In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Health Professionals Bank Credit Card

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Health Professionals Bank Credit Card
Terms and conditions apply
Balance transfer rate for 6 months with no balance transfer fee
7.9% p.a.
Purchase rate for the first 6 months (reverts to 11.5%)
7.9% p.a.
Annual fee
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

This Visa credit card offers both a low interest rate and an ongoing $0 annual fee, but is only available to people in the Australian health sector.

The Health Professionals Bank Credit Card is a no-frills Visa credit card suited to people who want to keep their account costs down. As well as an ongoing $0 annual fee, it offers a very low 7.9% p.a. interest rate for the first 6 months. After that, a 11.5% p.a. interest rate applies to purchases and cash advances, which is competitive with other low rate cards.

Pros

  • 7.9% p.a. for 6 months on purchases and balance transfers
  • Ongoing $0 annual fee
  • Up to 55 days interest-free on purchases

Cons

  • No rewards program and insurance covers
  • 2.9% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Health Professionals Bank Credit Card has no annual fee ever, a low interest rate and worldwide acceptance through the Visa card network. It also offers up to 55 days interest-free when you pay the total closing balance by the due date on your statement. It doesn't come with perks like complimentary insurance or rewards, so make sure you consider that as part of your comparison.

Details

Product details

Product Name Health Professionals Bank Credit Card
Balance transfer rate p.a. 7.9% for 6 months, then 11.5%
Purchase rate p.a.
Purchase rate p.a.
7.9% for 6 months, then 11.5%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 11.5%
Min credit limit $1,000
Max credit limit $25,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee
Annual fee
$0
Minimum monthly repayment 3% of the closing balance outstanding
Late payment fee $10
Foreign currency conversion fee
Foreign currency conversion fee
2.9%
Cash advance fee $4.50
Overseas ATM withdrawal fee $4.50

How to apply

You can apply for the Health Professionals Bank Credit Card by filling in a secure application form on the bank's website. To get started, make sure you meet the eligibility requirements and have all the documents and details you need for the application.

Eligibility criteria

  • Membership. You can apply for this card if you're a retired or current Australian health sector worker, or an eligible family member. If you're not already a member of Health Professionals Bank, you'll also need to pay a one-time membership fee of $10.
  • Residency. You must be a permanent resident or citizen of Australia.

Card benefits

  • No annual fee. The Health Professionals Bank Credit Card has an ongoing $0 annual fee. In comparison, credit card annual fees in Australia typically range from $25 to $1,450.
  • Low interest rate. This card offers an introductory 7.9% variable interest rate on purchases and balance transfers for the first 6 months. At the end of the introductory period, a 11.5% p.a. variable interest rate applies, which is also competitive with other low rate cards.

Rates & fees

  • Interest-free days. The Health Professionals Bank Credit Card offers up to 55 days interest-free on purchases and balance transfers when you pay the closing balance in full by the due date on each statement.
  • Credit limits. You can request a credit limit ranging from $1,000 to $25,000, subject to approval.

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Amy Finder

Editor

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