Community First Bank

Compare Community First Credit Union credit cards, focusing on the latest rates, fees, features, and benefits.

Community First Bank credit cards

Community First Bank n0w Credit Card

On website

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

N/A

Highlights

  • There is no interest charged on purchases or cash advances (though a cash advance fee is applicable).
  • You have the option to select from three credit limits, each associated with a distinct monthly fee.
  • The minimum repayment required is either 2.5% of your statement's closing balance or $20, whichever amount is higher.

Pros

  • No interest on purchases or cash advances.
  • Low monthly fee starting from $9.
  • No annual fee or late payment fee.

Cons

  • Repayments aren't in fixed instalments like with Afterpay.
  • There's a $3 cash advance fee (but no interest).
  • The maximum credit limit isn't very high, but some will see the benefit in that.
Community First Bank McGrath Pink Visa Card

On website

Balance transfer

6 months at 0% p.a.

Purchase rate

8.99% p.a. ongoing

Annual fee

$40.00 p.a. ongoing

Highlights

  • 8.99% p.a. interest rate applies to purchases and cash advances.
  • Benefit from 0% p.a. on balance transfers for 6 months (0% BT fee); reverts to 8.99% p.a. thereafter.
  • An annual fee of $40 p.a. is charged.

Pros

  • Low-interest rates.
  • Half the annual fee is donated to the McGrath Foundation every year you hold the card.
  • Up to 55 interest-free days.
  • Support the McGrath Foundation that raises money for McGrath Breast Care Nurses each time you spend.

Cons

  • No rewards program.
Community First Bank Low Rate Visa Credit Card

On website

Balance transfer

6 months at 0% p.a.

Purchase rate

8.99% p.a. ongoing

Annual fee

$40.00 p.a. ongoing

Highlights

  • Benefit from a competitive interest rate of 8.99% p.a. for both purchases and cash advances.
  • For the initial 6 months, enjoy a 0% rate on Balance Transfers with a corresponding 0% balance transfer fee. Afterwards, it reverts to the cash advance rate of 8.99% p.a.
  • An annual fee of $40 is applicable.

Pros

  • Low-interest rates.
  • Up to 55 interest-free days.
  • Limits are available from $500 to $15,000.

Cons

  • No rewards program.

Community First credit cards are designed to provide customers with convenient payment solutions while offering competitive rates and valuable perks. As a customer-centric financial institution, Community First aims to empower its members with financial tools that help them manage their expenses effectively.

Choosing a Community First Credit Card

When selecting a Community First credit card, it is essential to consider your spending habits, financial goals, and rewards preferences.

  • Set Up Automatic Payments: Avoid missing payments by setting up automatic debits from your bank account. Ensure you have sufficient funds to cover the minimum payment each month.
  • Monitor Your Spending: Track your transactions regularly through online banking or mobile apps. Identify any unusual or unauthorised charges and contact the bank promptly to dispute them.
  • Pay More than the Minimum: Aim to pay more than the minimum amount due to reduce interest charges. Clearing your balance in full each month can help you avoid accumulating debt.