McGrath Pink Visa Credit Card review

Save on card costs with an introductory 4.99% interest rate for 8 months when you apply by 28 February 2018.

The McGrath Pink Visa Credit Card is suited to cardholders who want to keep their costs low with a competitive interest rate and annual fee. Plus, half of your annual fee will be donated to the McGrath Foundation each year. If you pay your balance in full by the end of the statement period, you can make use of as many as 55 interest-free days on purchases.

Product NameMcGrath Pink Visa
Balance transfer rate (p.a.)4.99% p.a. for 8 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (8.99% p.a.)
Purchase rate (p.a.)4.99% p.a. for 8 months (reverts to 8.99% p.a.)
Offer end date28 February 2018
Annual fee$40 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.)4.99% p.a. for 8 months (reverts to 8.99% 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
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Minimum Monthly Repayment3% or $20 (whichever is greater)
Card TypeVisa
Late Payment Fee$25
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.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
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
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Annual Fee$40 p.a.
Minimum Repayment3% or $20 (whichever is greater)
Late Payment Fee$25
Over Limit Fee$30
Cash Advance Fee$5
Overseas Cash Advance Fee$5
Overseas Emergency Replacement$175
Overseas ATM Withdrawal Fee$5
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.
3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes

Pros

  • This credit card features a low introductory rate of 4.99% p.a. for 8 months on purchases, balance transfers and cash advances.
  • A low annual fee of $40 applies.
  • Enjoy up to 55 days interest-free on purchases when you pay the closing balance in full off each statement cycle.

Cons

  • A low interest rate credit card usually comes without a rewards program.

McGrath Pink Visa Credit Card review

The McGrath Pink Visa Credit Card is best suited for individuals who’re looking for a basic no-frills credit card. Although the card has a competitive standard interest rate on purchases, you can save even further if you take advantage of the low promotional purchase rate if you apply by 28 February 2018. The card also has a nominal annual fee and half of your fee is donated to the McGrath Foundation each year.

Benefits of the McGrath Pink Visa Credit Card

Using a McGrath Pink Visa Credit Card comes with a number of benefits including:

  • Introductory purchase rate. If you apply by 28 February 2018, you can take advantage of a low interest rate of 4.99% p.a. for the first 8 months. After this introductory period, the standard interest rate will apply. Please note that this offer is only available to new applicants.
  • Low ongoing rate. At the end of the introductory offer, your purchases will collect an interest rate of 8.99% p.a.
  • Contribute to a good cause. Half of your card’s annual fee is donated to the McGrath Foundation. The foundation uses this money in the placement of McGrath Breast Care Nurses who work in supporting women with breast cancer as well as their families.

McGrath Pink Visa Credit Card features

If you’re considering applying for the McGrath Pink Visa Credit Card, here’s what you can expect from the card:

  • Annual fee. This card attracts an ongoing annual fee of $40, and half of this ($20) goes to the McGrath Foundation on your behalf.
  • Competitive rates. The low ongoing rate of 8.99% p.a. that this card charges is amongst the lowest you can find, and the fact that the same low rate applies on cash advances is a definite plus.
  • Additional cardholders. You can apply for an additional card linked to your primary card without an additional fee.
  • Interest-free days. By paying your account’s outstanding balance in full every month you can make use of up to 55 interest-free days on purchases.
  • Visa payWave. This feature enables you to use your card to make contactless payments for purchases less than $100.
  • Visa Zero Liability. As long as you use your card responsibly, you don’t have to worry about paying for fraudulent transactions made using your card owing to the Visa Zero Liability policy.

How to apply for the McGrath Pink Visa Card

Community First Credit Union issues these cards, so you can apply by visiting any Community First service centre, and you can also apply online and over the phone. To apply online, start by visiting the McGrath Pink Visa website, but only after making sure you meet the following eligibility criteria:

Eligibility criteria

  • You are over 18 years of age
  • You are an Australian citizen or permanent resident
  • You have a good credit history

Required documents

  • Personal details like your name, date of birth, marital status, and number of dependents
  • Your residential status, residential address, email address, and phone number
  • Your employment status along with your employer’s name and contact details
  • Details of your income, expenses, assets, and liabilities

The McGrath Pink Visa offers competitive interest rates and fees for cardholders who want to keep costs low. You can also spend with peace of mind knowing that half of your annual fee is being donated to a worthy cause. As this isn't the only low rate credit card on the market, you should still compare a few options before applying.

