Credit Union SA Visa Credit Card Review

Information verified correct on December 8th, 2016

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 NameCredit 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 Repayment2% or $10 whichever is greater
Card TypeVisa
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
Complimentary Travel Insurance Cover0 months
Available To Temporary ResidentsNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
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 Repayment2% 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
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

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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Credit Cards Comparison

Rates last updated December 8th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
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NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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