Select Mutual Banking Credit Cards


Who else wants a Select Mutual Banking credit card that offers worldwide access along with a low interest rate?

Important Information

Last 1 July 2016, Select Credit Union and Encompass Credit Union merged and became Select Encompass Credit Union Ltd.

Select Mutual Banking began operations in 1963, to offer financial services to employees of the Sydney County Council and their family members. In 1995 this credit union opened membership to all residents of Sydney, Central Coast, and Hunter regions. It merged with CSR-Rinker Employees Credit Union in 2009, and with MemberFirst Credit Union in 2012. This credit union offers its members different financial services and products, which include personal loans, car loans, credit cards, home loans, transaction accounts, savings accounts, term deposits, and more.

Types of credit cards that Select Mutual Banking offers

This credit union offers its members a credit card they can use to take care of unexpected financial needs and for everyday shopping, and this card comes with a Visa connection.

  • Low rate credit cards

If you don’t want to pay a higher interest rate for extras like rewards and complimentary insurance covers, a low rate card might be ideal for you. Unlike many credit cards that charge a higher interest rate for cash advances, the Select Mutual Banking Visa Credit Card charges the same low interest rate for purchases as well as cash advances. If you use this card in the right way you can get as many as 55 interest free days on purchases. You have to pay a nominal annual fee to use this card, and there is no additional card fee.

Learn more about low rate credit cards

Benefits of Select Mutual Banking credit cards

If you bank with Select Mutual Banking you can look forward to loyalty fee rebates depending on your combined loans and savings balances. Using the Visa credit card that this credit union offers comes with other benefits as well.

  • Worldwide access

You can use this Visa credit card in over 200 countries, where millions of businesses accept Visa as a form of payment. If you wish to use this credit card for a cash advance you can turn to any ATM that displays the Visa logo. While you can use this Visa credit card in brick-and-mortar establishments, you can also use it online and over the phone, to shop and to pay bills. This Visa credit card is Paywave enabled, so you can make contactless payments for purchases under $100, as long as the merchant supports this technology.

  • Other Visa benefits

The ‘Verified by Visa’ program provides an additional layer of security when you use your card to make purchases or pay bills online. Visa’s Zero Liability policy ensures that you do not have to take responsibility for fraudulent transactions.

  • Free services

Select Mutual Banking offers its credit card users with a number of free services, which include payWave transactions, internet banking, mobile banking, phone banking, direct credits, BPAY payments, Visa purchases, branch deposits, Bank@Post deposits, and transfers via phone and internet banking.

  • Balance transfers

If you wish to use this credit card to transfer balances from existing credit cards that charge high interest, you can. While this card does not offer any special balance transfer rate, any transferred balance attracts the card’s low ongoing rate. The minimum you can transfer is $500, and you cannot transfer more than your available credit limit.

How to apply for a Select Mutual Banking credit card

You can apply for a Select Mutual Banking credit card by visiting any of its branches, and you can also do so over the phone. If you wish to apply online, or if you wish to download an application, click on the ‘Go to Site’ button next to the card’s details. Before you move forward with the application, establish that you meet the required eligibility criteria, which are as follows.

Eligibility criteria

  • You are over 18 years of age
  • You are a permanent resident of Australia
  • You have good credit history

Applying for a Select Mutual Banking credit card requires that you provide different types of information, which includes the following.

Required documents

  • Personal. This includes your complete name, contact details, marital status, and number of dependents.
  • Employment. Provide your employment status as well as the name and contact details of your employer.
  • Income and expenses. Income refers to income from all sources. Expenses comprise day to day expenses as well as any other recurring expenses.
  • Assets and liabilities. Assets include any equity you have in real estate, vehicles, investments, and savings. You also have to provide details about liabilities like store cards, credit cards, loans, and overdrafts.

What happens after submitting the application?

After reviewing your application, if Select Mutual Banking requires any additional information you can expect someone to contact you. The process requires that Select Mutual Banking call your employer for income verification, and by letting your payroll department know of this call in advance you can play your part in speeding things along.

If you’re not an existing Select Mutual Banking member you’ll have to become one in order to receive your card. New members have to go through an identity verification process, as required by Australian law.

Frequently asked questions

If you’re looking for an answer to a particular question you might find it here. If not, use the form at the end of the page to ask.

How much time does it take to complete the online application?

You can complete the online application in around 10 to 15 minutes, but you don’t have to complete it in one go. If you don’t have all the required information handy you can save your application in between. You receive a unique PIN via email after you save your application, which you can use to retrieve your partially completed application.

How can I check the status of my application?

Once you complete your application you get a reference number. Use this number to track the progress of your application by calling Select Mutual Banking on 1300 13 14 20.

What is the minimum credit limit and what do I have to do if I want it increased?

The minimum credit limit of the Select Mutual Banking Visa credit card is $1,000. You can request for an increase in credit limit, but you have to meet certain credit criteria in order to qualify.

Can I get an additional card?

You can apply for an additional card, linked to your primary card, but the individual for whom the card is should be at least 18 years of age.

What fees might I have to pay?

In addition to paying a nominal annual fee, other fees you might incur include cash advance fees, overseas transaction conversion fees, Bank@Post withdrawal fees, and deposit dishonour fees.

What should I do to report a lost or stolen card?

To report a lost or stolen card from within Australia call the toll free hotline on 1800 648 027, and from overseas you should call + 61 2 9959 7686 (or the Visa hotline in the country you’re in at the given time).

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