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Defence Bank Foundation Credit Card

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As well as a low interest rate, the Defence Bank Foundation Credit Card donates half the annual fee to a charitable cause.

The Defence Bank Foundation Credit Card offers an introductory 3.99% p.a. interest rate for the first 6 months, which reverts to a low ongoing rate of 8.99% p.a.

3.99% p.a.

Balance transfer rate

for 6 months

3.99% p.a.

Purchase rate

for the first 6 months (reverts to 8.99% p.a.)

$45 p.a.

Annual fee

55 days

Interest free period

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Product NameDefence Bank Foundation Credit Card
Balance transfer rate3.99% p.a. for 6 months
Balance transfer revert rateCash Advance Rate (8.99% p.a.)
Purchase rate3.99% for 6 months, reverts to 8.99% p.a.
Annual fee$45
Interest-free period55 days
Cash advance rate8.99% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationYes


  • 3.99% interest for 6 months on purchases, balance transfers and cash advances
  • Half of the annual fee is donated to the Defence Bank Foundation
  • Additional cardholder at no extra cost


  • No rewards program and travel insurance
Annual fee$45
Minimum monthly repayment10% of the closing balance or $3, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Additional cardholder fee$0

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

The Defence Bank Foundation Visa Credit Card is one of the few cards that gives you a way to directly support a charitable cause – in this case, just by paying the $45 annual fee. Half of this yearly fee is donated to Defence Community Dogs, which is set up to help rescue dogs, veterans and people in correctional facilities (who assist in training the dogs).

How to apply

You can apply for the Defence Bank Foundation Credit Card online by filling in a secure application form that you'll find on the Defence Bank website or through Internet or mobile banking if you're already a member. To get started, make sure you meet the following eligibility requirements and have all the documents and details needed to complete the application.

Eligibility criteria

  • Australian residency status. You must be an Australian citizen or permanent resident.
  • Tax responsibilities. You won't be able to apply online if you have any overseas tax obligations. Instead, call Defence Bank on 1800 033 139 to discuss your options.

Card benefits

  • 3.99% p.a. for 6 months. This card offers an introductory interest rate of 3.99% p.a. for all transactions in the first 6 months from approval. At the end of the introductory period, the interest rate reverts to 8.99% p.a.
  • Support charity. Half of the $45 annual fee ($22.50) is donated to the Defence Bank Foundation, which uses all the funds it raises to run the Defence Community Dogs program. This program provides trained rescue dogs to veterans with medical conditions – including PTSD – and offers inmates at correctional centres the opportunity to help train the dogs. You can learn more about the program on the Defence Community Dogs website.

Rates & fees

  • Annual fee. This card's $45 annual fee is competitive with other low rate cards.
  • Ongoing interest rate. Outside of any promotions, this card has an interest rate of 8.99% p.a. for purchases and cash advances.

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