Enjoy Social Responsible Banking With the bankmecu Visa Credit Card and enjoy the benefits of a $0 p.a. annual fee
The new Visa credit card from bankmecu promises Australian consumers a wealth of new features and benefits never experienced before. One of their most outstanding features is the promise to never bother you with annoying sales talk and marketing calls should you become their customer.
An Environmentally Responsible Credit Card
We all want to do more for our environment, so knowing that the bankmecu Visa is made of PETG plastic – which relates to environmentally responsible materials – is nice to know. We often tend to forget the fact that we use far too much plastic in your daily lives. Choosing an environmentally responsible credit card is a good start.
This is no doubt welcomed by many Australian card consumers who are fed up with all the call centre calls, and letterbox junk we are bombarded with on a daily basis.
mecu Visa Credit Card Interest Rates, Fees & Charges
What You Can Enjoy With the bankmecu Visa Credit Card
The promise not to pester you with marketing messages is only one of the features of bankmecu’s new Visa. You’ll also enjoy:
- Environmental responsible shopping as cards are made from PETG (friendly) plastic
- Access to Visa worldwide
- The freedom of not having to pay an annual card fee
- Up to 55 days of interest free shopping
- Competitive interest rate of 13.14% p.a.
If you use the bankmecu Visa responsibly by paying off your full account balance each month you can enjoy up to 55 days of interest free shopping on the card. With the fee-free feature thrown in you could technically enjoy a free card.
Comparison of other Credit Cards with bankmecu Credit Card
bankmecu Low Rate Visa credit card
Coles No Annual Fee MasterCard
American Express Platinum Edge Credit Card
Coles Rewards Mastercard
American Express David Jones
|Purchase Rate (p.a.)||10.14% p.a.||17.99% p.a.||20.74% p.a.||19.99% p.a.||20.74% p.a.|
|Balance transfer rate (p.a.)||0% p.a. for 6 months||0.99% p.a. for 6 months with 1% balance transfer fee||0% p.a. for 6 months|
|Offer end date||31 December 2013||28 February 2014|
|Cash advance rate (p.a.)||10.14% p.a.||17.99% p.a.||19.99% p.a.|
|Interest Free Days||0 days||62 days||55 days||62 days||44 days|
|Fees & Charges|
|Annual Fee||$59 p.a.||$0 p.a.||$195 p.a.||$49 p.a.||$99 p.a.|
|Balance Transfer Fee||1%|
|Late Payment Fee||$25||$30||$25||$30|
|Over Limit Fee||$20||$15||$15|
|Overseas Emergency Replacement||$175||$0|
|Overseas ATM Balance check||$0|
|Overseas ATM Withdrawal||$3.50||$4||$5|
|Foreign Currency Conversion Fee (VISA)||2% of transaction value|
|Foreign Currency Conversion Fee (MC)||2.5% of transaction value||2.5% of transaction value|
|Foreign Currency Conversion Fee (AMEX)||3% of transaction value||3% of transaction value|
|Gambling Transactions Allowed||No||No||No||No||No|
|Additional Cardholder Fee||$0||$29|
|Number of Additional Cardholders||9||1|
|Minimum Age||18 years of age||18 years of age||18 years of age||18 years of age||18 years of age|
|Available to Temporary Residents||No||No||No||Yes – Conditions apply||No|
|Credit Rating Requirement||Good||Good||Good||Good||Good|
|Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|Max Credit Limit||$50,000||$30,000|
What Does the 100% No Marketing Guarantee Mean?
You’re forgiven to be cautious when a bank promises you a lot of stuff they have no intention of keeping. However, bankmecu is 100% committed to their promise. bankmecu promises to never conduct marketing to its card holders. This means they promise NOT to PESTER you with prompts to increase your spending, or credit limits. bankmecu also calls this socially responsible banking.
Competitive Interest Rates
With the bankmecu Visa Credit Card you get 13.14% p.a. interest rates which is middle of the run in comparison with other Australian cards.
Access Your Account 24/7 With Online Banking
As any self-respecting modern bank, bankmecu offers you online banking to easily keep control of your Visa Credit Card account.
Alternatively you can use phone banking if you prefer.
Use the bankmecu Visa Worldwide
The bankmecu Visa card is accepted around the world, wherever the Visa logo is proudly displayed. You can also get your hands onto cash from any Australian ATM machine, as well as overseas ATMs. Plus some 2,900 Australia Post shops offer giroPost® access to your account to help you stay cashed up at all times.