Keep credit card interest costs to a minimum with a low standard variable interest rate of 8.99% p.a.
Community First Credit Union offers two low rate credit cards. With promotional low rates, competitive annual fees and interest-free days, these cards could suit cardholders who want to reduce their card costs. While both cards offer similar features, the McGrath Pink Visa also donates 50% ($20) of the annual fee to fund McGrath Breast Care Nurses in communities across Australia.
You can compare your Community First Credit Union credit card options below.
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.
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.
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.
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:
- 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 77 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.