BankVic Visa Silver

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

BankVic Visa Silver Review

Review published: 25 October 2017

What's hot:

  • 2017 Mozo Experts Choice Winner

  • No annual card fee

  • 6.99% introductory purchase rate

  • 44 interest free days

What's not:

  • $15 late payment fee

Mozo snapshot:

BankVic combines both low rates and low fees to make its Visa Silver credit card both extremely affordable upfront and low in ongoing costs. A Mozo Experts Choice winner in 2017 in the low rate category, this credit card comes with a 6-month special 6.99% introductory purchase rate and no annual fee.  

Key features:

One of the most eye-catching features of BankVic’s Visa Silver credit card is its 6.99% introductory purchase rate that lasts for 6 months. After this, you’ll still only pay 11.95% interest on purchases and can avoid that cost entirely if you’re able to make the most of the 44 day interest-free period and pay your balance in full at the end of month. Another attractive aspect of this particular piece of plastic is the relatively low cash advance rate which also sits at 11.95% but keep in mind you need to pay the modest $1.80 cash advance fee when accessing cash with this card.

If you have outstanding debt on another credit card, BankVic also boast an introductory balance transfer rate of 6.99% for 6 months before reverting to the ongoing rate of 11.95%.

Another headline feature is the $0 annual card fee. BankVic have done away with the yearly credit card payment to make the Visa Silver easily accessible for its customers. The card does however come with a $15 late payment fee and a foreign exchange margin of 3.65% when using it during your overseas travels.

BankVic's Visa Silver also comes with a string of handy features that will make your everyday banking experience that little bit easier including Visa’s payWave feature, access to BankVic’s 24/7 online and telephone banking and the ability to schedule regular payments.

Who it's good for:

If you’re after a card that you can get your hands on without having to pay any upfront costs, Visa Silver’s lack of an annual fee makes it an attractive option for you. Once you do have your hands on it, you’ll have the peace of mind of knowing that you’re paying super low rates while having access to a few convenient everyday banking features.

Any catches?

Just remember you’ll have to stump up $15 if you’re tardy with your repayments and if you lose your card, it’ll cost you $10 to replace.

How are BankVic credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.7

Based on 12
BankVic credit cards reviews

6.8 7.2 7.7 7.2 8.2

Read BankVic credit card reviews by the Mozo community

Latest reviews of BankVic Visa Silver

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 (VIC), reviewed over 2 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 (VIC), reviewed almost 3 years ago

BankVic

BankVic Visa Silver credit card review

Overall rating   10 / 10

Customer service second to none

Excellent product, excellent Service. I appreciate excellence.

Full review

Excellent product, excellent Service. I appreciate excellence.

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Annette (VIC), reviewed about 3 years ago

BankVic

BankVic Visa Silver credit card review

Overall rating   8 / 10

Excellent customer service

My bank was Police Credit, they still retain the very good and caring customer service they had when I first joined in the late 60's.

Full review

My bank was Police Credit, they still retain the very good and caring customer service they had when I first joined in the late 60's.

    Price   6 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Doug (VIC), reviewed almost 4 years ago

BankVic

BankVic Visa Silver credit card review

Overall rating   7 / 10

Great staff and great rates

Been with them for a while and there are no fees, good interest rates and good service.

Full review

Been with them for a while and there are no fees, good interest rates and good service.

    Price   7 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Mozo reviewer (QLD), reviewed almost 5 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

  • 11.95% p.a.

  • 6.99% p.a. for 6 months

  • 6.99% p.a. for 6 months and then 11.95% p.a.

  • no

  • 11.95% p.a.

  • 44

Fees

  • $0.00

  • none

  • none

  • none

  • $15.00

  • $1.80

  • 3.65%

  • $2.00

  • $25.00

  • $0.00

Other financial bits

  • $20.00

  • 2.5

Features

  • 1

  • none

  • none

About BankVic

BankVic, formerly the Police Credit Union VIC, is a mutual bank wholly owned by its members. BankVic offers financial services for people working in police, health, emergency and public services along with their family and friends. Personal banking products available at BankVic include credit cards, home loans, insurance and financial advice.

**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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