BankVic Credit Cards

Compare BankVic credit cards against those from other banks to see how they stack up in comparison.

By   |   Updated 1 Mar 2024

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Comparing BankVic credit cards

BankVic Qantas Visa Credit Card

On website

Highlights

  • Obtain 8.99% p.a. for 6 months on purchases and balance. Reverts to 18.95% p.a. after the promotional period.
  • Experience $0 p.a. annual fee.
  • Includes complimentary overseas travel insurance.

Pros

  • No annual fee.
  • Take advantage of the promotional rate on purchases and balance transfers.
  • Get up to 55 interest-free days on purchases.

Cons

  • There is no ongoing signup bonus promo for this card.
  • The attractive 8.99% introductory purchase interest rate reverts to an ongoing purchase rate of 18.95 after six months.
BankVic Low Rate Card

On website

Highlights

  • Transfer your balance to BankVic and lower your interest repayments.
  • Benefit from a low ongoing interest rate on carried-over balances.
  • Pay no annual fee for life.

Pros

  • No annual fee for as long as you hold the card.
  • Consolidate debt and reduce interest with a balance transfer.
  • Up to 44 days interest-free.
  • Low interest on cash advances and balances carried over.

Cons

  • No rewards program.

BankVic offers a range of credit cards to suit various financial needs and preferences. Whether you are looking for a card with low interest rates, rewards, or other benefits, BankVic has options to consider. Understanding the features, fees, and application process of BankVic credit cards can help you make an informed decision.

Benefits of BankVic Credit Cards

  • Low-Interest Rates: BankVic credit cards offer competitive interest rates, making them an attractive option for users who carry a balance.
  • Reward Programs: Earn rewards on your everyday spending with BankVic credit cards. Accumulate points that can be redeemed for merchandise, travel, or cashback.
  • Contactless Payment: Enjoy the convenience of tap-and-go payments through Visa PayWave technology.
  • Additional Cardholders: Easily add supplementary cardholders to your account for shared benefits and tracking expenses.
  • Balance Transfers: Transfer existing credit card balances to a BankVic card to potentially save on interest costs.

Applying for a BankVic Credit Card

  • Online Application: BankVic provides a seamless online application process for credit cards. Fill out the necessary details, submit required documents, and wait for approval.
  • Eligibility Criteria: Understand the eligibility requirements for BankVic credit cards, including minimum income thresholds, credit history, and residency status.
  • Document Verification: Be prepared to provide proof of identity, income statements, and other relevant documents during the application process.
  • Approval Process: Once you submit your application, BankVic will review your details and credit history to determine approval. Approval times can vary.

Managing Your BankVic Credit Card

  • Online Account Management: Access your credit card account online to view statements, make payments, and track expenses.
  • Mobile App: Download the BankVic mobile app for convenient access to your credit card account on-the-go.
  • Payment Options: Make payments towards your credit card balance through various channels, including online transfers, direct debits, and in-branch payments.
  • Setting Alerts: Utilize alerts and notifications to stay informed about due dates, transactions, and account activity.

Fees and Charges Associated with BankVic Credit Cards

  • Annual Fees: Understand the annual fee structure for BankVic credit cards. Some cards may have no annual fees, while others may have varying fee amounts based on the card type.
  • Interest Rates: Familiarize yourself with the interest rates applicable to purchases, cash advances, and balance transfers on BankVic credit cards.
  • Foreign Transaction Fees: Be aware of any fees that may apply when using your BankVic credit card for international transactions or online purchases in a foreign currency.
  • Late Payment Fees: Avoid incurring late payment fees by ensuring timely settlement of your credit card dues.
  • Other Charges: Consider any additional charges such as over-limit fees, cash advance fees, or card replacement fees.

Help choosing a BankVic credit card

Get personalized assistance in choosing the best BankVic credit card to suit your financial goals and lifestyle.

  • FAQs

How can I apply for a BankVic credit card?

To apply for a BankVic credit card, visit the BankVic website and navigate to the credit cards section. Choose the card that suits your needs and click on the apply button. Follow the prompts to fill in your personal and financial details. You can also apply by visiting a BankVic branch or calling their customer service.

What types of rewards can I earn with BankVic credit cards?

BankVic credit cards offer rewards such as cashback on purchases, points redeemable for merchandise, travel, or gift cards, and discounts on various services. The specific rewards depend on the BankVic credit card you choose.

Do BankVic credit cards offer a balance transfer option?

Yes, BankVic credit cards offer a balance transfer option, allowing you to transfer balances from other credit cards at a lower interest rate. This can help consolidate debt and save on interest charges. Check the specific terms for the balance transfer rate and the period it applies.

How can I manage my BankVic credit card account online?

You can manage your BankVic credit card account online by registering for BankVic’s internet banking service. Once registered, you can view statements, make payments, check your rewards points balance, and update personal information.

Are there any additional benefits for frequent users of BankVic credit cards?

Frequent users of BankVic credit cards may receive additional benefits such as higher rewards points earning rates, complimentary insurance covers (including travel and purchase protection), and access to exclusive promotions and offers. The availability of these benefits varies by card, so review your card’s features and benefits.