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Unity Bank Visa Credit Card
Unity Bank Visa Credit Card

Unity Bank Visa Credit Card

Updated 6 October 2020

Purchase Rate (p.a)

7.99% p.a.

for 6 months. Reverts to 9.99% p.a.

Balance Transfer (p.a)

7.99% for 6 months No BT fee. reverts to 9.99% p.a.

Annual Fee (p.a)

$0 first year. Then $60 p.a.

$0 over 6 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 7.99% p.a. on purchases and balance transfers for the first 6 months
  • Low 9.99% p.a. ongoing rate
  • Up to 55 days interest free on purchases
  • No annual fee for the first year, $60 p.a. thereafter
  • Free additional card
  • Eligible with Apple Pay, Google Pay and Samsung Pay

  • There are lower introductory offers out there

Creditcard.com.au review

Editor Review

Unity Bank 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 Unity Bank Visa Credit Card

With a great money saving intro offer, the Unity Bank Visa Credit Card is currently offering new cardholders an intro rate of 7.99% p.a. on purchases and balance transfers for six months, and no annual fee for the first year. Ongoing, the card has a nice low purchase rate with up to 55 days interest free on purchases, a reasonable annual fee and no additional cardholder fee.

What we love...

So, you want to save money on your credit card? The Unity Bank Visa Credit Card could help you do just that. Offering money saving in the long and short term, this card currently has an intro offer on purchases and balance transfers, while waiving the annual fee for the first year. Interested? Let’s get into it.

First up, the card offers an intro rate of 7.99% p.a. on purchases and balance transfers for six months. In terms of purchases, you may have a larger purchase you want to buy but can’t afford to pay for it all upfront. With this offer, you can buy it now, to pay it off over the intro period at a lower rate of interest.

Or, if you have credit card debt you want to pay off, this offer lets you pay less in interest on your transferred balance for six months, to then pay off more of what you owe. And, if you don’t manage to pay off the full transferred amount, it will revert to the card’s low purchase rate, which is certainly more appealing than if it were to revert to a much higher cash advance rate, as you so often see on other balance transfer cards.

But that’s not all. The Unity Bank Visa Credit Card also helps you save on annual fees, waiving the card’s standard annual fee in the first year. From there, the card has a pretty reasonable annual fee, and if you want to add an additional cardholder to the account, you can do so at no extra cost.

As for ongoing interest, the card’s standard variable interest rate is lovely and low. This could make it a good option for cardholders who carry a balance on their card, allowing them to save on interest as they work on paying off what they owe. And for those who do clear their balance each month, there is up to 55 days interest free on purchases (not available on accounts with a balance transfer).

What’s not so great...

While it’s certainly nice to save on interest with that intro offer, it may not be the lowest intro rate you can find. There may be 0% offers that could help you save more – but with those offers, it’s important to look at what the rate reverts to, how much the card would cost overall, and its suitability over the long term.

Why should you choose this card?

If you want a basic card, the Unity Bank Visa Credit Card could be the no frills option that offers everything you need. Whether you want to take advantage of its intro offer or not, it could act as a low cost card that allows you to keep things simple, giving you access to credit, with no complex features to worry about – or pay for.

As a cardholder, you can enjoy access to the extensive Visa network, with merchants and ATMs around the world, backed by Unity Bank service and support, and phone and online banking. If you want to sync your card to your device, you can do so with Apple Pay, Samsung Pay or Google Pay.

Overall Rating

A no frills card, the Unity Bank Visa Credit Card has a low ongoing purchase rate and annual fee, with an intro offer of 7.99% p.a. on purchases and balance transfers for six months and no annual fee for the first year.

User reviews

Unity Bank Visa Credit Card ( based on 1 Creditcard.com.au user review )

58% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 9.99% p.a.

Introductory purchase rate 7.99% p.a. for 6 months

Cash advance rate 9.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 7.99% p.a. for 6 months

Balance transfer revert rate 9.99% p.a.

Balance transfer from personal loan N/A

Balance transfer fee No fee

Balance transfer limit N/A

Banks you can't balance transfer from Unity Bank

Credit limits

Minimum credit limt $N/A

Maximum credit limit N/A

Fees & repayments

Annual fee $60 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee N/A

Minimum repayment

Annual fee the first year $0

Cash advance fee N/A

Late payment fee N/A

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

Unity Bank Visa Credit Card

Key features

  • 7.99% p.a. on purchases and balance transfers for the first 6 months
  • Low 9.99% p.a. ongoing rate
  • Up to 55 days interest free on purchases
  • No annual fee for the first year, $60 p.a. thereafter
  • Free additional card
  • Eligible with Apple Pay, Google Pay and Samsung Pay

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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