Pay off purchases with ease by flashing your low rate Defence Bank credit card. This is a cost-effective option for those who simply want to spend on the things they love. But the low rates and annual fee have a flip side - don’t expect freebies or rewards from this no-frills credit card option.
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
|
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 |
55 |
Make high annual fees a thing of the past with this budget beating low fee credit card from Defence Bank! This is a no-frills option for the frugal spender.
| Product | Purchase rate | Balance transfer rate | Annual fees | Interest free days on purchases |
|---|---|---|---|---|
|
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 |
55 |
When you use your Defence Bank credit card to pay for your purchases, you’ll have 55 interest free days to pay that balance off before the interest rate will even touch you! Just remember that if you fall behind on your monthly payments, you will usually forfeit your interest free days for the next month. So make sure you’re paying off your credit card bills as soon as they come!
Your Defence Bank credit card comes with an annual fee, plus fees on cash advances, foreign currency conversions or transfers to other accounts. If you want to add an extra cardholder to the account, you’ll also pay a fee for the extra card.
The minimum repayment you must make each month will be either $10 or 3% of your credit card balance, whichever is the higher amount. Keep in mind that this is only a minimum - by paying more, or ideally by paying off your entire credit card balance each time, you can avoid paying interest and keep costs low.
Generally speaking, none. This card is a no-frills option designed to help you buy what you want without paying way too much to do it. That means there’s no rewards program or perks - except the convenience of shopping when and how you want.
If you’re after a card with some rewards power oomph, check out these cracking rewards card deals.
Yes you can, although you won’t get a zero interest period like you do with some other balance transfer options. You’ll get a relatively short period of very low interest, and then any balance still owing will start to attract interest at the regular rate. Which is not super high anyway - but any interest is more than you’d really like to be paying.
As far as balance transfers go, the Defence Bank credit card might be a good option if you don’t think you’ll pay off your balance within the regular balance transfer period - that way, when you start paying interest again, you’ll only get hit with a low rate, rather than the much higher cash rate any cards revert to.
Yes you can, because the Defence Force credit card is a VISA card. That means you can use it all over the world, wherever VISA is accepted - and we’ve all seen the ads, that’s pretty much anywhere.
Yep. Another good thing about your Defence Bank card working on the VISA network? It means you can use your card to make payWave payments on purchases under $100. Check out our guide for more info on how to make contactless payments with payWave.
Although Defence Bank are vigilant in doing their part to monitor transactions and keep your credit card secure, you can do your part by taking a few simple steps toward secure credit card use. You can take measures like:
Don’t leave your credit card details unsecured - don’t write them down anywhere someone is likely to see them.
In fact, it’s better not to write them down at all if you can help it. If you do have to write down your PIN to remember it, don’t keep it with your card.
Review your credit card statements for unusual or suspicious activity. If you notice any, report it to Defence Bank straight away.
Mozo users have rated Defence Bank credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
27 Reviews
Excellent attentive service with flexibility during times of hardship. Just a phone call away if advice is needed.
Read full reviewExcellent attentive service with flexibility during times of hardship. Just a phone call away if advice is needed.
The fees are very high but the customer service is better than most providers.
Read full reviewThe fees are very high but the customer service is better than most providers.
Defence Bank is a customer focussed entity that strives to and achieves customer satisfaction in all aspects of service and products.
Read full reviewDefence Bank is a customer focussed entity that strives to and achieves customer satisfaction in all aspects of service and products.
I joined because it was the only option at the time. I have been disappointed with how they haven't looked after me at all.
Read full reviewI joined because it was the only option at the time. I have been disappointed with how they haven't looked after me at all.
Closing too many branches.
Read full reviewClosing too many branches.
You don’t have to be part of the Defence Force, nor do you have to be a member of Defence Bank.
Each application is considered on a case-by-case basis, so you’ll usually have to speak to a representative of Defence Bank either in a branch or over the phone. Generally speaking, to be eligible for a credit card, you’ll need to be:
For more on applying for a credit card, check out our handy guide.