After a credit card with $0 ongoing annual fee plus a low 11.99% p.a. interest rate on purchases and cash advances? A ME credit card may be the right choice for you
ME provides a range of personal and business banking solutions which include transaction and savings accounts, term deposits, insurance solutions, and of course, credit cards. You can compare the rates, fees and features of ME bank's credit card offering below.
ME Credit Cards
Types of ME credit cards
ME offers only one credit card: the ME frank Credit Card. Find out about this low rate card option below.
Low rate credit cards
A typical low rate card charges a low ongoing rate on purchases, but usually charges a higher rate on cash advances. However, the ME frank credit card offers the same low rate of 11.99% p.a. on purchases and cash advances, which is a plus if you want to keep your interest costs to a minimum. The card doesn't attract any ongoing annual fees and offers up to 55 interest-free days when you pay your balance in full by the end of the statement period.
The benefits of banking with ME
The ME credit card offers a variety of perks and here’s what cardholders can look forward to when using their frank cards:
If you ever need cash in a hurry, you can turn to any ATM that displays the Mastercard logo. ME has an ATM partnership with the Westpac Group, which gives you ATM fee-free access to over 3,000 Westpac, St.George, BankSA, and Bank of Melbourne ATMs across Australia. You can also use ME ATMs to avoid fees. Please note that cash advance fees and interest rates apply to ATM withdrawals made with your ME credit card.
ME gives you the ability to get up to 8 additional cards linked to your primary account. You continue getting a single statement each month, and you remain liable for all purchases made using additional cards linked to your account. To add any additional card holders, you can download and fill in a form from the ME website to fax or email a request.
Low interest rate
ME frank credit card’s low interest rate of 11.99% p.a. applies to purchases and cash advances alike. However, it's important to note that cash advances will also collect a cash advance fee. Cardholders can also save on interest costs with up to 55 interest-free days
No annual fee
As well as competitive interest rates, you can also save with no annual fee for the life of the card.
The MasterCard connect
The ME frank credit card comes with an affiliation to Mastercard, so you can look forward to using your card when you travel overseas. While you can use your card at EFTPOS terminals and ATMs, you can also use it for online and over the phone transactions. The Mastercard PayPass technology also allows you to make contactless payments for purchases under $100.
How to apply for a ME credit card
You can apply for a ME credit card online. The online application is secure and can be completed in a few short minutes. You should get a response about your application moments after you hit submit. Before you apply, make sure you've met these eligibility requirements and organised the following information:
Eligibility criteria you must meet
You can visit any ME service centre, you can initiate the process over the phone, and you can apply online. To apply online, click on the ‘Go to Site’ button, but not before you establish that you meet the following eligibility criteria:
- You are over 18 years old
- You are a permanent Australian resident or an Australian citizen
- You are not a US tax resident or a US citizen
- You have a good credit history
Documents and information you'll need to provide
- Personal details like your name, date of birth, and driver’s license or passport number
- Contact details to include your residential status, home address, phone number, and email address
- Your employer’s name, phone number, and address
- Income details from all sources as well as details of all assets. This includes any Centrelink or rental income and is after tax. You may be asked to provide proof of your income.
- Details about expenses to include information about all existing debts like loans, credit cards, and overdrafts.
What happens next?
If you apply online, you might have to send copies of personal identification documents over by fax or email, and you may also have to send copies of payslips for income verification. If ME approves your application, you can expect to receive your new credit card within the next seven business days. Before using your card you have to activate it, which you can do over the phone or online.
Frequently asked questions
Read the FAQs about ME credit cards for answers to general questions, or ask us a question if you want to find out more.
How do I transfer my credit card debt to a ME credit card?
A balance transfer is a great money-saving credit card feature that can help you pay off unwanted credit card debt. Check to see whether there is a balance transfer offer for the ME credit card you’re comparing. You can apply for a balance transfer to a ME credit card when you complete the online application. You can also complete and return a balance transfer request form after you apply. This form is available from the ME website.
The following conditions apply.
- The maximum balance transfer amount is up to your available credit card limit -$100.
How can I make a ME credit card repayment?
Pay your ME credit card the following ways:
- Direct debit. Set up an automatic direct debit from a savings or transaction account so you can pay your ME credit card on time. Pay just the minimum, a nominated amount or the outstanding balance of your card.
- BPAY. You can make a BPAY payment to your ME credit card.
- Bank@Post. Pay your ME credit card in person at an Australia Post retail outlet. Use cash or EFTPOS to make a payment to your credit card.
Check your credit card statement for detailed instructions on how to make a payment to your ME credit card.
How do I get interest-free days?
Up to interest-free days is another great credit card feature that rewards people who are able to pay off their credit card balance each month. Pay back what you spend and you get ‘up to’ a number of days to make purchases interest-free. It’s based on the time you make a purchase and the time your credit card statement is issued.
A good rule of thumb is to pay back everything you’ve spent in the previous statement cycle before you credit card statement’s due date and you can continue to make interest-free purchases on your credit card. Remember that you won’t get interest-free days if you’re paying off a balance transfer balance. Even a balance transfer balance will void the interest-free days feature.
How do I get an additional card?
You can apply for an additional card when you complete the online application for a ME credit card. Alternatively, you can complete and send in an additional cardholder request form. Check the ME credit cards review pages for information about the number of additional cardholders offered under each account and whether there’s a fee for issuing a supplementary card. Additional cardholders can be anyone over the age of 16 who is a permanent Australian residents and can provide their identity.
How do I change my credit limit?
You’re assigned a credit limit based on your financial situation. You may need to increase or decrease your credit limit as your circumstances change. You can apply for a credit limit increase on your ME credit card if your account has been open for nine months. To change your credit limit, speak to a ME customer representative or download and complete a credit limit increase application.
Who do I call if my card is lost or it’s stolen?
Lost or stolen credit cards must be reported to ME immediately. You can contact ME on 13 15 63 in Australia or on +61 3 9708 4001 if you're overseas.
Can I use my ME credit card to make bill payments?
If the service in question accepts payments via credit cards, you can use your ME credit card to make payments.