Get a credit card that supports women with breast cancer and make use of a low interest rate offer on purchases, balance transfers and cash advances.
The McGrath Pink Visa Credit Card charges a low introductory offer of 3.99% for 6 months that applies on purchases, balance transfers, and cash advances alike. It attracts a nominal ongoing annual fee, half of which goes to the McGrath Foundation. If you use this card in the right manner, you can make use of as many as 55 interest-free days on purchases.
| Product Name | McGrath Pink Visa |
|---|---|
| Balance transfer rate (p.a.) | 3.99% p.a. for 6 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.) | 3.99% p.a. for 6 months (reverts to 8.99% p.a.) |
| 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.) | 3.99% p.a. for 6 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 Repayment | 3% or $20 (whichever is greater) |
| Card Type | Visa |
| 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 Insurance | No |
| Available To Temporary Residents | Yes - Conditions apply |
| Joint Application | No |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | Yes - 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 Repayment | 3% or $20 (whichever is greater) |
| Late Payment Fee | $25 |
| Over Limit Fee | $0 |
| Cash Advance Fee | $5 |
| Overseas Cash Advance Fee | $5 |
| Overseas Emergency Replacement | $175 |
| Overseas ATM Balance check | $5 |
| 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 Allowed | No |
| Additional Cardholder Fee | $0 p.a. |
| BPAY | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
Pros
- This credit credit card with a low interest rate of 8.99% p.a., which applies to 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 basic no-frills credit cards. Since this card does not offer extras like rewards and insurance covers, it manages to charge a low interest rate which is the same for all transactions. You can use this card to transfer balances from existing cards, and this can save you a considerable sum in the form of interest.
This card’s promotional interest rate offer makes it all the more desirable, and the fact that it offers up to 55 interest-free days on purchases certainly helps. The annual fee this card charges is nominal, and you can take heart in knowing that half of this fee goes to the McGrath Foundation.
Benefits of the McGrath Pink Visa Credit Card
Using a McGrath Pink Visa Credit Card comes with a number of benefits including:
- Promotional rate. New card customers enjoy a promotional interest rate offer, where all transactions that include purchases, cash advances, and balance transfers, attract 3.99% p.a. interest for the first 6 months. Using it for balance transfers, as a result, can lead to noticeable savings in the first 6 months, especially if your existing credit card charges high interest.
- Low ongoing rate. Once the promotional period ends any outstanding balance starts attracting the card’s low rate of 8.99% p.a. This rate applies on all kinds of future transactions as well. This is a definite plus because most credit cards charge rather high interest on cash advances.
- Contribute to a good cause. Half of your card’s annual fee goes towards 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
If you’re looking for a low rate credit card the McGrath Pink Visa Card definitely requires your attention, not only because of its promotional rate offer, but also because of its standard ongoing rate. To establish if this is the best card for you take a little time to compare it with similar offerings, and apply only after you’re sure.
Frequently asked questions
Do I have to be a Community First Member to get a McGrath Visa Credit Card?
Yes, and applying for membership requires that you follow a straightforward process.
When should I apply for a balance transfer if I wish to make use of the promotional rate?
You should do this when a Community First representative contacts you to tell you about your application’s pre-approval.
What credit limit can I get?
The minimum and maximum credit limits of this card stand at $1,000 and $15,000, respectively. Your card’s credit limit depends on information you provide through your application.
How can I make repayments?
You can make repayments via payroll deduction, direct debit, credit card transfers, online and phone banking, BPAY, and mail.
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
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
please send an application
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
Would you please send me an application form?
I want to apply for one of your low rate credit cards.
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
Hi Jane,
Thanks for your comment.
I’ve emailed you the link to the online application.
I hope this has helped.
Thanks,
Sally
How do I apply for the McGrath Pink Visa Credit Card ?
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
Will community first take applications from retired pensioners?
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
Could I please have an application form? I currently have one with Westpac for 8,000 but only want one for 5,000.
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
would like a form for credit card
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
Can you sent me a application form please?
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
Can I transfer to McGrath Visa c/c from a Commonwealth c/c?
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
Could you please send me a link to the application form
Hi Tania,
Thanks for your comment.
I’ll send you a link to the application form via email.
Thanks,
Sally