Quay Credit Union Visa Credit Card Review

Information verified correct on December 10th, 2016

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.

How to apply for the Quay Credit Union Visa Credit Card

Applying for the Quay Credit Union Credit Card online is easy, and should take no more than 15 to 20 minutes.

Eligibility Criteria

  • You’re over 18 years of age
  • You’re an Australian resident
  • You work more than 20 hours per week

Recommended Pages

  • Personal details
  • Proof of income from all sources
  • Information relating to your expenses
  • Details of liabilities like loans and credit cards
  • Details of assets like real estate, vehicles, investments, and savings

Applying for this cost effective no-frills card that comes with a balance transfer offer is an option for you to consider. Before you do, bear in mind that you can find other cards that provide similar features, so compare a few before you apply.

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8 Responses to Quay Credit Union Visa Credit Card Review

  1. Default Gravatar
    Annie | April 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
      Debbie | April 5, 2016

      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
    Dallas | February 21, 2016

    Can I transfer money from one credit card to Quay.

    • Staff
      Jonathan | February 22, 2016

      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
    Neale | September 9, 2015

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

    • Staff
      Sally | September 10, 2015

      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
    Graham | June 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
      Jonathan | June 22, 2015

      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

Credit Cards Comparison

Rates last updated December 10th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. 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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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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