Northern Inland Credit Union Low Rate Visa

Save money with a balance transfer offer, no annual fee and a low ongoing variable interest rate.

The Northern Inland Credit Union Low Rate Visa offers a competitive interest rate of 8.99% p.a. (variable) for both purchases and cash advances. If you have existing credit card debt from another provider, you can also take advantage of on balance transfers for the first 12 months. At the end of the promotional period, the standard variable interest rate will apply to any remaining debt from the transfer.

Product NameNorthern Inland Credit Union Low Rate Visa Credit Card
Balance transfer rate (p.a.)0% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (8.99% p.a.)
Purchase rate (p.a.)8.99% p.a.
Annual fee$0 p.a.
Cash advance rate (p.a.)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.
Card TypeVisa
Minimum Age18 years of age
Available To Temporary ResidentsNo
Credit Rating RequirementGood
Annual fee$0 p.a.
Minimum Monthly Repayment2% of the outstanding balance or $20 (whichever is greater)
Late Payment Fee$15
Cash Advance Fee$2.50
Overseas Cash Advance FeeUS $175
Overseas ATM Withdrawal Fee$2
Foreign Currency Conversion Fee
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 the transaction value
per transaction

Review of the Northern Inland Credit Union Low Rate Visa

This credit card is designed to help you save on rates and fees. As well as offering a competitive standard variable rate for purchases, cash advances and balance transfers, it has a $0 annual fee for life.

Unlike most credit cards, the Northern Inland Credit Union Low Rate Visa has no interest-free days, so the rate of 8.99% p.a. applies from the date you use the card. This makes it important to think about what your goals are.

For example, if you usually pay off your credit card in full by the due date on your statements, a card that offers interest-free days could provide more savings. But if you pay off your credit card over a few months, or if you have existing debt you want to deal with, the low rate available on this card could help you save money in the long run.

Features and benefits of the Northern Inland Credit Union Low Rate Visa

This card’s standout features include:

  • balance transfer offer. Request a balance transfer to this card and you can enjoy on the debt for the first 12 months. This offer is available on non-Northern Inland cards only, up to the limit of (subject to lending criteria and approval). At the end of the balance transfer period, the standard variable rate of 8.99% p.a. applies to any remaining debt.
  • $0 annual fee. While most credit cards charge an annual fee, the Northern Inland Credit Union Low Rate does not.
  • Competitive interest rate. This card offers the same standard variable rate for purchases and cash advances, currently 8.99% p.a.
  • Visa benefits. Enjoy tap-and-go payments with Visa payWave functionality and access exclusive event and lifestyle offers through Visa Entertainment.

Rates and fees of the Northern Inland Credit Union Low Rate Visa

Take note of the following charges when considering the Northern Inland Low Rate Visa:

  • Interest charges. Interest is calculated daily and charged monthly, with no interest-free days available. This means the standard variable interest rate of 8.99% p.a. applies from the date a transaction is made on this card.
  • Cash advances. This card has a cash advance fee of $2.50 and a daily withdrawal limit of $2,000. Northern Inland also reserves the right to withdraw, extend or vary this offer.
  • Minimum monthly repayments. This card has a minimum repayment of 2%.
  • Billing date. With this card, the billing date for your statements is the 15th of each month.
  • Currency conversion fee. A fee worth 3% of the transaction value applies when you use your card overseas.

How to apply

You can apply for the Northern Inland Credit Union Low Rate Visa online by completing an enquiry form. To speed up the process, make sure you are eligible to apply and have all the following details and documents on hand.

Eligibility criteria checklist

  • How old are you? You must be at least 18 years old to apply.
  • Are you an Australian citizen? You must be an Australian citizen or permanent Australian resident.

Information and documents you’ll need

  • Personal details. This includes your full name, date of birth, phone number, email address and residential address. You’ll also need identification, such as your driver’s licence.
  • Employment details. This includes your current job, salary and employer’s contact details. Northern Inland also requires at least three recent payslips or a letter from your employer that states your role, your regular hours and earnings and how long you have worked there.
  • Financial details. You also need to provide statements for any other income (such as Centrelink benefits), six months worth of home loan, personal loan and savings account statements and one month of credit card statements.
  • Balance transfer details. If you want to apply for the balance transfer offer with this card, you’ll need to include account details for the credit card or cards you have with other financial institutions, as well as the amount of debt you want transferred.

The Northern Inland Credit Union Low Rate Visa combines low-cost features with a simple account structure that is designed to help save money on credit card costs. But with no interest-free days, it’s important to compare this card to other low rate and balance transfer products so you can find the right one for your needs.

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Credit Cards Comparison

Rates last updated February 25th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
American Express Velocity Escape Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Receive a bonus 12,500 Velocity Points, pay a $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to, enjoy a 0% BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$99 p.a.
Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 28 February 2018.
Westpac Low Rate - Online Offer
13.49% p.a.
0% p.a. for 30 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Take advantage of 0% p.a. for 30 months on balance transfers with a 2% balance transfer fee when you apply online by 28 February 2018.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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