Are you looking for a credit union that offers a low rate or platinum MasterCard? Well, Pulse Credit Union does.
Comparison of Pulse Credit Union Credit Cards
Types of credit cards that Pulse Credit Union offers
Pulse Credit Union offers two MyCard MasterCard alternatives from which to choose, and these are cards meant especially for credit union members across Australia.
Low rate credit cards
If you’re not someone who uses rewards you should consider getting a low rate card, one that offers a low interest rate. The Low Rate MyCard MasterCard gives you the ability to use your card just about anywhere in the world, at EFTPOS terminals and at ATMs. You can get up to 55 interest free days on purchases, you can apply for additional cards, and you get complimentary purchase cover.
Platinum credit cards
Platinum cards tend to come with some kind of a rewards program which rewards you in accordance to how much you spend. In addition to offering cardholders the ability to earn and redeem reward points, the Platinum MyCard MasterCard comes with various complimentary insurance covers suited for frequent travellers. This card also gives cardholders access to a round-the-clock concierge service. When used in the right manner, you can avail of up to 55 interest free days on purchases.
Benefits of Pulse Credit Union credit cards
Banking with a credit union comes with a number of benefits, and getting a credit card through Pulse Credit Union is no different. Here’s what you can look forward to when you use the low rate or platinum MasterCard.
Complimentary insurance covers
If you use a low rate MasterCard you get additional peace of mind through its guaranteed pricing scheme and purchase cover insurance. The platinum credit card also offers these, as well as extended warranty insurance, interstate flight insurance, international travel insurance, and transit accident insurance.
Both these credit cards come with multiple layers of security to ensure you have a secure shopping experience. They make use of chip technology, which is a considerable step up when compared to cards that still rely on magnetic strips. Fraudshield is in place to detect irregular transactions, and should one occur, you receive a phone call on your registered phone number immediately.
This service allows you to set up direct debits using any Australian bank account, and this takes away the hassle of having to remember making repayments each month.
When you log in to your MyCard MasterCard account online you can access My Offers which gives you numerous offers from which to choose. These can include credit card upgrades, credit limit increases, and balance transfer offers.
Free card replacement
You can look forward to a free replacement card in the event of a damaged, lost, or stolen card.
How to apply for a Pulse Credit Union credit card?
You can apply for a Pulse Credit Union credit card by visiting any of its branches or begin the process over the phone. To apply through the Pulse Credit Union website simply click on the ‘Go to Site’ button next to details of the credit card you choose. You have to meet the following eligibility criteria for the credit card provider to consider your application.
- You’re aged over 18 years
- You’re a permanent resident of Australia
- You don’t have bad credit history
Completing the application requires that you provide different kinds of information, which includes the following.
- Personal details. These include your name, contact details, driver’s license number, marital status, and number of dependents.
- Employment details. Provide details about your occupation, industry, and employment status, along with your employer’s name and contact details.
- Financial information. This includes information surrounding your income, expenses, assets, and liabilities, and this information remains subject to verification. Income refers to income from all sources; expenses include living expenses and any other recurrent expenses; assets can include real estate, vehicles, and investments; and liabilities comprise all your existing loans, credit cards, store cards, and overdrafts.
Along with your application you have to provide proof of income, assets, and debts, so prepare to part with the following.
- Copies of last two payslips and a letter from your employer that confirms your income and employment status
- Self-employed individuals should provide profit and loss statements along with tax returns for the last two years
- Recent rent receipts or home loan statements
- Recent statements of other existing debts
- Copies of existing home and auto insurance policies
If the credit card provider requires any additional information after reviewing your application you can expect a phone call. Your employer’s payroll department receives an income verification call as part of the process. If you’re not a Pulse Credit Union member you have to become one in order to receive your card. New members have to go through a legally mandated identity verification process.
Frequently asked questions
Here are answers to questions that people commonly ask about Pulse Credit Union credit cards, and you can use the form at the end of the page to leave a question.
How long does the application take to complete?
With all the information close at hand you can complete the application process in a matter of minutes. You can save your application at any stage and access it later.
Can I find out about my application’s status?
To check the status of your application you can visit the Card Services website or call 1300 135 538.
Can I apply for an additional card?
You can get as many as four additional cards linked to the primary account, and when the primary card is a platinum card even the additional cards earn reward points.
What credit limits do these cards offer?
The low rate card comes with a minimum limit of $2,000, and its maximum limit is $15,000. The platinum card offers minimum and maximum limits of $6,000 and $30,000, respectively.
Can I apply for an increase in credit limit?
You can apply for an increase in your card’s limit but to qualify you have to meet certain credit criteria.
How can I make repayments?
You can set up auto repayments using just about any Australian bank account, and you can make payments via online and phone banking. You can mail in a cheque, you can pay via BPAY, or you can pay at an Australian Post office.
How do I earn reward points?
You earn reward points when you use your Platinum MasterCard to make over-the-counter, online, or over-the-phone purchases, and every dollar you spend earns 1.25 reward points. Your reward points accumulate in your Card Services Rewards Program account.
Do reward points expire?
Your reward points don’t expire as long as your account remains active and in good standing.
Is there a cap on the number of reward points I can earn?
With the platinum card you can earn as many as 100,000 reward points in every 12 months cycle, which begins from the date you enrol into the program.
How can I redeem my reward points?
One way is to visit the Card Services website, and you can also redeem your reward points by calling Call Services on 1300 135 538.
What can I redeem my reward points towards?
You can redeem your rewards points for travel rewards, which include flight tickets and holiday vouchers. You can also get shopping vouchers for stores like David Jones, Myers, Bunnings, and Target. Another option is to use your reward points in the form of cashback, to pay your annual fee or reduce your outstanding balance.
What should I do to report a lost or stolen card?
To report a lost or stolen card from within Australia you should call 1300 135 538 24, and from overseas you should call +61 7 3310 6020.