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Visa Credit Card


Pros and Cons

  • No Annual Fee


    Electronic Wallet Service

    Important Rates


    Balance Transfer

    Overseas spending




    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.

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