The Mutual Visa Credit Card

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Get a low, ongoing interest rate on purchases and a competitive annual fee of $49.

The Mutual Visa Credit Card has a competitive purchase rate of 12.49% p.a. and offers up to 55 interest-free days on purchases. It also offers all members with a home loan with The Mutual a $0 annual fee.

12.49% p.a.

Balance transfer rate

12.49% p.a.

Purchase rate

$49 p.a.

Annual fee

55 days

Interest free period

Details

Product NameThe Mutual Visa Credit Card
Balance transfer rate12.49% p.a.
Balance Transfer Revert RateCash Advance Rate (19.99% p.a.)
Balance Transfer Limit100% of available balance
Purchase rate (p.a.)12.49% p.a.
Annual fee$49 p.a.
Interest Free Period55 days
Cash Advance Rate19.99% p.a.
Minimum Credit Limit$500
Maximum Credit Limit$20,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • A low 12.49% p.a. interest rate on purchases
  • A competitive ongoing annual fee of $49 and no annual fee for members with a home loan with The Mutual
  • Up to 55 days interest-free on purchases when you pay your card's closing balance by the due date on each statement

Cons

  • Charges a 3% of transaction value foreign transaction fee
Annual fee$49 p.a.
Minimum Monthly Repayment3% of the closing balance or $25, whichever is greater
Late Payment Fee$10
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Additional Cardholder Fee$0
Number of Additional Cardholders1

Benefits of The Mutual Visa Credit Card

  • Low interest rate on purchases. This card's purchase rate of 12.49% p.a. is very competitive with those offered on other low rate credit cards.
  • Interest-free days. The Mutual Visa Credit Card offers up to 55 interest-free days on purchases when you pay your card's closing balance by the due date on each statement.
  • No annual fee for members. All members who have a home loan with The Mutual will save with no annual fee.

Rates & Fees of The Mutual Visa Credit Card

  • Annual fee. The annual fee for this card is $49.
  • Cash advances. The 19.99% p.a. cash advance interest rate will apply to transactions from the time it is made.
  • Additional cardholders. You can add $0 additional card linked to your primary account for free. Additional cardholders should be at least 18 years old.

How to apply for The Mutual Visa Credit Card

If you've compared your options and decided you want to apply for this card, you can make an enquiry online. Make sure you meet the eligibility criteria and that you have all the documents and details you'll need ready to go.

Eligibility criteria

  • You are over 18 years of age
  • You have good creditworthiness

Required documents

  • Identification documents such as your Australian driver's license, passport, or Medicare card
  • Your employer's name, phone number, and address
  • Details about your income and expenses
  • Details about your assets and liabilities
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