Summerland Credit Union Low Rate Mastercard

The basics

• Additional cardholders. You can add up to 4 additional cardholders for free. The primary cardholder will be responsible for managing the account and repayments.
• Digital wallets. This card is compatible with Google Pay.
• Gambling transactions. Gambling transactions are not allowed.

Rewards and benefits

• Complimentary travel insurance. The Summerland Credit Union Low Rate Mastercard does not provide complimentary international travel insurance.
• Concierge services. This card does not come with access to a concierge service.
• Insurances. Comes with price protection and fraud protection, but lacks any other beneficial insurance coverage.
• Rewards points. Since this is a value card, it isn't possible to earn rewards points.
• Sign-up bonus. There is no signup bonus for this card at this time.

Rates and fees

• Annual fee. The ongoing annual fee is $49 p.a. and is waived for the first year.
• Balance transfers. Offers an introductory balance transfer deal at 0% p.a. interest for the first 9 months. After this period, the revert rate of 11.99% p.a. will apply to any remaining balance. There is no balance transfer fee, which is increasingly uncommon for a balance transfer card.
• Cash advances. Cardholders will be charged 15.99% p.a. for any cash advances made with the card, and interest will begin to accrue immediately from the date of the advance. Summerland Credit Union will charge a one-off fee per cash advance.
• Foreign exchange fee. All purchases made overseas or with an online store based overseas will incur a 3% foreign exchange fee.
• Interest-free period. Take advantage of up to 55 days interest-free on purchases (except cash advances) when you pay your balance in full or make the minimum required payment by the due date.
• Purchases. The Summerland Credit Union Low Rate Mastercard does not have an introductory offer for purchases. Therefore, purchases with this card will be charged interest at 11.99% p.a. until paid off.