Rewards Card

Compare

Basic

Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
$50,000
Minimum credit limit
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
2.5
Number free supplementary
Number free supplementary
4
Annual Fee
Annual Fee
$0
for 12 months then $79
Late Payment Fee
Late Payment Fee
$0
Over limit fee
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$2
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
$50,000
Minimum credit limit
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
2.5
Number free supplementary
Number free supplementary
4
Annual Fee
Annual Fee
$0
for 12 months then $79
Late Payment Fee
Late Payment Fee
$0
Over limit fee
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$2
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
18.99%
Cash advance rate
Cash advance rate
20.49%
Purchase Rate
Purchase Rate
18.99%
Cash advance rate
Cash advance rate
20.49%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 18.99%
Transfer Limit
Transfer Limit
$50,000
max card limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 18.99%
Transfer Limit
Transfer Limit
$50,000
max card limit
Balance Transfer Fee
Balance Transfer Fee
$0

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$3.5
Estimated ATM Cost
Estimated ATM Cost
$12.5
for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$3.5
Estimated ATM Cost
Estimated ATM Cost
$12.5
for AU $300 withdrawal

Rewards

Program name
Program name
Summerland Cashback Rewards
Rewards Available
Rewards Available
Cash Back
Program name
Program name
Summerland Cashback Rewards
Rewards Available
Rewards Available
Cash Back

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisaUp to $100,000 annuallyeligible purchases

Perks

  • Free Supplementary Cards

Features

The Summerland Credit Union Rewards Card has a moderately high interest rate, a moderate annual fee (waived for the first year) and no late payment fee. It also has a moderate interest-free period and a low minimum credit limit.

This card’s rewards program – Summerland Cashback Rewards – allows cardholders to earn rewards points for every dollar spent on eligible purchases. Rewards points are converted to cash and credited back to the account every six months.

Balance transfers to this card are subject to a 0 per cent interest rate for an introductory period, after which the balance reverts to the standard interest rate. Four free supplementary cards are also allowed.

With regards to security, customers are covered by Visa’s Zero Liability policy for fraudulent or unauthorised transactions. Visa payWave also enables tap-and-go purchases in-store for transactions under $100.

Pros
  • Rewards program
  • No late payment fee
  • Balance transfer offer
Cons
  • Moderately high interest rate
  • High international transaction fees
  • No complimentary insurance

 

Who is it good for?

This card may suit people who want to be rewarded for using a credit card but would rather have cashback credited to their account instead of redeeming gift cards, frequent flyer points and the like.

It may also suit customers who are looking to transfer and pay off existing debt as they can do so without having to pay interest (assuming the balance is paid off during the offer period).

Additionally, the Summerland Credit Union Rewards Card may suit those who want to share an account as it allows free additional cardholders, and therefore increases the rewards-earning potential.

On the other hand, this card isn’t particularly appropriate for frequent travellers as it isn’t compatible with any frequent flyer programs, doesn’t come with complimentary travel insurance and attracts high overseas fees.

This card also isn’t especially suited to those on a strict budget due to its moderately high interest rate.

What RateCity says

The Summerland Credit Union Rewards Card offers some advantages but perhaps not enough to justify its moderately high interest rate.

If you are specifically looking for a credit card that offers cashback in the form of account credit, this card may be a good choice for you. The allowance for free additional cardholders is also nice to have as it allows points to be earned faster.

However, if you’re looking for a general rewards card and aren’t hugely concerned about the interest rate, you may be better off shopping around for a card with a longer list of benefits, like complimentary insurance, a bonus points offer or a more flexible rewards program.

Conversely, if you’re searching for a card that offers value for money, it could be worth doing some additional research to find one with a lower interest rate and comparable fees. 

Applying/eligibility

The eligibility requirements for the Summerland Credit Union Rewards Card state that you must be at least 18 years old, an Australian citizen or permanent resident with the right to work and currently in paid employment. As part of the application process, you will need to pass an identity check, and provide information about your employment, income, assets and any outstanding debt you have. You can complete the application form online or at a Summerland Credit Union branch. 

About Summerland Credit Union

Summerland Credit Union is a customer-owned credit union established in 1964 and based on the North Coast of New South Wales. The credit union provides banking products such as credit cards, personal loans, home loans, bank accounts and savings accounts, as well as insurance products and various business and community services. Summerland Credit Union offers internet banking services, a mobile banking app, and customer service via phone, email and in-branch (located throughout northern NSW).

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