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Health Professionals Bank Credit Card

Save money with an ongoing $0 annual fee and low interest rate on purchases.

The Health Professionals Bank Credit Card gives you a way to cut your credit card costs with a $0 annual fee for the life of the card. It also offers an introductory interest rate of 7.9% p.a. for the first 6 months on purchases and balance transfers.

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Amy Bradney-George
Last Updated

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Details

Product NameHealth Professionals Bank Credit Card
Balance transfer rate7.9% p.a. for 6 months
Purchase rate7.9% p.a. for 6 months, reverts to 11.5% p.a.
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate11.5% p.a.
Min credit limit$1,000
Max credit limit$25,000
Card typeVisa
Foreign currency conversion fee2.9%
Available to temporary residentsNo
Joint applicationNo

Pros

  • 7.9% p.a. for 6 months on purchases and balance transfers
  • Ongoing $0 annual fee
  • Up to 55 days interest-free on purchases

Cons

  • No rewards program and insurance covers
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment3% of the closing balance outstanding
Late payment fee$10
Foreign currency conversion fee2.9%
Cash advance fee$4.50
Overseas ATM withdrawal fee$4.50

How to apply

You can apply for the Health Professionals Bank Credit Card online by filling in a secure application form. To get started, make sure you meet the following eligibility requirements and have all the documents and details you need to complete the application.

Eligibility criteria

  • Membership. You'll need to pay for a one-time membership fee of $10 in order to become a shareholder of the Health Professionals Bank.
  • Age. You must be at least 18 years of age.

Card benefits

  • $0 annual fee. The Health Professionals Bank Credit Card does not charge an annual fee for the life of the card.
  • Low introductory rate. Save with a 7.9% interest rate on purchases and balance transfers for the first 6 months. Any remaining balance at the end of the introductory period will revert to the variable interest rate of 11.5% p.a.

Rates & fees

  • Interest rates. Outside of any promotions, this card charges a variable interest rate of 11.5% p.a. on purchases and balance transfers.
  • Up to 55 interest-free days. Get up to 55 days interest-free on purchases when you pay the closing balance in full by the due date on each statement.

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Health Professionals Bank Credit Card is no-frills credit card that is suited to people who want to keep their account costs down. As well as an ongoing $0 annual fee, you'll also get a 7.9% interest rate for the first 6 months.

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