RACQ Bank Credit Cards

Updated 24 January 2021

While RACQ is a name you are likely familiar with, RACQ Bank may not be. Established in 2017, RACQ Bank was formed when QT Bank merged with RACQ, creating a mutual bank to benefit members. Designed to provide more value to its members, RACQ Bank offers a range of banking products, including home loans, personal loans and car loans, transaction accounts and credit cards, some of which have been recognised by Canstar for their outstanding value.

reviews for 0 cards listed
CreditCard.com.au as seen on
  • 7News
  • 9News
  • Studio 10
  • The Sydney Morning Herald
  • News.com.au

We found no credit cards using your selected criteria

Update your filters to get more cards to display. Reach out if you are having any problems.



Why choose RACQ Bank? RACQ is owned by members to benefit members. That was the reason it was established back in 1905. In the early years of the club, it worked to champion the rights of motorists, while helping motor vehicles become an accepted part of day-to-day life in Queensland. Since then, it has constantly evolved to meet the changing needs of Queenslanders.

Today, RACQ offers member services and products to its 1.7 million members, including roadside assistance, travel, finance and insurance. And because it is member-owned, everything RACQ does is for the benefit of those members. Throughout 2018, RACQ members shared in $154 million in returned value across RACQ products and services, helicopter sponsorships, as well as retail, entertainment, dining and fuel discounts.

Supporting the Education Community

And what about QT Bank? QT Bank started out as Queensland Teachers’ Credit Union (QTCU) back in 1965. While in 1982, membership opened to all Queenslanders, the credit union continued to support the education community through alliance, education programs and helping teachers with their banking needs. After becoming the first Queensland-based mutual bank in 2011, QT Mutual Bank voted on a merger with RACQ in 2016, which came into effect the following year.

But, while it may have taken on the RACQ brand, the bank still continues to focus on serving the education community. RACQ Bank offers a range of discounts and benefits on loans, term deposits and financial planning, which are designed specifically for teachers. It also retains a strong commitment to Queensland education, delivering a number of award-winning safety and education programs to Queensland schools, while supporting initiatives like the Premier’s Reading Challenge and Staffroom for Improvement.

Choosing a Mutual

RACQ Bank offers an alternative to the big bank experience. Where big banks are owned by external shareholders, RACQ Bank is owned by its members. So, where big banks work to create more and more profits for their shareholders, RACQ Bank concentrates on making its members happy, re-investing its profits to provide straightforward financial products and services that offer great value, backed by excellent customer service.

Aside from creating value for its members, RACQ Bank also invests in the community, utilising profits to support and sponsor organisations and events that work to build a stronger community for all. But that’s not all. When QT Mutual Bank and RACQ merged, the two organisations made several key promises to their members, which RACQ Bank continues to deliver on today. These include:

  • Exceptional Service: RACQ Bank offers high quality service, backed by a 24/7 Queensland-based contact centre.
  • Digital Convenience: RACQ Bank provides the technology needed to make your life easier, from simple online application forms to its new more secure internet banking platform, mobile app and tap-and-go mobile payment options.
  • Comprehensive Products: RACQ Bank offers a range of straightforward, well-thought-out products complete with great rates and low fees, backed by the assistance of knowledgeable banking staff that can support you every step of the way.
  • Member Discounts: Becoming a RACQ member, you’ll enjoy additional benefits and savings that come with being part of Queensland’s largest club.

Applying for a RACQ Bank Credit Card

Partnering with Card Services (a division of Citigroup Pty Ltd), RACQ Bank currently offers two credit cards: the RACQ Bank Platinum Rewards Credit Card and the RACQ Bank Low Rate Credit Card. Designed to suit different types of spending, these cards offer a number of benefits.

While the low rate card may work well for cardholders who want to save on fees and interest, the platinum option could appeal to those who want to get more back on their card spending in the form of rewards and extras. Want to find out more about what these cards have to offer? Check out each card’s page for all the essential info and our review of its offering.

Recently Asked Questions

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

Ask us a Question

Hi, we are here to help and will answer your question within a business day.

By submitting this question you agree to our privacy policy.

Showing one question (showing the latest 10 Q&As)



23 October 2020
is there a bank or credit union that will except balance transfer for zero interest and to continue on zero annual fee there after, noting my annual income is 16500
    Roland B Bleyer - CreditCard.com.au Founder


    23 October 2020
    Hi Anthony, $0 annual fee credit cards tend to require more annual income for approval. Make sure you check any minimum requirements before applying. Virgin have a no annual fee card with a good 0% balance transfer. Though the minimum income is 25k to apply. If you look outside of no annual fee for life cards. Like the ANZ low rate and St George Vertigo with 15k minimum income requirements.
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.