Keep credit card interest costs to a minimum with a low standard variable interest rate of 8.99% p.a.
Comparison of Community First Credit Union Credit Cards
Types of credit card products from Community First Credit Union
Low rate credit cards
Both of the Community First Credit Union cards can be categorised as low rate credit cards. The McGrath Pink Visa and Community First Low Interest Rate Black Visa both offer a promotional interest rate of 3.99% p.a. interest for the first 6 months on purchases, balance transfers and cash advances. This will revert to a competitive rate of 8.99% p.a. thereafter. Cardholders can also cut costs with up to 55 interest-free days on purchases. Both cards have an annual fee of $40.
Benefits of banking with Community First Credit Union
Support the McGrath Foundation
The McGrath Pink Visa Card is one of the few credit cards on the market that is linked with a charity. When you use the McGrath Pink Visa, half of your annual fee  ($20) 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 $40.
Additional cards
Cardholders can get an additional card at no extra cost.
How to apply for a Community First Credit Union credit card
You can apply for a Community First Credit Union 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 Credit Union 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
Is the McGrath Pink Visa Card only for Community First members?
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 McGrath Pink Visa Card you will automatically become a member of Community First.
How quickly can I complete the application?
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.
How do I know if my application has been successful?
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 Credit Union upon a successful application.
How do I activate my credit card?
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.
How is interest charged to my card
The interest rate as with most credit cards is calculated on a daily basis. It will be charged to your account monthly.
How much will I need to repay?
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.
What repayment options do I have?
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.
What credit limit might I get and can I ask for an increase later?
The minimum and maximum credit limits of these cards are $1,000 and $15,000, respectively. You can request an increase in your card’s credit limit later, but you have to meet certain criteria to qualify.
How often do I receive a credit card statement?
Community First Credit Union 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.
How can I add an additional cardholder?
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.
How can I transfer balances from existing credit cards?
If you wish to transfer balances from existing credit cards or store cards you can provide all the relevant details as part of your credit card application.
What should I do if I lose my card?
To report a lost or stolen card during business hours you should call Community First Credit Union on 1300 13 22 77Â as soon as possible. When calling after hours, you should call the Visa hotline.
I can't remember my PIN?
Contact Community First by calling 1300 13 22 77 to discuss your options or visit a local branch.
What is Visa payWave?
Visa payWave is a special credit card feature which allows you to tap your credit card against contactless payment terminals to pay for purchases. There’s no need to enter your PIN for transactions under $100.
What is verified by Visa?
Verified by Visa is an extra layer of security, which protects you from fraudulent transactions made online. Verified by Visa requires that you set an extra ‘online only’ password for online shopping.
How can I help the McGrath foundation?
Half the annual fee for the McGrath Pink Visa Card is donated to the McGrath foundation to help fund the placement of breast cancer nurses.
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 Credit Union 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 Credit Union 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.
Please note that finder.com.au is an online comparison service and is not a product issuer.
However, you may refer to this page for the different low rate credit card options.
To apply, simply click on the “Go to site” button of your preferred card.
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
I live in Tasmania, and like so many other women, my whole childhood was affected by breast cancer, as my beautiful mother passed away in her 37th year, leaving my sisters and me, aged 5,3 and 7. Our dad wad great.but his life was shattered as well, having only been in Australia for just over 12 years. He came, like so many did, from war-torn Europe and left his family behind not knowing if any had survived or not.
So my life started off tough and I must admit that i still have to work hard to feel peace, joy and happiness. The last 15 years have been especially difficult and that was why I was hoping to find a bank/credit union with a particular feeling for those of us who have had a difficult time, financially and emotionally with the main reason being lack of physical good health. in the area
however, is your credit card available to people who don’t live in that region you described.
Living in Tasmania has many advantages, but having access to excellent medical care can occasionally be slightly “hit and miss!” Is it possible for someone like me, who is a retired teacher/Deputy Principal in a senior government boys’ school and has an excellent superannuation package of approx. $62,000 per annum and a rented investment apartment in a beachside suburb only 6 km from the GPO.
Hi Kanaffa,
Thanks for your question.
Community First doesn’t specify that you need to live3 in NSW in order to become a member and apply for one of their products, however they only have physical locations in NSW at the present time. You sound like you may be eligible for a card from them, but if you have specific questions about your eligibility they may be better directed to Community First.
I hope this has helped.
Thanks,
Elizabeth
Hi
I am interested in a balance transfer from my existing card to one of your low rate visa card. I live in Sydney. Do you have branches in Sydney where repayments can be made in person or how does it work? Thanks.
JS
Hi JS,
Thanks for your question.
You are able to make credit card payments in person. There are Community First branches in Bankstown, Liverpool and Rouse Hill. You can check the specific location details on the Community First website.
I hope this has helped.
Thanks,
Elizabeth
I have seen the offer by Community First. Apart from I am not in NSW (which I don’t think will be a problem). What is the catch?
IK am looking at transferring my Mastercard to the Community First Visa
Can you send me more information please.
thanks
Hi Tim,
Thanks for your question.
I’ve emailed you a link where you can find some more information on this card.
Thanks,
Elizabeth
I have an impeccable credit history but despite this I have been declined a credit card with Coles MasterCard and American Express/Qantas No Fee credit card. My only summation is that I am in receipt of the aged pension and although none will admit this is the reason for rejection I can only surmise that (a) I will not be generating sufficient sales for these credit agencies to make any money from me and (b) My Pension Income is way below their expectations.
Would appreciate your observations and comments after hearing all about C>F> with Alan Jones this week.
Kind Regards Karen B.. ps there are lots of Karen B’s……
HI Karen. I had to remove your last name from this post for privacy reasons. Please refer to this article. I wrote it after Bankwest rejected my credit card application and didn’t really offer a reason why. I can only speculate as to why you’ve been declined. Hopefully this article can offer some insights for you. P.S what did Alan Jones say? I must have missed talk back radio that day. Jacob.
what a great credit card idea please send me more info on this regards sue pollock
Hi Sue. I’ve sent some information to your email. Jacob.