BankVic is member-owned and offers its products to police, health, public service and emergency services workers as well as their friends and family. If that sounds like you, and if you’re after a convenient and cost-effective credit card, then check out the options from BankVic below.
Rates and fees verified as correct at 21 February, 2020. Other information correct at the time of writing.
Do you tend to carry a balance on your credit card? A low rate option from BankVic might be just what you need to help keep interest costs as low as possible. This card is great for spenders who are after the convenience of a credit card, without the hassle.
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
| 6.99% p.a. for 6 months then 11.95% p.a. | 6.99% p.a. for 6 months and then 11.95% p.a. | $0 | 44 |
Keep your credit card bill at rock bottom with an annual fee free credit card from BankVic. Also packing a low interest rate, this card is a perfect addition to the thrifty spenders wallet.
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
| 6.99% p.a. for 6 months then 16.95% p.a. | 6.99% p.a. for 6 months and then 16.95% p.a. | $0 | 55 | |
| 6.99% p.a. for 6 months then 16.95% p.a. | 6.99% p.a. for 6 months and then 16.95% p.a. | $50 | 55 | |
| 6.99% p.a. for 6 months then 11.95% p.a. | 6.99% p.a. for 6 months and then 11.95% p.a. | $0 | 44 |
Sick of trying to work out how much your rewards points are worth? A rewards card from BankVic does away with that problem - your rewards are credited back to your card in dollar form, so you know exactly what you’ve earned. Check it out below:
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees |
|---|---|---|---|---|
| 0.5 points per dollar on Visa, up to $5,000 per month | 6.99% p.a. for 6 months then 16.95% p.a. | 6.99% p.a. for 6 months and then 16.95% p.a. | $0 | |
| 1 point per dollar on Visa, up to $5,000 per month | 6.99% p.a. for 6 months then 16.95% p.a. | 6.99% p.a. for 6 months and then 16.95% p.a. | $50 |
| Product | Points per dollar | Purchase rate | Balance transfer rate | Annual fees |
|---|---|---|---|---|
| 0.5 points per dollar on Visa, up to $5,000 per month | 6.99% p.a. for 6 months then 16.95% p.a. | 6.99% p.a. for 6 months and then 16.95% p.a. | $0 |
If you opt for the Silver low rate credit card from BankVic, you’ll have a period of up to 44 days in which to pay off purchases before being charged interest on them. If you opt for the Gold rewards card, you’ll have slightly longer, up to 55 days.
Remember to use these days to their full potential and try to pay off balances before your interest free period is up to save money on your credit card bill!
You’ll be up for cash advance and foreign exchange fees no matter which BankVic credit card you choose. If you're after a rewards option, you’ll pay an annual fee for the privilege, but if you’re looking for a convenient low rate card, you can forget about the annual fee entirely.
Each time you get a credit card statement from BankVic, it will show both the minimum payment you need to make, as well as how much you’d need to pay if you wanted to banish your entire credit card debt within two years.
The minimum payment will be either 2.5% of your closing balance or $20, whichever is greatest. If your balance is lower than $20, you’ll have to pay the whole thing. Plus, any past due or overlimit charges will also have to be paid as part of your monthly minimum.
You can do a balance transfer on either one of the credit cards on offer from BankVic. The zero interest period is relatively short compared to a lot of other balance transfer deals though, so make sure you have a payment plan in place to blast your debt before the interest free period is up. If you don’t, any leftover balance will then begin to accumulate interest at the regular rate.
A BankVic credit card may be the perfect addition to a globetrotting wallet. Because they work on the VISA network, BankVic credit cards enable you to access funds all around the world to make your international travel that much easier. Just be sure to keep one eye on the foreign exchange rates!
Yep! PayWave is a VISA scheme, so it will work on any VISA card with an enabled chip. So for small purchases under $100, you can simply tap your card and be on your way. For more information on how it all works, check out our on contactless payments guide.
If you opt for a rewards card from BankVic, you’ll get a bunch of free perks, like complimentary travel insurance, extended warranty and purchase protection. You’ll also get the chance to earn rewards with your spending - but not by accumulating rewards points.
Instead of all the inconvenience of trying to calculate rewards points, your rewards are instead credited directly back to your credit card in dollar form - so you’ll know exactly what you have to spend, and be able to spend it anywhere you like.
Now for the nitty gritty details:
You earn $1 for every $250 spent
Points are capped at $5,000 value monthly
Points have no expiry date
Although credit card fraud is a risk associated with using your credit card, there are security measures that BankVic take to limit that risk.
BankVic monitor your card 24/7 for suspicious behaviour with a fraud management service called ORION, so that they can contact you and freeze your card if anyone does start using it inappropriately.
While that’s great for your security, it also means you should remember to contact BankVic and let them know if you’re going overseas and using your credit card - a few bar tabs in Tahiti might start to look suspicious otherwise!
Mozo users have rated BankVic credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
BankVic has great customer service.
BankVic has great customer service.
John, Victoria, reviewed 4 months ago
They do what they are supposed to do, look after your funds'. Any unusual transactions on your account, they'll contact you to confirm or deny the transaction.
They do what they are supposed to do, look after your funds'. Any unusual transactions on your account, they'll contact you to confirm or deny the transaction.
Colin, Victoria, reviewed almost 2 years ago
Fantastic bank and will ring me if they are unsure of transactions
Fantastic bank and will ring me if they are unsure of transactions
Kerry, Victoria, reviewed about 4 years ago
Not accepted everywhere, so find I can't use it all the time.
Not accepted everywhere, so find I can't use it all the time.
Mark, Victoria, reviewed over 4 years ago
Customer service is second to none and their products and loans are great value. Their branches are a bit hard to get to, but account access via cards and electronic means is simple.
Customer service is second to none and their products and loans are great value. Their branches are a bit hard to get to, but account access via cards and electronic means is simple.
Andrea, Victoria, reviewed over 4 years ago
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To apply for a credit card with BankVic, you must be a member, and to apply for membership, you’ll need to be either:
or
If you fit these eligibility requirements, you can apply online, over the phone, via fax or in a branch. To do so, have these details handy:
