The Community First Credit Union Low Rate Visa Credit Card offers cardholders a very low ongoing interest rate. This low rate also applies to balance transfers and cash advances.
In addition to the very low interest rate, this card offers a moderate amount of interest-free days, which is comparable to other cards on the market.
This card has a moderately low annual fee and a moderately high late payment fee.
Cardholders who use their Community First card overseas, or to shop online through an international retailer, will have to pay an international currency conversion fee of 3 per cent.
While this card doesn’t have a rewards program, cardholders can get access to pre-sale tickets and exclusive offers through Visa Entertainment – a complimentary service offered to Visa cardholders.
Cardholders are covered by Visa’s Zero Liability, which means you’re not held responsible for fraudulent or unauthorised transactions.
- Low interest rate
- Moderate interest-free period
- Low annual fee
- No rewards program
- No complimentary insurance
- High overseas spending fees
Who is it good for?
The Community First Credit Union Low Rate Visa Credit Card is a no-frills card that may suit customers looking to cut costs and save money.
Much like other low-rate cards, this Community First card isn’t linked to any frequent flyer or rewards program and doesn’t have added features like complimentary insurance or concierge service.
The Community First Credit Union Low Rate Visa Credit Card may suit those looking for a simple, cost-effective card that’s easy to manage and gives you the potential to pay off your balance.
If you’re not in the habit of paying off your monthly balance in full, opting for a low-rate card like the Community First Visa card could help you save.
Those looking to consolidate debt via a balance transfer may be better suited to a low-rate card that offers a 0 per cent balance transfer promotion.
What RateCity says
The Community First Credit Union Low Rate Visa Credit Card is a competitive low-rate card that gives cardholders access to a very low interest rate which is standardised across purchases, balance transfers and cash advances.
This no-frills card is best suited to those customers who carry a balance forward each month. To avoid unnecessary interest charges, it’s always recommended that you pay your monthly balance in full. While the balance transfer rate is low, this card doesn’t offer a promotional incentive.
Cardholders looking for extra peace of mind will be covered against fraudulent or unauthorised transactions with Visa’s Zero Liability Policy.
High international conversion fees apply to any purchases made in a foreign currency, including transactions made online with an international retailer.
Cardholders who spend regularly and always pay their balance in full each month may be better off comparing low-rate cards that offer rewards or frequent flyer points.
To be eligible for the Community First Credit Union Low Rate Visa Credit Card you’ll need to be 18 years or older and be an Australian citizen or resident. You’ll need to show that you’ve been employed for at least three months, provide proof of income and proof of ID. This card requires a good credit rating. Applications can be made online, over the phone or by visiting a branch.
About Community First Credit Union
Community First Credit Union Limited has been operating since 1959. Being a mutual organisation means that the credit union is owned and run for the benefit of its members and community, and not for external shareholders. With 15 branches, Community First Credit Union Limited is considered one of the largest community-based credit unions across the Sydney and Central Coast region. Community First Credit Union customers can contact the credit union via phone, online or in store.