Once 55 Day Card – Rate and Fees

Save money with 0% p.a. on balance transfers for the first 6 months, and interest-free shopping offers at participating retailers.

The Once 55 Day Visa Credit Card is designed to provide more flexible repayment options through a range of interest-free offers. When you use this card at a participating retailer, you can take advantage of special offers including up to 48 months interest-free. With other purchases, you can make use of up to 55 interest-free days. This card also comes with an introductory 0% p.a. balance transfer rate for 6 months and has an ongoing annual fee of $99.

Product NameOnce 55 Day card
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Purchase Rate (25.99% p.a.)
Purchase rate (p.a.) 25.99% p.a.
Annual fee$99 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)25.99% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
Card TypeVisa
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$99 p.a.
Minimum Monthly Repayment3% or $30 (whichever is greater)
Late Payment Fee$35
Cash Advance Fee$3.00 or 3% of the total cash advance amount, whichever is higher

Once 55 Day card review

The Once 55 Day card allows you to buy what you want now and pay it off over time while saving on interest charges. Once has partnered with an extensive range of retailers across Australia to offer up to 48 months interest-free for purchases made with this card. You can also enjoy up to 55 days interest-free for other purchases made on the card.

In addition to these features, the Once 55 Day card offers a promotional balance transfer rate of 0% p.a. for 6 months when you request a transfer at the time of your application. This Visa card also offers payWave functionality, allowing you to tap-and-go without entering a PIN for purchases under $100. It's also accepted by millions of retailers around the world, anywhere the Visa logo is displayed.

Benefits of the Once 55 Day card

The Once 55 Day Visa credit card comes with the following range of benefits:

  • Interest-free shopping. When you use your Once 55 Day card at participating retailers you can get as many as 48 interest-free months. You can also look forward to special offers periodically. The interest-free period and offers available vary from one store to another, and you can search for stores near you on the Once website. Partner stores are spread across categories including air conditioning, appliances, auto care, bedding, computers, education, fitness, home improvement, jewellery, music and solar solutions.
  • Balance transfer offer. If you request a balance transfer at the time of application, you can make use of a promotional 0% p.a. balance transfer rate for the first 6 months and save on interest.
  • Easy access to funds and account information. You can use this Visa card at ATM and EFTPOS terminals around the world. You can also use the card to make online and over-the-phone transactions, pay bills via BPAY, and for setting up direct debits. Once also offers Internet and phone banking services so you can access account-related information at any time.
  • Visa payWave and Tap2Pay. You can use this payWave-enabled card to make contactless payments of less than $100. If you have an Android device you can download the Tap2Pay app and then use your device to make payments, instead of your card.
  • Eligibility to Apple Pay. This feature lets you make secure purchases in stores, in apps and on the web with just the use of your iPhone and Apple Watch. Learn more how it works.
  • Card security. This card is microchip-protected, providing greater security against fraud when compared to magnetic strips. You can also add a layer of security to online transactions with Verified by Visa.

Once 55 Day card features

If you’re considering applying for this Visa credit card, take some time to go through the following features:

  • Annual fee. This card attracts an ongoing annual fee of $99 for as long as the account remains active.
  • Interest rates. This card has a variable purchase rate of 25.99% p.a. and a cash advance rate of 25.99% p.a. (variable).
  • Minimum credit limit. The minimum credit limit of this card is $1,000. Individual credit limits are subject to Once's lending criteria and approval.
  • ATM access. Cardholders don’t have to pay ATM fees when they use any ATM that is part of the rediATM network.
  • Cash advance fee. If you use your Once Visa credit card to withdraw cash or for any other "cash advance" transaction (such as gambling or purchasing foreign currency), you will be charged $3.00 or 3% of the total cash advance amount, whichever is higher.
  • Minimum payment. The minimum you must pay off this card each statement is 3%.
  • Late payment fee. If you don't pay at least the minimum required by the due date on your statement a fee of $35 will apply.

How to apply for the Once 55 Day card

Applying for the Once 55 Day Visa card is easy and takes only a few minutes online. Click on the "Go to Site" button to get started. Before you submit your application, check if you meet the following eligibility criteria.

Eligibility criteria

  • You must be at least 18 years old
  • You must be a permanent resident of Australia
  • You must earn at least $25,000 p.a.
  • You must have good credit history

Required documents

If you meet these requirements, you can go ahead with your application. To speed up the process, make sure you have the following documents and details handy.

  • Personal information. This includes your full name, residential address, email address, phone number and driver's licence number, your marital status and details of any dependents in your household.
  • Employment details. This includes the name and address of your employer, your position, the amount of time you have worked there and your salary.
  • Financial information. This includes any other income (such as from shares) and assets such as property or savings accounts. You'll also be required to provide information on any liabilities, such as existing debts, mortgages, and day-to-day expenses.

After submitting your application, you should get a quick response with the outcome. A Once representative will also be in touch if further information is required. If you're approved, you should receive your card in the mail and can activate it by calling 13 6623 or by logging in to Once Online Access and following the prompts.

While most credit cards offer up to a certain number of interest-free days for each statement period, the Once 55 Day Visa goes one step further by providing access to a range of retailers that offer up to 48 months interest-free. But with a high variable interest rate and an annual fee, it's worth comparing this card to others so you can make sure your choose an option that's right for your circumstances and needs.

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Credit Cards Comparison

Rates last updated August 21st, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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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