CUA provides a low rate and a platinum credit card, and both come with introductory balance transfer offers.
Comparison of CUA Credit Cards
Types of credit cards from CUA
CUA offers two different Mastercard credit cards, both of which offer easy access to funds just about anywhere in the world. These cards offer different features designed to suit a range of people. Here’s what you can expect from each:
Low rate credit card
This type of credit card offers a low standard variable interest rate on purchases and usually comes with minimal features. The CUA Low Rate Credit Card charges a competitive 11.99% p.a. (variable) on purchases. It also allows you to save money on existing debt with a 0% p.a. balance transfer offer for the first 13 months. This card offers a $0 annual fee in the first year, normally $49 p.a.
Learn more about Low Rate Credit Cards
Platinum credit card
The CUA Platinum Credit Card is a premium product that comes linked to the CUA Life Rich Rewards program, enabling you to earn and redeem reward points as you use the card. It also offers complimentary international travel insurance, transit accident insurance, purchase protection insurance covers, and a concierge service. This card comes with an introductory 0% p.a. balance transfer rate for the first 13 months. It charges an annual fee of $149, which is waived in the first year.
Learn more about Platinum Credit Cards
Benefits of a CUA credit card
Some of the features and benefits you can enjoy with a CUA credit card include:
Balance transfer offers
CUA credit cards allow you to consolidate your existing card debt and save money on interest with competitive balance transfer offers. The CUA Low Rate Credit Card offers 0% p.a. on balance transfers for the first 13 months. Similarly, the CUA Platinum Credit Card offers 0% p.a. balance transfer rate for the first 13 months. Please note that the standard cash advance rate will apply once the promotional offer ends.
Interest-free days
Both CUA credit cards offer up to 55 interest-free days on purchases. To enjoy these interest-free days, you have to pay your account’s outstanding balance in full every month.
Additional cards
If you choose to get a CUA credit card, you can request up to 9Â additional cards. This allows you to share your account with a partner or family member, and could help maximise your reward point earnings if you choose the CUA Platinum Credit Card. Keep in mind that you remain liable for all purchases made using additional cards linked to your primary card.
Online and mobile banking
Keep track of your credit card transactions and manage your account 24/7 from anywhere using CUA’s online banking platform or mobile banking app.
ATM network
CUA customers can access their accounts through the entire rediATM network, which comprises of more than 3,000 ATMs across Australia.
CUA member benefits
CUA ensures that its profits go back to its customers in the form of lower fees and better rates. It also gives you the ability to bundle products such as credit cards and home loans, which can simplify your banking and help you save more on fees. In addition to these benefits, CUA members can participate in its governance, ask questions about management and financial performance and even have voting rights at the Annual General Meeting.
How to apply for a CUA credit card
You can apply for a CUA credit card online in just four steps. Before you apply, make sure you meet the eligibility requirements and have all the relevant details on hand to speed up the process.
Eligibility criteria
- You must be at least 18 years old
- You must be a permanent resident of Australia
- Other criteria will also apply
Required documents
- Personal details. Your complete name, date of birth, marital status, number of dependents, and mother’s maiden name.
- Contact details. Your residential address, time spent there, residential status, phone number, and email address.
- Employment details. Your employment status, employer’s name and contact details, and time spent with current employer
- Financial details. This includes information on our assets, such as investments, shares or savings. It also includes details of any existing debts and loans, as well as regular payments such as rent and household bills.
CUA credit cards provide a competitive range of features that are designed to suit a wide range of different lifestyles and needs. When considering one of these credit cards, make sure you check all the requirements and fine print. It's also important to compare a range of other options so that you can choose a credit card that suits your needs.
Frequently asked questions
What does the application process involve?
You can apply for a CUA credit card online via a secure application form. This process has four steps to it, where you provide information about yourself and your finances. It should only take around 15-20 minutes to complete the application, and you should hear from CUA soon after submitting it.
If CUA approves your application you might have to verify your identify by sharing supporting documentation or by visiting a branch. After CUA verifies your identity, it dispatches your credit card and PIN.
Are there any limitations on balance transfers?
