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Bank Australia Visa Credit Card

3 reviews

Purchase rate

12.39% p.a.

Balance transfer

N/A

Annual fee

$0 p.a.
0% Complete (success)

Pros

Low purchase and cash advance rate.

Cons

No balance transfer option

Bank Australia Visa Credit Card

The Bank Australia Visa credit card will really suit anyone looking for a no fuss, low cost credit card who doesn’t want to wade through pages and pages on rewards points and programs, different insurances and travel perks. If you just want a credit card you can rely on in an emergency, or as a convenient payment method then look no further than the Bank Australia Visa card. Added bonus of no annual fee and up to 55 interest free days.

Key features

  • Purchase and cash advance rate of 12.39% p.a.
  • $0 annual fee
  • Up to 55 days interest free on purchases
100% of customers who have rated this card would recommend it
  • Rates
    92%
  • Fees
    99%
  • Rewards
    N/A
  • Customer Service
    84%
  • Value
    92%
Overall user rating 92%
3 reviews

88% Visitor

You don’t pay annual fee and you get a low interest rate on purchases and cash advances. You don’t get much else like rewards but all I need is a cheap card. Ticks all my boxes for a credit card.

Recommends this card

Interest Rates
Purchase rate 12.39% p.a.
Cash advance rate 12.39% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit $1,000
Maximum credit limit N/A
Fees & repayments
Annual fee $0 p.a.
Additional cardholder fee $0 p.a.
Cash advance fee 3.5%
Foreign transaction fee 3%
Minimum repayment 2.5%
Late payment fee $0
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Eligible with Apple Pay and Google Pay

The Bank Australia Visa Credit Card

A classic credit card that helps to keep costs low, the Bank Australia Visa Credit Card has no annual fee and a low rate of interest on purchases. While it may keep features fairly basic, it does offer all the extras you would expect on a Visa, including fraud protection and security features, compatibility with Apple Pay and Google Pay, and account access via a very handy app.

What we love...

Bank Australia prides itself on its customer-owned status and is more than happy to distance itself from the big banks. What does this mean to you as a potential cardholder? As it is owned by its customers, it doesn’t answer to shareholders. Instead, it can return its profits to customers through better rates and fees, while making investments to create positive social and environmental change.

What this translates to with the Bank Australia Visa Credit Card is a whole lot of money-saving for cardholders. If you choose to apply for this card, you will benefit from a low rate of interest and no annual fee. With its low rate of interest, this could help you save on interest costs on your balance if it carries over from month-to-month. So, instead of paying more in interest, you can work on paying down your balance and clearing it once and for all.

Helping you in this objective is the card’s total lack of an annual fee. Most credit cards in Australia charge some kind of annual fee. You will often find low rate cards have low annual fees, while fancier cards such as premium cards and rewards cards have much higher annual fees. But, if you really want to save money, a no annual fee card is where it’s at. Instead of paying an annual fee each year, you can put that money towards something much more exciting.

What’s not so great...

When you find cards with no annual fee and a low purchase rate, you know you’re getting a money-saver. But, what you’ll also find is that these cards also tend to be fairly basic. Sure, you can enjoy all the standard features most cardholders have come to expect on a credit card, but there’s not much on there that will have you drooling in anticipation for the card to drop into your mailbox.

We don’t necessarily think a lack of features is a bad thing, however. Having a lack of features only really becomes a sore point when you want more from your card. But, if you want more, you will generally be expected to pay more, as these cards typically come with a higher annual fee and higher interest rate. On the other hand, if you want a simple, low cost card, we don’t think you’ll find much to complain about with this offering from Bank Australia.

Why should you choose this card?

There are several reasons why you may choose a low rate, no annual fee card such as the Bank Australia Visa Credit Card:

  • You carry a balance each month: Instead of choosing a high interest card, you can choose a low interest card that will save you in interest charges month to month, helping you to pay down more of your balance, and pay it all off quicker.
  • You want a card for emergencies: No one likes paying for something they rarely use, which is where a card with no annual fee can come in handy. You can keep it in your wallet while paying nothing for the privilege, and it’s there whenever you need it.
  • You’re new to credit: Starting out with a low cost card can be a good idea if you’re new to credit. Then, if you happen to overspend, you will not be hammered with huge interest charges as you work on paying off your balance.
  • You want to save money: There is no rule that says credit cards have to be expensive. If you want to keep costs as low as possible, a card with no annual fee and a low rate could help you do that.

