- 9.99% p.a. on purchases, cash advances and balance transfers
- Low annual fee of $39. The annual fee is waived when previous spend exceeds $8,000 p.a.
- Up to 58 days interest-free on retail purchases
- Credit limits starting from $500
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Bank of us Credit Cards
Bank of us Visa Credit Card
Updated 1 November 2024
Enjoy one simple low interest rate of 9.99% p.a. on purchases, cash advances, and balance transfers. Plus, save with a low annual fee of $39, waived if minimum annual spend is met, and up to 58 days interest-free on retail purchases.
New customers only. T&Cs apply.
Purchase Rate (p.a)
9.99%
Balance Transfer (p.a)
9.99%
Annual Fee (p.a)
$39
Pros and cons
- No introductory balance transfer offer
Creditcard.com.au review
Editor Review
Bank of us Visa Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Bank of us Visa Credit Card
Combining a low annual fee with a low purchase rate, the Bank of us Visa Credit Card offers cardholders the opportunity to keep costs low while enjoying access to credit. As a no frills card, it doesn’t waste time on complex rewards programs or expensive features, instead it simply allows you to pay with credit, to then benefit from up to 58 days interest free on purchases.
What we love...
As a low cost card, the Bank of us Visa Credit Card offers one low rate on purchases, cash advances and balance transfers. Having one low rate not only makes it easier for you to get your head around what this card will cost you day-to-day, it could also help you to save a significant amount in interest if you were to switch from a card with a higher rate.
You see, Bank of us is a customer-owned bank. Unlike bigger banks, which pay out profits to shareholders, it can re-invest its profits back into the organisation, benefitting customers by providing them better rates and lower fees. This is why you will usually find customer-owned banks tend to offer lower rates than bigger banks, even on supposedly low rate products.
Should you choose Bank of us over a bigger bank? While there are pros and cons to each option, it’s worth bearing in mind that while bigger banks are obviously better known, smaller banks such as Bank of us face the same rules and regulations as authorised deposit-taking institutions. So, if you are thinking of choosing Bank of us as your card provider, it may be a better idea to look to the service, support and features it offers, rather than whether you have heard of the bank before.
Quite obviously, this offering from Bank of us is simple. Most low rate cards are. To keep costs low, providers cut back on features. But, that doesn’t have to be a bad thing. For many cardholders, simple is better, simple is all they need. Aside from its low rate, the card also offers a low annual fee, providing an opportunity to save even more money.
Aside from that, the card offers up to 58 days interest free on purchases. That means, if you clear your balance by the due date each month, you will have up to 58 days before interest starts accruing on your purchase. This is longer than most cards on the market, and can provide a great way to cover day-to-day spending using your card, without having to pay interest for the privilege.
What’s not so great...
You’ve already heard us say the Bank of us Visa Credit Card is simple. That means you won’t earn rewards on your card spending, and you won’t benefit from fancy features such as access to airport lounges or hotel upgrades when you travel, or a concierge service to help you when you need to make a restaurant reservation. If you want that stuff, look elsewhere.
Why should you choose this card?
What this card does offer is simplicity and money-saving. If you want a basic card that keeps it real, the Bank of us Visa Credit Card could be for you. If you want to save on interest, this could be the card that makes that happen. Often a great choice for cardholders who carry a balance month to month, or who simply don’t see the point in paying hundreds of dollars in annual fees for features they don’t need, this type of card has plenty to offer the right type of person.
Overall Rating
A simple card that keeps it real, the Bank of us Visa Credit Card has one low rate on purchases, cash advances and balance transfers, with a low annual fee and up to 58 days interest free on purchases.
User reviews
Rates and fees
Interest rates
Purchase rate 9.99% p.a.
Cash advance rate 9.99% p.a.
Interest free period on purchases up to 58 days
Balance transfer
Balance transfer rate 9.99% p.a. for 99 months
Balance transfer revert rate 9.99% p.a.
Balance transfer from personal loan N/A
Balance transfer fee No fee
Balance transfer limit N/A
Brands you can't balance transfer from N/A
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $39 p.a.
Additional cardholder fee Up to 2 - $0 p.a.
Foreign transaction fee 2.5%
Minimum repayment 3% or $10 (whichever is greater)
Cash advance fee $5
Late payment fee $20
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
Bank of us Visa Credit Card
The Bank of us Visa credit card from Bank of us offers a low 9.99% p.a. on purchases and an annual fee of $39. Enjoy up to 58 days interest free on purchases.
Key features
- 9.99% p.a. on purchases, cash advances and balance transfers
- Low annual fee of $39
- Up to 58 days interest-free on retail purchases
- Credit limits starting from $500
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian citizen or a permanent resident
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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