Defence Bank Foundation Credit Card

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.

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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 rate p.a.3.99% for 6 months
Balance transfer revert rateCash Advance Rate (8.99% p.a.)
Purchase rate p.a.3.99% for 6 months, reverts to 8.99%
Annual fee$45
Interest-free periodUp to 55 days on purchases
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
Bonus pointsN/A
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

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Defence Bank Foundation 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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