Who else wants a credit card that charges 0% p.a. on balance transfers for 6 months along with a low ongoing rate?
The CU SA Visa Credit Card is a basic low rate credit card, and it charges the same low rate on purchases as well as cash advances.
If you use this card for balance transfers you can keep paying 0% p.a. interest for the first 6 months. You can also get up to 55 interest-free days on purchases. This card attracts a nominal annual fee.
| Product Name | Credit Union SA Visa Credit card |
|---|---|
| Balance transfer rate (p.a.) | 0% p.a. for 6 months |
| Balance Transfer Revert Rate The interest rate after the balance transfer ends. | Purchase Rate (10.49% p.a.) |
| Purchase rate (p.a.) | 10.49% p.a. |
| Annual fee | $39 p.a. |
| Interest Free Period The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 10.49% p.a. |
| Min credit limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $1,000 |
| Minimum Monthly Repayment | 2% or $10 whichever is greater |
| Card Type | Visa |
| Late Payment Fee | $10 |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| Available To Temporary Residents | No |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | No |
| Credit Rating Requirement Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here. | Good |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $1,000 |
| Annual Fee | $39 p.a. |
|---|---|
| Minimum Repayment | 2% or $10 whichever is greater |
| Late Payment Fee | $10 |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Australia Post | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
Credit Union SA Visa Credit Card review
If you’re looking for a credit card with a special offer on balance transfers, this credit card definitely requires your attention, primarily because transferred balances on this card attract no interest for the first 6 months. Its low ongoing rate, which is the same for purchases and cash advances, can also lead to noticeable savings in the long run. Plus, you get all the protection that Visa has to offer.
Benefits of the Credit Union SA Visa Credit Card
Balance transfer offer
You can use the Credit Union SA Visa Credit Card to transfer balances from other credit cards, where you don’t have to pay any interest on transferred balances for the first 6 months. At the end of this period, any outstanding balance starts attracting the card’s low ongoing rate.
Low rate
There are a number of low rate credit cards that charge a considerably higher interest rate for cash advances, but such is not the case with this card. Its existing standard low rate of 10.49% p.a. applies to purchases and cash advances alike.
Visa Entertainment
This service gives cardholders access to a range of exclusive entertainment offers, experiences, competitions, and even pre-sale tickets.
Credit Union SA Visa Credit Card Features
- Annual fee. This card attracts a nominal annual fee of $39.
- Balance transfer offer. Use this card to transfer balances from existing cards, and take advantage of a special balance transfer rate that stays in place for 6 months.
- Interest-free days. If you pay the closing balance on your statement in full before the given due date every month, you can get up to 55 interest-free days on purchases.
- Additional cardholders. You can get Credit Union SA to issue an additional card to any individual you nominate, as long as the individual is over 18 years of age.
- Credit limit. The minimum credit limit of the Credit Union SA Visa Credit Card is $1,000, with the limit assigned to your card depending on your ability to make repayments.
- Minimal fees. This low rate card keeps fees to a minimum as well, as you don’t have to pay any fees for applying for the card, cash advances, direct debits, or domestic and overseas ATM withdrawals.
- Balance sweep. Using this feature you can automatically pay your account’s outstanding balance in full each month.
- Card security. This card makes use of microchip technology that offers more protection against fraud in comparison to magnetic strip cards. A 24/7 fraud monitoring service is in place to detect any suspicious activity.
- Visa benefits. This technology enables you to use this card to make contactless payments for purchases under $100 — all you have to do is look for the payWave symbol. Verified by Visa and Visa’s Zero Liability Policy provide cardholders peace of mind when spending online.
How to apply for the CU SA Visa Credit Card
Existing members can use Credit Union SA’s internet banking platform. Alternatively, you can download an application through their website, you can get started over the phone, or you can visit any Credit Union SA branch.
Eligibility criteria
- You are over 18 years of age.
- You are a permanent resident of Australia.
Required documents
- Personal information. You must provide your complete name, date of birth, residential address, phone number, marital status, and number of dependants
- Employment. This would include your employer’s name and contact details, your occupation, and your income.
- Financial details. You must provide details about your assets and liabilities
Given its low ongoing rate and balance transfer offer, getting the Credit Union SA Visa credit card can be a good idea, but make sure you take some time to compare it with similar offerings before applying.
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