ECU Low Rate Visa Credit Card

Information verified correct on September 26th, 2016

The ECU Low Rate Visa Credit Card is designed to help meet your financial obligations without the high annual fees and charges.

If you would like one competitive interest rate for both purchases and cash advances, then you may want to consider the ECU Low Rate credit card. If you also have a home loan already with ECU, the annual fee is waived.

There’s no annual fee for additional cardholders as well, so you can share the convenience and accessibility of your credit card with a loved one without the fuss of opening a new account.

ECU Low Rate Visa Card is backed by Hunter United, a credit union that has grown into a full service financial institution with assets of over $229 million.

Product NameECU Low Rate Visa Credit Card
Purchase rate (p.a.)10.95% p.a.
Annual fee$48 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)10.95% p.a.
Minimum Monthly Repayment3%
Card TypeVisa
Late Payment Fee$1.50
Foreign Currency Conversion Fee (VISA)2.5% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Annual Fee$48 p.a.
Minimum Repayment3%
Late Payment Fee$1.50
Over Limit Fee$25
Cash Advance Fee$3
Overseas Cash Advance Fee$3
Overseas Emergency Replacement$8
Overseas ATM Withdrawal Fee$3
Foreign Currency Conversion Fee (VISA)2.5% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Phone BankingYes
Internet Banking TransfersYes

Benefits of the ECU Low Rate Visa credit card

  • Interest free days. ECU Low Rate Visa Card offers 55 interest free days on purchases. What that means is if the credit card user pays their balance in full at the end of each billing cycle, they will be charged no interest. If there is a balance due at the end of the billing cycle and a purchase was made at any time during the interest free days time frame, there will be no interest charged for that number of days.
  • Zero Liability. Verified by Visa gives you an added layer of security for those who transact credit card business on the internet from participating stores.
  • Visa PayWave. Your credit card incorporates Visa PayWave, which is contactless payment technology designed to offer you more speed and convenience so you can make your purchases faster.
  • Competitive interest rates. ECU interest rates are the same low rate for purchases and cash advance, a practice almost unheard of in the world of credit cards.
  • No balance transfers. The balance transfer feature is not available with this credit card.

Features of the ECU Low Rate Visa credit card

  • Annual fee. This card comes with a $48 annual fee.
  • Interest-free days. If you repay your balance in full by the payment due date, you can enjoy up to 55 days interest free on purchases.
  • Additional cardholders. With the ECU Low Rate Visa Card, you are allowed to add an additional cardholder to your account at no extra cost.
  • Contactless payment. You can enjoy the convenience of Visa payWave’s technology wherein you no longer have to enter a PIN nor provide your signature to authorize a transaction.

How to apply for the ECU Low Rate Visa credit card

The ECU Low Rate Visa Credit Card application can be filled out and submitted online. The application can also be filled out over the phone or in person during regular bank hours. All information designated with a red star is required information. Applicants must be at least 18 years of age and be a permanent resident of any state of Australia. The applicant must also be permanently employed with evidence to support this.

An application is reviewed for credit worthiness and approved or not approved within 48 hours. Applications considered incomplete will be returned to the applicant with a request for more information. This will delay the approval process.

Once approved, the new credit card holder must agree to the terms and conditions to officially establish the account. Also remember there’s no penalty for paying the balance in its entirety at any time during the billing cycle. Any time a balance is paid in the full before the end of the billing cycle is not charged any interest.Back to top

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