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Hume Value Visa Credit Card

Sally McMullen
Sally McMullen
Last updated:  

Cut credit card costs with no annual fee and a low 11.95% p.a. interest rate on purchases.

The Hume Value Visa credit card is a convenient and low cost line of credit. You’ll pay no annual fee for life and can save with a competitive purchase interest rate plus up to 55 interest-free days on purchases. You can also request additional cardholders for no extra fee and shop online safely with Verified by Visa.

11.95% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

Details

Product NameHume Value Visa
Purchase rate (p.a.)11.95% p.a.
Annual fee$0 p.a.
Interest free period55 days
Cash advance rate (p.a.)19.95% p.a.
Min credit limit$500
Max credit limit$20,000
Card typeVisa
Foreign currency conversion fee (Visa/Mastercard)2.85%
Complimentary travel insuranceNo
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationYes

Pros

  • $0 annual fee
  • Low purchase rate of 11.95% p.a.
  • Up to 55 days interest-free on purchases

Cons

  • Charges a 2.85% foreign transaction fee
Annual fee$0 p.a.
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$20
Foreign currency conversion fee (Visa/Mastercard)2.85%
Additional cardholder fee$0

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Hume Value Visa credit card is one of the few products that couples $0 annual fee with a low purchase interest rate. There are some cards that boast even lower interest rates, but these cards usually charge an annual fee. You can apply for a credit limit of up to $20,000, which is modest compared to some cards but on par with other low cost products.

How to apply

You can apply for the Hume Value Visa online in 15 minutes. Before you get started, make sure you meet the eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • No annual fee. This card has a $0 annual fee for life.
  • Low purchase interest rate. Your purchases will attract a low purchase interest rate of 11.95% p.a.

Rates & fees

  • Available credit limits. You can request a credit limit starting from $500 and up to $20,000. The credit limit you're approved for will depend on your credit history and financial situation.
  • Interest-free days. You can take advantage of up to 55 interest-free days on purchases when you pay your balance in full by the statement due date.

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