LCU Credit Cards


Do you want a low rate credit card that offers easy access to funds or a platinum card with a range of benefits? LCU has an option for you.

Important Information

LCU no longer offers credit cards. However, we've kept the information online for the benefit of existing customers and for those who are interested. You can compare other credit cards here.

CSIRO staff established Laboratories Credit Union in 1954, and membership is now open to Riverside Corporate Park employees as well as people from other walks of lives. This North Ryde based credit union offers its members an array of financial services and products typically associated with a bank, some of which include loans of different types, access and savings accounts, and insurance solutions. It also offers two Mastercard options which are detailed on the page below.

Types of credit cards that LCU offers

If you turn to LCU for a credit card you can choose one based on whether you want a low interest rate or a whole bunch of extras. Since both kinds come with Mastercard connections, you can use them globally.

  • Low rate credit cards

    You can benefit from using a low rate credit card if you don’t want too much from your card apart from a low interest rate. The MyCard Low Rate Mastercard that LCU offers gives you up to 55 interest-free days on purchases, and the guaranteed pricing scheme and purchase cover insurance provide peace of mind.

Learn more about Low Rate Credit Cards

  • Platinum credit cards

    If you don’t mind paying a little extra in the form of interest for extras like rewards and free insurance covers, a platinum card might be right for you. The LCU MyCard Platinum Mastercard rewards you in accordance to how much you spend using your card, and it comes with a number of complimentary insurance covers. This card also gives you access to a round-the-clock concierge service.

Learn more about Platinum Credit Cards

Benefits of LCU and its credit cards

LCU, like other credit unions, does not have shareholders who eat into its profits, and so manages to offer its customers competitive interest rates and high levels of service while keeping fees to a minimum. Benefits of getting an LCU credit card are as follows:

  • Complimentary insurance covers

    Both credit cards offer protection through the guaranteed pricing scheme and purchase cover insurance. If you get the platinum card, you also get complimentary international travel, interstate flight inconvenience and transit accident insurance covers.

  • Save on interest

    Both these cards offer interest on balance transfers, and this rate stays in place for six months. The platinum card offers interest for the first six months on purchases, as well.

  • Concierge service

    The MyCard Platinum Mastercard offers access to a platinum concierge service which you can use for various purposes. This service, for example, can help you locate a restaurant in cities across the world, and you can also use it to book a table. You can also turn to it to book tickets for sporting, cultural, and entertainment events.

  • Account security

    Both these cards make use of chip technology, which offers increased protection when compared to its magnetic strip predecessor. If there is any inkling of an irregular transaction, you can expect it to be followed up.

How to apply for an LCU credit card

Apply for an LCU credit card by visiting their branch or over the phone, and you can also download an application from their website. To download the application click on the ‘Go to Site’ button next to the credit card of your choice. After you complete the application you can mail it, fax it or drop it at an LCU branch. Before you move forward with the application, make sure you meet the following eligibility criteria.

  • You’re at least 18 years old.
  • You’re a permanent resident of Australia.
  • You don’t have poor credit rating.
  • For the low rate card, you should earn at least $25,000 p.a.
  • For the platinum card, you should earn no less than $35,000 p.a.

To complete the application you have to submit different types of information, ranging from personal, to professional, to financial. Here’s what you’ll need:

  • Personal - Provide your complete name, date of birth, driver’s licence number, home address, phone number, email address, marital status and number of dependants.
  • Professional - This section requires your employment status along with your employer’s name and contact details. You also have to mention the duration of your employment. If you are self-employed or retired, you’ll need to provide your accountant’s details.
  • Financial - Here, provide details of your income from all sources. You have to list general monthly expenses and any other recurring expenses, as well as details about liabilities like loans, credit cards, and store cards.

What happens next?

Expect someone to review your application soon after you submit it, and if LCU requires any more information a rep will contact you. Part of the process requires that the lender make an income verification call to the payroll department at your place of employment. If you’re not an LCU member you’ll have to become one in order to receive your card, and you’ll also have to go through a legally required identity verification process.

Back to top

Frequently asked questions

Given below are answers to some of the most commonly asked questions about LCU credit cards, and if you’ve got a question of your own, you can ask using the form at the end of this page.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site