Visa Credit Card
- Last updated on 31 Mar 2020
ING Orange One
specialNo Annual Fee. No international transaction fees for shopping online and overseas when you deposit $1000+ each month to your ING account and complete more than 5 card purchases
Join the thousands choosing the low rate, no annual fee credit card. T&C's Apply
Balance Transfer Rate
Max Free Days
- No Annual Fee
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
2% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Australia Citizen, Permanent Resident
Balance Transfer not available
Compare and review credit cards with similar features
Bank Australia is a financial co-operative that has served its 140,000 customers since 1957. As Australia’s first customer-owned bank, Bank Australia’s mission is to be a community and environmentally friendly financial institution.
In addition to credit cards, Bank Australia also offers its customers financial products such as bank accounts and saving accounts, term deposits, personal loans, financial planning and insurance.
Bank Australia customers have free access to rediATMs and ATMs of major banks.
The Bank Australia Visa Credit Card comes with a moderately low interest rate, no annual fee and a moderate interest-free period. It also has a low minimum credit limit and no late payment fee.
This card does not allow balance transfers or additional cardholders. It also does not come with an associated rewards program or complimentary insurance coverage.
In terms of security, customers are protected by 24/7 monitoring of transactions for fraudulent activity, as well as added peace of mind with Visa Checkout for online purchases.
Apple Pay and Google Pay are also available on this card, meaning cardholders can connect to their account and pay for purchases in-store using their smartphone rather than their card.
For customers with a bank account at Bank Australia, instant transfers are also available between everyday accounts and credit card accounts.
- No annual fee
- No late payment fee
- Moderately low interest rate
- No rewards program
- No complimentary insurance
- Doesn’t allow additional cardholders
Who is it good for?
The Bank Australia Visa Credit Card is a suitable option for people who aren’t always able to pay their card off each month, thanks to its moderately low interest rate and waived annual fee and late payment fee.
Likewise, it is especially good for people who occasionally need to make purchases on credit but don’t tend to spend often on a credit card.
On the other hand, the Bank Australia Visa Credit Card isn’t particularly appropriate for frequent credit card users (who pay their bill diligently) because it doesn’t offer any rewards for spending. It also doesn’t offer any additional perks such as complimentary insurance.
It’s also not suitable for people wanting to consolidate debt as balance transfers are not allowed.
Additionally, couples and other people wanting to share an account wouldn’t be a good fit for this card as it only allows one cardholder.
What RateCity says
This card offers plenty of cost-saving potential, so it’s likely to appeal to the average budget cardholder. The moderately low interest rate and lack of annual fee or late payment fee are particularly beneficial for customers who don’t always manage to pay their bill on time.
Unfortunately, though, it doesn’t come with a balance transfer offer, which could be a drawback for some.
The Bank Australia Visa Credit Card also doesn’t offer much in the way of rewards or perks aside from value for money. As such, if you plan on using your credit card a lot and always pay your monthly balance in full, it may be worth looking for another card through which you can earn rewards such as frequent flyer points or cashback.
Conversely, if you really want to cut down on costs, there are other cards on the market with lower interest rates.
To be eligible for the Bank Australia Visa Credit Card, you must be at least 18 years old and an Australian citizen or permanent resident of Australia. You must also be regularly receiving income and not bankrupt. To apply, you will need to complete an ID check if you are not already a Bank Australia customer. You will also need to provide information about your income, assets and liabilities. Applications can be completed online or in-branch.
About Bank Australia
Bank Australia, formerly known as bankmecu and, before that, the Members and Education Credit Union (MECU), is a 100 per cent customer-owned bank based in Kew, Victoria. The bank serves 140,000 customers throughout Australia. Bank Australia reinvests profits into the bank with the aim of providing lower fees and interest rates, and responsible finance products such as credit cards and loans. Customers can manage their banking needs through the bank’s online portal, in-branch or by phone.
Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.
The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.
Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.
Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.
CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.
A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection.
If you’re using Mastercard or Visa, the CVV is the three digits located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.