MOVE Bank

MOVE Bank currently offers one credit card tailored for budget-conscious members. Key features include:

• Low rate credit card: 8.99% p.a., competitive within Australia’s low-rate market with a cash advance rate of 12.99% p.a., applicable for cash withdrawals, and no annual fee for the first year, then $59 thereafter.
• Balance transfer offer: 0% p.a. for the first 6 months, then reverts to the variable purchase rate, available for up to 80% of the approved limit.

• Interest-free days: Up to 45 days on purchases when paid in full, providing flexibility for managing cash flow.
• Digital banking integration: Manage your card through the MOVE Bank App or internet banking, with features like balance checks, payments, and transaction tracking, ensuring you stay on top of your finances.

To apply for a MOVE Bank credit card, you must first be a member, with membership divided into two categories:

• Shareholding members: Open to individuals working in the transport, rail, or logistics industries, or their family members. A $10 shareholding cost applies, deferred until called by the Board, making you a part-owner with voting rights at meetings.
• Non-shareholding members: Available to anyone meeting the bank’s eligibility requirements, with access to the same lending products, including the credit card. Some everyday banking products may have exclusions; see the full list at Summary of Accounts Access.

Standard credit card eligibility criteria include:

• Age: At least 18 years old.
• Credit history: A good credit score with no defaults or bankruptcies.
• Income: Sufficient income to meet repayment obligations, though specific minimums aren’t detailed in the public information. Given it’s a credit union, income verification is likely required.
• Residency: Must be a permanent resident of Australia. We have credit card options available for temporary residents.

Membership and credit card applications are subject to credit assessment and approval, ensuring suitability for the member’s financial situation.

Applying for a MOVE Bank credit card is a digital-first process, taking about 10 minutes online. Here’s how to get started:

1. Become a member: Ensure you meet the membership criteria (shareholding or non-shareholding). Visit the MOVE Bank website to join, which involves providing personal details and, for shareholding members, a deferred $10 share cost.
2. Gather information: You’ll need personal details (full name, address, date of birth, contact info), identification (e.g., driver’s licence, passport, Medicare card), and employment and income details, including proof like payslips or bank statements.
3. Apply online: Head to the MOVE Bank website and complete the secure online application form. The process is user-friendly, designed for quick completion.
4. Submit supporting documents: After submission, MOVE Bank may request additional documents to verify your identity and income. They’ll inform you of what’s needed.
5. Await decision: MOVE Bank will assess your application, and you’ll receive a response within a few days. If approved, your card will be mailed to you.
6. Activate and use: Follow the instructions to activate your card and start enjoying its benefits, with the option to receive electronic statements (paper statements incur a $3 fee if chosen).

If you want a credit union credit card, here are similar card issuers:

• Community First Bank credit cards
• Easy Street credit cards