Important InformationThe UniCredit WA Mutual Banking Credit Union Mastercard is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.You can compare the current range of Credit Union credit cards here.
UniCredit (AW) began in 1964 in the University of Western Australia. They offer a wide range of financial services that include loans, insurance, financial planning services and international currency. In addition to all of these great services, UniCredit offers the MyCard Mastercard. The MyCard Mastercard offers its users a very competitive credit card that is great for everyday use. It has flexible payment options as well as a great rewards program that allows you to turn your points into a number of different rewards. Let's review some of the features of this great card, to see how it will benefit you.
What Are The Rates & Charges?
The Mastercard is offered in both Silver and Gold. The annual fee for this card is $49. For this fee, you can add as many as 4 extra credit cards to your account. This is great if you want to add a card for your spouse or even for your child.
If you currently have any unpaid or outstanding credit cards, you can take advantage of this card's promotional balance transfer rate. A balance transfer is a great way to minimise or even completely pay off your outstanding credit cards. You can transfer your unpaid balances and pay them off at this great interest rate. This will allow you to pay your balance faster as their is much less interest to pay.
In addition to this, you can benefit from 55 interest free days on your retail purchases. If you sometimes have trouble making your payments on time, these extra days will allow you to have more flexibility with your payments and will save you money on interest.
What Kind Of Rewards Are There?
There are a lot of great rewards that are offered with this card. If you decide to choose the Gold card, then you can convert your reward points into Qantas reward points! For an $118 annual fee, all of your points will automatically get transferred over to your Qantas Frequent Flyer account, which will occur every month on your statement date.
For the regular rewards, you will be able to earn 1 reward for each $1.00 that you spend on your card. Your reward points can then be redeemed for the following:
- Cashback - which can be used to either lower your balance or can be put towards paying the annual fee of your card
- Vouchers - which can be for a number of stores, including Myer, Harvey Norman and David Jones
- Electronics - this includes gadgets such as cameras, mobile phones and iPods
- Gifts - there are a huge range of gifts for you to choose from, these could be subscriptions, wine or even books.
Is This Credit Card Right For Me?
In order to properly answer that question, you need to evaluate your financial situation. If you can afford the fees and if the rates are favourable, then this card is a great card - especially given the rewards that it offers. It is very important to properly research all of your options when it comes to finding your next credit card.