Nova Alliance Bank 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 Ask Pauline a Question about this card.

The Nova Alliance Bank Visa Credit Card

As the bank itself describes it, the Nova Alliance Bank Visa Credit Card is a no frills card. It focuses on keeping costs as low as possible, with a low ongoing rate on both purchases and cash advances, a low annual fee and up to 55 days interest free on purchases. New cardholders currently have the opportunity to save even more with its intro offer, providing 6.00% p.a. on purchases for six months.

What we love...

At its heart, the Nova Alliance Bank Visa Credit Card is designed to be a money saver. So, it only makes sense that its intro offer works to save new cardholders on interest on their purchases. With this offer, you will pay 6.00% p.a. on your purchases for six months, helping you save on big ticket items and everyday spending.

In the longer term, the card can continue to help you save on interest with a nice low rate on both purchases and cash advances. If you tend to carry a balance on your card, this could help you keep interest costs low, as you work on paying back what you owe.

Apart from feeling pretty darn amazing, paying off your balance comes with another solid benefit on this card. When you pay your balance in full by the due date each month, you can take advantage of up to 55 days interest free on purchases. This allows you to pay nothing in interest on your day-to-day spending, to keep costs to an absolute minimum.

Also working to help keep costs down is the card’s low annual fee. While it would be nice to have no annual fee to pay, this card has a very reasonable annual fee, especially when you take into consideration its low ongoing purchase rate and interest free feature. If you want to save as you access credit, this could be the card to let you do just that.

What’s not so great...

Unsurprisingly, the Nova Alliance Bank Visa Credit Card doesn’t have any fancy features to speak of. No frills means no features, so if you want extras or the opportunity to earn rewards, you will need to look elsewhere.

Why should you choose this card?

If you think saving money is more important than extras, the Nova Alliance Bank Visa Credit Card is well worth looking in to. Giving you access to the extensive Visa network, it allows you to use your card at millions of locations around the world, while providing you access to handy Visa features such as Verified by Visa and Visa payWave.

Aside from offering access to credit, this card also allows cardholders to be part of something bigger. As an Alliance Bank, Nova Alliance Bank is a social enterprise bank, which means it invests in projects that effect positive social change both at home and overseas. As a member, you will also be part of a mutual, which offers plenty of benefits, including having a say in how your bank is run.

Overall Rating

The Nova Alliance Bank Visa Credit Card is currently offering 6.00% p.a. on purchases for six months, plus an ongoing low rate and low annual fee, with up to 55 days interest free on purchases.