Defence Bank Credit Card
Highlights
- 3.99% for 6 months on balance transfers, purchases, and cash advances (reverts to 8.99% p.a. thereafter).
- Low 8.99% p.a. ongoing interest rate on purchases and cash advances.
- Up to 55 days interest-free on purchases.
Pros and cons
Pros
Cons
History
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. Defence Bank Credit card allows one additional cardholder at no extra cost.
- Digital wallets. This card is compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
- Gambling transactions. Gambling transactions are blocked on this card.
Rewards and benefits
- Complimentary travel insurance. Unfortunately, the Defence Bank Credit Card does not offer complimentary international travel insurance.
- Concierge services. The Defence Bank Credit Card does not provide access to a concierge service.
- Insurances. This card comes with fraud protection.
- Rewards points. This credit card does not have a rewards program.
- Sign up bonus. Defence Bank does not offer a sign up bonus for this card.
Rates and fees
- Annual fee. This card has an ongoing annual fee of $45.
- Balance transfers. Defence Bank Credit Card has a balance transfer offer of up to 100% of your existing credit limit, with a 3.99% p.a. interest rate for the first 6 months, reverting to 8.99% p.a. after that period expires.
- Cash advances. Unlike many cards, there is an introductory offer of 3.99% p.a. on cash advances. This reverts to the standard 8.99% p.a., which is very low compared to the average. Interest on cash advances accrues from the transaction date.
- Foreign exchange fee. A 3% foreign transaction fee will be applied to all purchases made online or overseas in a foreign currency.
- Interest-free period. This card offers up to 55 days interest-free on purchases (except cash advances) when you pay the account balance in full or make the minimum required payments.
- Purchases. Take advantage of the 3.99% p.a. introductory offer on purchases for 6 months. After that, you will be charged 8.99% p.a. on purchases made with this credit card.
Reviewed by Nilooka Dissanayake
Writer
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Very pleased with this card
Reviewed by Jason
I pay it off regularly and there’s a very good interest rate. Being a defence member, the bank really looks after you. The card is very secure when using over the internet. I have had the card for 10 years and wish I had got one when I first joined the Army 22 years ago.
Customer service is second to none
Reviewed by Kat
This card is issued by a great bank and overall is a great card. Fees are pretty standard but it is very convenient to use at any ATM
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