To take advantage of the special balance transfer rate you have to inform CUA of your intention to transfer balances when you apply. You will need to include details of the debts you wish to balance transfer on your application. Note that you cannot transfer more than 80% of your new card’s credit limit. You also cannot use your new card to transfer balances from existing CUA credit cards.
What information do I have to provide to move forward with a balance transfer?
You have to provide the name of the card issuer, your account number, and the amount you wish to transfer.
Can I use my CUA credit card for cash advances?
Yes, you can. Cash advances attract a higher interest rate than purchases, though. CUA also charges a cash advance fee worth 2.00% of the cash advance amount, with minimum of $3.50. Note that cash advance transactions are not eligible for interest-free days, which means you'll pay interest from the time the transaction is made.
I am on the age pension do I qualify with no debts 22,880 per year
We are CUA.members we have credit cards with ANZ and Westpac
we have nothing oweing on Westpac Master card and $approx $1600 on Visa Anz can I transfer to your card from Anz with zero interest?
Hi Maureen,
Thank you for your inquiry.
Some credit cards have restrictions around which institutions you can balance transfer your debts from. This usually happens when credit card companies have financial ties to one another, or when both credit card companies are actually being financed by the same larger lending institution. You may want to consider the available option/s here.
I hope this information has helped
Cheers,
Harold
Hi Shirley,
Thank you for your inquiry.
Unfortunately, you must be employed when you apply for the CUA credit card. The banks/credit card companies that may accept applications from retired and pensioner applicants are listed here. On the same page, you can find the documents you’ll need to improve your chances of approval.
Hope that helps.
Cheers,
May
I have a platinum master card with CUA. Iam travelling to Canada & America in May 2016.I believe i get free travel insurance if holiday is purchased via my card.How do i get details for my travel insurance.
Regards Terry Murray
Hi Terry,
Thanks for you inquiry.
Complimentary Travel Insurance is provided automatically to CUA cardholders. For complete details about this cover, you may refer to CUA’s travel insurance PDS I have sent to your email.
Cheers,
Sharon
How do I make my account MasterCard paperless?
Hi Ken, thanks for your inquiry!
Receiving paperless statements can be requested through CUA online account login or by contacting CUA directly.
Cheers,
Jonathan
What airlines would I be able to receive frequent flyer points with my cua credit card?
Hi Pat, thanks for your inquiry!
Unfortunately at this point of time there is no frequent flyers program available with CUA. Please see the following page for a list of frequent flyers credit cards.
Cheers,
Jonathan
I have no credit history .
Hi Paul, thanks for your inquiry!
CUA will assess your personal situation including identification requirements and financial information. More details on these criteria are available in the ‘Information needed for a CUA credit card application’ section on this page.
Cheers,
Jonathan
Hi Kashif,
Thanks for your question.
You can find out about applying for a credit card as a temporary resident on this page.
I hope this will help.
Thanks,
Elizabeth
can u please send travel insurance policy document. thanks.
Hi Migon,
Thanks for your question.
I’ve emailed you a link to the document.
Thanks,
Elizabeth
Could you send me the policy document with details of the complimentary travel insurance which comes with my CUA Platinum mastercard?
Hi Grant,
Thanks for your question.
I’ve sent a link to the PDF to your inbox.
Cheers,
Shirley
Could you send me the policy document with details of the complimentary travel insurance which comes with my CUA Platinum mastercard?
Hi LA,
thanks for the question.
The CUA Platinum card has insurance offered by Zurich. I’ve emailed you a link to the policy document.
Cheers,
Marc.
I purchased 5 airline tickets for myself and family. Can you please tell me if I am covered for insurance and what extent. Do I still need to take additional cover. Thanks
Hi, Kathy.
I have sent the policy document to your email.
Thanks for your question.
Am I covered for free travel insurance if I have CUA Platinum MasterCard
Thanks
Hi D.
International travel insurance is a complimentary benefit currently included with this card. I have sent the policy document to your email. It has information on eligibility requirements and a description of the cover.
I hope this helps.
Hi my name is Paul I wish to f/u complimentary travel insurance with my platinum master card we are traveling o/seas p/o cruise in aug 2014 can you send me full policy details please
Hi Paul,
Thanks for your question.
I’ve emailed you the Product Disclosure Statement for this product.
Cheers,
Shirley