Defence Bank credit cards

Defence Bank
Defence Bank's overall rating for credit cards

(as rated by the Mozo community)

7.2 / 10

based on 26 reviews

Although Defence Bank was originally set up to provide for the banking needs of the Australian Defence Force and their families, these days anyone can bank with Defence Bank. It’s member-owned, and the winner of a Mozo Experts Choice Highly Commended Award for Best Low Rate Credit Card in 2014, so you’re sure to find a rewarding credit card here.

Rates and fees verified as correct at 14 November, 2018. Other information correct at the time of writing.

What credit cards do Defence Bank offer?

Low rate credit cards Low rate credit cards

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

3.99% p.a. for 6 months then 11.74% p.a.

3.99% p.a. for 6 months and then 11.74% p.a.

$45

55


Hide

Low fee credit cards Low fee credit cards

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

3.99% p.a. for 6 months then 11.74% p.a.

3.99% p.a. for 6 months and then 11.74% p.a.

$45

55


Hide

**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 Defence Bank credit cards

What is the interest free period on my Defence Bank credit card?

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!

What fees might I be charged?

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.

What’s the minimum repayment amount I must make?

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.

What rewards will I earn with my Defence Bank credit card?

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.

Can I use my Defence Bank credit card for a balance transfer?

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.

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

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.

Can I use my Defence Bank credit card to make contactless payments?

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.

What can I do to avoid credit card fraud

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.

How are Defence Bank credit cards rated?

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.

Defence Bank credit cards

Overall 7.2

Price

Features

Customer service

Convenience

Trust

26 Reviews

Recent Defence Bank credit card reviews Recent Defence Bank credit card reviews

Defence Bank

Defence Bank credit card review

Overall rating   4 / 10

High fees.

The fees are very high but the customer service is better than most providers.

Full review

The fees are very high but the customer service is better than most providers.

    Price   1 / 10

    Features   1 / 10

    Customer service   4 / 10

    Convenience   2 / 10

    Trust   5 / 10

Less

Lucas, South Australia, reviewed almost 3 years ago

Defence Bank

Defence Bank credit card review

Overall rating   10 / 10

Great customer service

Defence Bank is a customer focussed entity that strives to and achieves customer satisfaction in all aspects of service and products.

Full review

Defence Bank is a customer focussed entity that strives to and achieves customer satisfaction in all aspects of service and products.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   10 / 10

Less

Laura, Victoria, reviewed over 3 years ago

Defence Bank

Defence Bank credit card review

Overall rating   3 / 10

Available at the time.

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.

Full review

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.

    Price   5 / 10

    Features   3 / 10

    Customer service   3 / 10

    Convenience   1 / 10

    Trust   4 / 10

Less

Bernie, Queensland, reviewed almost 4 years ago

Defence Bank

Defence Bank credit card review

Overall rating   0 / 10

Do not recommend

Closing too many branches.

Full review

Closing too many branches.

    Price   5 / 10

    Features   5 / 10

    Customer service   2 / 10

    Convenience   0 / 10

    Trust   2 / 10

Less

Justin, South Australia, reviewed almost 4 years ago

Defence Bank

Defence Bank credit card review

Overall rating   5 / 10

Great bank

It's a good bank just not many branches out there if you need one

Full review

It's a good bank just not many branches out there if you need one

    Price   5 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   1 / 10

    Trust   5 / 10

Less

Ben, , reviewed almost 4 years ago

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What do you need to apply for a Defence Bank credit card? What do you need to apply for a Defence Bank credit card?

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:

  • 18 years or over
  • Someone with a good credit history
  • A permanent resident or citizen of Australia

For more on applying for a credit card, check out our handy guide

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