Pulse CU MyCard Low Rate Mastercard

Information verified correct on September 30th, 2016

Transfer balances to pay a low balance transfer rate for 9 months, and pay a discounted annual fee for life.

The Pulse CU MyCard Low Rate MasterCard comes with a special balance transfer offer where you pay a low balance transfer rate for the first 9 months. You can keep paying a discounted annual fee for the life of the card. Purchases made using this card not only enjoy a low rate, but also receive protection from complimentary insurance covers.

Product NamePulse Credit Union MyCard Low Rate Mastercard
Balance transfer rate (p.a.)0% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.24% p.a.
Offer end date31 January 2017
Annual fee$75 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.)21.74% p.a.
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.
$2,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Minimum Monthly Repayment2% or $30 whichever is greater
Minimum Income$25,000
Card TypeMasterCard
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Minimum Income$25,000
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.
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.
$2,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Annual Fee$75 p.a.
Minimum Repayment2% or $30 whichever is greater
Overseas Cash Advance Fee$5.00
Number of Additional Cardholders4
Direct DebitYes
Australia PostYes
Phone BankingYes
MailYes

Pulse CU MyCard Low Rate MasterCard review

Transferring balances from existing cards to this card can lead to noticeable savings, given its introductory balance transfer rate that stays in place for the first 9 months. Using the card suitably can give you up to 55 interest-free days on purchases. Complimentary insurance covers provide peace of mind when it comes to purchases you make using this card.

Benefits of the Pulse CU MyCard Low Rate MasterCard

  • Balance transfer offer. You can save a considerable sum if you use this card to transfer balances from existing cards, which is because this card charges a low balance transfer rate of 0% p.a. for the first 9 months.
  • Low interest rate. This card comes with a low ongoing purchase rate of 20.24% p.a. and this low rate can be particularly useful if you don’t pay off your balance in full each statement period.
  • Complimentary insurance covers. Complimentary purchase cover insurance provides protection to purchases made using this low rate card against loss, theft, and damage. If a product you buy using this card goes on sale within a given time period, you can get a refund for the price difference through the guaranteed pricing scheme.
  • Easy access to funds. You can use this low rate MasterCard in most countries around the world, anywhere you see the MasterCard logo. This includes to withdraw money from ATMs or to make purchases in-store using EFTPOS. You can also make use of this card for making purchases and paying bills, online and over the phone.
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Pulse CU MyCard Low Rate MasterCard Features

  • Annual fee. Enjoy the features of this card for less. Applying for the Pulse CU MyCard Low Rate MasterCard before 31 January 2017 enables you to keep paying a discounted annual fee of $49.
  • Interest-free days. Paying the closing balance in full every month gives you the ability to get as many as 55 interest-free days on purchases.
  • Additional cards. You can nominate up to 4 individuals aged over 16 years to be additional cardholders. Remember, you remain liable for all purchases they make using their additional cards.
  • MasterCard PayPass. If your transaction comes to under $100, and if you see the PayPass sign, you can use this card to make contactless payments.
  • Card security. This microchip-enabled credit card offers increased protection against fraud when compared to magnetic strip cards. Fraudshield is in place to detect irregular transactions, and if any such transaction is detected you receive a phone call immediately. MasterCard SecureCode provides an added layer of security in the online world.
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How to apply for the Pulse CU MyCard Low Rate MasterCard

You can apply for the Pulse CU Low Rate MasterCard by visiting any Pulse CU branch or by speaking to a Pulse CU lending specialist over the phone.
To apply, you have to meet the following eligibility criteria:

Application Criteria

  • You should be a permanent resident of Australia
  • You should be over the age of 18 years
  • You should earn a minimum of $25,000 p.a.
  • You should have good creditworthiness

Completing the application requires that you provide different types of information, so make sure you have easy access to the following:

  • Your Australian driver’s license or passport
  • Proof of income in the form of last two payslips
  • Details regarding your debt and expenditure

While the balance transfer offer this low rate MasterCard comes with can lead to savings, know that there are other cards that can help you save, you still have the option to compare few more credit cards.

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Credit Cards Comparison

Rates last updated September 30th, 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
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 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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