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BankVic Visa Silver Credit Card

1 review

Purchase rate

6.99% for 6 months
reverts to 11.95% p.a.

Balance transfer

N/A

Annual fee

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

Pros

6.99% p.a. on purchases for the first six months

Low 11.95% p.a. ongoing interest rate

No annual fee

Cons

No extra features

BankVic Visa Silver Credit Card

The BankVic Visa Silver Credit Card comes with a low interest rate and no annual fee.

Key features

  • No annual fee
  • 6.99% p.a. on purchases for the first six months
  • Up to 55 days interest free on purchases
100% of customers who have rated this card would recommend it
  • Rates
    81%
  • Fees
    87%
  • Rewards
    N/A
  • Customer Service
    52%
  • Value
    47%
Overall user rating 53%
1 reviews
Interest Rates
Purchase rate 11.95% p.a.
Introductory purchase rate 6.99% p.a. for 6 months
Cash advance rate 11.95% p.a.
Interest free on purchases up to 44 days
Balance Transfer
Credit limits
Minimum credit limit $1000
Maximum credit limit $10,000
Fees & repayments
Annual fee $0 p.a.
Cash advance fee N/A
Foreign transaction fee 3.65%
Late payment fee $15
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

The BankVic Visa Silver Credit Card

As the bank’s ‘classic’ card option, the BankVic Visa Silver Credit Card is designed to be a money-saver. Cardholders pay no annual fee on this card ever, to enjoy a low ongoing purchase rate and up to 55 days interest free on purchases. As a new cardholder, you could save even more day to day, with an intro rate of 6.99% p.a. on purchases for six months.

What we love...

As an award-winning 5-star Canstar-rated card, there is definitely a lot to love about the BankVic Visa Silver Credit Card. However, as you will see, most of the features we love on this card are focused on money saving. There are no rewards programs to speak of, no bonus points on offer, and no fancy features to enjoy.

Instead, this is a card that keeps things simple. First up, that annual fee. The BankVic Visa Silver Credit Card has no annual fee ever, meaning you can enjoy real savings now, and later on down the track. You can also choose to add an additional cardholder to the account at no extra cost, which can offer simplified family finances, with just one card payment to cover and one statement to keep track of.

In terms of interest, cardholders can benefit from a super low introductory rate of 6.99% p.a. on purchases for the first six months. After the intro period is over, the purchase rate reverts to a very reasonable variable rate. This low ongoing rate could help cardholders keep costs down, covering more manageable interest payments than they would have on a higher rate card.

On the other hand, if you manage to pay off your balance each month, you can save even more with up to 44 days interest free on purchases. With your annual fee at zero and the opportunity to keep interest at zero too, you can see how this card offers an excellent way to access credit while keeping outgoing costs to a minimum.

What’s not so great...

With no annual fee and a low rate of interest, we don’t see much to complain about on the BankVic Visa Silver Credit Card. But, liking or disliking a card generally comes down to whether or not it offers what you need. If you need more from your card – such as insurance cover or airport lounge access to make travel more comfortable – then you may be better off seeking an alternative option.

Why should you choose this card?

Low cost cards such as the BankVic Visa Silver Credit Card tend to work well for cardholders who want a no frills option that can help them save money month to month. Cardholders who carry a balance can enjoy lower interest costs on a card such as this, providing more value than cards with higher rates that may offer a few more features.

No annual fee cards can also appeal to cardholders who don’t want to pay for features they never use, as well as to those who rarely use their card. After all, there’s not much point paying an annual fee for an all-singing, all-dancing card that will just sit in your wallet and never see the light of day.

Overall Rating

A basic card that can offer real savings, the BankVic Visa Silver Credit Card has no annual fee and a low ongoing interest rate. New cardholders can take advantage of 6.99% p.a. on purchases for six months.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Permanent Resident or Australian Citizen
  • You have your personal details ready to complete the online application
BankVic Visa Silver Credit Card
BankVic Visa Silver Credit Card

BankVic Visa Silver Credit Card

Updated 18 June 2019

Purchase Rate (p.a)

6.99% p.a.

for 6 months. Reverts to 11.95% p.a.

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 6.99% p.a. on purchases for the first six months
  • Low 11.95% p.a. ongoing interest rate
  • No annual fee

  • No extra features

Creditcard.com.au review

Editor Review

The BankVic Visa Silver Credit Card

As the bank’s ‘classic’ card option, the BankVic Visa Silver Credit Card is designed to be a money-saver. Cardholders pay no annual fee on this card ever, to enjoy a low ongoing purchase rate and up to 55 days interest free on purchases. As a new cardholder, you could save even more day to day, with an intro rate of 6.99% p.a. on purchases for six months.

What we love...

As an award-winning 5-star Canstar-rated card, there is definitely a lot to love about the BankVic Visa Silver Credit Card. However, as you will see, most of the features we love on this card are focused on money saving. There are no rewards programs to speak of, no bonus points on offer, and no fancy features to enjoy.

Instead, this is a card that keeps things simple. First up, that annual fee. The BankVic Visa Silver Credit Card has no annual fee ever, meaning you can enjoy real savings now, and later on down the track. You can also choose to add an additional cardholder to the account at no extra cost, which can offer simplified family finances, with just one card payment to cover and one statement to keep track of.

In terms of interest, cardholders can benefit from a super low introductory rate of 6.99% p.a. on purchases for the first six months. After the intro period is over, the purchase rate reverts to a very reasonable variable rate. This low ongoing rate could help cardholders keep costs down, covering more manageable interest payments than they would have on a higher rate card.

On the other hand, if you manage to pay off your balance each month, you can save even more with up to 44 days interest free on purchases. With your annual fee at zero and the opportunity to keep interest at zero too, you can see how this card offers an excellent way to access credit while keeping outgoing costs to a minimum.

What’s not so great...

With no annual fee and a low rate of interest, we don’t see much to complain about on the BankVic Visa Silver Credit Card. But, liking or disliking a card generally comes down to whether or not it offers what you need. If you need more from your card – such as insurance cover or airport lounge access to make travel more comfortable – then you may be better off seeking an alternative option.

Why should you choose this card?

Low cost cards such as the BankVic Visa Silver Credit Card tend to work well for cardholders who want a no frills option that can help them save money month to month. Cardholders who carry a balance can enjoy lower interest costs on a card such as this, providing more value than cards with higher rates that may offer a few more features.

No annual fee cards can also appeal to cardholders who don’t want to pay for features they never use, as well as to those who rarely use their card. After all, there’s not much point paying an annual fee for an all-singing, all-dancing card that will just sit in your wallet and never see the light of day.

Overall Rating

A basic card that can offer real savings, the BankVic Visa Silver Credit Card has no annual fee and a low ongoing interest rate. New cardholders can take advantage of 6.99% p.a. on purchases for six months.

User reviews

BankVic Visa Silver Credit Card ( based on 1 Creditcard.com.au user review )

53% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 11.95% p.a.

Introductory purchase rate 6.99% p.a. for 6 months

Cash advance rate 11.95% p.a.

Interest free on purchases up to 44 days

Credit limits

Minimum credit limt $1000

Maximum credit limit $10,000

Fees & repayments

Annual fee $0 p.a.

Additional card holder fee N/A

Foreign transaction fee 3.65%

Minimum repayment

Cash advance fee N/A

Late payment fee $15

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

Overview

BankVic Visa Silver Credit Card

The BankVic Visa Silver Credit Card comes with a low interest rate and no annual fee.

Key features

  • No annual fee
  • 6.99% p.a. on purchases for the first six months
  • 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

  • Permanent Resident or Australian Citizen

  • 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.

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