Woolworths Team Bank Visa Credit Card

Name: Woolworths Team Bank Visa Credit Card
Brand: Woolworths Team Bank
Rating: 4.0 (1 reviews)

Offers a low ongoing 13.45% p.a. interest rate on balance transfers, cash advances, and purchases.
Low annual fee of just $25 p.a.
Up to 55 days interest-free on purchases.

Pros and cons

Additional cardholders. Add additional cardholders for free and share the account with family members. The primary cardholder will be responsible for managing the account and making sure repayments are made on time.
Digital wallets. Compatible with Apple Pay, Google Pay and Samsung Pay digital wallets.
Gambling transactions. Gambling transactions are classified as being cash equivalent. Therefore, the cash advance rate will apply.

Complimentary travel insurance. The Woolworths Team Bank Visa Credit Card does not provide complimentary international travel insurance.
Concierge services. Unsurprisingly, there is no concierge service for cardholders.
Insurances. This card comes with fraud protection but none of the other complimentary insurance of higher-level cards on the market.
Rewards points. This credit card does not have a rewards program, which is typical for a value card such as this.
Sign up bonus. There is no sign up bonus for new customers.

Annual fee. This card has an ongoing annual fee of $25 p.a., which is competitively low.
Balance transfers. This card does not currently have an introductory balance transfer offer. Several other value cards do offer interest-free or low interest balance transfers for new customers.
Cash advances. It's 13.45% p.a. on cash advances, with interest accruing immediately from the transaction date. There is an additional one-off fee for cash advances.
Foreign exchange fee. The card has a 2.5% foreign transaction fee for purchases made outside Australia or with an overseas online store.
Interest-free period. You can get up to 55 days interest-free on purchases (except cash advances) when you pay off your balance or make the minimum required payments by the due date.
Purchases. There is no introductory offer on purchases. If you use the card and carry a balance over, you will be charged an ongoing interest rate of 13.45% p.a. This is lower than the average, but other cards have lower rates.