 55 days interest free with the power of Visa.
14.5% p.a. $60 p.a. More info

Types of credit cards that Circle offers

Circle offers a Visa credit card, and what sets this card apart from most others is that you can get a lower than standard rate.

  • Low rate card

While a low rate card might not offer too much in the form of features, its low interest rate can help you save. The Circle Visa credit card, owing to its Visa connection, is one that you can use at more than 25-million merchants worldwide. If you use your card right — by paying back your balance in full each statement period — you can get up to 55 interest-free days on purchases. The maximum borrowing capacity of this card is 100%. Its minimum credit limit is $500 and the maximum is $15,000.

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
Circle Visa Credit Card
14.5% p.a.
Up to 55 days on purchases
$60 p.a.
Receive a low cost credit card and up to 55 days interest free with the power of Visa.

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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.

Compare up to 4 providers

Learn more about low rate credit cards

Benefits of getting a Circle credit card

Despite the fact that the Circle credit card is a low rate card, you can still expect certain benefits as a cardholder. Here’s what you can look forward to:

  • Discounted rate

Circle gives you the advantage of accessing a discounted rate through a few different avenues. If you’re a homeowner you can use the equity in your house as security and get a lower interest rate. If you have an Employees Benefit Savings account you can get an even lower interest rate, and you also don’t have to pay any ongoing monthly fee.

  • High service standards

Circle is a niche financial services organisation, and its knowledgeable and friendly employees are quick to respond to members’ queries on a one-to-one basis. If needed, you can even contact the CEO directly.

  • Quick processing

The employee who processes your application remains the same from start to finish and keeps you informed on the goings on a regular basis.

How to apply for a Circle credit card

Applying for a Circle credit card is simple. You can complete an online application in a matter of minutes. To get started, click on the ‘Go to Site’ button next to the credit card’s description. Bear in mind, though, that you have to meet certain eligibility criteria, which include that you should:

Eligibility criteria

  • Be a permanent resident of Australia or an Australian citizen
  • Be at least 18 years old
  • Have a steady source of income
  • Have good credit history

Required information

Completing the application requires you to part with different types of information. Circle will use these details to establish your identity and the feasibility of offering you a credit card. The information you have to provide includes the following.

  • Personal details. Personal details include your complete name, date of birth, driver’s license number, marital status, number of dependent children, residential address and email address.
  • Employment details. Here, you have to enter the basis of employment, your occupation, your employer’s name and contact details and your total net income.
  • Financial information. This section requires you to list out your assets and liabilities. Your assets can include land, property, motor vehicles, home contents, and savings. Under liabilities, you have to provide details regarding your mortgage payments, rent, loans, credit cards, and store cards.
  • Security details. If you wish to provide security to take advantage of the special interest rate available, you have to provide details about the type of property, its address, its current value, and title details.

What happens after I apply?

Once you complete your application, Circle will review it. If any more information is required a representative will get in touch with you. Since Circle might call your employer to verify your income, you can help speed things along by letting your employer know about the call in advance. If this is the first time you’re dealing with Circle you’ll have to complete an identity verification process. You might have to visit a Circle branch to complete the required formalities, or you can mail in verified copies of the documents Circle requires.

Frequently asked questions

Here are answers to questions people commonly ask about Circle credit cards. If you can’t find the answer to any particular question, use the form at the end of the page to ask.

You can complete the application in as little as 10 minutes, provided you have all the required information at hand.
Yes, you can save your application at any point and retrieve it later. You get a code when you save the application, which you use to get back where you left off.
Yes. To check the status of your application you have to call Circle’s member relationship team.
No, cash advance and purchase rates of the Circe credit card are the same.
The Circle credit card attracts a monthly fee of $5. You don’t have to pay this fee if you have an Employees Benefit Savings account. You might have to pay other transaction-related fees from time to time, details of which you will receive before you sign the contract. You also have to pay an application fee.
No, credit cards that Circle issues don’t offer any rewards or reward points.
Yes you can, but you have to meet Circle’s credit criteria in order to qualify.
Yes, and to do so you have to submit a written request. After the closure of your account you remain liable to make payments towards any outstanding balance on your account, which includes fees and charges levied before the account’s closure.
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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

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St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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