BCU Bank
Earn cashback on everyday spending with a low 13.05% p.a. purchase rate and a minimum $500 credit limit. Enjoy up to 52 days interest free and strong Visa protection.
The BCU Rewards Credit Card offers Australian consumers a simple way to earn cashback on eligible purchases. Sporting a competitive 13.05% p.a. purchase rate and a low minimum limit of $500, it’s designed to be accessible while rewarding everyday spending. For those seeking a straightforward credit card with the perk of earning up to $500 cashback per financial year and up to 52 days interest free, this is an appealing proposal.
How to Apply: Step-by-Step
- Gather identity documents and proof of income.
- Contact BCU by phone or visit a branch.
- Discuss your needs with a lending specialist.
- Provide employment details and regular expenses.
- Wait for approval and activate your new card.
Pros of the BCU Rewards Credit Card
One of the biggest advantages is the direct monthly cashback credited to your account. Cardholders who pay off their balance each month can also make the most of the interest-free period. Additionally, a low minimum limit and robust security features—such as Visa’s Zero Liability policy—add peace of mind.
Cons of the BCU Rewards Credit Card
On the downside, the annual fee is $89, which could offset rewards for low spenders. The cashback rate (0.49%) is competitive, but there’s an annual maximum of $500, limiting high earners. Lastly, cash advances incur a higher rate at 14.80% p.a. with a $5 fee per transaction.
Verdict
For Australians wanting a no-fuss rewards card with built-in security and cashback on the essentials, the BCU Rewards Credit Card is a solid and user-friendly choice. However, it’s best suited for those who spend regularly and clear their balance each month to unlock maximum value.
