bankmecu Visa Credit Card
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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.
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.
Pros
- There is $0 annual fee, so this card will cost you nothing to use if you pay your balance.
- This card has an interest rate on purchases and cash advances of just 13.14%. To hear of a purchase rate of interest this low is good, but to have a cash advance rate of interest below 20% is almost unheard of.
- Environmentally responsible card made out of PETG friendly plastic.
Cons
- This card has no rewards program.
- This card does not offer a balance transfer feature.
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27 Responses to bankmecu Visa Credit Card
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What is the transaction fee for international purchase?
Hi David. The transaction will be charged at the purchase rate of interest in addition to a Visa foreign currency conversion fee of 2% of the total value of the transaction. Thanks for your question.
Is there no annual fee ever on the card?
Hi,
This is a no annual fee credit card, so you will not be charged. Cheers.
Jeremy
Is there a balance transfer feature on this card? Shall I wait 5 days for a reply?
Hi David,
Thanks for your question. Unfortunately the Bankmecu Visa Credit Card does not offer a balance transfer feature. For a list of the available balance transfer cards, please check our balance transfer page here – http://www.creditcardfinder.com.au/balance-transfer-credit-cards – Cheers.
Jeremy
are additional cards allowed
Hi Daryyl,
Thanks for the question. We checked the terms and conditions of the Bank Mecu Visa Credit Card and this is what it said: “We may issue a card to any person you nominate, provided that person is over the age of 18 years and satisfies the identity verification requirements of the Anti–Money Laundering and Counter Terrorism Financing Act 2006 (Cth) or any other relevant law.” It doesn’t exactly say how many you are allowed, but the standard number of cardholders for most accounts is four. Cheers.
Jeremy
does it cost anything to have an additional card holder?
Hi Monica, thanks for the question. There is no cost for each additional cardholder and each signatory to the account an eligible additional cardholder. Hope this has helped.
It says up to 55 days no interest. What is the amount of interest rate days you receive as soon as you open your account?
Hi Prasad. Thanks for your question. For information about what 55 days interest free means, please refer to our article on the topic. Cheers.
What would be the maximum limit one could apply for?
HI Sheree. Thanks for the question. Applicants are assigned a credit limit based on the information they provide to the lending institution during the card application.
If balance is paid within the 55 days, is interest charged?
Hi Sheree. Please refer to our guide on how the 55 day interest free system works for further information about this. Thanks for the question.
This is a no annual fee credit card, correct?
This means that if the card is not used, there is nothing to pay, correct?
If the card is not used within an amount of time, it can be cancelled/closed, with out penalty, correct?
Hi Judith. Thanks for your question. Provided the card goes unused there will be no fees or charges. Cheers.
What is the rewards system for this card – is it linked to a rewards system, e.g. flybuys, or does it have its own? Thanks.
Hi Elaine. The Bankmecu Visa Credit Card has no rewards program. For a comparison of rewards credit cards, please refer to our page. Thanks for your question.
What is the charge for the international purchases?
Hi Ahmet. Thanks for your question. International purchases will be charged a foreign currency conversion fee and the purchase rate of interest (after the up to 55 days interest free). International cash advances incur: foreign currency conversion fee, cash advance fee, cash advance interest (charged form the day you withdraw cash), international ATM fee and local ATM operator fee. Hope this helps.
Please advise maximum credit card limited I may choose to apply for.
thank you
Hi Wendy. There is no set limit, the maximum credit limit will be assigned based on the financial information you provide to the lender during application. Thanks.
how do i apply for a visa card that has 13.49%. can a pensioner apply for this kind of card. Thanks
If travelling overseas, what are the charges for drawing cash from your credit card, or would you use a debit card to do this? Is mecu debit card user friendly overseas? Basically I want to know the cheapest way of getting cash in a foreign country whilst travelling.
Regards
Marilyn
Hello Marilyn,
thanks for the question.
When travelling overseas with a credit card there are generally fees for making purchases and fees for withdrawing money from an ATM. This page compares the different fees for making overseas transactions for different institutions as well as the ATM fees which may be applicable. Bankmecu debit cards have a charge of $5 or 1% of the transaction, whichever is greater.
This article might also be useful, it compares travel cards and debit cards, which are other options to take overseas when travelling.
I hope this helps.