So, what kind of features can you expect on a card such as this? You can benefit from easier and safer shopping with Visa Checkout and 24/7 fraud monitoring, you can sync you card to your device with access to Apple Pay and Google Pay, and you can use Bank Australia’s handy app to manage the way you transact with card controls, to place a temporary lock on your card, and to create custom notifications that monitor your card activity.

Overall Rating

The Bank Australia Visa Credit Card is a card that keeps it simple, providing all the basic features you need, alongside a low rate and no annual fee.

9 questions (showing the latest 10 Q&As)

Tim

Tim

9 November 2018
Can you use Bpay to pay this card Off?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 November 2018
    Hi Tim, I believe you can pay it off through BPAY as this is a normal thing. If in doubt give Bank Australia Visa Credit Card customer service a call to confirm.
Nic

Nic

10 April 2018
what is the emergency replacement card fee for o'seas? What fraud protection benefits come with the card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 April 2018
    Hi Nic, they list 24/7 fraud monitoring as a feature of the card. The emergency overseas replacement fee is $175.
Najahi Hatem

Najahi Hatem

21 March 2018
i need visa credit card im from tunisia
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 March 2018
    Hi Najahi, if you are a permanent Australian resident or citizen then it is possible to apply for Bank Australia. If you are temporary migrant, then it is not possible.
Debbie

Debbie

3 February 2018
Like to apply for card
Hugo Kinross

Hugo Kinross

1 September 2017
What are the requirements to have this credit card...
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 September 2017
    You are at least 18 years of age. You are an Australian Citizen or permanent resident of Australia. You are currently in receipt of regular income. You have not been bankrupt.
Denis conka

Denis conka

9 February 2017
Like to apply
Denis conka

Denis conka

31 January 2017
I like to apply
Ray

Ray

28 December 2016
How do i apply
Pony Cheng

Pony Cheng

13 January 2015
Where did I apply?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 January 2015
    http://www.bankmecu.com.au/
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia
  • You have your personal details ready to complete the online application
Bank Australia Visa Credit Card
Bank Australia Visa Credit Card

Bank Australia Visa Credit Card

Updated 18 June 2019

Purchase Rate (p.a)

12.39%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0

$0 over 0 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Low purchase and cash advance rate.

  • No balance transfer option

Creditcard.com.au review

Editor Review

The Bank Australia Visa Credit Card

A classic credit card that helps to keep costs low, the Bank Australia Visa Credit Card has no annual fee and a low rate of interest on purchases. While it may keep features fairly basic, it does offer all the extras you would expect on a Visa, including fraud protection and security features, compatibility with Apple Pay and Google Pay, and account access via a very handy app.

What we love...

Bank Australia prides itself on its customer-owned status and is more than happy to distance itself from the big banks. What does this mean to you as a potential cardholder? As it is owned by its customers, it doesn’t answer to shareholders. Instead, it can return its profits to customers through better rates and fees, while making investments to create positive social and environmental change.

What this translates to with the Bank Australia Visa Credit Card is a whole lot of money-saving for cardholders. If you choose to apply for this card, you will benefit from a low rate of interest and no annual fee. With its low rate of interest, this could help you save on interest costs on your balance if it carries over from month-to-month. So, instead of paying more in interest, you can work on paying down your balance and clearing it once and for all.

Helping you in this objective is the card’s total lack of an annual fee. Most credit cards in Australia charge some kind of annual fee. You will often find low rate cards have low annual fees, while fancier cards such as premium cards and rewards cards have much higher annual fees. But, if you really want to save money, a no annual fee card is where it’s at. Instead of paying an annual fee each year, you can put that money towards something much more exciting.

What’s not so great...

When you find cards with no annual fee and a low purchase rate, you know you’re getting a money-saver. But, what you’ll also find is that these cards also tend to be fairly basic. Sure, you can enjoy all the standard features most cardholders have come to expect on a credit card, but there’s not much on there that will have you drooling in anticipation for the card to drop into your mailbox.

