The lowdown.
About BCU credit cards
BCU is a member-owned bank with a presence extending to south-east Queensland through select branches. Catering to a range of financial preferences, BCU offers two credit card options: one designed for simplicity and affordability with low rates and fees, and another focused on rewarding everyday spending. As a member-focused institution, BCU provides competitive credit card choices for Aussies seeking value and flexibility.
Types of BCU credit cards
BCU offers two distinct credit cards to suit different needs:
- Balance transfer credit cards: BCU offer a competitive balance transfer on both the Classic and Rewards credit cards.
- Low rate credit card: This low-rate card features a competitive 11.95% p.a. interest rate on purchases, a modest $45 annual fee, and up to 52 interest-free days, making it ideal for those prioritising cost savings.
- Rewards credit card: A standout for rewards seekers, this card provides 0.66% cashback on eligible transactions, capped at $500 annually. With a 13.05% p.a. interest rate and an $89 annual fee, it offers a compelling mix of affordability and benefits compared to other rewards cards.
Benefits of BCU credit cards
BCU credit cards deliver a variety of perks to enhance usability and value:
- Account management: Stay in control with flexible options including branch visits, phone banking, internet banking, or the BCU mobile app, which lets you view details, lock your card temporarily, and make payments from anywhere.
- Cashback rewards: Exclusive to the BCU Rewards Credit Card, but you can earn 0.66% back on every dollar spent on eligible purchases, up to $500 per year. For example, spending $1,000 nets you $6.60 cashback. A simple, transparent reward system compared to points-based programs.
- Digital wallet compatibility: Add your card to Apple Pay, Google Pay, or Samsung Pay for fast, secure payments directly from your mobile device.
- Instant virtual replacement: If your card is lost or stolen, cancel it and generate a new virtual credit card instantly via the BCU app, keeping your finances on track.
- Visa advantages: Accepted worldwide wherever Visa is welcome, BCU cards come with Visa Secure for online shopping protection, Visa Zero Liability against fraudulent transactions, and access to Visa Offers + Perks for discounts on travel, shopping, dining, and entertainment
Eligibility Criteria of BCU Credit Cards
To qualify for a BCU credit card, you’ll need to meet these standard requirements:
- Age: Be at least 18 years old.
- Credit history: Have a clear credit history, free of defaults or bankruptcy.
- Residency: Be an Australian citizen or permanent resident. If you are neither, we have temporary resident credit cards available to compare.
How to apply for a BCU credit card
To apply for a BCU credit card, you can follow these simple steps:
- Choose a card: Select a credit card that best fits your financial needs and spending habits, which may or may not be issued by BCU.
- Check eligibility: Make sure you meet the eligibility criteria set by BCU above, which typically include being of legal age and meeting minimum income requirements.
- Complete application: Fill out the online application form or visit a BCU branch to apply.
- Provide documentation: Submit the required documents, such as identification proof, income details, and financial statements, as per BCU's requirements.
- Await approval: Once your application is submitted, wait for BCU to review and approve your credit card application.
