The National Seniors Credit Card can be used anywhere Visa cards are accepted and offers Visa’s Zero Liability Policy to help protect you against fraudulent charges. It also offers up to 55 days interest-free on purchases if you pay your total account balance by the due date on each monthly statement.
- Balance transfer rate for 6 months with no balance transfer fee
- 4.99% p.a.
- Purchase rate
- 8.99% p.a.
- Annual fee
- $40 p.a.
- Interest-free on purchases
- Up to 55 days
Very low 8.99% p.a. variable interest rate on purchases
4.99% interest on balance transfers for 6 months
Up to 55 days interest-free on purchases
3% international transaction fee
No perks like rewards or complimentary insurance
|Product Name||National Seniors Credit Card|
|Balance transfer rate p.a.||4.99% for 6 months, then 8.99%|
|Purchase rate p.a.||8.99%|
|Interest-free period||Up to 55 days on purchases|
|Cash advance rate p.a.||8.99%|
|Min credit limit||$500|
|Max credit limit||$15,000|
|Minimum monthly repayment||3% of the closing balance or $20, whichever is greater|
|Late payment fee||$25|
|Foreign currency conversion fee||3%|
|Additional cardholder fee||$0|
|Number of additional cardholders||1|
How to apply
You can apply for the National Seniors Credit Card online by filling in a secure application form through the website. You can also enquire about the card by calling 1300 153 320.
Keep in mind that some documents relating to this card may refer to Community First Credit Union, as it issues the credit card on behalf of National Seniors Australia.
- Income. You must have a regular income.
- Australian residency status. You can apply for this card if you're an Australian permanent resident or citizen.
- Credit history. You must not be an undischarged bankrupt or have a history of credit defaults.
- Age. You must be at least 18 years of age.
- Personal details. This includes your full name, date of birth and contact details. You also need to provide details of your Australian driver's licence, passport or Medicare card for identification.
- Employment and income. You need to provide details of your current occupation, including your employment status and the number of years you've been in that position. You may also be asked for recent payslips, bank statements or ATO tax assessment notices to verify your regular income.
- Financial details. This covers any other forms of income, savings and assets, as well as existing credit accounts, debts and other regular expenses.
- Balance transfer offer. The National Seniors Credit Card offers an introductory 4.99% p.a. interest rate on balance transfers for the first 6 months. After that, the card's 8.99% p.a. standard variable interest rate applies to any remaining balance transfer amount. While there is no offer end date listed, it may be withdrawn at any time.
- Low rate. The 8.99% p.a. variable interest rate on this card is very competitive among low rate credit cards in Australia, which typically range from around 8% to 15%. This rate also applies to cash advances and balance transfers, outside of any promotions.
- Visa benefits. You can use this card in over 200 countries around the world through the Visa card network. As a Visa cardholder, you also get access to exclusive deals on travel, shopping, dining and entertainment through Visa Offers + Perks. Plus the security of Visa's Zero Liability Policy for fraudulent transactions.
Rates and fees
- Annual fee. The $40 annual fee is similar to other low rate credit cards. Half of the annual fee ($20) also goes towards supporting National Seniors.
- Interest-free days. This credit card offers up to 55 days interest-free on purchases when you pay off the total balance listed on your statement by the due date.
- Minimum credit limit. You can request a credit limit starting from $500 with this card, which is at the low end of the scale for credit cards and could help keep the account manageable.
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