Defence Bank Low Rate True Blue Credit Card

Defence Bank Low Rate True Blue Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Price of my purchase: 
$5,000
 
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Defence Bank Low Rate True Blue Credit Card
Low interest rate of just 11.74% p.a. on purchases.
Unlimited additional cardholders at no cost.
Make contactless payments with Visa payWave.
Add to comparison
6 months
3.99% p.a.
then 11.74%
6 months
3.99% p.a.
then 11.74%
$45
ongoing
 
saved over 6 months
Similar cards

Pros & cons

What's good?

What's not so good?

Unlimited additional cardholders to your account at no cost. Great for families.
Transfer a balance from another card and get 3.99% p.a. for 6 months.
You can balance transfer up to 100% of credit limit. This is higher than the typical amount allowed for comparable cards. Credit limits start from $1,000.
Any balance transfers that have not been paid off when the balance transfer offer ends will revert to the cash advance rate. Fortunately that rate is just 11.74% p.a.
Spread the cost of a large ticket purchase like flights or furniture with 3.99% p.a. for 6 months.
The standard interest rate on purchases is very low: 11.74% p.a.
If you need to withdraw cash from your account, you’ll get charged the 11.74% p.a. cash advance rate. This is much lower than the normal amount banks charge.
Up to 55 days on purchases.
Comes with Apple Pay and Google Pay.
While the balance transfer offer is a welcome addition, cheaper interest rates and longer introductory periods are widely available. Shop around.
Similarly, much cheaper and longer lasting introductory offers for purchases are available.
Adding an additional cardholder costs $0 p.a. per card. Many similar standard cards do not charge for this.
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

3.6 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

Customer service is second to none

Reviewed and recommended by Kat on 16 Jul 2016

This card is issued by a great bank and overall is a great card. Fees are pretty standard but it is very convenient to use at any ATM, store or online. Visa is accepted everywhere. The customer service and trust felt in dealing with Defence Bank is second to none. You can’t go wrong with this card.

Very pleased with this card

Reviewed and recommended by Jason on 02 Jul 2016

I pay it off regularly and there’s a very good interest rate. Being a defence member, the bank really looks after you. The card is very secure when using over the internet. I have had the card for 10 years and wish I had got one when I first joined the Army 22 years ago.

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
No
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
Unlimited
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
N/A

Repayments

Interest charged from
N/A
Interest free period
Up to 55 days on purchases
Minimum repayment
3%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers3.99% p.a.6 monthsNone100% of credit limit11.74% 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 Defence Bank Low Rate True Blue Credit Card at the promotional balance transfer rate from:

    Rates & fees

    Promotional interest rates

    Interest ratePeriodFeeLimitRevert rate
    Balance transfers3.99% p.a.6 monthsNone100% of credit limit 11.74% p.a.
    Purchases3.99% p.a.6 monthsN/AN/A 11.74% p.a.

    Ongoing interest rates

    MonthlyAnnually
    Cash advances 0.98% 11.74% p.a.
    Purchases 0.98% 11.74% p.a.

    Fees

    Annual fee
    $45 p.a.
    Cash advance fee
    4.1%
    Dishonour fee
    $25
    Duplicate statement fee
    $5
    Foreign exchange fee
    3%
    Late payment fee
    $20
    Over limit fee
    $10
    Overseas ATM balance fee
    $4
    Overseas ATM withdrawal fee
    $4.10
    Overseas emergency card replacement fee
    $175
    Transaction verification fee
    None

    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
    Joint applications are not allowed
    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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