Circle Credit Cards

circle-credit-union-logo

Who else wants a credit card that gives cardholders low fees and competitive interest rates? The Circle credit card offers this and more.

Circle began operations in the form of the ICI Employees (Vic) Credit Co-op Limited in 1963, and it now assists more than 5,000 members from across the country. While most of its members come from the chemical industry, it also offers memberships to other Australian residents. Members of this cooperative are also its shareholders, so its profits go back into the system. This results in low fees and competitive interest rates. Circle offers its members an array of financial services and products, which include savings and access accounts, home loans, car loans, personal loans, investments solutions, and credit cards.

Comparing the Circle Credit Card

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Circle Visa Credit Card
Receive a low cost credit card and up to 55 days interest free with the power of Visa.
14.5% p.a. $60 p.a. More info

Types of credit cards that Circle offers

Circle offers a Visa credit card, and what sets this card apart from most others is that you can get a lower than standard rate.

  • Low rate card

While a low rate card might not offer too much in the form of features, its low interest rate can help you save. The Circle Visa credit card, owing to its Visa connection, is one that you can use at more than 25-million merchants worldwide. If you use your card right — by paying back your balance in full each statement period — you can get up to 55 interest-free days on purchases. The maximum borrowing capacity of this card is 100%. Its minimum credit limit is $500 and the maximum is $15,000.

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
Circle Visa Credit Card
Receive a low cost credit card and up to 55 days interest free with the power of Visa.
14.5% p.a. $60 p.a. Up to 55 days on purchases More info
Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
Westpac Low Rate Card
A simple low interest rate card featuring a low ongoing rate on purchases, up to 55 days interest-free on purchases and a low annual fee.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. Up to 55 days on purchases Go to site More info
ME Bank frank Credit Card
A low interest rate on purchases and cash advances with no annual fee charge.
11.99% p.a. $0 p.a. Up to 55 days on purchases Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
Newcastle Permanent Value+ Credit Card
Enjoy a competitive annual fee and interest rates on purchases, cash advances, and balance transfers.
11.49% p.a. $49 p.a. Up to 55 days on purchases Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
Westpac 55 Day credit card
Enjoy a balance transfer offer of 0% p.a. for 16 months, an introductory purchase rate of 1% p.a. for up to 12 months, plus a waived annual fee for the first year if applied by 11 October 2016.
1% p.a. for 12 months (reverts to 19.84% p.a.) 0% p.a. for 16 months $0 p.a. annual fee for the first year ($30 p.a. thereafter) Up to 55 days on purchases Go to site More info
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
9.99% p.a. 0% p.a. for 6 months $49 p.a. Up to 62 days on purchases Go to site More info
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $30 p.a. Up to 44 days on purchases Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
Take advantage of this exclusive offer and enjoy 0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 months on purchases.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Up to 44 days on purchases Go to site More info
ANZ Low Rate
Save on your existing credit card interest with 0% for 18 months on balance transfers with a low annual fee and low ongoing purchase rate.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Up to 55 days on purchases Go to site More info
Citi Clear Platinum Card
Enjoy 0% p.a. for 9 months interest-free purchasing and 0% p.a. for 9 months on balance transfers.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Up to 55 days on purchases Go to site More info
Learn more about low rate credit cards

Benefits of getting a Circle credit card

Despite the fact that the Circle credit card is a low rate card, you can still expect certain benefits as a cardholder. Here’s what you can look forward to:

  • Discounted rate

Circle gives you the advantage of accessing a discounted rate through a few different avenues. If you’re a homeowner you can use the equity in your house as security and get a lower interest rate. If you have an Employees Benefit Savings account you can get an even lower interest rate, and you also don’t have to pay any ongoing monthly fee.

  • High service standards

Circle is a niche financial services organisation, and its knowledgeable and friendly employees are quick to respond to members’ queries on a one-to-one basis. If needed, you can even contact the CEO directly.

  • Quick processing

The employee who processes your application remains the same from start to finish and keeps you informed on the goings on a regular basis.

How to apply for a Circle credit card

Applying for a Circle credit card is simple. You can complete an online application in a matter of minutes. To get started, click on the ‘Go to Site’ button next to the credit card’s description. Bear in mind, though, that you have to meet certain eligibility criteria, which include that you should:

Eligibility criteria

  • Be a permanent resident of Australia or an Australian citizen
  • Be at least 18 years old
  • Have a steady source of income
  • Have good credit history

Required information

Completing the application requires you to part with different types of information. Circle will use these details to establish your identity and the feasibility of offering you a credit card. The information you have to provide includes the following.

  • Personal details. Personal details include your complete name, date of birth, driver’s license number, marital status, number of dependent children, residential address and email address.
  • Employment details. Here, you have to enter the basis of employment, your occupation, your employer’s name and contact details and your total net income.
  • Financial information. This section requires you to list out your assets and liabilities. Your assets can include land, property, motor vehicles, home contents, and savings. Under liabilities, you have to provide details regarding your mortgage payments, rent, loans, credit cards, and store cards.
  • Security details. If you wish to provide security to take advantage of the special interest rate available, you have to provide details about the type of property, its address, its current value, and title details.

What happens after I apply?

Once you complete your application, Circle will review it. If any more information is required a representative will get in touch with you. Since Circle might call your employer to verify your income, you can help speed things along by letting your employer know about the call in advance. If this is the first time you’re dealing with Circle you’ll have to complete an identity verification process. You might have to visit a Circle branch to complete the required formalities, or you can mail in verified copies of the documents Circle requires.

Frequently asked questions

Here are answers to questions people commonly ask about Circle credit cards. If you can’t find the answer to any particular question, use the form at the end of the page to ask.

How long does the online application take to complete?

You can complete the application in as little as 10 minutes, provided you have all the required information at hand.

Can I save my application?

Yes, you can save your application at any point and retrieve it later. You get a code when you save the application, which you use to get back where you left off.

Can I check the status of my application?

Yes. To check the status of your application you have to call Circle’s member relationship team.

Is there any difference in the cash advance rate and the purchase rate?

No, cash advance and purchase rates of the Circe credit card are the same.

What fees do I have to pay?

The Circle credit card attracts a monthly fee of $5. You don’t have to pay this fee if you have an Employees Benefit Savings account. You might have to pay other transaction-related fees from time to time, details of which you will receive before you sign the contract. You also have to pay an application fee.

Do Circle credit cards offer rewards?

No, credit cards that Circle issues don’t offer any rewards or reward points.

Can I ask for an increase of my card’s credit limit?

Yes you can, but you have to meet Circle’s credit criteria in order to qualify.

Can I close my account?

Yes, and to do so you have to submit a written request. After the closure of your account you remain liable to make payments towards any outstanding balance on your account, which includes fees and charges levied before the account’s closure.
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Credit Cards Comparison

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

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