On Unity Bank's website
Unity Bank Visa Credit Card
Balance transfer
6 months at 7.74% p.a.
Purchase rate
6 months at 7.74% p.a.
Interest-free days
55 days
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
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good
Minimum Income
N/A
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
1
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$1,000.00
Maximum Credit Limit
$30,000.00
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
7.74%
Balance Transfer Period
6 months
Balance Transfer Fee Percentage
0%
Balance transfer conditions
Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
100%
Balance Transfer Revert Rate
13.49%
Rates, fees, charges
Cash advances
Cash Advance Rate
13.49% p.a.
Cash Advance Fee
N/A
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
7.74%
Purchase Rate Introductory Period
6 months
Purchase Rate Ongoing
13.49% p.a.
Account fees
Annual Fee Initial Year
$0.00
Annual Fee Ongoing
$60.00
Dishonour Fee
$16.00
Duplicate Statement Fee
$2.50
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$0.00
Rewards
Rewards program basics
Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
Our review
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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 not allowed on this card.
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 13.49% 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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