Frequently asked questions

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    57 Responses

    1. Default Gravatar
      leahAugust 9, 2016

      how do become a member ? in order to apply for a McGrath Pink visa card.
      how do I get an application for the credit card ?
      thanks

      • Staff
        AnndyAugust 9, 2016Staff

        Hi Leah,

        Thanks for your comment.
        Please refer to the above page for a list of eligibility criteria as well as requirements to apply for McGrath Pink Visa Credit Card.
        I’ve also sent you an email with a link to the application page for this credit card.

        Cheers,
        Anndy

    2. Default Gravatar
      lynneApril 9, 2016

      please send an application

      • Staff
        YsaApril 11, 2016Staff

        Hi Lynne,

        Thank you for coming through finder.com.au.

        Please note that our offer with McGrath Pink Visa Credit Card has been paused but we will hopefully be looking to re-active the offer in the near future.

        However, you may wish to submit your application directly to the McGrath’s official website.

        I’ve emailed you a link to the page for your convenience.

        I hope this helps.

        Cheers,
        Ysa

    3. Default Gravatar
      janeOctober 23, 2015

      Would you please send me an application form?

      • Default Gravatar
        MajellaNovember 8, 2015

        I want to apply for one of your low rate credit cards.

      • Staff
        AllyNovember 9, 2015Staff

        Hi Majella,

        Thanks for your inquiry.

        Please note that finder.com.au is an online comparison service and is not a product issuer.

        However, you may refer to this page for the different low rate credit card options.

        To apply, simply click on the “Go to site” button of your preferred card.

        I hope this has helped.

        Cheers,
        Ally

      • Staff
        SallyOctober 23, 2015Staff

        Hi Jane,

        Thanks for your comment.

        I’ve emailed you the link to the online application.

        I hope this has helped.

        Thanks,

        Sally

    4. Default Gravatar
      SharronOctober 22, 2015

      How do I apply for the McGrath Pink Visa Credit Card ?

      • Staff
        JonathanOctober 23, 2015Staff

        Hi Sharron, thanks for your inquiry!

        To apply for this card please refer to the bank link I have sent to your email.

        Cheers,

        Jonathan

    5. Default Gravatar
      DeidreSeptember 13, 2015

      Will community first take applications from retired pensioners?

      • Staff
        SallySeptember 14, 2015Staff

        Hi Deidre,

        Thanks for your inquiry!

        The Community First Credit Union/ McGrath does not have a specific income requirement. You should be eligible to apply if you are an Australian citizen or permanent resident, not bankrupt and you don’t have a history of outstanding credit defaults.

        You may like to refer to the contact details I have sent to your email for further inquiries into your application eligibility and options.

        I hope this has helped.

        Thanks,

        Sally

    6. Default Gravatar
      terrenceAugust 17, 2015

      Could I please have an application form? I currently have one with Westpac for 8,000 but only want one for 5,000.

      • Staff
        SallyAugust 17, 2015Staff

        Hi Terrence,

        Thanks for your inquiry.

        I’ve emailed you a link to the McGrath Pink Visa application page. If you’ve compared your options and wish to apply for the card, you’ll just need to click on the pink ‘Apply Now’ page listed on the provided page. If you’re referring to another card, please feel free to follow up with us and we’ll do our best to assist you.

        I hope this helps.

        Thanks,

        Sally

    7. Default Gravatar
      michaelAugust 15, 2015

      would like a form for credit card

      • Staff
        JonathanAugust 17, 2015Staff

        Hi Michael, thanks for your inquiry!

        Please refer to the link I have sent to your email for the McGrath Pink Visa application.

        Cheers,

        Jonathan

    8. Default Gravatar
      KENNYAugust 14, 2015

      Can you sent me a application form please?

      • Staff
        JonathanAugust 17, 2015Staff

        Hi Kenny,

        Thanks for your inquiry.

        Please refer to the link that I have sent to your email address for the McGrath Pink Visa application form.

        I hope this has helped.

        Cheers,

        Jonathan

    9. Default Gravatar
      GavinJuly 21, 2015

      Can I transfer to McGrath Visa c/c from a Commonwealth c/c?

      • Staff
        JonathanJuly 21, 2015Staff

        Hi Gavin, thanks for your inquiry!

        Balance transfers from Commonwealth Bank to McGrath Pink Visa are eligible providing you meet the application requirements.

        Cheers,

        Jonathan

    10. Default Gravatar
      TaniaJuly 6, 2015

      Could you please send me a link to the application form

      • Staff
        SallyJuly 6, 2015Staff

        Hi Tania,

        Thanks for your comment.

        I’ll send you a link to the application form via email.

        Thanks,

        Sally

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