Holiday Coast Light Visa Credit Card

Save on credit card costs with a competitive purchase rate and low annual fee on this no-frills Visa credit card.

The Holiday Coast Light Visa credit card is a low annual fee and low purchase rate credit card. It also features a 0% p.a. balance transfer promotion for the first 6 months the account is open. In addition to these features, the Holiday Coast Light Visa has a minimum credit limit of $1,000 which could be ideal if you’re looking for a low fee credit card and you’re on a low income.

Product NameHoliday Coast Credit Union Light 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.
Cash Advance Rate (18.99% p.a.)
Purchase rate (p.a.)11.99% p.a.
Annual fee$25 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.)18.99% 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 Repayment2.5% of the closing balance or $20, whichever is greater
Card TypeVisa
Late Payment Fee$9
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.
2.5% of transaction value
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$25 p.a.
Minimum Repayment2.5% of the closing balance or $20, whichever is greater
Late Payment Fee$9
Over Limit Fee$9
Overseas Emergency Replacement$300
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.
2.5% of transaction value

Save on credit card costs with a competitive purchase rate and low annual fee on this no-frills Visa credit card.

The Holiday Coast Light Visa credit card is a low annual fee and low purchase rate credit card. It also features a 0% p.a. balance transfer promotion for the first 6 months the account is open. In addition to these features, the Holiday Coast Light Visa has a minimum credit limit of $1,000 which could be ideal if you’re looking for a low fee credit card and you’re on a low income.

Holiday Coast Light Visa credit card review

The Holiday Coast Light Visa credit card is designed to be an affordable credit option, with a low ongoing purchase rate and annual fee. It also offers interest-free days for new purchases if you pay off the balance in full by the due date on every statement.

The cash advance rate for this card is a touch below the rest of the market at 18.99% p.a. (variable). But it’s still significantly higher than the purchase rate (11.99% p.a.) and high enough to make cash advances an expensive transaction. The balance transfer rate of 0% p.a. for 6 months is another money saving feature of the Light Visa credit card, giving you the chance to save money on interest for any existing debts you transfer to this card.

Benefits of the Holiday Coast Light Visa credit card

  • Interest-free balance transfers for 6 months. You can transfer your credit card debt to the Holiday Coast Light Visa credit card and pay 0% p.a. interest for the first 6 months the account is open. You can use up to 80% of your approved credit limit for a balance transfer. At the end of the balance transfer period, any unpaid balance will accrue interest at the cash advance rate.
  • Low purchase interest rate. Pay just 11.99% p.a. interest when you use the Holiday Coast Light Visa credit card to make purchases.
  • Up to 55 days interest-free. Holiday Coast gives you up to 55 days interest-free when you pay your Light Visa credit card balance in full by the statement due date each month.
  • Low annual fee. The Holiday Coast Light Visa has an annual fee of $25 p.a. This fee is charged on the anniversary from when the account is opened. If paying an annual fee is something you want to avoid, you may also want to consider a range of no annual fee credit cards with similar balance transfer offers.

Features of the Holiday Coast Light Visa credit card

  • Cash advance rate. Cash advance transactions such as ATM withdrawals accrue interest at 18.99% p.a. (variable).
  • Minimum repayments. Holiday Coast Credit Union requires a minimum repayment of 2.5%.
  • Late payment fee. If you don’t make the minimum monthly repayment by the statement due date the credit union charges a $9 late payment fee.
  • Low credit limit. The Holiday Coast Light Visa credit card has a minimum credit limit of $1,000. This means you can apply for this credit card if you’re a low income earner. You can choose a specific credit limit or apply for the maximum credit limit available when you apply for the Light Visa credit card.
  • Internet banking. View your recent transactions, available credit limit and statement information by registering for Horizon Credit Union Internet banking.
  • Visa credit card. You can use the Holiday Coast Light Visa credit card at shops and ATMs all over the world, wherever Visa is accepted.
  • Visa Entertainment. Get first choice on tickets to sporting, musical and cultural events with Visa Entertainment.
  • Visa payWave. Make tap and go purchases up to the value of $100 in seconds using Visa payWave.
  • Visa zero liability guarantee. The Visa Zero Liability Policy protects your account against unauthorised transactions, covering the cost if fraud occurs.

How to apply for the Holiday Coast Light Visa credit card

You can complete your application for the Holiday Coast Visa credit card in less than 15 minutes by clicking the “Go to site” button. You will then be redirected to a secure application page. Enter your personal and contact information, your financials and submit identification to complete the application for this credit card.

Eligibility requirements

Before you apply, make sure that you meet the following eligibility criteria:

    • Age. You must be 18 years or older.
    • Residency. You must be an Australian citizen or a permanent Australian resident.
    • Credit history. You must not currently be bankrupt or insolvent. If you have been discharged from bankruptcy but you still have a negative listing on your credit file you can apply for this credit card.
    • Minimum income. You must be able to service the $1,000 minimum credit limit for this credit card and you must be working or retired with a regular income to apply for the Holiday Coast Light Visa credit card.

Required documents

You’ll need to provide this information to receive approval:

      • Identification. You need to verify your identity with Holiday Coast when you apply for the Light Visa. You can complete this step online by entering a NSW photo card number, driver’s licence number, current passport number or foreign passport or driver’s licence.
      • Financial information. Enter your employer’s contact information, your net income and details about income from other assets. You’re also required to list your monthly expenses and any liabilities.

The Holiday Coast Light Visa is a basic Visa credit card. It’s low on fees, but it doesn’t include any extras. We have a number of credit cards in our comparison that are low on fees and have long-term introductory offers that you may also want to consider. You can also ask us a question below if you need help with your comparison.

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