Quay Credit Union Visa Credit Card Review

Pay a low rate on balance transfers for the first 6 months, with a low interest rate on purchases and cash advances and don’t pay any annual fee for the first year.

The Quay Credit Union Visa Credit Card charges an introductory rate on balance transfers for the first 6 months, and this card also charges a low ongoing rate. If you use your card right you can get up to 55 interest-free days on purchases. Start your savings off in the first year where you don’t have to pay any annual fee.

From 1 September 2016, Quay Credit Union will merge with G&C Mutual Bank. Quay Credit Union will no longer offer new products and all existing customers will become members of G&C Mutual Bank. The information on this page has been kept for the benefit of existing customers and for those who are interested.

Please visit our Low Rate Credit Card comparison guide for more options.

Quay Credit Union Visa Credit Card review

This credit card provided by Quay Credit Union lets you save considerably by transferring balances from other cards and making use of the introductory rate on balance transfers. Otherwise, this card charges a low standard rate, which is the same for purchases and cash advances, and this can lead to long term savings. This card also gives cardholders access to a number of exclusive entertainment offers through Visa Entertainment service.

Benefits of the Quay Credit Union Visa Credit Card

  • Balance transfer offer. If you have outstanding balances on existing cards, you can consider transferring your debt to the Visa card. Transferred balances attract a low rate of 0% p.a. for 6 months, and at the end of this period any outstanding balance starts attracting the card’s standard rate.
  • Low rate. This card charges a standard low ongoing rate of 7.99% p.a. This rate applies to purchases and cash advances alike, and if you don’t pay your account’s balance in full each month, or if you use this card for cash advances, you can save considerably in the form of interest.
  • Annual fee offer. This card charges an annual fee of $36 p.a.
  • Visa Entertainment Service. Through this service, Visa cardholders get a range of exclusive online entertainment offers owing to Visa’s partnership with businesses like Sony, Disney, and Ticketek.
  • Easy access to funds. You can use this card wherever your travels might take you, given that Visa finds acceptance the world over. You simply have to look for the Visa logo. You can also use your Quay Credit Union Credit Card to pay bills and make purchases, over the phone and online.

Quay Credit Union Visa Credit Card features

  • Annual fee. The Quay Credit Union Credit Card has $0 annual fee for the first year, reverting to a fee of $36 every year after.
  • Balance transfer offer. You can look forward to paying a low balance transfer rate of 0% p.a. for the first 6 months when you use this card to transfer balances from existing cards. Transferred balances cannot exceed 95% of the approved credit limit.
  • Interest free days. To take advantage of up to 55 interest-free days on purchases you’re required to pay your account’s closing balance in full before each due date.
  • Credit limit. The minimum credit limit of this card is $2,000, and the maximum is $25,000. The limit assigned to your card takes into account your ability to repay.
  • Additional cardholders. You can get an additional card linked to your Quay Credit Union Visa card, as long as the additional cardholder is at least 18 years old. An additional card fee of $15 applies.
  • Payment methods. You can sign up for payroll deduction, or you can set up direct debits using a Quay Credit Union transaction or savings account. You can also transfer funds using telephone or internet banking and you can set up external transfers from other financial institutions.
  • Visa payWave. This technology allows you to simply wave your card alongside a secure payWave terminal to make payments of under $100.
Back to top
Was this content helpful to you? No  Yes

Related Posts

Qantas Premier Platinum
Qantas Premier Platinum

Interest rate

19.99

Annual fee

299
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

8 Responses

  1. Default Gravatar
    AnnieApril 1, 2016

    Hi, I’m currently receiving income protection due to illness and receive just under $3000 per month. I don’t pay rent as i live with parents. I own my car outright which is worth between $7-10k. Am i still eligible for a visa credit card?

    • Staff
      DebbieApril 5, 2016Staff

      Hi Annie,

      Thanks for your inquiry.
      Please note that you’ve come through finder.com.au, an online comparison service and not a credit card issuer such as Quay Credit Union.

      As long as you meet the eligibility requirements as listed on the page, you can apply for a Visa credit card. However, it is best to contact the credit card team directly from Quay Credit Union to verify. You can dial them at 1300 426 728.

      For comparison, you can check other Visa credit cards here.

      I hope this helps.

      Cheers,
      Debbie

  2. Default Gravatar
    DallasFebruary 21, 2016

    Can I transfer money from one credit card to Quay.

    • Staff
      JonathanFebruary 22, 2016Staff

      Hi Dallas, thanks for your inquiry!

      Unfortunately transferring a cash advance amount from one credit card to another is not permitted. You may like to consider balance transfer offers which allow you to transfer an existing credit card debt to a new credit card with lower interest.

      Cheers,

      Jonathan

  3. Default Gravatar
    NealeSeptember 9, 2015

    Does your credit card offer frequent flyer points with Velocity/Virgin?

    • Staff
      SallySeptember 10, 2015Staff

      Hi Neale,

      Thanks for you inquiry.

      Please note that you have come through finder.com.au, not Quay Credit Union.

      However, we can confirm that Quay Credit Union Visa Credit Card does not offer Velocity Frequent Flyer Points.

      I hope this has helped.

      Cheers,

      Sally

  4. Default Gravatar
    GrahamJune 21, 2015

    Hi I would like to enquire about your Credit Card of 7.99% as I don’t work as my Wife and I are both Pensioners and I am my Wife’s Carer.

    However we have an excellent credit rating with ANZ and always pay on time which can be easily proved

    Would like to hear back from you regards qualifying for your card.

    Yours Sincerely

    Graham

    • Staff
      JonathanJune 22, 2015Staff

      Hi Graham, thanks for your inquiry!

      The application criteria for this credit card are as follows:
      You’re over 18 years of age
      You’re an Australian resident
      You work more than 20 hours per week

      In regards to the employment requirement of 20hours and being a personal carer, it would be best to contact Quay Credit Union directly to discuss your options and eligibility. Please refer to the contact details I have sent to your email.

      I hope this helps,

      Jonathan

Ask a question