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Bank of Us Visa Credit Card
Bank of Us Visa Credit Card

Bank of Us Visa Credit Card

Updated 5 August 2020

Purchase Rate (p.a)

9.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$39

$0

My transfer amount

Balance transfer from:

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My interest rate

Pros and cons

  • 9.99% p.a. on purchases and cash advances
  • Low annual fee of $39
  • Up to 57 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

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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 57 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 57 days interest free on purchases. That means, if you clear your balance by the due date each month, you will have up to 57 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 57 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 57 days

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $39 p.a.

Additional card holder fee Up to 1 - $0 p.a.

Foreign transaction fee 2.5%

Minimum repayment

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 57 days interest free on purchases.

Key features

  • 9.99% p.a. on purchases
  • Low annual fee of $39
  • 9.99%p.a. on cash advances
  • Up to 57 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

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.

4 questions (showing the latest 10 Q&As)

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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