BankVic credit cards

BankVic
BankVic's overall rating for credit cards

(as rated by the Mozo community)

8.3 / 10

based on 32 reviews

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 16 November, 2018. Other information correct at the time of writing.

What credit cards do BankVic offer?

Low rate credit cards Low rate credit cards

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

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


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Low fee credit cards Low fee credit cards

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

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


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Rewards credit cards Rewards credit cards

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.

$95

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


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Frequent flyer credit cards Frequent flyer credit cards

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.

$95


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**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.

Frequently Asked Questions about BankVic credit cards

What is the interest free period on my BankVic credit card?

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!

What fees might I be charged?

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.

What’s the minimum repayment amount I must make?

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.

Can I use my BankVic credit card for a balance transfer?

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.

Can I use my BankVic credit card while I’m travelling overseas?

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

Does payWave work with my BankVic credit card?

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.

What rewards options do I have with my BankVic credit card?

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

How does BankVic protect me from credit card fraud?

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!

How are BankVic credit cards rated?

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 credit cards

Overall 8.3

Price

Features

Customer service

Convenience

Trust

32 Reviews

Recent BankVic credit card reviews Recent BankVic credit card reviews

BankVic

BankVic credit card review

Overall rating   9 / 10

Customer service is good

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.

Full review

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.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   5 / 10

    Trust   9 / 10

Less

Colin, Victoria, reviewed 8 months ago

BankVic

BankVic credit card review

Overall rating   10 / 10

Best bank ever

Fantastic bank and will ring me if they are unsure of transactions

Full review

Fantastic bank and will ring me if they are unsure of transactions

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Kerry, Victoria, reviewed almost 3 years ago

BankVic

BankVic credit card review

Overall rating   3 / 10

Not accepted everywhere

Not accepted everywhere, so find I can't use it all the time.

Full review

Not accepted everywhere, so find I can't use it all the time.

    Price   1 / 10

    Features   8 / 10

    Customer service   1 / 10

    Convenience   2 / 10

    Trust   4 / 10

Less

Mark, Victoria, reviewed about 3 years ago

BankVic

BankVic Visa Silver credit card review

Overall rating   8 / 10

Great products and customer service

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.

Full review

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.

    Price   7 / 10

    Features   4 / 10

    Customer service   9 / 10

    Convenience   4 / 10

    Trust   10 / 10

Less

Andrea, Victoria, reviewed about 3 years ago

BankVic

BankVic Visa Silver credit card review

Overall rating   8 / 10

Great service, very low credit rate, $0 annual fee

Very friendly and helpful staff. Unfortunately few branches, thus may not suit person needing face to face banking. On-Line and Phone Banking very easy.

Full review

Very friendly and helpful staff. Unfortunately few branches, thus may not suit person needing face to face banking. On-Line and Phone Banking very easy.

    Price   10 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Nicolette, Victoria, reviewed about 3 years ago

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What do you need to apply for a BankVic credit card? What do you need to apply for a BankVic credit card?

To apply for a credit card with BankVic, you must be a member, and to apply for membership, you’ll need to be either:

  • A police force member
  • Involved in health, emergency or public services
  • A family member of one of the above
  • Working within 5km of the BankVic offices
  • Invited by someone who has been a member for at least 12 months

or

  • Approved by the Chief Executive Officer or an Executive Manager of Police Financial Services Limited

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:

  • Your member number
  • Details of your employment, income and living expenses
  • Details of your assets such as property, vehicles, savings, shares and super
  • Details of any amounts you currently owe, on loans or other credit card
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