Orange Credit Union offers two MasterCard alternatives - one rewards spending and the other comes with a low interest rate.
Types of credit cards Orange Credit Union offers
Orange Credit Union offers two MyCard alternatives from MasterCard and both these cards give cardholders worldwide access to funds.
The Orange Credit Union MyCard Low Rate MasterCard and MyCard Platinum MasterCard are no longer available for new applications as these credit cards are no longer available to new customers. The credit cards cannot be applied for, however, the information on this page has been kept for the benefit of existing customers and for those who are interested.
Low rate credit cards
Low rate credit cards are ideal for individuals who are looking for cost-effective cards and don’t want reward points. The Low Rate MasterCard you can get through Orange Credit Union comes with a low ongoing rate and offers as many as 55 interest free days on purchases. If you wish to use this card for balance transfers you can avail of a discounted balance transfer rate.
Platinum credit cards
If you’re looking forward to earning and redeeming reward points, and if you travel from time to time, a platinum card may be ideal for you. Not only does the Platinum MasterCard come linked to a rewards program, it also offers complimentary travel insurances. Cardholders get an introductory rate on balance transfers and purchases.
Benefits of getting a credit card from Orange Credit Union
As with other credit unions, banking with Orange Credit Union brings with it competitive interest rates, reduced fees, and personalised service. Benefits of getting a credit card through this credit union include the following.
Discounted annual fee
Apply in time and you can keep paying a discounted annual fee for as long as you keep using your card. This applies for, both, low rate and platinum cards.
Introductory interest rate
The Low Rate MasterCard offers a discounted interest rate for nine months on balance transfers. The Platinum MasterCard offers a interest rate for months, on balance transfers as well as purchases.
Both these cards offer protection through purchase cover insurance and guaranteed pricing scheme. The platinum card offers complimentary covers for travellers in the form of international travel insurance, interstate flight inconvenience insurance, and transit accident insurance.
The platinum card gives you round-the-clock access to a platinum concierge service that can help in different circumstances. It can help you locate restaurants and make reservations; it can book tickets to sporting events, live shows, and movies; it can help you with your travel plans; and you can also turn to it for secretarial services.
You can use both these cards to transfer balances from existing credit or store cards, and since both come with introductory interest rate offers you can save you money in the form of interest. You can transfer balances up to 80% of your credit limit.
How to apply for an Orange Credit Union credit card
Applying for an Orange Credit Card is fairly straightforward. To download an application, simply click on the ‘Go to Site’ button next to the card of your choice. Once you complete the application you can send it across via mail or fax, or you can drop it at the Orange Credit Union office. Before you move forward with the application ensure that you meet the following eligibility criteria.
- You are a permanent resident of Australia
- You are at least 18 years old
- You have good credit history
- You earn at least $25,000 p.a. to apply for the low rate card and at least $35,000 p.a. to apply for the platinum card
Completing the application requires you to submit with different types of information, so prepare to part the following.
- Personal details. Provide your complete name, date of birth, residential address, phone number, email address, marital status, and number of dependants.
- Work details. These include details of who you work for, including your employer’s name, phone number, and address. You also have to mention your employment status.
- Income. Provide information of income from all sources.
- Expenses. Provide details about how much you spend on a monthly basis, and include everyday expenses, utility bills, travel expenses, child support payments, and the likes.
- Assets. These include savings, investments, real estate property, household contents, and vehicles.
- Liabilities. This section requires detailed information about existing loans, credit cards, store cards, lines of credits, and overdrafts.
As part of the application process you have to submit certain documents, which can include the following.
- Employed individuals should provide the last three payslips
- Self-employed individuals should submit profit and loss statements along with tax returns for the last two years
- Copy of rental statement
- Last six months statements for all existing loans
- Latest statements for credit and store cards
What happens next after you apply?
If Orange Credit Union requires more information after reviewing your application, an Orange Credit Union rep gets in touch with you. Part of the process is the lender making an income verification call to your employer. If you’re not an Orange Credit Union member you’ll have to become member in order to receive your card. You’ll also have to undergo an identity verification process, which is a legal requirement.Back to top
Frequently asked questions
A number of questions appear commonly when it comes to Orange Credit Union credit cards and here are answers to the same.
Can I apply for an Orange Credit Union credit card online?
While you can’t apply for an Orange Credit Union credit card online you can download an application from its website.
How much time does it take to complete the application?
With all the required information close at hand you can complete the application in around 10 minutes.
What repayment options do I have?
You can use an Orange savings or access account or just about any Australian bank account to make payments via online or phone banking, and you can also set up direct debits. You can make payments by cheque as well.
What is the credit limit?
The minimum credit limit of the low rate card is $2,000, and it changes to $6,000 for the platinum card. Maximum limit at the time of initial approval for the low rate card is $15,000, and it increases to $30,000 for the platinum card.
Can I apply for an increase in credit limit?
While you can apply for an increase in your card’s limit, you have to meet certain criteria for approval.
What happens to the interest rate at the end of the promotional period?
With the low rate card, any outstanding balance from balance transfers starts attracting the card’s cash advance rate. This remains the same for the platinum card, and outstanding balances from purchases start attracting the card’s purchase rate.
Does the reward program attract a fee?
No, membership to the rewards program comes free with the Platinum MasterCard.
How do I earn reward points?
You earn reward points when you use your Platinum MasterCard to make purchases, be it in-store, online, or over the phone. Every dollar spent earns 1.25 reward points.
How do I find out how many points I have?
Your credit card statement tells you how many reward points you’ve managed to accumulate. You can also find out how many points you have by visiting the Card Services website or by calling Card Services on 1300 135 538.
Do reward points expire?
Your reward points won’t expire as long as you keep using your card and keep your account in good standing.
How many reward points can I earn?
The platinum card allows you to earn 100,000 reward points in every 12 months cycle, which begins from the time you enrol into the program.
How do I redeem my points?
Visit the Card Services website to redeem your reward points, and you can also do so by calling 1300 135 538.
What can I get for my reward points?
You can use your reward points to book flight tickets through the Take Flight option. You can also get travel vouchers and store vouchers or choose from a wide variety of merchandise. Another option is to transfer your reward points to a frequent flyer program.
What do I do if I lose my card?
If you want to report a lost or stolen MasterCard you should call the toll free hotline on 1800 648 027.