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BankVic Low Rate Card
Balance transfer
6 months at 8.99% p.a.
Purchase rate
6 months at 8.99% p.a.
Annual fee
$0.00 p.a. ongoing
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 and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
No
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good
Minimum Income
N/A
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
1
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$1,000.00
Maximum Credit Limit
$20,000.00
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 44 days on purchases
Minimum Repayment Percentage
2.5%
Balance transfers
Balance transfer offer
Balance Transfer Rate
8.99%
Balance Transfer Period
6 months
Balance Transfer Fee Percentage
0%
Balance transfer conditions
Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
95%
Balance Transfer Revert Rate
13.95%
Rates, fees, charges
Cash advances
Cash Advance Rate
13.95% p.a.
Cash Advance Fee
$0.00
Cash Advance Fee Percentage
0%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
8.99%
Purchase Rate Introductory Period
6 months
Purchase Rate Ongoing
13.95% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$0.00
Dishonour Fee
$9.00
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3.65%
Late Payment Fee
$15.00
Rewards
Rewards program basics
Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
Our review
Convenience
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The basics
- Additional cardholders. You can ask for another card for free. The account holder will be responsible for looking after this card and any other cards you may have on the same account.
- Digital wallets. This card can be set up for mobile payments with Apply Pay and Google Pay.
- Gambling transactions. Gambling transactions are blocked on this card.
Rewards and benefits
- Complimentary travel insurance. This card does not come with free insurance.
- Concierge services. The BankVic Low Rate Card does not give access to a concierge service.
- Insurances. There is no complimentary insurance coverage for this card.
- Rewards points. The BankVic Low Rate Card does not have a rewards program.
- Sign-up bonus. You won’t get any bonus for signing up for this card.
Rates and fees
- Annual fee. The card has no annual fee, ever.
- Balance transfers. The balance transfer offer for the BankVic Visa Silver Credit Card is 8.99% p.a. for 6 months. You can use up to 100% of your credit limit for balance transfers. Balance transfers are not possible from a personal loan.
- Cash advances. For a cash advance, you will be charged interest at the rate of 13.95% p.a., charged immediately. This is one of the cheaper credit cards for cash advances.
- Foreign exchange fee. This card attracts a 3.65% foreign currency transaction fee if you purchase anything overseas or online in foreign currency or Australian dollars.
- Interest-free period. Enjoy up to 44 days interest-free on purchases after payment in full.
- Purchases. BankVic Visa Silver Credit Card offers an 8.99% p.a. introductory deal on purchases for 6 months. After the end of the introductory period, the standard interest rate of 13.95% p.a. will apply to any purchases made on the card.
Reviewed by Credit Card Compare Staff
History
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