Sydney Mutual Bank Credit Cards

Sydney Mutual Bank Credit Cards

Sydney Mutual Bank offers a low rate Visa credit card, which comes with a comparatively low interest rate but does not have any additional features and a rewards program attached. It does have the ability to balance transfer to it fee-free, and approvals for the credit cards can be made within 48 hours.

The Sydney Mutual Bank credit card also received a Blue Ribbon reward from Smart Investor in 2011.

About Sydney Mutual Bank

One interesting fact about Sydney Mutual Bank is that it merged with a Ukrainian credit union, called the Karpaty Foundation, in January 2010. You can view more about the Karpaty Foundation on the Sydney Mutual Bank website.

Sydney Mutual Bank's History

Sydney Mutual Bank (SCU) was established in 1963 and the directors then wanted to start a company to protect and promote the financial wellbeing of employees of the City of Sydney Council. Borrowing funds from the banks was restrictive according to them, so they resolved to offer Sydney Mutual Bank members a new and competitive solution.

In the beginning only personal loans or lending and basic call savings were available with Sydney Mutual Bank, but today the all personal retail banking services are available to members.