Australian Unity Bank's sole credit card product is a low rate Visa credit card, ideal for individuals looking for a no-frills, cost-effective card with a low annual fee and interest charged.
Australian Unity Low Rate Visa Credit Card can be connected with the bank's transaction account and savings account, offering a streamlined banking experience in which cardholders can, for instance, use direct debit to automatically repay their credit card balance.
Overseas access is also possible anywhere in the world Visa is accepted, though transactions made outside of Australia are subject to a conversion rate and fee.
What this card is not made for are those individuals looking for rewards and additional perks when they use their credit cards. Overall, it's a solid choice for those prioritising low costs over extra features.
Key Features of Australian Unity Low Rate Visa Credit Card
| Feature | Details |
|---|---|
| Minimum credit limit | $500 |
| Minimum monthly repayment | 3% of the outstanding balance or $25.50, whichever is greater |
| Interest-free period | Up to 45 days on purchases only |
| Annual fee | $59 |
| Late payment fee | $10 |
| Rewards | N/A |
| Contactless payment | Visa and digital wallet (Apple Pay, Google Pay, etc.) |
| Security | Visa Zero Liability Protection |
These are correct at the time of writing and are subject to change.
Australian Unity Low Rate Visa Credit Card Fees
In addition to the annual and late payment fees, credit card holders may be charged the following, depending on the transactions involved and services required.
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Annual fee: $59
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Late payment fee: $10
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Cash advance fee: $5
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Dishonour fee: $15
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Direct debit fee: $0.30
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Card replacement fee: $20 (within Australia)
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Foreign currency conversion fee: 3% of the AUD amount
Other fees may also apply.
How to Apply for a Credit Card with Australian Unity
Customers interested in applying for an Australian Unity credit card may apply via the bank's website. In-branch application is not available.
To be eligible to apply, you must:
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Be 18 years old or over
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Be an Australian citizen or a permanent resident
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Have a good credit standing
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Meet Australian Unity's credit assessment criteria
The bank requires applicants to provide proof of identity (e.g., driver's licence, passport, or any valid photo ID that confirms their current address). Information about employment, income, assets, and liabilities may also be requested.
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.
Please note that Australian Unity has announced plans to transfer its banking operations to Bank Australia by late 2025. This transition may affect the availability of certain products and services. Ensure you stay informed about any changes that may impact your credit card application or management.
