Defence Bank Credit Cards

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Apply for a card with Defence Bank and enjoy features that can help you save

Defence Bank began operations in 1975 in the form of Defence Force Credit Union Limited, with the current ‘Defence Bank’ name being introduced in 2012. This bank continues to follow the basic credit union concept, where it does not have any shareholders and rather invests its entire profits back into the institution in order to provide more competitive products and enhanced service to its members. It boasts of assets in excess of $1.35 billion and has more than 90,000 members.

This bank has 40 branches across Australia, which includes locations in the Australian Capital Territory, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, and Western Australia.

Comparison of Defence Bank Credit Cards

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Defence Bank Low Rate True Blue Credit Card
A low interest credit card from Defence Bank with a low annual fee.
3.99% p.a. for 6 months (reverts to 11.74% p.a.) 3.99% p.a. for 6 months $45 p.a.

Credit card offered by Defence Bank

If you choose to deal with the Defence Bank, you have the choice of applying for an ATM card, debit card or a credit card. Details of the credit card are as follows:

  • Low rate credit card

Low rate credit cards give you the spending power you want from a credit card without charging you too much in the form of interest. The Low Rate True Blue Credit Card offered by Defence Bank offers a low introductory rate of 3.99% p.a. that enables to repay your initial purchases with relative ease. At the end of the 6 months the interest rate changes to a competitive variable rate of 11.74% p.a. Keep in mind that this card does not give you the ability to earn and redeem reward points, and it does not offer complimentary extras like insurance covers and access to concierge services.

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
Defence Bank Low Rate True Blue Credit Card
A low interest credit card from Defence Bank with a low annual fee.
3.99% p.a. for 6 months (reverts to 11.74% p.a.) 3.99% p.a. for 6 months $45 p.a. Up to 55 days on purchases
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

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Benefits of banking with Defence Bank

When you become a member of Defence Bank you’ll not only enjoy competitive products, such as the Low Rate True Blue card, but you’ll also enjoy a number of other benefits.

  • Online banking

Defence Bank utilises evolving technology to gives its members an immersive online banking experience. You can login to the Defence Bank website to view details of your credit card account, make repayments online, and most convenient of all is being able to apply for one of their cards online. You can find out how to apply in the section below.

  • Defence Bank Video Call App

If you need assistance with one of your Defence Bank products and have an Android phone device, then you can download the Video Call App. This app lets you speak face-to-face with a Defence Bank customer service representative between the hours of 10am and 4pm (weekdays) in order to get some assistance. You can use the app for help with Defence Bank personal loans, home loans, car loans, term deposits and investments, insurance and everyday banking products.

  • Visa card benefits

The Defence Bank credit card is a Visa card, meaning you can use it just about anywhere in the world. You also have access to other features, like Visa Checkout, where you can make your online payments securely by entering a username and password. This takes away the need to enter your personal and shipping details when you’re online shopping. You’ll also enjoy Visa payWave technology, which gives you a secure and contactless way to quicken your shopping experience for transactions under $100.

Applying for a Defence Bank credit card

Applying for the Defence Bank Low Rate True Blue Credit Card is easy, and you can do so online. Just click the ‘Go to Site’ button to get the process started. Alternatively, you can also do so by visiting any Defence Bank branch. If you plan to visit a branch located within a defence base you should carry your current defence pass along. If you don’t have a current defence pass, you can get in touch with the branch in question to establish what other forms of ID you can use.

As with other credit cards, you have to meet certain eligibility criteria to qualify. In addition to meeting the minimum age requirement, you should also meet residency requirements and have good credit rating.

You have to provide certain information as part of the application process, so keep the following handy:

  • Personal details. These include your name, date of birth, residential address, phone number, and email address.
  • Income details. You have to provide details of income from all sources, which include real estate and stock market investments.
  • Expenditure details. Under this section, you need to submit details about existing credit cards, which includes their limits. Other expenses include utility bills, mortgage repayments, rent and child support payments.
  • Other credit cards. If you wish to use this credit card to transfer balances you have to provide certain details about the other credit cards in question. This includes the names of the cards, card numbers, and amounts you wish to transfer.

What happens after applying?

After you apply for the Defence Bank Low Rate True Blue credit card you can expect to hear from the bank soon after. A representative will keep you informed about the process and the eventual result of your application. The bank might ask you to provide more information during the application process. If the bank decides to offer you this credit card you have to go through an identity check, which is a legal requirement. This is not necessary if you already bank with this institution. While you might have to visit a branch to complete these formalities, you can also find out if mailing certified copies is acceptable. Once the bank verifies all required information, your new Defence Bank Low Rate True Blue credit card will be sent to you.

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Frequently asked questions

Here, you’ll find answers to commonly asked questions about Defence Bank credit cards. If you need any further information, feel free to ask by using the form at the bottom of this page.

Does Defence Bank offer a rewards credit card?

As of now, Defence Bank does not offer any rewards credit card.

What are the minimum and maximum credit limits of the Defence Bank Low Rate True Blue Credit Card?

The minimum credit limit of the Defence Bank Low Rate True Blue credit card is $1,000. The maximum limit depends on multiple factors like your income, credit rating, and ability to make repayments.

What is the minimum repayment I have to make?

The minimum monthly repayment you have to make depends on the outstanding balance, and as a result, can vary from one month to the next. This is calculated as either 3% p.a. of the outstanding balance or $10.00, whichever is higher.

How do I apply for a balance transfer?

If you wish to transfer balances from existing credit cards to this card you should initiate the process when you apply for the card. You’ll have to submit all relevant details. Just how much you can transfer depends on your Defence Bank Low Rate True Blue Credit Card limit.

Can I close my Defence Bank credit card account?

Yes, you can. To do so you have to start by paying your balance in full. With no outstanding balance in your account, simply get in touch with a Defence Bank representative to go through the account closure process.

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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

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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