- 7.74% p.a. on purchases and balance transfers for the first 6 months
- Low 13.49% p.a. ongoing rate
- Up to 55 days interest free on purchases
- No annual fee for the first year, $60 p.a. thereafter
- Free additional card
- Eligible with Apple Pay, Google Pay and Samsung Pay
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Unity Bank Credit Cards
Unity Bank Visa Credit Card
Updated 1 November 2024
Save with a low introductory rate of 7.74% on purchases and balance transfers for 6 months and $0 annual fee for the first year. Plus, receive up to 55 days interest free each month on all new purchases and add an extra cardholder for free. T&Cs apply
Purchase Rate (p.a)
7.74% p.a.
for 6 months. Reverts to 13.49% p.a.
Balance Transfer (p.a)
7.74% for 6 months
No balance transfer fee.
Reverts to 13.49% p.a.
Annual Fee (p.a)
$0 first year. Then $60 p.a.
Pros and cons
- There are lower introductory offers out there
Creditcard.com.au review
Editor Review
Unity Bank 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 Unity Bank Visa Credit Card
With a great money saving intro offer, the Unity Bank Visa Credit Card is currently offering new cardholders an intro rate of 7.74% p.a. on purchases and balance transfers for six months, and no annual fee for the first year. Ongoing, the card has a nice low purchase rate with up to 55 days interest free on purchases, a reasonable annual fee and no additional cardholder fee.
What we love...
So, you want to save money on your credit card? The Unity Bank Visa Credit Card could help you do just that. Offering money saving in the long and short term, this card currently has an intro offer on purchases and balance transfers, while waiving the annual fee for the first year. Interested? Let’s get into it.
First up, the card offers an intro rate of 7.74% p.a. on purchases and balance transfers for six months. In terms of purchases, you may have a larger purchase you want to buy but can’t afford to pay for it all upfront. With this offer, you can buy it now, to pay it off over the intro period at a lower rate of interest.
Or, if you have credit card debt you want to pay off, this offer lets you pay less in interest on your transferred balance for six months, to then pay off more of what you owe. And, if you don’t manage to pay off the full transferred amount, it will revert to the card’s low purchase rate, which is certainly more appealing than if it were to revert to a much higher cash advance rate, as you so often see on other balance transfer cards.
But that’s not all. The Unity Bank Visa Credit Card also helps you save on annual fees, waiving the card’s standard annual fee in the first year. From there, the card has a pretty reasonable annual fee, and if you want to add an additional cardholder to the account, you can do so at no extra cost.
As for ongoing interest, the card’s standard variable interest rate is lovely and low. This could make it a good option for cardholders who carry a balance on their card, allowing them to save on interest as they work on paying off what they owe. And for those who do clear their balance each month, there is up to 55 days interest free on purchases (not available on accounts with a balance transfer).
What’s not so great...
While it’s certainly nice to save on interest with that intro offer, it may not be the lowest intro rate you can find. There may be 0% offers that could help you save more – but with those offers, it’s important to look at what the rate reverts to, how much the card would cost overall, and its suitability over the long term.
Why should you choose this card?
If you want a basic card, the Unity Bank Visa Credit Card could be the no frills option that offers everything you need. Whether you want to take advantage of its intro offer or not, it could act as a low cost card that allows you to keep things simple, giving you access to credit, with no complex features to worry about – or pay for.
As a cardholder, you can enjoy access to the extensive Visa network, with merchants and ATMs around the world, backed by Unity Bank service and support, and phone and online banking. If you want to sync your card to your device, you can do so with Apple Pay, Samsung Pay or Google Pay.
Overall Rating
A no frills card, the Unity Bank Visa Credit Card has a low ongoing purchase rate and annual fee, with an intro offer of 7.74% p.a. on purchases and balance transfers for six months and no annual fee for the first year.
User reviews
Rates and fees
Interest rates
Purchase rate 13.49% p.a.
Introductory purchase rate 7.74% p.a. for 6 months
Cash advance rate 13.49% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 7.74% p.a. for 6 months
Balance transfer revert rate 13.49% 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 Unity Bank
Credit limits
Minimum credit limit $1,000
Maximum credit limit $30,000
Fees & repayments
Annual fee $60 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $20.00 (whichever is greater)
Annual fee the first year $0
Cash advance fee N/A
Late payment fee N/A
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
Unity Bank Visa Credit Card
Key features
- 7.74% p.a. on purchases and balance transfers for the first 6 months
- Low 13.49% p.a. ongoing rate
- Up to 55 days interest free on purchases
- No annual fee for the first year, $60 p.a. thereafter
- Free additional card
- Eligible with Apple Pay, Google Pay and Samsung Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
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Permanent Resident or Australian Citizen
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
Recently Asked Questions
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