The Coastline Credit Union Visa Rewarder offers cardholders a six-month introductory balance transfer rate of 0 per cent, a moderate amount of interest-free days and a moderately high interest rate.
This credit card does have a moderate annual fee which can be waived if cardholders spend more than $12,000 each year on the card.
The Coastline Credit Union Visa Rewarder lets you earn rewards points on eligible purchases. For every $150 spent, you’ll earn $1 worth of Coastline reward points, which can be used to pay for goods or services anywhere EFTPOS is accepted in Australia.
The maximum number of loyalty points cardholders can earn during each membership month is capped at 15,000 loyalty points.
This card has a moderately high late payment fee and high foreign currency conversion fees.
- Moderate interest rate
- Moderate interest-free period
- Free additional cardholder
- Annual fee charged
- Late payment fee charged
- High overseas spending fees
Who is it good for?
The Coastline Credit Union Visa Rewarder may be suitable for current customers of Coastline Credit Union who are looking to take out a rewards card and consolidate all their banking under one roof.
The high interest rate and fees probably make this card unsuitable for customers looking to cut costs and save. While this card does offer a 0 per cent balance transfer for six months, the standard rate is on the high side, which makes this an expensive option once the promotional period has ended.
The high foreign transaction fees and lack of complimentary insurances make this card less suitable for frequent flyers.
While cardholders can turn their eligible purchases into Coastline Rewards benefits, frequent flyers may find better value in a card that offers complimentary travel insurance and is linked to a frequent flyer program.
What RateCity says
The Coastline Credit Union Visa Rewarder offers little value to those who are not existing Coastline Credit Union customers. The card has a moderate interest-free period which is comparable with other cards on the market.
The Coastline Rewards program offers $1 or every $150 spent on eligible purchases. For cardholders who spend regularly and always pay their entire monthly balance off, there may be other reward cards on the market that offer a higher earn rate.
Frequent flyers won’t benefit much from the card as this card doesn’t offer complimentary insurance and has high foreign transaction charges.
While the six-month, 0 per cent balance transfer deal may be an incentive for those looking to consolidate debt, there wouldn’t be much value once the introductory deal has ended.
It might be worth comparing your options and looking for a card that offers no annual fee with a rewards program.
To be eligible for the Coastline Credit Union Visa Rewarder, you’ll need to be 18 years or older and be an Australian citizen or resident. You will need to provide proof of employment and income and proof of ID. You are not eligible for this card if you have been bankrupt. Applications for the Coastline Credit Union Visa Rewarder can be made online or in branch. Existing Coastline Credit Union customers can access the application through their internet banking.
About Coastline Credit Union
For more than 40 years, Coastline Credit Union has been offering its members access to a range of competitive financial products and services. Unlike traditional banks, Coastline is owned by its members and not its shareholders, which means that profits are reinvested back into the bank and local community. Coastline Credit Union membership is open to any Australian resident. Coastline customers can contact the credit union via phone, online or in one of their six branches.