BCU Bank offers credit cards for those who want to keep things simple and those who value rewards.

The bank's Classic Credit Card is a Visa card that carries a fairly competitive interest rate for purchases and balance transfers, and comes with a low annual fee.

Cardholders of Rewards Credit Card, on the other hand, earn up to $500 cashback on eligible purchases per financial year.

Both credit cards come with a low minimum limit - currently $500 - and up to 52 days' interest-free on purchases. This is slightly lower than the customary 55 days but higher than other products, too. They can be used at any merchants around the world where Visa is accepted.

Key Features of BCU Bank Credit Cards

Classic Credit Card

Rewards Credit Card

Minimum credit limit

$500

$500

Maximum credit limit

$100,000

$100,000

Minimum monthly repayment

3% of the closing balance or $10, whichever is greater

3% of the closing balance or $10, whichever is greater

Interest-free period

Up to 52 days on purchases only

Up to 52 days on purchases only

Annual fee

$45

$89

Rewards

N/A

Up to $500 cashback per financial year

Contactless payment

Visa and digital wallet (Apple Pay, Google Pay, etc.)

Visa and digital wallet (Apple Pay, Google Pay, etc.)

Security

Visa Zero Liability Protection

Visa Zero Liability Protection

These are correct at the time of writing and are subject to change.

BCU Bank Credit Card Fees

In addition to the annual fees, cardholders of BCU Bank credit cards may be charged the following, depending on the transactions involved and services required:

  • Cash advance fee: $5 (domestic & overseas)

  • Card replacement fee: $10 (standard)

  • Late payment fee: $5

  • Visa chargeback request fee: $25

  • Currency conversion fee: 3% of the transaction's value in AUD

Other charges may apply.

How to Apply for a Credit Card with BCU Bank

Interested customers can apply for a BCU credit card over the phone or in person at any of the bank's branches.

To be eligible, you must:

  • Be at least 18 years old

  • Have a stable and verifiable source of income

  • Meet the bank's credit assessment requirements

BCU Bank requires the following details and supporting documents:

  • Proof of identification - passport, driver's licence, or other primary ID

  • Employment details - contact details of current employer and previous employer, if current is less than two years

  • Income details - recent payslips for employed; tax assessments for self-employed

  • List of assets - savings accounts, properties, investments, etc.

  • List of liabilities - other existing debts

  • Ongoing expenses - rent, food, medical costs, etc.

A good credit history is required for approval, which means applicants must agree to a credit check when applying for a credit card with the bank.