Do you want a low rate credit card that offers easy access to funds and allows balance transfers for free?
Last 1 July 2016, Select Credit Union and Encompass Credit Union merged and became Select Encompass Credit Union Ltd.
Encompass the Transport Credit Union began operations in 1953, and now has members across Australia. Select Encompass services in excess of 18,000 members, and boasts of over $250 million in assets. This credit union offers its members a range of financial services and products, which include everyday accounts, savings accounts, investment accounts, home loans, personal loans, car loans, insurance solutions, and Visa debit and credit cards.
Comparison of Select Encompass Credit Union Credit Cards
Types of credit cards that Select Encompass offers
Select Encompass, through its association with Visa, offers a low rate credit card that gives you easy access to credit.
Low rate credit cards
Low rate credit cards are ideal for individuals who don’t want to pay extra for add-ons like complimentary insurance covers and rewards. The Select Encompass Visa credit card is a low rate credit card that you can use at EFTPOS terminals and ATMs, and you can also use this card to make purchases online and over the phone. If you use this card in the right manner, you can get up to 55 interest free days on purchases.
Benefits of getting a Select Encompass credit card
More than 2,500 Select Encompass members use the Select Encompass Visa credit card, and the fact that Select Encompass allows cardholders to access their credit and savings accounts through this single card certainly helps. Banking with Select Encompass comes with other benefits as well.
Going the Visa way
Visa cards make use of multiple technologies to offer cardholders peace of mind, and the Select Encompass credit card is no different. ‘Verified by Visa’ technology, for instance, offers protection when you use your card to make online purchases. You can use this Visa credit card for cash advances and withdraw up to $1,000 per day, depending on your available credit limit, from any ATM that displays the Visa logo. Using this credit card while travelling overseas is simple, given Visa’s widespread acceptance.
Access account information easily
If you want details about your credit card account you can visit a Select Encompass branch. Select Encompass also gives cardholders the ability to access account related information via online and phone banking.
If you have outstanding balances on existing credit cards that attract high interest rates, you can think about transferring those balances to this card and save in the form of interest. Select Encompass does not charge any fee for balance transfers, and transferred balances attract the card’s low purchase rate.
How to apply for a Select Encompass credit card
You can visit a Select Encompass branch to apply for a credit card, or you can do so by calling their helpline on 13 13 61. You have the option to download, print, and complete an application, and you can also complete an online application. To apply online simply click on the ‘Go to Site’ button next to the credit card’s details. Before you go begin with the application establish if you meet the basic eligibility criteria, which are as follows.
- You should be over 18 years old
- You should be a permanent resident of Australia
- You should not have poor creditworthiness
- You should meet minimum income requirements
Applying for the Select Encompass Visa credit card requires you to submit different types of information, which includes the following.
- Applicant details. The first section requires your complete name, date of birth, email address, residential address, marital status, and number of dependents.
- Income details. Provide details about your income from all sources, which can include shares and any income you earn from real estate.
- Asset details. This section requires details about your equity in real estate, vehicles, savings, and investments.
- Liability and expenditure details. Here, part with information surrounding existing loans and credit cards as well as expenses like child support, school bills, and utility bills.
What happens after I apply?
After you submit your credit card application a Select Encompass representative might contact you for additional information. As part of the verification process they might call your payroll department for income verification, so letting the concerned individual know of the call ahead of time can result in saving some time.
If you’re not a Select Encompass member you’ll have to complete an identity verification process, which is a legal requirement. You might have to visit a branch to complete the required formalities.
Frequently asked questions
Here, you’ll find answers to the most commonly asked questions about Select Encompass Visa credit cards.
How quickly can I complete the online application?
If you begin with all the required information close at hand, you should complete the application in around 10 minutes. You have the option to save your application in between, and you can retrieve the same later.
How do I check the status of my credit card application?
You can check your application’s status online or by calling the Select Encompass helpline on 13 13 61.
How can I make repayments?
Select Encompass allows repayments via payroll deduction, and you can make periodical payments via your Select Encompass transaction or savings account. You can visit an Select Encompass branch to make a payment; there are three in the Sydney metropolitan area, and there’s one in Hamilton, Newcastle. Other repayment options include internet and phone banking.
How can I access my savings account using my credit card?
To access a linked savings account you simply have to select ‘savings’ when you make transactions, either at EFTPOS terminals or at ATMs.
Is the Select Encompass credit card available only to members of this credit union?
While you can apply for the Select Encompass Visa credit card as a non-member, once approved you’ll have to become a member.
What is the card’s credit limit, and can I apply for an increase?
The minimum and maximum credit limits of the Select Encompass credit card stand at $1,000 and $30,000, respectively. You can apply for an increase in your initial credit limit after using your card for a stipulated time period, and you have to meet the credit union’s lending criteria to qualify.
What fees might I have to pay?
You have to pay a nominal annual fee for the life of the card. Other fees you might have to pay include late payment fees, cash advance fees, overseas ATM withdrawal fees, and Bank@Post withdrawal fees.
Is there a difference in the card’s purchase and cash advance rates?
Yes, the cash advance rate is slightly more than the purchase rate.
What should I do if I lose my card?
If you want to report a lost or stolen Select Encompass Visa credit card during business hours, call 13 13 61. Make after hour calls to 1800 224 004.
Can I close my credit card account?
Yes, you can submit a written application for account closure at any time. After the account’s closure you remain liable to repay any outstanding balance, which includes fees and charges added before the account closure date.