Visa Credit Card

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Pros:
  • No Annual Fee
Cons:

    Basic

    Card Level
    Card Level
    Standard
    Interest Free Days
    Interest Free Days
    55
    Maximum credit limit
    Maximum credit limit
    $25,000
    Minimum credit limit
    Minimum credit limit
    $1,000
    Minimum repayment dollars
    Minimum repayment dollars
    $0
    Minimum repayment percent
    Minimum repayment percent
    3
    Number free supplementary
    Number free supplementary
    4
    Annual Fee
    Annual Fee
    Late Payment Fee
    Late Payment Fee
    $10
    Over limit fee
    Over limit fee
    $0
    Duplicate statement fee
    Duplicate statement fee
    $7
    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
    $25,000
    Minimum credit limit
    Minimum credit limit
    $1,000
    Minimum repayment dollars
    Minimum repayment dollars
    $0
    Minimum repayment percent
    Minimum repayment percent
    3
    Number free supplementary
    Number free supplementary
    4
    Annual Fee
    Annual Fee
    Late Payment Fee
    Late Payment Fee
    $10
    Over limit fee
    Over limit fee
    $0
    Duplicate statement fee
    Duplicate statement fee
    $7
    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
    7.9%for 6 months then 11.5%
    Cash advance rate
    Cash advance rate
    7.9% for 6 months then 11.5%
    Purchase Rate
    Purchase Rate
    7.9%for 6 months then 11.5%
    Cash advance rate
    Cash advance rate
    7.9% for 6 months then 11.5%

    Balance Transfer

    Balance Transfer Rate
    Balance Transfer Rate
    7.9%for 6 months then 11.5%
    Transfer Limit
    Transfer Limit
    100%of the chosen credit limit
    Balance Transfer Fee
    Balance Transfer Fee
    $0
    Balance Transfer Rate
    Balance Transfer Rate
    7.9%for 6 months then 11.5%
    Transfer Limit
    Transfer Limit
    100%of the chosen credit limit
    Balance Transfer Fee
    Balance Transfer Fee
    $0

    Overseas spending

    Foreign Exchange Fee
    Foreign Exchange Fee
    2.45% on Visa
    Overseas charges
    Overseas charges
    $4
    Estimated ATM Cost
    Estimated ATM Cost
    $11.35for AU $300 withdrawal
    Foreign Exchange Fee
    Foreign Exchange Fee
    2.45% on Visa
    Overseas charges
    Overseas charges
    $4
    Estimated ATM Cost
    Estimated ATM Cost
    $11.35for AU $300 withdrawal

    Rewards

    Program name
    Program name
    Rewards Available
    Rewards Available
    Program name
    Program name
    Rewards Available
    Rewards Available

    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

    Perks

    • Free Supplementary Cards

    Features

    The UniBank Visa credit card has no annual fee, a low late payment fee and a high credit limit. This card provides a very low introductory interest rate for the first six months, followed by moderately low standard interest rates and a moderate number of interest-free days. This card does not have an associated rewards scheme.

    The UniBank Visa credit card offers several layers of security, such as secure chip card technology. The card also employs Visa’s Zero Liability policy, which means card holders are not held responsible for unauthorised or fraudulent transactions made on the card. Customers are also able to call a 24-hour hotline for lost or stolen cards.

    Card holders can make fast and convenient payments up to $100 with Visa payWave. This card is also compatible with Google Pay, Samsung Pay and Apple Pay.

    Pros
    • No annual fee
    • High credit limit
    • Very low introductory interest rate
    Cons
    • No rewards scheme
    • No frequent flyer points
    • No complimentary insurance

    Who is it good for?

    The Unibank Visa credit card might be suitable for budget card holders who are not confident about paying their credit card bill in full each month. These customers will enjoy six months with very low introductory interest rates. When the offer has expired, card holders will still be charged a moderately low rate. Card holders can also take advantage of the moderate interest-free period.

    This credit card is not well-suited to customers who are looking to receive rewards for their spending. The card does not have an associated rewards scheme, so customers are not able to earn points or miles on eligible purchases. Potential card holders in search of credit card rewards may be better suited to a card that maintains reasonable fees but offers a rewards program as well.

    What RateCity says

    The UniBank Visa credit card provides a no-fee card with moderately low interest rates. This card may be a reasonable choice for UniBank members who want a simple credit card, but don’t always clear their credit card debt each month. Budget card holders can also take advantage of six months at a very low interest rate, which may help some customers take control of their debt.

    While this card is sensible for budget card holders, it offers few benefits for those who spend regularly on their card and pay their bill in full each month. The card does not allow customers to earn points or frequent flyer miles on their purchases, which may deter high spenders who have the potential for high earnings within a reward scheme. Those who spend regularly and are confident about paying in full should consider looking elsewhere.

    Applying/eligibility

    To be eligible for the UniBank Visa credit card, you must be a member of UniBank. Non-members can easily join when they apply for the card. You must be at least 18 years old to apply. Card holders can apply in just 15 minutes through a secure online portal. When applying, you’ll need to provide photo ID, such as a passport, as well as details on your income and expenses.

    About UniBank

    UniBank is an Australian customer-owned institution focused on staff and students in the university sector. UniBank was founded in 1964 as the University Staff Credit Society Limited. When the University Staff Credit Society Limited merged with Teachers Mutual Bank, UniBank was born. UniBank provides their customers with an array of financial products including bank accounts, credit cards, home loans, personal loans, insurance and financial planning. UniBank also offers travel services such as overseas money transfers and foreign cash.

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