Community First Bank credit cards

When you opt for a credit card from Community First Bank, you’ll have up to 55 days to pay off your balance before it will start to attract interest. By using this interest free period to its full potential - making purchases early in the statement cycle and paying them off before the period ends - you can keep credit card costs way down!

Your Community First Bank credit card comes with an annual fee - half of which goes to the McGrath foundation. Other fees include foreign transaction and cash advance fees, plus all the usual penalties like late payment or replacement card fees.

Each month you need to make a minimum repayment off your credit card balance. With a Community First Bank credit card, this minimum will be the greater of either $20 or 3% of your total balance. If your balance is less than $20, your minimum will be the whole amount.

The good news is that Community First Bank credit cards have a low interest rate across the board - for cash advances, purchases and balance transfers.

The bad news, is that although you can do a balance transfer at this great low rate, you don’t get a 0% interest period. In that case, it’s important to weigh up the benefits of a continual low rate, against a short term of no interest at all. If you think it might take you longer than the average balance transfer interest free period (usually between 6 and 12 months) to pay off your balance, then the Community First Bank credit card may be the one for you.

Visit our comparison table to check out the range of balance transfer credit cards on offer if you think you’d like to opt for a card with a 0% interest period.

International shoppers will be glad to know that their Community First Bank credit card will work all over the globe, wherever VISA is accepted. Just don’t forget to budget for the foreign transaction fees! Alternatively, check out a nifty prepaid travel card to keep your holiday shopping bill under control. 

Yes, because your Community First Bank credit card is a VISA card. That means you can tap payment for purchases under $100. Check out our guide on how payWave works.

If you want the satisfaction of knowing your money is going to a good cause, then you’ll be happy to hear that by using a Community First Bank Pink credit card, you’re supporting the McGrath Foundation.

Half your annual credit card fee will be donated to the McGrath Foundation for each year that you keep your Community First Bank credit card, and goes to fund breast care nurses and breast cancer awareness around Australia.

It may not be a rewards program, but it will give you a pretty rewarding feeling.

Credit card fraud is a risk you should be aware of when using your Community First Credit Card. But to help keep your money safe, here are some quick tips on credit card security:

Choose a PIN number that’s hard to guess and don’t share it with anyone. Try not to write it down either, and if you have to write it down so you don’t forget, don’t keep it in the same place as your credit card.

When shopping online only use secure sites that you trust - look for sites using Verified by Visa especially.

Damaged ATMs can be a sign that credit card scammers are working in the area and have tampered with the machine. Try to avoid using ATMs that aren’t in good condition or don’t have security cameras close-by.

Look over your credit card statement each time it comes and identify any unusual or fraudulent transactions. The quicker you find them, the quicker Community First Bank can fix the problem.