Nova CU HBCF Visa Credit Card – Rates & Fees

Information verified correct on April 29th, 2017

Get a credit card that charges a low ongoing rate, and supports the Hunter Breast Cancer Foundation.

The Nova CU HBCF Visa Credit Card is unique in a way, given that it donates your annual fee to the Hunter Breast Cancer Foundation. This card charges a low rate on purchases and a competitive rate on cash advances, and it also comes with a 0% p.a. balance transfer rate that stays in place for 6 months. If you use your card in the right way, you can get up to 55 interest-free days on purchases.

Product NameNova CU HBCF Visa Credit Card
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (11.99% p.a.)
Purchase rate (p.a.)11.99% p.a.
Annual fee$59 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.)16.99% 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.
Minimum Monthly Repayment3% or $5, whichever is greater
Minimum Income$30,000
Card TypeVisa
Late Payment Fee$10
Available To Temporary ResidentsNo
Minimum Income$30,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
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.
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.
Annual Fee$59 p.a.
Minimum Repayment3% or $5, whichever is greater
Late Payment Fee$10

Nova CU HBCF Visa Credit Card review

If you’re looking for a no-frills low rate card and also want to do your bit for charity, you can consider applying for this Visa credit card provided by Nova CU. You can use this card to transfer balances from existing cards with the knowledge that transferred balances don’t attract any interest for the first 6 months, and this can lead to significant savings in the form of interest. It’s low ongoing purchase rate is also worth mentioning.

Benefits of the Nova CU HBCF Visa Credit Card

  • Support the Hunter Breast Cancer Foundation. The entire annual fee you pay towards your card goes to the Hunter Breast Cancer Foundation, a non-profit organisation based in the Hunter, which raises money to provide information and support to people who suffer from breast cancer and their family members.
  • Balance transfer offer. This card charges 0% p.a. interest on balance transfers for the first 6 months, so if you use it to transfer balances from existing cards that charge high interest, you can save a tidy sum.
  • Low interest rate. This card charges a competitive ongoing purchase rate of 11.99% p.a., which can be particularly beneficial if you don’t pay your account’s closing balance in full every month. Its cash advance rate stands at a competitive 16.99% p.a.
  • Easy access to funds. You can find EFTPOS terminals and ATMs that accept Visa cards the world over, so you can look forward to using this card in just about any country you visit. You can also use this card to make purchases and pay bills, online and over the phone.

Nova CU HBCF Visa Credit Card features

  • Annual fee. While you have to pay an annual fee of $59, this entire amount goes to the Hunter Breast Cancer Foundation, so you, in a way, are making this donation to HBCF each year.
  • Interest-free days. By paying your card’s closing balance completely each month, you can get as many as 55 interest-free days on purchases.
  • Credit limit. The minimum credit limit of the Nova CU HBCF Visa Credit Card is $1,000, and the limit assigned to your card depends on your ability to repay.
  • Additional cards. You can get an additional card for any nominated individual, as long as the individual is over 18 years of age. You remain liable for all transactions made using the additional Visa card.
  • Card security. This microchip-enabled card is more effective against fraudulent use when compared to cards that rely on magnetic strips. Verified by Visa, an online program, is in place to monitor online card activity and prevent unauthorised usage.

How to apply for the Nova CU HBCF Visa Credit Card

You can apply for this credit card by downloading an application online, completing it, and sending it over by mail, fax, or email.

Eligibility criteria

  • You are at least 18 years old
  • You are a permanent Australian resident
  • You earn $30,000 or more
  • You are an existing Nova CU member or are willing to become one

Required documents

  • Your Australian passport, Medicare card, or driver’s licence
  • Two of your most recent payslips
  • Your most recent statements of existing liabilities like loans, credit cards, and overdrafts

If you’re self-employed you’ll have to provide personal tax returns and financial statements for the last two years as well as your accountant’s name and contact details.

While this Visa credit card comes with a balance transfer offer and a low ongoing rate on purchases, these are features you can find in other cards as well. As a result, it’s wise to compare this card with a few others before you think about applying.

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Credit Cards Comparison

Rates last updated April 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* 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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