SCU Low Rate Visa Credit Card

Enjoy a 10.49% variable interest rate with the SCU Low Rate Visa.

This credit card also offers a competitive annual fee of $30 and mobile payments through Apple Pay, Google Pay and Samsung Pay.

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10.49% p.a.

Purchase rate

$30 p.a.

Annual fee

55 days

Interest free period

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Product NameSydney Mutual Bank Low Rate Visa Credit Card
Purchase rate10.49% p.a.
Annual fee$30
Interest-free periodUp to 55 days on purchases
Cash advance rate10.49% p.a.
Card typeVisa
Foreign currency conversion fee2%
Available to temporary residentsNo
Joint applicationNo


  • A low interest rate of 10.49% p.a. on purchases, cash advances and balance transfers
  • Up to 55 days interest-free on purchases


  • Charges a 2% foreign transaction fee
Bonus pointsN/A
Annual fee$30
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Late payment fee$15
Foreign currency conversion fee2%
Cash advance fee$1.75
Overseas cash advance fee4%
Overseas ATM withdrawal fee$4
Additional cardholder fee$0

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The SCU Low Rate Visa is a low-cost, simple credit card that gives you a 10.49% p.a. variable interest rate for purchases, cash advances and balance transfers. As a Visa credit card, you also get access to exclusive travel, dining, entertainment and shopping offers through Visa Offers + Perks – with current promotions listed on the Visa website.

How to apply

You can apply for the SCU Low Rate Visa credit card online by filling out a secure application form. Get started now by making sure you meet the eligibility requirements and have all the documents and details you need to complete the application.

Eligibility criteria

  • Income. You must have a regular, permanent income.
  • Residency status. You can apply for this card if you are an Australian permanent resident or citizen.

Card benefits

  • Same interest rate for all spending. The low 10.49% p.a. variable interest rate applies to your purchases, balance transfers and cash advances. This can make it easier for you to estimate interest costs and budget for repayments.
  • Visa Offers + Perks. Get access to exclusive discounts and deals on travel, shopping, dining and entertainment all around the world with this benefit from Visa.

Rates & fees

  • Annual fee. The $30 annual fee on this card is competitive with other low rate and low fee options. This fee is waived if you are an SCU member with a My Life Home Loan.
  • Cash advances. A fee of $4 per transaction applies to ATM cash advances made with this card. If you request a Visa cash advance at an SCU branch, a lower cash advance fee of $1.75 applies. Note that cash advance transactions attract interest from the time they are made.

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