Balance Transfer Rate
Max Free Days
- No Annual Fee
- 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
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
2.85% on Visa
Estimated ATM Cost
for AU $300 withdrawal
- FREE SUPPLEMENTARY CARDS
Balance Transfer not available
Compare and review credit cards with similar features
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 Value Visa credit card has a moderately low interest rate, no annual fee and a moderate interest-free period. It also has a low minimum credit limit and a moderately high maximum credit limit.
Three additional cards are allowed with the Hume Bank Value Visa card at no extra cost. Balance transfers are allowed, but the card does not come with an introductory balance transfer deal.
The Verified by Visa service gives cardholders added security when making online purchases at participating merchants by allowing them to enter a chosen password during the checkout process. Visa PayWave also enables tap-and-go payments in-store.
A foreign exchange fee is applied for any overseas purchases made on the Hume Bank Value Visa card.
There is no complimentary insurance or rewards program associated with this card.
- Moderately low interest rate
- No annual fee
- Three free additional cardholders
- No rewards program
- No complimentary insurance
- No balance transfer offer
Who is it good for?
The Hume Bank Value Visa credit card might be good for people who want a basic credit card without having to worry too much about unnecessary fees or high rates.
With a moderately low interest rate, it could suit people who occasionally need to use a credit card but aren’t always able to clear their monthly debt.
It’s also especially good for couples and other people who want to share an account due to its allowance for three additional cardholders at no extra cost.
Because there is no balance transfer deal associated with the Hume Bank Value Visa credit card, it probably isn’t the best option for people wanting to consolidate existing debt.
It also isn’t particularly suited to people who use a credit card often and pay their bill on time, because it doesn’t offer much in the way of additional perks or benefits for spending.
What RateCity says
This is a well-rounded card that offers most of the benefits you might expect from a standard credit card. The $0 annual fee and moderately low interest rate together mean this might be an attractive option for the typical budget cardholder.
However, this card’s interest rate isn’t the lowest on the market – so it’s worth comparing its benefits against other comparable cards before making a decision.
For example, you might find a card with a slightly higher annual fee or interest rate but more benefits (like a rewards program).
Alternatively, if you really want to cut costs, you could choose a card with a lower interest rate or an introductory 0 per cent interest rate.
Finally, if you’re thinking about switching lenders and still have debt on another card, you may want to shop around for a card with an introductory balance transfer offer.
The eligibility requirements for the Hume Bank Value Visa credit card state that you must be at least 18 years old and an Australian citizen or permanent resident. You also need to be a customer of Hume Bank; or if not, a lending consultant will contact you directly. When you apply online or at a branch, you will be asked to provide proof of ID as well as information about your income, employment and financial standing.
About Hume Bank
Hume Bank, formerly known as Hume Building Society, is a regional mutual financial institution that serves approximately 58,000 customers, primarily in north-eastern Victoria and southern New South Wales. Hume Bank provides personal finance products such as everyday bank accounts, savings accounts, personal loans, home loans and credit cards. Customers can self-manage their banking through the iBank internet banking portal and mobile app, by phoning the bank’s call centre or by visiting a branch.
Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.
The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.
Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.
Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.
CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.
A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection.
If you’re using Mastercard or Visa, the CVV is the three digits located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.