Important disclosure
![First Option Credit Union Limited](https://production-ultimate-assets.ratecity.com.au/creditcard/C0Q4RqtwxlL-wW2h.png)
First Option Bank Low Rate Visa Credit Card
special
Every time you spend money using your First Option Low-Rate Visa credit card you contribute 0.25% directly to funding biodiversity programs run by our program partners.There are no extra costs, fees or charges to be part of the program, it comes with the card.
Purchase Rate
Purchase Rate
10.49%
p.a
Balance Transfer Rate
Balance Transfer Rate
10.49%
p.a
RateCity Says
“A competitive lower-rate credit card that boasts a lower than average annual fee and free supplementary cards.”
Pros and cons
For Low Rate Visa Credit Card
Benefits
- Ongoing variable purchase rate ranked in the best 20%
- $0 annual fee in the first 12 months and $48 p.a thereafter.
- Lower than average annual fee
- Apple Pay, Google Pay and Samsung Pay available
- Free supplementary cards
- Fraud protection
Drawbacks
- No reward program
First Option Bank Rate Credit card overview
For Low Rate Visa Credit Card
Details
Card Level Standard | Card Type Visa |
Interest Free Days Interest Free Days 45 | Minimum monthly repayment 3% or $25 |
Minimum credit limit $500 | Maximum credit limit $80k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit First Option Credit Union Limited to view Target Market Determination. |
Fees
Annual Fee Annual Fee $0 for 12 months then $48 thereafter | Annual Fee Spend Waiver |
Supplementary card annual fee $0 | Late Payment Fee $0 |
Over limit fee $15 | Duplicate statement fee $5 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate Purchase Rate 10.49% p.a |
Cash advance rate 17.99% p.a |
Cash advance fee |
Balance Transfer
Balance Transfer Rate Balance Transfer Rate 10.49% p.a |
Transfer Limit $80k max card limit |
Balance Transfer Fee |
Overseas spending
Foreign Exchange Fee 2% on Visa |
Overseas charges Overseas charges $3.5 |
Estimated ATM Cost $9.5 for AU $300 withdrawal |
Rewards
Program name |
Rewards Available |
Eligibility
Minimum age 18 |
Minimum income |
Eligibility conditions |
Residency |
Perks
- FREE SUPPLEMENTARY CARDS
- FRAUD PROTECTION
- Other Every time you spend money using your First Option Low-Rate Visa credit card you contribute 0.25% directly to funding biodiversity programs run by our program partners.There are no extra costs, fees or charges to be part of the program, it comes with the card.