Balance Transfer Rate
Max Free Days
- Free supplementary cards
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
Cash advance fee
Balance Transfer Rate
Balance Transfer Rate
max card limit
Balance Transfer Fee
Foreign Exchange Fee
2.85% on Visa
Estimated ATM Cost
for AU $300 withdrawal
|1 point for $1 spent||Visa||uncapped||eligible transactions|
- FREE SUPPLEMENTARY CARDS
Balance Transfer not available
Compare and review credit cards with similar features
Bendigo Bank Low Rate Mastercard
for 12 months then $45
Balance Transfer0% on Balance Transfers for 6 months. $0 annual fee in Year 1 then reverts to $45. Get a $150 Woolworths Supermarket Gift Card when you spend $1k in 60 days.
Hume Bank is a customer-owned bank. It was established in 1955 as the Hume Co-Operative Building & Investment Society. After several name changes, the society settled on the name Hume Bank in 2014.
Hume Bank has been a part of the Albury-Wodonga region for over 60 years, and the bank’s branch and ATM operation remain in the area. Currently, Hume Bank employs over 150 staff and serves over 58,000 customers.
The Hume Bank Clear Visa credit card has a high credit limit and a moderate late payment fee. The card charges a low annual fee, but this fee is waived when the card holder reaches a certain annual spend threshold. This card has moderate interest rates and a moderate number of interest-free days. Customers are permitted additional card holders (age 16 and older) at no extra cost.
The Hume Bank Clear Visa credit card has an associated rewards scheme that allows customers to earn loyalty points, which can then be redeemed for cash rewards. The card earns at a rate of 1 loyalty point for every $1 spent. The value of loyalty points is $1 for every 400 points.
The Hume Bank Clear Visa credit card is protected with Verified by Visa, which provides extra safety for online purchases.
- Free additional cardholders
- Earns loyalty points
- High credit limit
- No complimentary insurance
- No frequent flyer points
- Annual fee may be charged
Who is it good for?
The Hume Bank Clear Visa credit card may be suitable for consumers who want to engage in a rewards scheme, but don’t want to pay high rates and fees. This card may also suit those who spend regularly on their card, as this will allow card holders to make the most of the rewards program. This card may also suit those who want credit card rewards, but have no use for frequent flyer miles or merchandise.
The Hume Bank Clear Visa credit card is not a particularly good fit for budget card holders. While this card charges only moderate interest rates, customers who struggle to pay their credit card debt can find cards with lower interest rates and a longer interest-free period.
This card may not be ideal for customers who want a card for use overseas.
What RateCity says
The Hume Bank Clear Visa credit card charges moderate interest rates and waives its annual fee when the customer spends above a certain threshold. However, the benefits this card provides for both budget customers and reward-seekers are few.
The Hume Bank Clear Visa card does not offer a discounted introductory interest rate, nor does it offer any special deal on balance transfers. While the card’s standard interest rates are not high, budget card holders can find cards with lower interest rates and beneficial balance transfer offers, which would help them better manage their spending.
Although the Hume Bank Clear visa card has an associated rewards scheme, it doesn’t offer rewards-seekers a lot of choice. Loyalty points can only be redeemed for cash rewards, and card holders must reach 400 loyalty points to receive $1 in rewards.
To be eligible for the Hume Bank Clear Visa credit card, you must be at least 18 years old. You must be either an Australian citizen or an Australian permanent resident. Applicants can apply online in just 15 minutes through a secure online portal. You can save your online application to complete at a later time. When applying, you’ll need to provide photo ID, such as an Australian driver’s licence or passport, as well as details of your income.
About Hume Bank
Hume Bank is an Australian customer-owned financial institution headquartered in Albury, New South Wales. In 1955, Hume Bank was established as the Hume Co-operative Building & Investment Society Ltd., changing its name several times before becoming Hume Bank in 2014. Hume Bank has grown to employ over 150 staff and serve over 58,000 customers. Their financial offering includes both personal and business banking solutions, such as bank accounts and credit cards.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.
The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.
However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
There are two reasons you should check your credit rating: so you have a better understanding of your financial position, and so you can take action (if necessary) to improve your credit rating.
Lenders use credit ratings or credit scores to assess loan applications. The higher your score, the more likely you are to get approved, and the more likely you are to be charged lower interest rates and lower fees. Conversely, the lower your credit score, the less likely you are to get approved, and the more likely you are to be charged higher interest rates and higher fees.
Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.
A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card.
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.