Enjoy flexible purchasing options, up to 6 months interest-free on purchases of $250 or more plus 0% interest for up to 48 months with participating retailers with a Lombard Finance credit card.
Lombard Finance, a leading Australian consumer finance company, is part of the publicly listed Flexigroup. It offers an array of financial products to Australians, in the form of in-store finance and Visa credit cards. Some of its offerings include interest-free and interest bearing finance, deferred payment plans, and lines of credit.
Lombard Finance boasts an extensive network of retail partners, not just in Australia, but overseas as well. These retail partners spread across categories like furniture, computers, electrical appliances, solar appliances, home improvement, travel, outdoors, and more.
Use this guide to compare your credit card options and discover how you can save on interest with a variety of retailers with Lombard Finance.
Comparison of Lombard Finance Credit Cards
What are the types of Lombard Finance Credit Cards?
Lombard Finance provides credit cards that give cardholders the ability to shop interest-free at its retail partners, and other features vary from card to card.
A typical interest-free card is one that does not attract any interest on purchases for a specific period of time, and this is what you can expect from Lombard Finance credit cards. The Lombard Visa Card gives you the ability to shop interest-free at any of its retail partners. The Lombard 55 Visa Card gives you the ability to make use of up to 55 interest-free days on purchases you make outside its retail partners network. When you use the 180 Visa Card outside the Lombard Finance retail partners network, you can get 6 months interest-free on purchases of $250 or more, and as many as 55 interest-free days on all other purchases.
Benefits of banking with Lombard Finance
If you choose to get a Lombard Finance credit card you can expect the following benefits:
Either of the Lombard Finance credit cards gives you the ability to shop interest-free at any of its retail partners. Some of the popular names on this list include IKEA, Nick Scali, Dick Smith, Australian Outdoor Living, Rheem, Australian Solar Network, Escape Travel, JAXQuickfit Tyres, Goodyear, Aquanaut, and Saddleworld.
Fee-free cash withdrawals
If you wish to use your Lombard Finance credit card to withdraw cash from an ATM, you can look forward to fee-free withdrawals when you use NAB and Redi ATMs. Bear in mind the money you withdraw will attract the cash advance interest rate, though.
Balance transfer offers
The 180 Visa Card comes with a promotional balance transfer of 0% p.a. for the first 6 months. So if you have an existing debt that's collecting interest, you could repay it without the burden of interest for the first 6 months with this promotional offer. Note that a 1% balance transfer fee applies and the interest rate will revert to the standard cash advance rate when the promotion ends.
These cards are accepted internationally and can be used for online and over-the-phone transactions. When your card details make it to the online marketplace, Verified by Visa provides additional security.
How to apply for a Lombard Finance Credit Card
Depending on the card you’re after, you can apply for a Lombard Finance credit card by visiting any of its retail partners, over the phone, or online. Secure an online application form, but make sure you meet the eligibility criteria, as listed below:
- You're over 18 years old
- You're a permanent Australian resident or an Australian citizen
- You earn at least $25,000 p.a.
- You have good credit history
To complete the application successfully you have to provide the following information:
- Your complete name, residential address, email address, phone number, date of birth, marital status, and number of dependents
- Your employer’s name and contact details
- Your income and expenditure
- Information about your assets such as property, vehicles, investments, and savings
- Details of all existing liabilities like loans, credit cards, store cards, and lines of credit
What happens next?
Upon submitting your application you can expect a Lombard Finance representative to contact you for additional information. You can inform your payroll department about an imminent income verification call, as doing so can help quicken the process. If you’re a new Lombard Finance customer, you’ll have to complete a legally required identity verification process.
If you’re looking for a basic no-frills credit card that gives you the ability to shop interest-free at select merchants, getting a Lombard Finance card could be valuable. Given that there are other cards that offer this feature, don’t forget to compare offerings from different financial institutions before you apply.