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Bank of us Visa Credit Card
Bank of us Visa Credit Card

Bank of us Credit Cards

Bank of us Visa Credit Card

Updated 14 February 2024

Enjoy one simple low interest rate of 9.99% p.a. on purchases, cash advances, and balance transfers. Plus, save with a low annual fee of $39, waived if minimum annual spend is met, and up to 58 days interest-free on retail purchases.
New customers only. T&Cs apply.

Purchase Rate (p.a)

9.99%

Balance Transfer (p.a)

9.99%

Annual Fee (p.a)

$39

$0 over 99 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 9.99% p.a. on purchases, cash advances and balance transfers
  • Low annual fee of $39. The annual fee is waived when previous spend exceeds $8,000 p.a.
  • Up to 58 days interest-free on retail purchases
  • Credit limits starting from $500

  • No introductory balance transfer offer

Creditcard.com.au review

Editor Review

Bank of us Visa Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The Bank of us Visa Credit Card

Combining a low annual fee with a low purchase rate, the Bank of us Visa Credit Card offers cardholders the opportunity to keep costs low while enjoying access to credit. As a no frills card, it doesn’t waste time on complex rewards programs or expensive features, instead it simply allows you to pay with credit, to then benefit from up to 58 days interest free on purchases.

What we love...

As a low cost card, the Bank of us Visa Credit Card offers one low rate on purchases, cash advances and balance transfers. Having one low rate not only makes it easier for you to get your head around what this card will cost you day-to-day, it could also help you to save a significant amount in interest if you were to switch from a card with a higher rate.

You see, Bank of us is a customer-owned bank. Unlike bigger banks, which pay out profits to shareholders, it can re-invest its profits back into the organisation, benefitting customers by providing them better rates and lower fees. This is why you will usually find customer-owned banks tend to offer lower rates than bigger banks, even on supposedly low rate products.

Should you choose Bank of us over a bigger bank? While there are pros and cons to each option, it’s worth bearing in mind that while bigger banks are obviously better known, smaller banks such as Bank of us face the same rules and regulations as authorised deposit-taking institutions. So, if you are thinking of choosing Bank of us as your card provider, it may be a better idea to look to the service, support and features it offers, rather than whether you have heard of the bank before.

Quite obviously, this offering from Bank of us is simple. Most low rate cards are. To keep costs low, providers cut back on features. But, that doesn’t have to be a bad thing. For many cardholders, simple is better, simple is all they need. Aside from its low rate, the card also offers a low annual fee, providing an opportunity to save even more money.

Aside from that, the card offers up to 58 days interest free on purchases. That means, if you clear your balance by the due date each month, you will have up to 58 days before interest starts accruing on your purchase. This is longer than most cards on the market, and can provide a great way to cover day-to-day spending using your card, without having to pay interest for the privilege.

What’s not so great...

You’ve already heard us say the Bank of us Visa Credit Card is simple. That means you won’t earn rewards on your card spending, and you won’t benefit from fancy features such as access to airport lounges or hotel upgrades when you travel, or a concierge service to help you when you need to make a restaurant reservation. If you want that stuff, look elsewhere.

Why should you choose this card?

What this card does offer is simplicity and money-saving. If you want a basic card that keeps it real, the Bank of us Visa Credit Card could be for you. If you want to save on interest, this could be the card that makes that happen. Often a great choice for cardholders who carry a balance month to month, or who simply don’t see the point in paying hundreds of dollars in annual fees for features they don’t need, this type of card has plenty to offer the right type of person.

Overall Rating

A simple card that keeps it real, the Bank of us Visa Credit Card has one low rate on purchases, cash advances and balance transfers, with a low annual fee and up to 58 days interest free on purchases.

User reviews

Bank of us Visa Credit Card ( based on 2 Creditcard.com.au user reviews )

68% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 9.99% p.a.

Cash advance rate 9.99% p.a.

Interest free period on purchases up to 58 days

Balance transfer

Balance transfer rate 9.99% p.a. for 99 months

Balance transfer revert rate 9.99% p.a.

Balance transfer from personal loan N/A

Balance transfer fee No fee

Balance transfer limit N/A

Brands you can't balance transfer from N/A

Credit limits

Minimum credit limit $500

Maximum credit limit N/A

Fees & repayments

Annual fee $39 p.a.

Additional cardholder fee Up to 2 - $0 p.a.

Foreign transaction fee 2.5%

Minimum repayment 3% or $10 (whichever is greater)

Cash advance fee $5

Late payment fee $20

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

Bank of us Visa Credit Card

The Bank of us Visa credit card from Bank of us offers a low 9.99% p.a. on purchases and an annual fee of $39. Enjoy up to 58 days interest free on purchases.

Key features

  • 9.99% p.a. on purchases, cash advances and balance transfers
  • Low annual fee of $39
  • Up to 58 days interest-free on retail purchases
  • Credit limits starting from $500

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Australian citizen or a permanent resident

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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

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

5 questions (showing the latest 10 Q&As)

KERRIE

KERRIE

26 September 2020
re: Bank of Us Visa Credit Card What is the minimum income requirement please
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2020
    Hi Kerrie, there is no guidance provided by the bank on this. I would assume at least 15k in income. Though reach out to the bank to see if they can provide you with a specific number.
victor jabur

victor jabur

30 August 2017
When can we start
Hu jiemin

Hu jiemin

20 March 2017
7-11,can in card for cash 。 2 day. OR now?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 March 2017
    Hi Hu, you can use this card for cash advances in ATMs up to your credit limit.
sonia bowtell

sonia bowtell

30 December 2016
can i have all my credits paid and just pay one payment to you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 January 2017
    Hi Sonia, I am not sure that this is a service directly from B&E but you certainly could pay your bills with your card, then pay that off each month.
Sonya Barrett

Sonya Barrett

27 November 2016
Can i apply for card online have looked and can't find where to apply thankyou

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