Defence Bank Credit Card

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.