Woolworths Team Bank Visa Credit Card review | Finder

Woolworths Team Bank Visa Credit Card

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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.

13.45% p.a.

Purchase rate

$25 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameWoolworths Team Bank Visa Credit Card
Purchase rate13.45% p.a.
Annual fee$25
Interest-free periodUp to 55 days on purchases
Cash advance rate13.45% p.a.
Min credit limit$2,000
Card typeVisa
Foreign currency conversion fee2.5%
Available to temporary residentsNo
Joint applicationNo

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 pointsN/A
Annual fee$25
Minimum monthly repayment3% of the closing balance outstanding
Foreign currency conversion fee2.5%
Cash advance fee$1.50

Expert review

Amy Bradney-George

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 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.

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.

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.

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.

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