Unity Bank Visa Credit Card

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Unity Bank Visa Credit Card

Balance transfer

6 months at 7.74% p.a.

Purchase rate

6 months at 7.74% p.a.

Annual fee

$0.00 for 1st year

Highlights

  • Take advantage of a rate of 7.74% for 6 months on both balance transfers and purchases, reverting to 13.49% thereafter.
  • Enjoy no first-year annual fee (reverting to $60 per annum in the following years).
  • Benefit from up to 55 interest-free days on purchases.

Pros and cons

Pros

  • Low ongoing interest rates.
  • No annual fee for the first year.
  • You can link your card to Apple Pay, Google Pay, and Samsung Pay.

Cons

  • There is no introductory offer on balance transfers or purchases at the moment.
  • No rewards program.

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The basics

  • Additional cardholders. Unity Bank's Visa Credit Card allows for one free additional cardholder. This means you can share your account with a family member or loved one and still maintain control of the account.
  • Digital wallets. This card is compatible with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Gambling transactions are allowed but will be classified as a cash advance.

Rewards and benefits

  • Complimentary travel insurance. This is a low rate credit card and does not offer complimentary international travel insurance.
  • Concierge services. The Unity Bank Visa Credit Card does not include a concierge service, which is standard for cards like this.
  • Insurances. This card comes with fraud protection. You won't have any of the insurance coverage on offer with more expensive cards.
  • Rewards points. Since it's designed as a cheap credit card, it does not have a rewards program.
  • Sign up bonus. Unity Bank does not offer any new customer sign up bonus for this card.

Rates and fees

  • Annual fee. The annual fee is waived for the first year and reverts to $60 p.a. thereafter.
  • Balance transfers. The Unity Bank Visa Credit Card offers a 6-month balance transfer option at a rate of 7.74%. Any remaining balance after this introductory period will be subject to the standard purchase rate of 13.49% per annum.
  • Cash advances. All cash advances made with the Unity Bank Visa Credit Card — ATM withdrawals and cash equivalent transactions — will be charged interest at the rate of 12.24% p.a. Interest accrues immediately from the date of the transaction. A one-time fee will be charged in addition. This cash advance rate is competitive.
  • Foreign exchange fee. Any purchases made while travelling overseas or with an online store based in a foreign currency will incur a 3% fee.
  • Interest-free period. You can get up to 55 days of interest-free spending on your purchases (excluding cash advances) when you pay off your balance in full or make the minimum required payment.
  • Purchases. Make the most of a 7.74% per annum rate on retail purchases for a duration of 6 months. This offer applies solely to retail purchases, excluding cash advances, and will revert to the standard ongoing purchase rate afterward.

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