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Visa Credit Card

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Features

The Woolworths Employees Credit Union Visa credit card has a low annual fee, moderate interest rates and a moderate number of interest-free days. Interest charges are calculated daily and charged monthly. The card also offers fee-free balance transfers.

Because the card is supplied by the Woolworths Employees’ Credit Union (WECU), this card is only available to WECU members. All Woolies employees and their family members are welcome to join WECU.

The Woolworths Employees Credit Union Visa credit card is accepted at over 24 million locations worldwide, so you can use your card anywhere that Visa is accepted.

Card holders are granted access to online banking, which allows customers to manage their account through a secure online portal. Telephone banking is also available for those who prefer to manage their card over the phone.

Pros
  • Fee-free balance transfers
  • Low annual fee
  • Online banking available
Cons
  • No rewards program
  • No frequent flyer points
  • No complimentary insurance

 

Who is it good for?

The Woolworths Employees Credit Union Visa credit card might suit those who are members of WECU and want a simple credit card for everyday spending. The card charges moderate interest rates as well as a moderate interest-free period, so it may be more suitable for those who typically pay their bill in full each month.

The Woolworths Employees Credit Union Visa credit card also offers fee-free balance transfers, which may be helpful to potential card holders that are looking to transfer existing debt to a new card.

This card is only available to members of the Woolworths Employees’ Credit Union. Only Woolworths employees and their family members are able to join the Woolworths Employees’ Credit Union. As such, this is not a feasible credit card for potential card holders who are not current Woolies employees.

What RateCity says

The Woolworths Employees Credit Union Visa credit card may be a practical choice if you are already a member of the Woolworths Employees’ Credit Union, or if you are a Woolworths employee who is planning to become a member. The card offers moderate rates and a low annual fee, which may make it an attractive offer for some Woolworths employees.

However, card holders who struggle to clear their credit card debt each month can find cards on the market with lower interest rates than the Woolworths Employees Credit Union Visa credit card can offer.

In addition, this card does not offer any sort of rewards scheme, which means that card holders do not receive points, cash back or frequent flyer miles for their purchases. While the card’s interest rates are moderate, there are cards with comparable rates that also offer rewards.

Applying/eligibility

The Woolworths Employees Credit Union Visa credit card is only available for members of Woolworths Employees Credit Union (WECU). You must be a Woolworths employee to become a member of WECU. When you apply, you’ll need to provide personal details including name, date of birth, mailing address and phone number. You’ll also need to complete an income summary as well as list your assets. A list of your current loans may also be applicable.

About Woolworths Employees’ Credit Union

Woolworths Employees’ Credit Union, also called WECU, is an Australian credit union. This means that, unlike banks, WECU is owned by its members. WECU has served Woolworths employees for almost 50 years, providing an alternative to large banks and other financial institutions. Woolworths Employees’ Credit Union provides a range of financial products and services such as savings and investment accounts, credit cards, loans, health and others insurances, and financial planning.

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