SCU Low Rate Visa Credit Card

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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.

10.49% p.a.

Purchase rate

$30 p.a.

Annual fee

55 days

Interest free period

Details

Product NameSCU Low Rate Visa Credit Card
Purchase Rate10.49% p.a.
Annual Fee$30
Interest Free Period55 days
Cash Advance Rate10.49% p.a.
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)2% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

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

Cons

  • Charges a 2% of transaction value foreign transaction fee
Annual Fee$30
Minimum Monthly Repayment2.5% of the closing balance or $20, whichever is greater
Late Payment Fee$25
Foreign Currency Conversion Fee (Visa/Mastercard)2% of transaction value
Cash Advance Fee$1.75
Overseas Cash Advance Fee4%
Overseas ATM Withdrawal Fee$3
Additional Cardholder Fee$0

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

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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