Use the Nova Credit Union credit card globally, and do your bit in supporting the fight against breast cancer.
Comparing the Nova Credit Union Credit Card
Types of credit cards that Nova Credit Union offers
When you use a Nova Credit Union credit card you can take heart in knowing that your card’s annual fee goes towards a worthwhile cause.
Low rate credit cards
The main draw of a low rate credit card, without doubt, is the low interest rate that it charges. Nova Credit Union supports the Hunter Breast Cancer Foundation (HBCF), and its HBCF Visa Credit Card is testimony to the same. This credit card works like a conventional Visa credit card, giving you easy access to funds, and its gives you the ability to avail of up to 55 interest free days on purchases. It also comes with a special balance transfer offer.
Learn more about low rate credit cards
Benefits of getting a Nova Credit Union credit card
The HBCF Visa Credit Card manages to charge a low interest rate because it does not offer extras like rewards and complimentary insurances, and you can still expect to reap certain benefits.
HBCF, a Hunter based non-profit organisation, raises money to increase awareness and provide support to individuals diagnosed with, or receiving treatment for, breast cancer, as well as their family members. All the money this organisation raises goes to supporting affected families within the Newcastle and Hunter Region only. Nova Credit Union donates the entire annual fee you pay towards your HBCF Visa Credit Card to HBCF.
More than 22 million merchants the world over accept Visa credit cards, so you can use this card with just about anywhere. You can use any ATM that displays the Visa logo to withdraw money, again, anywhere in the world. Besides, you can use this Visa credit card to make in-store, online, and over-the-phone purchases.
The HBCF Visa Credit Card comes with an embedded microchip, which offers considerably more protection than previously common magnetic strips, decreasing the likelihood of fraudulent usage. A fraud monitoring service keeps track of irregular transactions, and notifies you of the same immediately. ‘Verified by Visa’ technology offers another layer of protection when you use this card for online shopping.
This credit card comes with a 0% p.a. interest for balance transfers, and this rate applies for the first 6 months. You can transfer any amount up to your card’s credit limit, and the balances transfer in the order you list them in your application. The minimum you can transfer is $500.
Applying for a Nova Credit Union credit card
You can apply for Nova Credit Union credit card by visiting the Nova Credit Union office in Newcastle. You can also apply by downloading an application, completing it, and then sending it across via email, regular mail, or fax. Before you start with the application ensure that you meet the following eligibility criteria.
- You’re at least 18 years old
- You’re a permanent resident of Australia
- You earn at least $30,000 p.a. (before tax)
You have to provide a variety of personal, work related, and financial information to complete your application.
- Personal. Provide your complete name, contact details, marital status, and number of dependants.
- Work. This section requires your job status as well as your employer’s name and contact details.
- Financial. Financial information includes details surrounding income, expenditure, assets, and liabilities.
You have to submit the following along with your application.
- Employed individuals should submit last two payslips
- Self-employed individuals should submit tax returns and financial statements for last two years
- Retired individuals and pensioners should provide other evidence of income
- You also have to submit statements for existing liabilities like loans and credit cards
What happens next?
Once you submit your application a Nova Credit Union representative might contact you for more information. You can also expect an income verification phone call to go to your employer. If you’re not an existing Nova Credit Union member you’ll have to become a member before getting your credit card. You would also have to go through a legally mandated identity verification process.
Frequently asked questions
Here, you’ll find answers to some of the most commonly asked questions about Nova Credit Union credit cards, and you can ask your own question by using the form at the bottom of this page.
Can I submit an online application?
While you cannot submit an online application through the Nova Credit Union website, you can download an application and email it to firstname.lastname@example.org. You can also fax it to (02) 4929 4751.
How long does it take to complete the application?
If you keep all the required information close at hand you can complete the application in around 10 minutes.
How can I check the status of my application?
To do this, simply call (02) 4926 1428.
Can I get a card for an additional cardholder?
You can ask for an additional card for any individual who is over 18 years of age. This additional card links to your primary account, and you remain liable to repay all charges made using the additional card.
What is the minimum credit limit and can I ask for an increase?
The minimum credit limit of the HBCF Visa Credit Card is $1,000. You can ask Nova Credit Union to increase your credit card’s limit temporarily or permanently, but there is no guaranty that it will agree to your request.
How can I make repayments?
You can set up automatic repayments through a Nova Credit Union savings or transaction account, and you can also use the online or phone banking service. You can transfer funds electronically using just about any Australian savings or access account, and you also have the option of mailing in cheques.
Is the interest rate for purchases the same as the cash advance interest rate?
No, the cash advance interest rate is more than the purchase interest rate.
What do I do if I lose my card?
To report a lost or stolen HBCF Visa Credit Card during business hours you should call Nova Credit Union on (02) 4926 1428. Outside business hours you should call the Visa hotline on 1800 621 199. If you make an after hour call to Visa make sure you call Nova Credit Union at a later time to request for a replacement card.
Can I cancel my account?
You can close your credit card account by submitting a written request, and even after the account closes you remain liable to repay any outstanding amount listed on your account before the account’s closure.