South West Slopes Credit Union Visa Classic 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 South West Slopes Credit Union Visa Classic Credit Card

Offering a basic option for cardholders looking for access to credit while keeping costs down, the South West Slopes Credit Union Visa Classic Credit Card provides a low rate on both purchases and cash advances. For a seriously low annual fee, the card offers further opportunities to save with up to 55 days interest free on purchases when you pay off your balance each month.

What we love...

One of the most appealing aspects of the South West Slopes Credit Union Visa Classic Credit Card is its simplicity. While its name might be something of a mouthful, it keeps everything nice and simple elsewhere. There are no rewards programs to get your head around, and no complex features that you need to read small print for days to understand.

Instead, this card focuses on helping cardholders keep their ongoing costs to a minimum. So, how does it do this?

It has a low annual fee: On most credit cards, you will expect to pay some kind of annual fee or monthly fee to keep it in your wallet. Typically, cards with higher annual fees offer more in the way of features, such as the opportunity to earn rewards and enjoy extras like airport lounge access. However, if you don’t need these features – or you want to keep costs down – a low fee card such as this could be the perfect option.

It has a low interest rate: Another thing you will usually see on premium cards is a higher rate of interest. This means cardholders who carry a balance will pay more in interest than if they were to use a card such as the South West Slopes Credit Union Visa Classic Credit Card. With its low purchase rate and cash advance rate, this card could help cardholders keep interest costs down when they carry a balance, to potentially pay off that balance faster.

It offers up to 55 days interest free on purchases: Not all cards offer an interest free period on purchases, but happily, this card does. When you pay off your balance by the due date each month, you can benefit from up to 55 days interest free on purchases, depending on the point at which each purchase is made through the statement period. By being smart with your card, this feature can help you keep your interest costs at zero.

What’s not so great...

If you’re not interested in saving money – and if you want more than a basic card such as this has to offer – it may be worthwhile looking elsewhere. Just be sure to weigh up the cost of the card you want, looking at its value to you with regards to what you are paying out. There’s no point paying out heaps in interest or annual fees if the card looks awesome, but doesn’t offer you value.

Why should you choose this card?

The South West Slopes Credit Union Visa Classic Credit Card has a minimum credit limit of $500, and a maximum credit limit of $20,000. Add to that the basic nature of the card, and it will tend to appeal to cardholders who may be smaller spenders, who don’t mind not earning rewards on their card spending, and who want to minimise the costs of having a credit card.

Of course, as it is a Visa card, you can expect certain functionality as well as worldwide access via the Visa network. Aside from being able to use your card at millions of locations around the world, you can also utilise features such as faster payments thanks to the contactless technology of Visa payWave.

Overall Rating

A simple card with no frills, the South West Slopes Credit Union Visa Classic Credit Card offers a low annual fee, a low purchase rate and up to 55 days interest free on purchases.