Community First Bank offers three low rate credit cards and a no interest card. With promotional low rates, competitive annual fees and interest-free days, these cards could suit cardholders who want to reduce their card costs. While the cards offer similar features, the Community First Low Rate Pink credit card donates 50% ($25) of the annual fee to fund McGrath Breast Care Nurses in communities across Australia.
You can compare your Community First Bank credit card options below.
Types of credit card products from Community First Bank
Low rate credit cards
Both of the Community First Bank cards can be categorised as low rate credit cards. The Community First Low Rate Pink credit card and Community First Low Rate Credit Card both offer a competitive rate of 8.99% p.a. on purchases, balance transfers and cash advances. Cardholders can also cut costs with up to 55 interest-free days on purchases. Both cards have an annual fee of $50.
Benefits of banking with Community First Bank
Support the McGrath Foundation
The Community First Low Rate Pink credit card is one of the few credit cards on the market that is linked with a charity. When you use the Community First Low Rate Pink credit card, half of your annual fee ($25) will be donated to the McGrath Foundation each year.
Worldwide access
Cardholders can use the card for cash advances or retail purchases wherever Visa cards are accepted.
Single interest rate
Interest rates and cash advance rates are usually different, but cardholders will receive the same competitive interest rate on all transactions made with a Community Union Credit Card. This helps in easy management of repayments and also ensures that customers are not charged exorbitant rates on cash advances.
Visa benefits
As Visa products, these cards can be used anywhere Visa is accepted worldwide. It also means that both cards are payWave enabled for contactless payments for up to $100.
Low annual fee
These cards have a low annual fee of $50.
Additional cards
Cardholders can request for an additional card at no extra cost.
How to apply for a Community First Bank credit card
You can apply for a Community First Bank credit card online. Make sure you meet the following eligibility requirements and prepare the necessary information before you apply:
Eligibility criteria
Age. You must be at least 18 years of age.
Resident. You must be an Australian citizen or a permanent resident of Australia.
Credit rating. You must not have a history of debt defaults and must not be bankrupt.
Required documents and information
Personal details. You need to provide your name, email address, phone number, marital status, current and previous address and date of birth.
Income details. You need to show your income sources.
Asset details. Details of assets including real estate, vehicle, savings and investment have to be provided.
Expense details. Details about expenses are needed. This also includes existing loans, credit cards, store cards and other debt details.
Community First Bank offers two low rate options that could suit many Australian cardholders. As there are many other low rate products on the market, though, it's wise to compare your options before you apply.
Frequently asked questions
To become a member of Community First, you need to open a new account or become a signatory to one of their accounts. If you apply for a Community First Low Rate Pink credit card, you will automatically become a member of Community First.
The online application can be completed in as little as 10 minutes. If you’re approved, it usually takes one to two weeks before the card is ready to be collected or arrives in the mail. The card will need to be activated before it can be used - this can be done over the phone.
Once you complete an application for the Community First credit card, you will be contacted within minutes of completing the online application to verify the status of your application. If this is not the case, get in touch with Community First on 1300 13 22 77.
You will be contacted by phone from the Community First Bank upon a successful application.
Before you start using your Community First credit card you will need to activate it. To activate your card, log onto your credit cards internet banking facility or call Community First directly on 1300 13 22 77.
The interest rate as with most credit cards is calculated on a daily basis. It will be charged to your account monthly.
You'll need to pay a minimum of 3% of your total amount or $20 (whichever is greater) by the due date detailed on your statement each month.
You can make automatic transfers from savings and transaction accounts that you hold with other banking institutions, and you can make payments via online and phone banking. You can make payments by visiting a Community First financial services store, and you can also make payments via BPAY.
The minimum and maximum credit limits of these cards are $500 and , respectively. You can request an increase in your card’s credit limit later, but you have to meet certain criteria to qualify.
Community First Bank dispatches credit card statements on a monthly basis. You can request a duplicate statement by calling the Credit Union at 1300 13 22 77. If you use online banking or telephone banking you can also access your statements for convenience.
You can elect to add an additional card to the account, for any individual aged over 18 years. You can do so over the phone, online, or by visiting a Community First financial services store.
The primary cardholder is liable for all spending on the account and the credit limit is shared between the primary and additional cardholders.
To report a lost or stolen card during business hours you should call Community First Bank on 1300 13 22 77 as soon as possible. When calling after hours, you should call the Visa hotline.
