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Low Rate Visa Credit Card



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Supplementary Cards


The SCU Low Rate Visa Credit Card has a moderately low interest rate, a low annual fee and a moderate interest-free period. It also comes with a low minimum credit limit and a moderately high late payment fee.

Cardholders can take advantage of the Visa Entertainment program, which offers access to events, pre-sale tickets, competitions and more. There is no dedicated rewards program with the SCU Low Rate Visa Credit Card.

One additional cardholder is allowed at no extra cost. Balance transfers are also allowed, but are subject to the cash advance rate.

The SCU Low Rate Visa Credit Card is payWave-enabled, meaning customers can make tap-and-go payments in-store. Customers can also use the Verified by Visa service for online purchases at participating merchants, which provides an additional level of security.

  • Moderately low interest rate
  • Free additional cardholder
  • Low annual fee
  • No rewards program
  • Moderately high late payment fee
  • No complimentary insurance 

Who is it good for?

The SCU Low Rate Visa Credit Card may be a good fit for people who want to reduce unnecessary fees and the risk of debt thanks to its moderately low interest rate, low annual fee and low minimum credit limit.

It may also be suitable for couples or others considering a joint account due to its allowance for a free supplementary card.

However, for those with existing debt, the SCU Low Rate Visa Credit Card may not be the right choice as it doesn’t come with a balance transfer deal – meaning interest begins accruing on transferred balances immediately.

This card may also not suit people who plan to use their credit card for most purchases and pay it off in full each month, as it doesn’t offer any rewards-earning potential for spending on eligible transactions.

What RateCity says

Considering this credit card has a moderately low interest rate, a low annual fee and a low minimum credit limit, the SCU Low Rate Visa Credit Card is a good budget card for occasional use.

With a moderate interest-free period, it’s also possible to make purchases on the card without ever having to pay interest (assuming you clear your debt in full every month).

However, for those planning to use a credit card frequently, the SCU Low Rate Visa Credit Card doesn’t offer rewards or perks like complimentary insurance.

As such, if you’re confident you’ll be able to pay off your balance during the interest-free period, it may be worth doing some further research to see if you can find a more comprehensive credit card that offers rewards for spending.


Applications for the SCU Low Rate Visa Credit Card are open to Australian citizens or permanent residents aged 18 years and over who have a regular, permanent income. To apply, you will need to provide details of your employment, income and living expenses, as well as any assets or liabilities you have. If you are new to SCU, you will also need to provide proof of identification. Applications can be completed online or at an SCU branch.

About SCU

SCU (formerly known as Sydney Credit Union) was established in 1963 to provide financial services to City of Sydney Council members and employees. Today, the credit union provides most of the same financial services and products as any major financial institution, including credit cards, bank accounts, loans and insurance products. Customers can self-manage their accounts through SCU’s internet banking portal and mobile app, or get assistance by phone, email and in-branch.


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.

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