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Rewards Visa Card

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
0.0066 points for $1 spentVisaUp to $500 annuallyeligible transactions
  • Free Supplementary Cards

Features

The BCU Rewards Visa card has a moderately low interest rate, a moderate annual fee and a moderate number of interest-free days.

As a cardholder, you could benefit from rewards via a cash-back scheme, where you could earn cash-back for using the credit card on eligible purchases.

This credit card has a moderately high credit limit. Increasing the credit limit of the card can be achieved by opting to receive invitations from BCU.

Cash advances are available on the BCU Rewards Visa at a moderate interest rate. Balance transfers will be considered on application at the discretion of BCU.

You can have up to two additional cardholders on the primary account; each person must be at least 16 years old.

The BCU Rewards Visa is protected by 24/7 fraud monitoring and contactless transactions less than $100 are supported by Visa payWave.

Pros
  • Moderately low interest rate
  • No late payment fee
  • Cash-back rewards
Cons
  • No points program
  • No balance transfers
  • Cash-back rewards capped

Who is it good for?

The BCU Rewards Visa might be suitable for consumers who want a straightforward credit card with moderate fees and charges. 

Anyone aged over 18 years old is able to apply for this card. You don’t need to be an existing BCU customer to apply for this credit card to take advantage of the rewards available.

The credit card offers a rewards scheme where you could earn cash-back for using the card on eligible purchases.

It’s not a program such as flybuys or Qantas Points, where points can be transferred or redeemed via an online catalogue.

Reward points are automatically loaded onto a Rewarder card. You could spend your points as cash using the Rewarder card anywhere that accepts EFTPOS.

The BCU Rewards Visa has a moderately high credit limit and can be used anywhere in the world where Visa is accepted.

What RateCity says

The BCU Rewards Visa is a no-mess, no-fuss credit card with few bells and whistles. Rewards can be earned on eligible purchases and redeemed via a cash-back scheme with an annual cap. The cash earned can be spent using the Rewarder EFTPOS card provided by BCU.

This credit card offers a moderate interest rate on cash advances and a moderate number of interest-free days. In keeping fees and charges to a minimum, there’s no late payment or additional cardholder fees.

Using this credit card is simple. Visa payWave enables contactless payments for transactions less than $100. It doesn’t have digital wallet features available such as Apple Pay, Samsung Pay or Google Pay.  

The card is not only protected by 24/7 fraud monitoring but also Visa's zero liability policy. Therefore, transactions are indemnified against fraudulent charges or unauthorised purchases made with your card or account information.

Applying/eligibility

To be eligible for the BCU Rewards Visa, you must be at least 18 years old and a permanent Australian resident or citizen. You must not have any outstanding defaults, judgments or be an undischarged bankrupt. You can apply online or over the phone. When applying, you should have information regarding your employment, financial liabilities and personal expenses available. Acceptable forms of identification include an Australian driver’s licence, passport or Medicare card. 

About BCU

BCU – originally Nambucca Banana Growers’ Federation Members Credit Union – was founded in 1970 by a by a small group of banana growers from the Macksville district who wanted an alternative to the major banks. As a regional credit union, BCU has no external shareholders and reinvests profits into its products, services and the region. BCU specialises in banking products for children, students, retirees, households and business. BCU offers phone, internet and mobile banking.


​Nick Bendel is a senior property and personal finance writer for RateCity, and an experienced journalist with numerous writing credits to his name. To date. He covers property, home loans, credit cards, superannuation and other bank products, and loves getting elbow-deep in the latest ABS, APRA and RBA data.​


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