BankVic is an important member-owned joint bank in Victoria, Australia. It used to be called the Police Credit Union. It has a variety of credit cards, from very low-rate cards to rewards cards that are linked to Qantas Frequent Flyer points, so that people can meet some different financial needs. I am giving you a BankVic Credit Cards Review and full details about the features, perks, fees, and some experiences of some people who have used BankVic credit cards.
| Feature | BankVic Low Rate Visa Credit Card | BankVic Qantas Visa Credit Card |
|---|---|---|
| Introductory Purchase Rate | 8.99% p.a. for 6 months | 8.99% p.a. for 6 months |
| Ongoing Purchase Rate | 13.95% p.a. | 18.95% p.a. |
| Annual Fee | $0 | $0 |
| Balance Transfer Rate | 8.99% p.a. for 6 months | 8.99% p.a. for 6 months |
| Interest-Free Days | Up to 44 days | Up to 55 days |
| Rewards Program | N/A | Earn Qantas Frequent Flyer points |
| Complimentary Insurance | N/A | International travel insurance |
| Foreign Exchange Margin | 3.65% | 3.65% |
| Digital Wallet Compatibility | Apple Pay, Google Wallet, Samsung Pay | Apple Pay, Google Wallet, Samsung Pay |
| Additional Cardholders | 1 free | 1 free |
| Customer Service Rating | High | High |
| Official Website | BankVic Credit Cards | BankVic Credit Cards |
Types of BankVic Credit Cards
BankVic Low Rate Visa Credit Card
The BankVic Low Rate Visa Credit Card is very good for many people who want to very low interest as possible and not have to pay any yearly fees. Here are some important features:
- Interest Rates: For the first 6 months, the card’s purchase rate is 8.99% p.a., but after that, it goes back to its normal rate of 13.95% p.a. for both purchases and cash transfers.
- Fees: This card does not charge any annual fees, so it is a very wise choice for saving money. A $15 late payment fee, a 3.65% foreign exchange margin, and a $2 fee for extra bills are some of the other fees.
- Daily Interest-Free Days: If a cardholder pays off their amount in full every month, they can enjoy up to 44 days of interest-free shopping.
- Payment Options: You can use Apple Pay, Google Wallet, and other digital apps with this card, which makes it easy to pay.
BankVic Qantas Visa Credit Card
People who want to pay very low interest as possible and not have to pay any fees every year should get the BankVic Low Rate Visa Credit Card. Here are some important things:
- Rates of Interest: The card’s purchase rate is 8.99% p.a. for the first 6 months. After that, it returns to its normal rate of 13.95% p.a. for both purchases and cash transfers.
- Fees: This card is a very good way to save money because it does not bill you every year. There are also $3.65% foreign exchange fees and a $2 fee for extra bills. The late payment fee is $15.
- Daily Interest-Free Days: A user can shop interest-free for up to 44 days a year if they pay their balance in full every month.
- Ways to Pay: This card works with Apple Pay, Google Wallet, and some other apps that let you pay with your phone.
BankVic Credit Cards Reviews
Many customers like BankVic credit cards, especially when it comes to good customer service, security features, and value for money.
Help with Customers
People love it because BankVic’s customer service is very helpful and friendly. There are many users saying that they had good experiences with staff, pointing out how friendly and very quick they were. One customer, for example, said that BankVic’s staff quickly reversed an interest charge that was made because of a very small amount shortfall.
Safety
BankVic cares about keeping credit cards very safe. A service called ORION helps them deal with some scams. It watches transactions 24 hours a day, 7 days a week, for anything that seems fishy.
Easy access
BankVic credit cards are widely accepted and also come with different type of digital banking choices. But some users have find that the some small number of physical branches can be inconvenient for people who would rather bank in person. For many users, this is not a problem because they can use the full range of online and phone banking services.
Costs and Features
Very low fees and good interest rates make the BankVic Low Rate Visa Credit Card a good choice. Many customers like that there is no annual fee and that there is a long period of time without interest. Some users think that the card’s benefits could be very good as compared to some other options on the market.
The benefits programme on the BankVic Qantas Visa Credit Card makes it very popular, especially with some travellers who like to earn Qantas points. It is appealing because it comes with free trip insurance and does not charge an annual fee. But many people are very worried about very high interest rate after some introductory period.
Pros of BankVic Credit Cards
- No yearly fees: Very Low Rate Visa and the Qantas Visa cards both do not charge any yearly fees, which is a very good thing for many people who want to save money.
- Early Bird Rates: The early bird rates on interest are affordable, especially for new purchases and balance transfers.
- Rewards Programme: The Qantas Visa card’s ability to earn Qantas points and come with travel insurance are big draws for people who travel many times.
- Customer Service: BankVic is a very good choice for many people who value help and dependability because its customer service consistently gets very high marks.
Cons of BankVic Credit Cards
- Interest Rates That Stay High: After the introductory time, the interest rates on both cards go back to very high levels, which may not be as good as some other cards on the market.
- Few Physical Branches: Many customers who like doing business with a real person may not like how few physical branches there are.
Conclusion
BankVic credit cards have very good rewards and low-cost choices. They also have very good customer service and strong security features. The Low Rate Visa is very good for people who want to save money on interest without having to think about annual fees. And also, the Qantas Visa is great for people who travel a lot and want to get the most out of their rewards. BankVic credit cards have some problems, like very high ongoing interest rates and fewer physical branches. But the total value and customer satisfaction make them a very good choice for many people.
Those who are interested you should check the most recent terms and conditions directly from BankVic to make sure the card fits your unique financial needs and way of life.
You can also visit more credit cards on our website.