Qudos Bank are a new look mutual banking institution with new look credit cards to match
Comparison of Qudos Bank Credit Cards
Types of Qudos Bank Credit Cards
Low rate credit cards
The Qudos Bank Lifestyle Credit Card is the credit union’s low rate product. Low rate credit cards typically charge an annual fee. The Lifestyle Credit Card combines the features of a no annual fee credit and a low purchase rate credit card. The Visa credit card has a minimum credit limit of $1,000, which makes it ideal if you’re a low income earner. If you’re out of work or on Centrelink, you’ll need to look at other low rate credit cards, you must be in paid work to be eligible for the Qudos Bank Lifestyle Credit Card.
No annual fee credit cards
The Qudos Bank Lifestyle Plus Credit Card is a no annual fee credit card. The ongoing standard variable rate is 15.85%p.a, which is a little higher than the credit union’s basic credit card offering, but only a little. Like the other cards from this institution, the Lifestyle Plus gives you the same 4.99% for 5 months introductory interest rate promotion. You can transfer your existing credit card balance to this card when you apply to join Qudos Bank so you can save money on interest repayments and pay down your balance. This introductory rate also applies to purchases and cash advances. Other features include up to 46 days interest free, free additional cardholder and contactless Visa payments. Other no annual fee credit cards offer rewards, waive international transaction fees and some even give you cashback, be sure to compare credit cards with no annual fee to find the right card to suit your needs.
Platinum credit cards
The Qudos Bank Visa Platinum Credit Card is the only credit card from the credit union that rewards you Qantas Points for eligible purchases. It has an annual fee in line with other frequent flyer credit cards, but is a standout in terms of the Qantas Points earn rate for everyday eligible purchases. You get 1 point for every dollar spent and 2 points per dollar spent on Qantas services and products. There are only a couple of products with a comparable earn rate and even fewer with a similar annual fee. However, Qudos Bank don’t give sign-up bonus points for the Visa Platinum, which is often a common feature of many platinum cards.
Benefits of Qudos Bank credit cards
Qantas Points
The Qudos Bank Visa Platinum Credit Card rewards you with 1 Qantas Point for every dollar spent on eligible purchases and 2 Qantas Points per dollar spent on Qantas products and services. The frequent flyer credit card does come with an annual fee of $195, this is average for a Qantas frequent flyer credit card. Other than the Qudos Visa Platinum, there are only a few Qantas frequent flyer credit cards with an earn rate of 1 : 1 for everyday purchases.
Free Qantas Frequent Flyer membership
Qudos Bank is linked with Qantas, complimentary Qantas Frequent Flyer membership is an included benefit for Qudos Bank Visa Platinum cardholders. The frequent flyer program usually costs $89.50 to join.
Visa Platinum entertainment.
This Visa perk gives pre-sale tickets on the hottest shows in town. Pick the best seat for sporting, musical, theatre events and more.
Mobile banking: Qudos Bank Active
Apple and Android compatible, QActive lets you view your credit card balances, check your Qantas Points and make payments. If you just have a Qudos credit card and no other accounts, this is a handy way to check your balance on the fly.
Payment security: Qsafe
Qsafe is a SMS payment security feature. You need to enter a SMS code to make a new online payment from your credit card account or update your details
How to apply for Qudos Bank credit cards
Qudos have a simple online application platform you can use to securely apply for a credit card. The application process takes less than 15 minutes to complete and you’ll need to provide proof of identification and information about your finances. You can choose your credit limit when you start the application, but Qudos Bank will determine your approved credit limit based on your financial situation.
Before you apply, make sure you meet the following eligibility requirements and have the required documents handy:
Eligibility criteria
- Age. You must be 18 years or older to apply for a Qudos Bank credit card.
- Residency. You must be an Australian citizen or permanent resident.
- Credit limit. You must not have been declared bankrupt.
- Minimum credit limit. Qudos Bank do not list a minimum income requirement. They do say you must be in paid employment and you also must earn enough to service the product’s minimum credit limit.
Required documents
- Identification. You can verify your identity online using your driver’s licence, medicare card or your passport.
- Financial information. You’re required to enter information about your finances and employment status. Enter your employer’s contact information and list details about any assets you own, the value of the asset and a description. You’ll need to do the same for any of your ongoing expenses.
What happens next?
If you didn’t complete the online identity check, a Qudos Bank consultant will be in touch to discuss the steps to verify your identity with the mutual bank. When the online application is complete, you’ll get an email from Qudos Bank letting you know when you can get your card.
Back to topFrequently asked questions
How do I register for online banking with Qudos Bank?
To register your Qudos Bank credit card for online banking, call the Qudos Bank Member Service Centre (1300 747 747) and you will be issued with a password.
How can I transfer my credit card debt to a Qudos Bank credit card?
The balance transfer feature is available to all new Qudos Bank credit card applicants. Enter information about your existing credit card(s) when prompted in the online application. The credit card balances (up to your Qudos Bank credit card limit) are transferred to your new account and are charged at the introductory rate for the entire period. At the end of the introductory period, the standard variable rate is charged on anything you haven’t paid back.
How do I activate the complimentary international travel insurance?
The Qudos Bank Visa Platinum credit card offers complimentary international travel insurance in conjunction with Allianz Australia Insurance Limited. You are covered by the insurance when you pay for at least 50% of your prepaid overseas travel expenses using your Visa Platinum credit card, like purchasing travel tickets or accommodation. Spouses and dependent children are also covered if their prepaid travel expenses have also been purchased with the card and they’re travelling with the primary cardholder for the duration of the trip. Note that the cover doesn’t apply until you leave Australia.
How do I get interest-free days on my credit card?
Check the list of card features to see whether your Qudos Bank credit card gives you ‘up to’ a certain number of days interest-free. If it does, you can make interest-free purchases as long as you pay your account in full by the due date shown on your credit card statement.
What’s an eligible purchase?
If you have a Qudos Bank Visa Platinum credit card, you can get rewarded with Qantas Points when you make an eligible purchase. Think of an eligible purchase as your day-to-day credit card transactions, buying groceries, petrol or paying for a coffee — that type of transaction. An ineligible purchase is a cash equivalent transaction. This is when you make an ATM withdrawal, pay credit card fees and charges, and when you pay some bills.
How can I make a repayment to my Qudos Bank credit card?
Qudos Bank have a limited number of branches compared to other banks. There are branches at airports and also a select number of locations in certain states, but there are more ways to bank than at a branch. Pay your credit card at an Australia Post retail outlet through Bank@Post or manage your account online or over the phone.
The ways to bank with Qudos Bank include:
- Online banking
- Phone banking
- Mobile banking
At a Qudos Bank branch
- SMS banking
- Make a payment using BPAY – The BPAY biller code for Qudos Bank Credit Cards is 91389 and the customer reference number is your credit card account number.
- At Australia Post retail outlets using Bank@Post. Visit Australia Post to withdraw or deposit funds into your accounts (including cheques), pay bills and access money order services.
How can I get an additional Qudos Bank credit card for a family member?
If you would like to get a second card issued on your account, you can add an additional cardholder to your account when you apply for the credit card. Alternatively, you can download, complete and return an additional cardholder application form available on the Qudos Bank website.
Additional cardholders must be over the age of 18 and the primary cardholder (you) will be liable for all transactions made on the account. The credit limit is shared between cards, but each card has a unique card number and PIN so you can easily identify spending for each card when you view your statement. If you want to cancel an additional card, you need to let Qudos Bank know in writing.