Sally McMullen is a journalist with five years of experience covering credit cards and consumer finance. As co-host of the Two Broke Chicks podcast and co-author of Rich In Life, Sally shares valuable money-saving tips and life lessons with her audience. Sally was a Credit Cards Editor at Finder from 2015 to 2020. See full bio
I am an aged pensioner with a $71,000 superannuation account and about $70,000 in NAB shares under a dividend reinvestment plan. Own my own home with my husband and have no debts. Am I eligible to apply for a Community First Low Rate Credit Card
Finder
RichardJuly 26, 2023Finder
Hello Margaret,
I suggest getting in touch with Community First and enquiring about their eligibility requirements. Ask if it accepts a pension as a form of income. I hope this helps.
LeanneJuly 8, 2016
Can I use the card internationally for purchases and cash advances and what are the rates / conversion fees?
Finder
MayJuly 8, 2016Finder
Hi Leanne,
Thanks for your question.
Yes, the Community First Bank Credit Cards – McGrath Pink Visa and Community First Low Rate Visa – can be used overseas for purchases and cash advances. The fees that will be charged when these cards are used abroad are:
Overseas Cash Advance Fee = $5
Overseas Emergency Replacement = $175
Overseas ATM Balance check = $5
Overseas ATM Withdrawal Fee = $5
Foreign Currency Conversion Fee (VISA) = 3% of transaction value in $AUD
I have also sent to your email the link where you can find the complete list of Community First Bank credit card fees and charges for your reference.
I hope this has answered your question.
Cheers,
May
MajellaNovember 8, 2015
I want to apply for a low interest credit cards with you
Finder
AllyNovember 9, 2015Finder
Hi Majella,
Thanks for your inquiry.
You may refer to a range of low rate credit cards we have listed and compare your options. You can select the “Go to Site” button of your preferred credit card to proceed with your application. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
I hope this has helped.
Cheers,
Ally
gloriaJanuary 26, 2015
how many cards can I transfer to this card visa or visa or mastercard
Finder
JonathanJanuary 27, 2015Finder
Hi Gloria,
Thanks for your inquiry,
With balance transfers generally lenders have no limit on the number of cards you can balance transfer from. Rather the amount being balance transferred is limited by the credit limit on the new card.
I hope this helps!
Cheers,
Jonathan
JessDecember 16, 2014
Hello
If i was to make a DEFT payment for bond and rent for a new property, what would the interest rate be and does the McGrath Pink Visa offer an interest free period?
Regards
Jess
Finder
ElizabethDecember 16, 2014Finder
Hi Jess,
Thanks for your question.
The McGrath Pink Visa charges the same rate of interest for purchases, cash advances and balance transfers, so if you make the transaction during this period you’ll be charged a rate of 4.74% p.a. There is also a 55-day interest-free period on purchases available with this card.
This card donates 50% of the annual fee to the McGrath Foundation and offers a low variable rate of 8.99% p.a.
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I am an aged pensioner with a $71,000 superannuation account and about $70,000 in NAB shares under a dividend reinvestment plan. Own my own home with my husband and have no debts. Am I eligible to apply for a Community First Low Rate Credit Card
Hello Margaret,
I suggest getting in touch with Community First and enquiring about their eligibility requirements. Ask if it accepts a pension as a form of income. I hope this helps.
Can I use the card internationally for purchases and cash advances and what are the rates / conversion fees?
Hi Leanne,
Thanks for your question.
Yes, the Community First Bank Credit Cards – McGrath Pink Visa and Community First Low Rate Visa – can be used overseas for purchases and cash advances. The fees that will be charged when these cards are used abroad are:
I have also sent to your email the link where you can find the complete list of Community First Bank credit card fees and charges for your reference.
I hope this has answered your question.
Cheers,
May
I want to apply for a low interest credit cards with you
Hi Majella,
Thanks for your inquiry.
You may refer to a range of low rate credit cards we have listed and compare your options. You can select the “Go to Site” button of your preferred credit card to proceed with your application. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
I hope this has helped.
Cheers,
Ally
how many cards can I transfer to this card visa or visa or mastercard
Hi Gloria,
Thanks for your inquiry,
With balance transfers generally lenders have no limit on the number of cards you can balance transfer from. Rather the amount being balance transferred is limited by the credit limit on the new card.
I hope this helps!
Cheers,
Jonathan
Hello
If i was to make a DEFT payment for bond and rent for a new property, what would the interest rate be and does the McGrath Pink Visa offer an interest free period?
Regards
Jess
Hi Jess,
Thanks for your question.
The McGrath Pink Visa charges the same rate of interest for purchases, cash advances and balance transfers, so if you make the transaction during this period you’ll be charged a rate of 4.74% p.a. There is also a 55-day interest-free period on purchases available with this card.
I hope this has helped.
Thanks,
Elizabeth