BankVic Visa Silver Credit Card

BankVic Visa Silver Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
BankVic Visa Silver Credit Card
No annual fee to pay.
Avaliable credit limits between $1,000 and $10,000.
Visa payWave enabled.
Add to comparison
6 months
6.99% p.a.
then 11.95%
with a 0% fee
6 months
6.99% p.a.
then 11.95%
$0
ongoing

Pros & cons

What's good?

What's not so good?

At $0 p.a. you really can’t get a better annual fee.
Get 6 months at 6.99% p.a. on balance transfers.
You can transfer up to 100% of credit limit, which is unusually generous. Most banks max out at 95%.
Balance transfers revert to the lower purchase rate as opposed to the higher cash advance rate.
Purchases are charged at 11.95% p.a. This is very competitive.
The 16.95% p.a. cash advance rate is lower than normal, which is a good thing if you use cash advances with any regularity.
The 3.65% foreign exchange fee is substantially lower than what most banks charge.
Longer and cheaper balance transfers are widely available.
You can only add 1 additional cardholders, although the fee for this is $0 p.a.
Up to 44 days on purchases, which is a little shorter than the usual 55 days. Some even offer 62 days interest-free.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.5 out of 5.0 based on 2 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

The rewards are in the interest and fees

Reviewed and recommended by Daryl on 20 Sep 2016

A low-rate credit card with no annual fee and a six months introductory rate. There is no rewards program but they usually have higher interest and annual fee anyway. So, in the end, you’re saving heaps, especially if you’ll never attain anything worthwhile from rewards points.

There is no opportunity to choose a MasterCard.

100% satisfied

Reviewed and recommended by Cheryl on 26 Jun 2016

I love being a customer of BankVic having been with them since 1974. I am impressed with the low charges, customer service, and convenience.

I feel very comfortable using my card overseas as BankVic have an amazing fraud detection group, and within minutes of illegal use they are on top of it!

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
N/A
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
$10,000

Repayments

Interest charged from
N/A
Interest free period
Up to 44 days on purchases
Minimum repayment
2.5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers6.99% p.a.6 months0%100% of credit limit11.95% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
100% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the BankVic Visa Silver Credit Card at the promotional balance transfer rate from:

  • BankVic

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers6.99% p.a.6 months0%100% of credit limit 11.95% p.a.
Purchases6.99% p.a.6 monthsN/AN/A 11.95% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.41% 16.95% p.a.
Purchases 1.00% 11.95% p.a.

Fees

Annual fee
$0 p.a.
Cash advance fee
N/A
Dishonour fee
$9
Duplicate statement fee
N/A
Foreign exchange fee
3.65%
Late payment fee
$15
Over limit fee
N/A
Overseas ATM balance fee
$1.80
Overseas ATM withdrawal fee
$1.80
Overseas emergency card replacement fee
$175
Transaction verification fee
N/A

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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