Woolworths Team Bank Visa Credit Card

Get a low rate of 13.45% p.a. and a low annual fee with the Woolworths Team Bank Visa Credit Card.

This low rate credit card from Woolworths Team Bank is available to anyone who works for a Woolworths Group Limited company, as well as family members. It charges a $25 annual fee and offers the same low rate for purchases and cash advances.

You can also get up to 55 days interest-free on purchases if you pay off the total amount you owe by the due date on each statement.

No reviews yet. Write a review

Amy Bradney-George

Last Updated Nov 17, 2020

13.45% p.a.

Purchase rate

$25 p.a.

Annual fee

55 days

Interest free period

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	Woolworths Team Bank Visa Credit Card
Purchase rate	13.45% p.a.
Annual fee	$25
Interest-free period	Up to 55 days on purchases
Cash advance rate	13.45% p.a.
Min credit limit	$2,000
Card type	Visa
Foreign currency conversion fee	2.5%

Available to temporary residents	No
Joint application	No

Pros

Low ongoing 13.45% p.a. interest rate on purchases
Fee-free balance transfers
Compatible with Samsung Pay, Google Pay and Apple Pay

Cons

No rewards program and travel insurance

Bonus points	N/A

Annual fee	$25
Minimum monthly repayment	3% of the closing balance outstanding
Foreign currency conversion fee	2.5%
Cash advance fee	$1.50

Review by

Amy Bradney-George

amy.bradney-george@finder.com

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 Woolworths Team Bank Visa Credit Card offers you a mix of low-cost, simple features, with the same interest rate of 13.45% p.a. for purchases and cash advances. It also offers contactless payments at the checkout and through mobile phones or devices set up with Apple Pay, Google Pay or Samsung Pay.

You can use this card to pay with any business that accepts Visa cards and you can get the added protection of Visa Secure when you shop online at enrolled stores. While the $25 annual fee on this card is low, it doesn’t offer any introductory 0% p.a. interest period that could help you save on new purchases or balance transfers. If you’re interested in those types of deals, you can compare other low rate cards here to find one that works for you.

How to apply

You can apply for the Woolworths Team Bank Visa Credit Card online or by completing a PDF application form and emailing it to loans@woolworthsteambank.com.au. To get started, make sure you meet the following eligibility criteria and have all the documents and details you'll need on hand.

Eligibility criteria

Woolworths Group Limited employee. You can only apply for this card if you work for a Woolworths Group Limited company or are a family member of someone employed by Woolworths Group Limited.
Age. You must be at least 18 years of age.

Required documents

Personal details. This includes your full name, date of birth, residential address, phone number and number of dependents. You also need to show a valid form of ID, such as your driver's licence or passport.
Employment details. As well as your salary, you need to share details of your current job title, length of employment and your employer's contact details. You may also be asked to submit recent payslips, bank statements or other documents that help verify these details.
Financial details. This includes any other forms of income, savings and other assets, as well as existing credit cards, loans and other debts. You also need to share details of your regular household expenses such as rent, mortgage payments, utility bills and grocery shopping.

Card benefits

Low interest rate. The Woolworths Team Bank Visa charges a competitive 13.45% p.a. interest rate for all your transactions.
Contactless and mobile payments. You can tap to pay with this Visa credit card, or pay straight from your mobile device when you add it to your account with Apple Pay, Google Pay or Samsung Pay.

Visa benefits. As well as worldwide acceptance through the Visa network, you’ll get an extra layer of security online through Visa Secure. You can also take advantage of exclusive deals on shopping, travel, dining and entertainment through Visa Offers + Perks.
Interest-free days. If you pay the full amount listed on your statement by the due date, you’ll get up to 55 days interest-free on purchases. Learn more about how this credit card feature works in Finder’s guide.

Rates & fees

Annual fee. The $25 annual fee on this card is competitive with other low rate and no-frills options.
Cash advances. A fee of $1.50 is charged when you use this card to withdraw cash or make any other cash advance transactions. Note that cash advances will also be charged interest from the date they are added to your account.

Currency conversion fee. A 2.5% fee applies when you use this card to make a payment in a foreign currency.

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

Card Types

Cards from

Credit Cards Tips

Balance Transfer Calculator

Woolworths Team Bank Visa Credit Card