Coastline offers two distinct credit cards, and while both offer rewards, one can be particularly beneficial for business use.
Coastline Credit Union has provided its members an array of financial services and products for over four decades, and its aim is to offers members high levels of financial products and services while keeping costs to a minimum. Coastline, as of now, has branches spread across the Port Macquarie, Taree, South West Rocks, and Kempsey areas. Its offerings include access and savings accounts; home, personal and car loans; insurance solutions; financial planning advice; and credit cards.
Comparison of Coastline credit cards
Types of credit cards that Coastline offers
Coastline Credit Cards offer credit cards for individual consumers as well as business users, and both kinds come with competitive interest rates.
A typical rewards credit card enables you to earn rewards points when you make purchases, and how you can redeem these points varies from card to card. With the Coastline Visa Credit Card, you have unparalleled freedom when it comes to redeeming your reward points. In addition, you can use this credit card at over 24 million merchants worldwide, owing to its Visa affiliation. It comes with a special five-month introductory rate for balance transfers, and you can avail of up to 55 interest free days on purchases. You have to pay a nominal annual fee as long as you keep using the card, but you can look forward to an annual fee waiver if you spend more than $12,000 p.a.
If you run a small or midsized business, using a business credit card can benefit is more ways than one. The Visa Business Credit Card that Coastline offers, for instance, comes with a number of fee-free transactions. If you maintain a minimum monthly membership balance of $10,000 in your savings, investments, and loans with Coastline you get a monthly fee waiver. If you spend more than $20,000 p.a., you don’t have to pay an annual fee.
Benefits of using a Coastline credit card
Both types of credit cards that Coastline offers come with their share of benefits, and while their rewards program requires special mention, there are other advantages as well.
While a number of credit cards give you the ability to earn reward points, certain cards don’t provide too much freedom when it comes to redeeming accumulated points. Coastline’s Rewarder program is noteworthy because it allows you to redeem your reward points through any merchant in Australia that accepts EFTPOS payments.
Easy access to account information
Coastline credit card holders have free and round-the-clock access to internet and phone banking, which they can use to go through different kinds of account related information.
Both Coastline credit cards come with Visa affiliations, so cardholders benefit through Visa’s 24/7 fraud monitoring system. ‘Verified by Visa’ works as an additional layer of security when you use your credit card for shopping online.
How to apply for a Coastline credit card
You can complete your credit card application by visiting any Coastline branch, where a representative guides you through the entire process. You can also complete an online application, and to do so simply click on the ‘Go to Site’ button next to the credit card of your choice. Establish if you meet the eligibility criteria before you apply, and the eligibility criteria for the Coastline Visa Credit Card are as follows.
- Age. You are over 18 years old.
- Residential status. You are a permanent resident of Australia or an Australian citizen.
- Income. You have a regular source of income through employment.
- Bankruptcy history. You are not, or have not been, bankrupt.
To complete the application you have to provide certain information that Coastline uses to verify your identity and establish the risk of providing you credit. Keep the following information handy when you start with the application.
- Personal details. This section requires your name, phone number, residential address, email address, residential status, marital status, and number of dependents.
- Employment details. Prepare to part with the name and contact details of your employer along with your employment status.
- Financial information. Your financial information includes details about your income, assets, expenses, and liabilities. Here, you have to provide details about income from all sources; details about assets like real estate, vehicles, and jewellery; expenses like rent, tuition fees, and utility bills; and liabilities like home loans, personal loans, and credit cards.
What happens next?
Once you submit your application, Coastline reviews it and if it requires any additional information it gets in touch with you. Since Coastline calls your employer for income verification, you can quicken the process by informing your human resource department in advance.
Australian regulations require that new Coastline members go through an identity verification process, and you have to complete this before you get your new credit card. This might involve a trip to Coastline branch.
Frequently asked questions
A number of questions appear frequently when it comes to Coastline credit cards and here are answers to the same. If you have a question that doesn’t find mention here, do use the form at the end of the page to ask.