Illawarra Credit Union Low Rate Pink Credit Card

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Balance transfer rate for 12 months with no balance transfer fee: 0% p.a.
Purchase rate: 8.99% p.a.
Annual fee: $50 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Save with low interest rates and a 0% balance transfer offer while supporting the McGrath Foundation.

The Illawarra Credit Union Low Rate Pink Credit Card is one of the only charity credit cards available in Australia – with 50% of the annual fee helping to fund McGrath breast care nurses. These nurses offer free care and support for people experiencing breast cancer and work in communities all around the country.

As well as supporting the McGrath Foundation, this card’s 8.99% p.a. variable interest rate is very competitive with other low rate options. Unlike most credit cards, this interest rate also applies to balance transfers and cash advances, which can make it easier to keep track of interest charges if you have balances from a few different types of transactions.

The Illawarra Credit Union Low Rate Pink Credit Card credit card also offers contactless payments at the checkout and up to 55 days interest-free on purchases if you pay your full balance by the due date on each statement.

Pros

Half of the annual fee is donated to the McGrath Foundation
0% p.a. for 12 months on balance transfers, with no BT fee
Same low interest rate of 8.99% p.a. on purchases, cash advances and balance transfers

Cons

No rewards program linked to this credit card
Charges a 3% international transaction fee

Details

Product details

Product Name	Illawarra Credit Union Low Rate Pink Credit Card
Balance transfer rate p.a.	0% for 12 months, then 8.99%
Purchase rate p.a.	Purchase rate p.a.8.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	8.99%
Min credit limit	$500
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$50
Minimum monthly repayment	3% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	3%
Cash advance fee	$2
Overseas cash advance fee	5%
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0

How to apply

You can apply for the Illawarra Credit Union Low Rate Pink Credit Card online by filling out a secure application form on the Illawarra Credit Union website. Get started by making sure you meet the eligibility criteria and have all the documents and details you'll need to provide when you apply.

Eligibility criteria

Income requirement. You must earn a regular income to apply for this card.
Residency. You must be an Australian citizen or permanent resident.

Credit history.You must not be an undischarged bankrupt or have a history of outstanding credit defaults.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, residential address, contact number and date of birth. You also need to provide a valid form of ID, such as your driver's license or passport.
Employment details. This covers your employment status, occupation, salary and employer's contact details. You may also be asked for supporting documentation, such as recent payslips or bank statements.
Financial details. You can share details of any other forms of income, such as government payments or pensions. You will also need to provide details of your assets and savings, as well as existing loans, debts and regular household expenses.

Card benefits

McGrath Foundation support. Each year you have this card, $25 of the annual fee is automatically donated to the McGrath Foundation to help support breast care nurses that look after people experiencing breast cancer. This unique credit card partnership is highlighted through the card's bright pink design, which includes the McGrath Foundation logo.
Balance transfer offer. Transfer an existing debt to this card and save with 0% interest on balance transfers for the first 12 months. If you don't pay it off in full by the end of the introductory period, any remaining debt will attract the 8.99% p.a. interest rate.

8.99% p.a. interest rate. While most low rate credit cards charge different interest rates for purchases, cash advances and balance transfers, the Illawarra Credit Union Low Rate Pink Credit Card applies the same rate to all of these transactions. This can make it easier to keep track of interest charges and your balance.
Internet and mobile banking. Check your balance and manage your account easily via Internet banking or with the Illawarra Credit Union mobile banking app. This card is also compatible with Apple Pay, Samsung Pay and Google Pay for contactless payments through your smart device.
Visa benefits. Make tap-and-go payments at the checkout with Visa payWave, get extra security online through Visa Secure and enjoy peace of mind with Visa Zero Liability for fraudulent transactions. Plus, get access to exclusive hotel perks, travel and shopping deals through Visa Offers + Perks.

Rates & fees

Annual fee. The $50 annual fee on this card is competitive with other low rate credit cards – plus half is donated to charity.
Interest-free days on purchases. If you pay off your total outstanding balance by the due date on each statement, you'll get up to 55 days interest-free on purchases in the next statement period. Note that interest-free days don't apply to cash advances or balance transfers.

International transaction fee. A fee of 3% applies when you use this card overseas or online with a business that processes the payment overseas.
Overseas cash advance fee. If you use this card to withdraw cash overseas, you'll pay a fee of 5% per withdrawal. Interest charges will also apply from the date of the transaction.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Illawarra Credit Union Low Rate Pink Credit Card information PDF
2. Illawarra Credit Union Low Rate Pink Credit Card TMD

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Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

Illawarra Credit Union Low Rate Pink Credit Card

Pros

Cons

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Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

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