We don’t necessarily think a lack of features is a bad thing, however. Having a lack of features only really becomes a sore point when you want more from your card. But, if you want more, you will generally be expected to pay more, as these cards typically come with a higher annual fee and higher interest rate. On the other hand, if you want a simple, low cost card, we don’t think you’ll find much to complain about with this offering from Bank Australia.

Why should you choose this card?

There are several reasons why you may choose a low rate, no annual fee card such as the Bank Australia Visa Credit Card:

  • You carry a balance each month: Instead of choosing a high interest card, you can choose a low interest card that will save you in interest charges month to month, helping you to pay down more of your balance, and pay it all off quicker.
  • You want a card for emergencies: No one likes paying for something they rarely use, which is where a card with no annual fee can come in handy. You can keep it in your wallet while paying nothing for the privilege, and it’s there whenever you need it.
  • You’re new to credit: Starting out with a low cost card can be a good idea if you’re new to credit. Then, if you happen to overspend, you will not be hammered with huge interest charges as you work on paying off your balance.
  • You want to save money: There is no rule that says credit cards have to be expensive. If you want to keep costs as low as possible, a card with no annual fee and a low rate could help you do that.

So, what kind of features can you expect on a card such as this? You can benefit from easier and safer shopping with Visa Checkout and 24/7 fraud monitoring, you can sync you card to your device with access to Apple Pay and Google Pay, and you can use Bank Australia’s handy app to manage the way you transact with card controls, to place a temporary lock on your card, and to create custom notifications that monitor your card activity.

Overall Rating

The Bank Australia Visa Credit Card is a card that keeps it simple, providing all the basic features you need, alongside a low rate and no annual fee.

User reviews

Bank Australia Visa Credit Card ( based on 3 Creditcard.com.au user reviews )

92% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value
88%

Creditcard.com.au Visitor

28 January 2013

You don’t pay annual fee and you get a low interest rate on purchases and cash advances. You don’t get much else like rewards but all I need is a cheap card. Ticks all my boxes for a credit card.

Recommends this card

Rates and fees

Interest rates

Purchase rate 12.39% p.a.

Cash advance rate 12.39% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2.5%

Cash advance fee 3.5%

Late payment fee $0

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Eligible with Apple Pay and Google Pay

Overview

Bank Australia Visa Credit Card

The Bank Australia Visa credit card will really suit anyone looking for a no fuss, low cost credit card who doesn’t want to wade through pages and pages on rewards points and programs, different insurances and travel perks. If you just want a credit card you can rely on in an emergency, or as a convenient payment method then look no further than the Bank Australia Visa card. Added bonus of no annual fee and up to 55 interest free days.

Key features

  • Purchase and cash advance rate of 12.39% p.a.
  • $0 annual fee
  • Up to 55 days interest free on purchases

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

9 questions (showing the latest 10 Q&As)

Tim

Tim

9 November 2018
Can you use Bpay to pay this card Off?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 November 2018
    Hi Tim, I believe you can pay it off through BPAY as this is a normal thing. If in doubt give Bank Australia Visa Credit Card customer service a call to confirm.
Nic

Nic

10 April 2018
what is the emergency replacement card fee for o'seas? What fraud protection benefits come with the card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 April 2018
    Hi Nic, they list 24/7 fraud monitoring as a feature of the card. The emergency overseas replacement fee is $175.
Najahi Hatem

Najahi Hatem

21 March 2018
i need visa credit card im from tunisia
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 March 2018
    Hi Najahi, if you are a permanent Australian resident or citizen then it is possible to apply for Bank Australia. If you are temporary migrant, then it is not possible.
Debbie

Debbie

3 February 2018
Like to apply for card
Hugo Kinross

Hugo Kinross

1 September 2017
What are the requirements to have this credit card...
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 September 2017
    You are at least 18 years of age. You are an Australian Citizen or permanent resident of Australia. You are currently in receipt of regular income. You have not been bankrupt.
Denis conka

Denis conka

9 February 2017
Like to apply
Denis conka

Denis conka

31 January 2017
I like to apply
Ray

Ray

28 December 2016
How do i apply
Pony Cheng

Pony Cheng

13 January 2015
Where did I apply?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 January 2015
    http://www.bankmecu.com.au/

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