When it comes to credit cards, Summerland Bank keeps it down to two types: one designed for customers who want to minimise their payments and another for those looking to earn rewards on every spend.
What are the credit cards available at Summerland Bank?
|
Credit cards |
Available via Summerland Bank? |
|
✅ |
|
|
✅ |
|
|
❌ |
|
|
❌ |
|
|
No Interest Credit Card |
❌ |
|
International Travel Insurance |
❌ |
Summerland Bank's low rate and rewards credit cards feature waived annual fees for the first year, enhanced security features including zero liability on fraudulent transactions, and digital wallet compatibility.
Every customer using any of the bank's credit cards is also afforded the same personalised and friendly customer service the bank is known and highly regarded for.
These features, however, come with heftier interest rates relative to other options. A quick review of its offerings reveals the interest rates on Summerland Bank's credit cards fall within the middle range of the market.
Key features and fees associated with Summerland Bank's credit cards
|
Rewards Credit Card |
Low Rate Credit Card |
|
|
Features |
Earns 1 point for every $2 spent on eligible purchases 1,000 points = $10 cashback |
Lower rate (vs Rewards card) on purchases |
|
Points are automatically converted into cashback and credited to the account monthly |
Zero fees on balance transfers in the first 9 months |
|
|
Flexible repayment options (regular or one-off transfers via EFT or cash deposit) |
Flexible repayment options (regular or one-off transfers via EFT or cash deposit) |
|
|
Minimum credit limit |
$1,000 |
$1,000 |
|
Annual fee |
$79; waived in the first 12 months |
$49; waived in the first 12 months |
|
Late payment fee |
$0 |
$0 |
|
Balance transfer |
0% interest for 12 months |
0% interest for 9 months |
|
Interest-free period |
Up to 56 days |
Up to 56 days |
|
Accessibility |
24/7 access via the app and Internet banking |
24/7 access via the app and Internet banking |
|
Security |
Visa Zero Liability |
Visa Zero Liability |
These are correct at the time of writing and are subject to change.
How to apply for a Summerland Bank credit card
Interested customers can apply via the bank's website or by visiting a local branch.
Once they've selected their desired credit card (Low Rate Card or Rewards Card), would-be cardholders must fill out the application form with the required personal and financial information.
Applicants must submit the necessary documentation verifying identity, address, and income. They can simply upload these documents if applying online, or hand them over to a bank representative if applying in person.
To be eligible, applicants must be at least 18 years old, have a permanent residency in Australia, and receive a regular income either from employment or self-employment.
Required documents:
-
Passport, driver's licence, or birth certificate
-
Recent utility bills, a rent agreement, or bank statements showing current address
-
Recent payslips, bank statements, and possibly an employment letter for salaried individuals
-
Latest income tax returns and bank statements for the last six months for self-employed applicants
Once the application is submitted, the bank will conduct an initial review and credit check to assess the applicant's creditworthiness. Applicants with a good credit score are preferred.
The length of getting approval may depend on the complexity of the application and the completeness of submitted documents. According to Summerland, applicants will be notified within two business days once documents are submitted.
