BankVic - VAU Qantas Visa Credit Card
This credit card from BankVic has a $0 annual fee, and up to 55 days interest-free on purchases. It has a cash advance interest rate of 18.95% p.a. and a balance transfer interest rate of 18.95% p.a. There is a minimum credit limit of $5,000.
An annual fee of $0 and a purchase interest rate of 18.95% p.a.
Annual Fee
$0 per year
Balance Transfer
8.99% for 6 months reverts to 18.95% p.a.
Purchase Rate
8.99% for 6 months reverts to 18.95% p.a.
Interest Free Period
up to 55 days
Details
Card Type
Visa
Minimum Repayment
2.50% or $20
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$5,000
Maximum Credit Limit
$30,000
Fees
Annual Fee
$0
per year
Late Payment Fee
$9
per statement
Rates
Purchase Rate
8.99% for 6 months
reverts to 18.95% p.a.
Cash Advance Rate
18.95% p.a.
Balance Transfer
Balance Transfer
8.99% for 6 months
reverts to 18.95% p.a.
Overseas Spending
Foreign Currency Conversion Fee
2%
per transaction
Eligibility
Minimum Age
18
years old
Rewards
Program
Qantas Frequent Flyer
Types
Qantas Frequent Flyer points
Reward Rates
Rewards Rate One
1 point(s) per AUD$2
On spent on eligible transaction
Rewards Rate Two
1 point(s) per AUD$1
On spent on Qantas flight
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation
and must meet the eligibility criteria for this product:
Likely Objectives
- A credit card that provides travel benefits such as earning Qantas rewards, low fees on foreign currency purchases, and access to complimentary travel insurance
- Offers a revolving credit limit to cover everyday expenses or to consolidate debt
- Ability to access available credit for day-to-day transactions and to cover short-term financial gaps
- Low balance transfer rate and no annual fee
Likely Needs
- Access to available credit anytime, anywhere using a physical card or digital wallet
- Visibility of account information including available credit, the date and amount of payment due and
transactions, can be accessed at any time using digital banking applications, or during operating hours
through telephone banking or at a BankVic branch - Ease of payment for any outstanding balance used on the credit card
Likely Financial situation
- Has sufficient disposable income to service the credit card
- Regular income may include overtime and bonuses
Eligibility criteria
- Members of TPAV or VAU
- Eligible for BankVic membership
- Aged 18+ years
- Have not declared bankruptcy or insolvency, or had defaults on any loans, credit cards, interest free --
finance or store cards in the last five years - Has sufficient disposable income to service the credit card
- Approval subject to BankVic credit assessment
Visit BankVic to view Target Market Determination Effective From: 2023-11-28.
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