Community First Credit Cards

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

By   |   Updated 4 Mar 2024

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Comparing Community First credit cards

Community First Bank n0w Credit Card

On website

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 Low Rate Visa Credit Card

On website

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 Bank McGrath Pink Visa Card

On website

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 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.

Benefits of Community First Credit Cards

  • Competitive interest rates
  • Reward programs
  • Purchase protection
  • Contactless payment options
  • Online account management
  • Fraud protection

Features of Community First Credit Cards

  • Balance transfer options
  • Low annual fees
  • Interest-free periods
  • Additional cardholder options
  • Mobile payment integration
  • Travel insurance coverage

Choosing the Right Community First Credit Card

When selecting a Community First credit card, it is essential to consider your spending habits, financial goals, and rewards preferences. Here are some factors to keep in mind:

Assess Your Spending Habits:

  • Determine if you tend to carry a balance or pay in full each month.
  • Consider your typical purchase categories, such as groceries, travel, or entertainment.

Compare Card Features:

  • Evaluate interest rates, annual fees, and reward programs.
  • Look for perks like travel insurance, purchase protection, and concierge services.

Check Eligibility Requirements:

  • Review the income, credit score, and other criteria for each card.
  • Ensure you meet the requirements before applying.

Managing Your Community First Credit Card

Effectively managing your Community First credit card can help you maximize its benefits and avoid unnecessary fees. Here are some tips for card management:

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 unauthorized charges promptly.

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.

Help choosing a Community First credit card

Unlock customized support to pinpoint the perfect Community First credit card that suits your unique financial objectives and lifestyle demands.

  • FAQs

What are the different types of Community First credit cards available?

Community First offers a range of credit cards, including rewards cards, low-rate cards, and platinum cards. Each card comes with unique features and benefits designed to cater to diverse financial needs.

How can I apply for a Community First credit card?

You can apply for a Community First credit card online through the official website or by visiting a local branch. Ensure you meet the eligibility criteria and have the necessary documentation before applying.

What is the interest rate charged on Community First credit cards?

Interest rates on Community First credit cards vary depending on the type of card and your creditworthiness. It is advisable to check the current rates and terms before applying for a card.

Can I link my Community First credit card to other accounts?

Yes, you can link your Community First credit card to your existing bank account for convenient bill payments and fund transfers. Ensure you follow the secure linking procedures provided by the institution.

How do I report a lost or stolen Community First credit card?

If your Community First credit card is lost or stolen, contact the institution immediately to report the incident and request a replacement card. Your liability for unauthorized transactions is limited if reported promptly.

What fees are associated with Community First credit cards?

Common fees associated with Community First credit cards include annual fees, late payment fees, and cash advance fees. It is important to review the fee schedule and terms and conditions of your card to avoid unexpected charges.

Are there any specific benefits for Community First credit card holders?

Community First credit card holders may enjoy benefits such as reward points, complimentary insurance coverage, exclusive offers, and access to special events. These perks may vary depending on the type of card you hold.

How can I increase my credit limit on a Community First credit card?

To request a credit limit increase on your Community First credit card, contact the institution's customer service or visit a branch. Your request will be evaluated based on your credit history, income, and repayment behavior.

Can I apply for a balance transfer to a Community First credit card?

Yes, Community First offers balance transfer options to help you consolidate your existing credit card debt onto a Community First card with a lower interest rate. Check the terms and conditions for applicable fees and promotional rates.

What should I do if I have trouble making repayments on my Community First credit card?

If you are facing difficulties making repayments on your Community First credit card, contact the institution's hardship assistance team for guidance and support. They can provide options to help you manage your debt effectively.