Bank Australia Visa Credit Card

12.39% p.a.

No current offer

$0

Bank Australia Visa Credit Card Review

Rates and fees information correct as at 22 April 2018.

Review published: 29 April 2014

What's hot:

  • Multiple Mozo Experts Choice Award Winner 2017

  • 12.39% purchase rate

  • $0 annual fee

  • 55 interest free days

What's not:

  • Limited branches but internet and phone banking available 24/7

Mozo snapshot:

The Bank Australia Visa Credit Card is a great all round option, which is why it picked up two Mozo Experts Choice Awards 2017 for Best Travel Credit Card and Low Rate Travel Credit Card, not to mention one for best No Annual Fee Credit Card. It is 100% free to keep in your wallet with a $0 annual fee and it's got a low purchase rate of 12.39%, so you won't end up paying sky high interest if you occasionally carry over a balance. Plus its got one of the lower foreign exchange fees of all credit cards at 2% making it a good card to take travelling.


Key features:

With the Bank Australia Visa Credit Card if you pay off your balance in full each month you will get up to 55 days interest free. The standard interest rate for the card is 12.39% for both purchases and cash advances. Just be aware that there are no interest free days on cash advances so only do this sparingly, preferably use your ATM or debit card instead.

You can take your Bank Australia Visa Credit Card overseas or use in Australia where ever Visa cards are accepted. There is a 2% foreign exchange margin for overseas purchases. 

It is best to automate your repayments but it is good to know that bankmecu won't punish you with late payment fees for the occasional late payment.

Who it's good for:

Anyone looking for a simple everyday credit card that can be used here or overseas that wont cost an arm and a leg.

It is also a good card if you do all you don't want regular branch access. There are a limited number of bankmecu branches but internet banking, phone banking and services like Australia post's gyroPost are available so managing your account should be very easy. 

Any catches?

While you can use the credit card overseas, just be aware that if you need an emergency replacement card while travelling, they don't come cheap. It will cost you $US 175 for a replacement card if you are overseas or $20 if you are in Australia. Be sure to pack a back up card or prepaid travel card.

How are Bank Australia credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.7

Based on 15
Bank Australia credit cards reviews

7.7 7.1 7.7 7.4 7.9

Read Bank Australia credit card reviews by the Mozo community

Latest reviews of Bank Australia Visa Credit Card

Bank Australia

Bank Australia Visa Credit Card credit card review

Overall rating   8 / 10

Competitive, great value for money.

Bank Australia keeps me informed about their activities and the market. I feel safe with them.

Full review

Bank Australia keeps me informed about their activities and the market. I feel safe with them.

    Price   7 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   5 / 10

    Trust   8 / 10

Less

Alexandra (VIC), reviewed about 2 years ago

Bank Australia

Bank Australia Visa Credit Card credit card review

Overall rating   10 / 10

Great bank to be with will recommend to join

Always helpful - always willing to give help never pushy will never charge interest before calling you.

Full review

Always helpful - always willing to give help never pushy will never charge interest before calling you.

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Theo (NSW), reviewed about 2 years ago

Bank Australia

Bank Australia Visa Credit Card credit card review

Overall rating   10 / 10

Great customer service

Great customer service

Full review

Great customer service

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jean (NT), reviewed over 2 years ago

Bank Australia

Bank Australia Visa Credit Card credit card review

Overall rating   10 / 10

Reliable

    Price   4 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Erin (NSW), reviewed over 2 years ago

Bank Australia

Bank Australia Visa Credit Card credit card review

Overall rating   7 / 10

Friendly and competitive

I love this card. Never fails when buying on eBay. Fees are $2.00/month, as long there is money in card it is great. Only thing I don't like is I can't do a transfer on atm. You have to use the service desk or online .

Full review

I love this card. Never fails when buying on eBay. Fees are $2.00/month, as long there is money in card it is great. Only thing I don't like is I can't do a transfer on atm. You have to use the service desk or online .

    Price   7 / 10

    Features   4 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Marie (VIC), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • 12.39% p.a.

  • none

  • No current offer

  • none

  • 12.39% p.a.

  • 55

Fees

  • $0.00

  • none

  • none

  • none

  • $0.00

  • $3.50

  • 3.00%

  • $3.00

  • $26.00

  • none

Other financial bits

  • $20.00

  • 2.5

Features

  • none

  • none

  • none

About Bank Australia

Bank Australia is a customer owned bank. Formerly bankmecu, Bank Australia has over 130,000 customers which act as shareholders of the bank. It offers a full range of products including home loans, savings, credit cards and loan products, and because its shareholders are its customers, they benefit from lower rate and fees. Bank Australia also invests up to 4% of its profits in various community projects every year.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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