Purchase rate
6.99% p.a. for 6 months then 11.95% p.a.
Balance transfer rate
6.99% p.a. for 6 months and then 11.95% p.a.
Annual fees
$0
Interest free days on purchases
44

Mozo editorial review BankVic Visa Silver

Last updated: 17 October 2018.

binocular icon
What's hot
  • No annual 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. This credit card comes with a 6-month special 6.99% introductory purchase rate and no annual fee.  

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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.

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Who is it 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.

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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.

Details

Rates and fees information correct as at 24 November 2020 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
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

  • $4.00

  • 3.65%

  • $2.00

  • $25.00

  • $0.00

Features
  • $20.00

  • 2.5

  • 1

  • none

Payment options

Apple Pay, Google Pay

Customer Reviews

How are BankVic credit cards rated by the Mozo community?

Overall
8.2/10
Price
7.9/10
Features
7.2/10
Customer service
8.6/10
Convenience
7.4/10
Trust
8.8/10

Latest reviews of BankVic Visa Silver

  • Overall 7/10
    How a bank used to be

    BankVic has great customer service.

    Read full review

    BankVic has great customer service.

    Price
    9/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10
    Less
    John, Victoria reviewed about 1 year ago
  • Overall 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.

    Read 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 5 years ago
  • Overall 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.

    Read 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 5 years ago
  • Overall 10/10
    Customer service second to none

    Excellent product, excellent Service. I appreciate excellence.

    Read 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, Victoria reviewed over 5 years ago
  • Overall 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.

    Read 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, Victoria reviewed about 6 years ago
BankVic

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.

See BankVic credit cards

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

20.74% p.a.

0% p.a. for 22 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Qantas Frequent Flyer

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

St.George

St.George

Amplify Platinum

Qantas Frequent Flyer

$99

70,000

0.5 points uncapped

Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Citi

Citi

Rewards - e-voucher Offer

Citi Rewards Program

$199 $99 in the first year

No current offer

1 point up to $10,000/month

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

Amplify Rewards

$99 $0 in the first year

No current offer

1 point uncapped

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

St.George

St.George

Vertigo

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

ANZ

ANZ

First

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

$30

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$299 $199 in the first year

Qantas Frequent Flyer

Citi

Citi

Clear Credit Card

0.90% p.a. for 15 months and then 22.24% p.a.

0.90% p.a. for 15 months then 14.99% p.a.

$99

Bank of Melbourne

Bank of Melbourne

Vertigo

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

Bankwest

Bankwest

Zero Platinum Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

Bank of Melbourne

Bank of Melbourne

Vertigo Platinum

12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

Citi

Citi

Clear Credit Card

0.90% p.a. for 15 months then 14.99% p.a.

0.90% p.a. for 15 months and then 22.24% p.a.

$99

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Citi

Citi

Clear Credit Card

0.90% p.a. for 15 months then 14.99% p.a.

0.90% p.a. for 15 months and then 22.24% p.a.

$99

NAB

NAB

StraightUp Card

0% p.a.

No current offer

$120 $10/month - waived if no spend & no balance owing

Bank of Melbourne

Bank of Melbourne

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

Bankwest

Bankwest

Breeze Mastercard

0% p.a. for 15 months then 10.99% p.a.

2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)

$49

BankSA

BankSA

Amplify Platinum

0% p.a. for 7 months then 19.74% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$99 $0 in the first year

Virgin Money

Virgin Money

No Annual Fee Card

0% p.a. for 12 months then 18.99% p.a.

0% p.a. for 12 months and then 20.99% p.a.

$0