Nexus Mutual Credit Cards

Why choose Nexus Mutual

Benefits

Low interest rate option
Low late payment fee
Includes Verified by Visa

Drawbacks

No interest-free period on some cards
No frequent flyer points
No sign-on bonuses

About Nexus Mutual credit cards

Nexus Mutual provides fewer credit card options than larger banks in Australia, but offers both low-rate and platinum cards to suit a wide range of customers. Nexus Mutual’s offering does not include frequent flyer or travel credit cards.

Because Nexus Mutual is owned by its members rather than shareholders, it is able to provide customers with reasonably low rates and fees, particularly within their low rate options. Nexus Mutual credit card rates range from very low to moderately high, depending on the card you choose. In general, rewards and platinum customers pay higher interest rates.

Nexus Mutual credit cards include an interest-free period ranging from no interest-free days to a moderate number of interest-free days.

Nexus Mutual credit card fees also vary, with annual fees ranging from moderately low to moderate. Customers are subject to a low late payment fee.

Nexus Mutual credit cards review

Nexus Mutual offers both low-rate and platinum credit cards, making its offering potentially suitable for both budget and rewards-seeking customers. Budget customers will enjoy an introductory balance transfer offer, which allows card holders to transfer existing debt to a new account. However, those who struggle to pay their debt in full each month should consider the interest-free period on Nexus Mutual low-rate credit cards.

Nexus Mutual provides platinum options for customers who want to earn rewards as they spend. Rewards cards issued by Nexus Mutual include a cashback rewards scheme. Nexus Mutual rewards card customers also gain access to Visa Platinum Concierge Service and a range of complimentary insurance policies, such as overseas travel insurance.

All Nexus Mutual credit cards are accepted worldwide and are automatically enrolled in Verified by Visa for additional online security.

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About our expert

Nick Bendel

Property & Personal Finance Writer

A property and personal finance writer, Nick Bendel covered 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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Nexus Mutual credit cards

Why choose Nexus Mutual

Benefits

Drawbacks

Nexus Mutual Credit Cards

On this page

About Nexus Mutual credit cards

Nexus Mutual credit cards review

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About our expert

Did you find this page helpful?

On this page

About Nexus Mutual credit cards

Nexus Mutual credit cards review

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