Bank of us Visa Credit Card
Highlights
- Take advantage of the low-interest rate of 9.99% p.a. on purchases, cash advances, and balance transfers.
- $0 p.a. annual fee when you spend $8,000 every year instead of the usual $39 p.a.
- Enjoy up to 58 days interest-free on your purchases.
Pros and cons
Pros
Cons
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Our review
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The basics
- Additional cardholders. You can add up to 2 additional cardholders for free, so you can share your account with family members. However, the account holder will be responsible for managing the account and all repayments.
- Digital wallets. This card works with Apple Pay and Google Pay.
- Gambling transactions. Gambling transactions are not allowed on the Bank of us Visa Credit Card.
Rewards and benefits
- Complimentary travel insurance. Unfortunately, there is no complimentary international travel insurance cover with this card.
- Concierge services. As a no-frills card, a concierge service is not included.
- Insurances. This card provides fraud protection and no other insurance coverage.
- Rewards points. If you want to earn rewards points, you'll need to get a different card.
- Sign up bonus. Bank of us do not offer any sign up bonus for this card.
Rates and fees
- Annual fee. The annual fee for this card is $39 per year.
- Balance transfers. There is no introductory balance transfer offer, so any balance transfers will be at the rate of 9.99% p.a. Whilst there are cheaper offers on the market, this interest rate is lower than the average ongoing rate.
- Cash advances. Bank of us Visa Credit Card offers a low cash advance rate of 9.99% p.a., with interest starting to accrue immediately from the transaction date. Bank of us will charge a fee of 5% on any cash advances made with this card, in addition to the interest rate. Although the cash advance rate is low, the one-off fee is higher than average.
- Foreign exchange fee. All purchases made overseas or online in a foreign currency will incur a 2.5% fee.
- Interest-free period. Get up to 58 days interest-free on purchases, excluding cash advances, when you pay off your account balance or make the minimum required payment by the due date.
- Purchases. There is currently no introductory offer on purchases, so any purchases that are not paid off and carried over will be charged interest at the rate of 9.99% p.a. This is a competitive ongoing rate.
Reviewed by Nilooka Dissanayake
Writer
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Good basic card
Reviewed by Patti
I just needed a cheap basic card to get me by when finished paying off my home loan. It has no yearly fee, which is great. On the down side there are no rewards, so I do miss that a bit.
I would recommend it to people starting out. Also has 55 interest-free days.
Basic credit card, basic stuff, nothing special
Reviewed by Frank
If I could have a card with more functionally than this, it would be great. It’s very basic stuff and the card’s not accepted in all stores. Online buying is also very limited. Overseas purchases are often declined because the bank is not recognised in other countries. It’s not to say that they are not handy, but not always needed.
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