• Rates
  75%
• Fees
  78%
• Rewards
  N/A
• Customer Service
  64%
• Value
  61%

Roland Bleyer

Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The WECU Visa Credit Card

Exclusively for the use of WECU members – who are employees of the Woolworths (Australia) Limited group of companies and their immediate families – the WECU Visa Credit Card is a basic card designed to help lower cardholder costs. With a super low annual fee and a low variable interest rate, the card keeps it simple with features, offering up to 55 days interest free on purchases.

What we love...

There’s no hiding the fact that the WECU Visa Credit Card is a simple card. Instead of offering complex features and enticing rewards programs, it simply sells itself on that fact that it can help cardholders save money day to day. While this will not interest everyone, it could appeal to many, especially those who want a basic option with a low rate and low annual fee.

While it may not have any exciting introductory offers right now, it does offer the opportunity to save in the long term. One of the ways it does this is with a low rate of interest across purchases and cash advances. A low purchase rate may appeal to cardholders who carry a balance. Carrying a balance means paying interest on that balance, and on every new purchase made on the card.

So, it only makes sense that you would want that card to accrue interest at the lowest possible rate. Fancy features may turn your head, but if they come with a high purchase rate, you are likely not seeing much value on those features thanks to all the interest you are paying out.

Another nice money saver on this card is its interest free feature. When you pay off your balance by the due date, you can take advantage of up to 55 days interest free on purchases. This could help you keep interest costs at zero for both everyday spending, and well-timed larger purchases as well.

Last on the list of things to like on this card is its annual fee. Cards packed with features generally come at a price, which is why you will usually find these cards have a much higher annual fee. However, if you are trying to save on outgoing costs – or you don’t need those features and don’t want to pay for them – a basic card with a low annual fee such as the WECU Visa Credit Card could be a better option.

What’s not so great...

The main thing to note on the WECU Visa Credit Card is the fact that you need to become a member before you apply. Membership to WECU – the Woolworths Employees’ Credit Union – is exclusive to employees of the Woolworths (Australia) Limited group of companies and their immediate families, so if you don’t fit this description, you may not apply.

Why should you choose this card?

The main reason to choose the WECU Visa Credit Card is to save money. So, let’s take a quick look at who would most benefit from a card such as this.

Cardholders who carry a balance: These cardholders could save on interest month to month, working to pay down their balance as they pay less in interest than they would on a more expensive card.

Cardholders who are new to credit: As long as they meet eligibility requirements, this simple card could provide a great stepping stone into the world of credit, keeping interest costs down should they overspend.

Cardholders who want to save: With a low annual fee and low interest, the card could be a perfect match for those who want to save money as they enjoy access to credit.

Cardholders who don’t use their card much: Those who want to keep a card ‘just in case’ usually don’t want to spend heaps in annual fees. A card such as the WECU Visa Credit Card could provide the ideal solution.

Cardholders who like simple: Not everyone is interested in features and extras that take days reading the small print to understand. As a no frills option, this card has no complex features to worry about.

Overall Rating

A simple option, the WECU Visa Credit Card has a super low annual fee, a low ongoing interest rate and up to 55 days interest free on purchases, available to WECU members only.