Apart from giving you easy access to funds, the MMPCU Visa credit card comes with a special introductory interest rate.
Maritime, Mining & Power Credit Union (MMPCU) began operations in 1970, in the form of Maritime Workers of Australia Credit Union. Its current name came into effect in 2008, after a merger with Power Credit Union. While this credit union previously offered its services only to maritime industry employees and their family members, over time it accepted members from mining and power industries as well as local communities. In 2010, Gosford City Credit Union and Reliance Credit Union became divisions of MMPCU. This credit union offers its members an array of financial services and products, which include a Visa credit card.
Comparing the MMPCU Credit Card
Types of credit cards that MMPCU offers
MMPCU offers a credit card that gives you easy access to funds and flexible repayment options, and while this is the only card that this credit union offers, it comes with a number of useful features.
Low rate credit cards
A low rate card, in addition to a low interest rate, can offer other features, although these tend to vary from one card to the next. The Visa credit card that you can get through MMPCU charges the same low rate for purchases and cash advances and this is not something you find with most credit cards. This card comes with an introductory rate, and you don’t have to pay an annual fee in the first year. You can also look forward to as many as 55 interest free days on purchases.
Benefits of Maritime, Mining & Power Credit Union credit cards
Getting a credit card through the Maritime, Mining & Power Credit Union comes with a number of benefits, and here’s what you can expect.
Interest free days with a difference
With most credit cards you have to pay your balances in full each month to avail of interest free days on purchases, but the MMPCU credit card works differently. With this card, your outstanding amount notwithstanding, you get up to 55 interest free days on all purchases.
Annual fee waiver
Apply before a given date and look forward to a waiver of the first year’s annual fee. If you have the All in One Home Loan with MMPCU, the annual fee does not apply at all.
This low rate card offers an even lower introductory rate that stays in place for the first six months. While this introductory rate applies on purchases, you can also use it to transfer balances from existing credit cards and store cards.
More than 24 million merchants in around 220 countries accept Visa as a form of payment so you can use your Visa credit card just about anywhere. You can use any ATM that displays the Visa logo to withdraw cash. Your card also gives you the convenience to make online and phone transactions, whether it’s to shop or to pay bills.
How to apply for an MMPCU credit card
You can apply for an MMPCU credit card by visiting a branch or you can request a callback from an MMPCU specialist. You have the option to download an application and you can also complete one online. To get started with an online application, simply click on the ‘Go to Site’ button located next to the credit card’s details. Before you begin with the application, establish that you meet the following eligibility criteria.
- You are aged over 18 years
- You are an Australian citizen or a permanent resident of Australia
- You have good credit history
- You have a steady source of income
- Personal details. These include your complete name, date of birth, marital status, number of dependents, and driver’s license number.
- Contact details. These include your home address, email address, phone number, and the most convenient time to call.
- Employment details. This section requires you to enter your occupation, employment status, employer’s name, employment address, and length of employment.
- Income. Provide details of income from all sources.
- Monthly expenses. Provide details about rent, mortgage payments, loan payments, credit card payments, and other ongoing expenses for food, bills, transportation, and so on.
- Assets. Assets include equity in home, vehicles, household goods, savings, term deposits, and superannuation.
What happens after submitting an application?
After you submit your application you receive a reference number that you can use to track your application, and an MMPCU rep should contact you within 48 hours. MMPCU, in all likelihood, would call your employer to carry out a routine income verification process.
Upon approval, if you’re not an existing MMPCU member you’ll have to become one before receiving your card. You’ll also have to complete an identity verification process, as mandated by the Australian government, and this might require you to visit an MMPCU branch.Back to top
Frequently asked questions
Given below are answers to questions that people commonly ask about MMPCU credit cards. You can use the form at the end of the page to ask a question.
How quickly can I complete the online application?
The application should take around 10 minutes to complete, but it requires that you have access to different kinds of information. You can save your application in between and access it using your email address and a PIN.
Can I check my application’s status?
You get a reference number after submitting your application, and you can use this number to track the progress of your application.
Can I get an additional card and does it attract a fee?
You can apply for an additional card and there is no additional card fee.
What is the credit limit of this card, and can I request for an increase?
The minimum credit limit of this card is $1,000 and the maximum is $30,000. While you can submit an application for an increase in your card’s limit, you have to meet certain criteria to qualify, and there is no guarantee of approval.
What happens to the introductory rate after six months?
The introductory rate applies to all purchases you make within six months from the date of your card’s approval, and at the end of this period any outstanding balance starts attracting the card’s standard variable rate.
How can I make payments?
You can set up automatic payments linked directly to your payroll, and you have the option of setting up direct debits using a transaction or savings account. You can transfer funds via online or phone banking. Other options include making payments at MMPCU branches or National Australia Bank branches, and you can also make payments via giroPost.
Does this card offer any rewards?
MMPCU credit cards don’t come linked to any kind of a rewards program.
What should I do if I lose my card?
To report a lost or stolen card within business hours you should call MMPCU on 1300 36 2000. If you’re calling after hours, call the Visa toll free number on 1800 450 346.