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Get a low rate of 13.45% p.a. and a $0 annual fee with the Woolworths Team Bank Visa Credit Card.

The Woolworths Team Bank Visa Credit Card offers you a mix of low-cost, simple features, with the same interest rate of 13.45% p.a. for purchases and cash advances, and an ongoing $0 annual fee. It also offers contactless payments at the checkout and through mobile phones or devices set up with Apple Pay, Google Pay or Samsung Pay.

You can use this card to pay with any business that accepts Visa cards and you can get the added protection of Visa Secure when you shop online at enrolled stores. While this card offers $0 annual fee, it doesn’t offer any introductory 0% p.a. interest period that could help you save on new purchases or balance transfers. If you’re interested in those types of deals, you can compare other low rate cards here to find one that works for you.

Pros

Ongoing $0 annual fee
Low ongoing 13.45% interest rate on purchases
Fee-free balance transfers
Compatible with Samsung Pay, Google Pay and Apple Pay

Cons

No rewards program and travel insurance

This low rate credit card from Woolworths Team Bank is available to anyone who works for a Woolworths Group Limited company, as well as family members. It charges $0 annual fee and offers the same low rate for purchases and cash advances.

You can also get up to 55 days interest-free on purchases if you pay off the total amount you owe by the due date on each statement.

Details

Product details

Product Name	Woolworths Team Bank Visa Credit Card
Purchase rate p.a.	13.45%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	13.45%
Min credit limit	$2,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0
Minimum monthly repayment	3% of the closing balance outstanding
Foreign currency conversion fee	2.5%
Cash advance fee	$1.50

How to apply

You can apply for the Woolworths Team Bank Visa Credit Card online or by completing a PDF application form and emailing it to loans@woolworthsteambank.com.au. To get started, make sure you meet the following eligibility criteria and have all the documents and details you'll need on hand.

Eligibility criteria

Woolworths Group Limited employee. You can only apply for this card if you work for a Woolworths Group Limited company or are a family member of someone employed by Woolworths Group Limited.
Age. You must be at least 18 years of age.

Required documents

Personal details. This includes your full name, date of birth, residential address, phone number and number of dependents. You also need to show a valid form of ID, such as your driver's licence or passport.
Employment details. As well as your salary, you need to share details of your current job title, length of employment and your employer's contact details. You may also be asked to submit recent payslips, bank statements or other documents that help verify these details.
Financial details. This includes any other forms of income, savings and other assets, as well as existing credit cards, loans and other debts. You also need to share details of your regular household expenses such as rent, mortgage payments, utility bills and grocery shopping.

Card benefits

Annual fee. This card has an ongoing $0 annual fee.
Low interest rate. The Woolworths Team Bank Visa charges a competitive 13.45% p.a. interest rate for all your transactions.

Contactless and mobile payments. You can tap to pay with this Visa credit card, or pay straight from your mobile device when you add it to your account with Apple Pay, Google Pay or Samsung Pay.
Visa benefits. As well as worldwide acceptance through the Visa network, you’ll get an extra layer of security online through Visa Secure. You can also take advantage of exclusive deals on shopping, travel, dining and entertainment through Visa Offers + Perks.
Interest-free days. If you pay the full amount listed on your statement by the due date, you’ll get up to 55 days interest-free on purchases. Learn more about how this credit card feature works in Finder’s guide.

Rates & fees

Cash advances. A fee of $1.50 is charged when you use this card to withdraw cash or make any other cash advance transactions. Note that cash advances will also be charged interest from the date they are added to your account.
Currency conversion fee. A 2.5% fee applies when you use this card to make a payment in a foreign currency.

Sources

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Woolworths Team Bank Visa Credit Card

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