Our verdict

This no annual fee credit card offers a 0% interest rate for the first 6 months and a variable 11.49% p.a. rate after that.

The Credit Union SA Workplace Benefits Credit Card has simple, low-cost features, including an ongoing $0 annual fee and the same low rate for all transactions. This means the introductory 0% p.a. interest rate applies to purchases, balance transfers and cash advances made in the first 6 months. The 11.49% p.a. variable rate that applies after that is also competitive with other low rate cards. But you’re only eligible to apply for this card if you’re employed by SA Power Networks (including subsidiaries).

Pros

Introductory 0% p.a. interest rate for 6 months
Low 11.49% p.a. variable rate after the introductory period
No annual fee ever

Cons

Only available to SA Power Networks employees
3% foreign transaction fee

The Credit Union SA Workplace Benefits Credit Card offers worldwide acceptance through the Visa card network. You can also add it to most popular mobile wallets, including Apple Pay, Google Pay and Samsung Pay. To qualify as a Workplace Benefits member, you need to confirm SA Power Networks is your employer when you apply for this card (or another eligible account).

Details

Product details

Product Name	Credit Union SA Workplace Benefits Credit Card
Balance transfer rate p.a.	0% for 6 months, then 11.49%
Purchase rate p.a.	Purchase rate p.a. 0% for 6 months, then 11.49%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	11.49%
Min credit limit	$1,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	Annual fee $0
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	Foreign currency conversion fee 3%

How to apply

You can apply for the Credit Union SA Workplace Benefits Credit Card online by filling in a secure application form. To get started, check that you meet the eligibility criteria and have all the details required for the application.

Eligibility

SA Power Networks employee. You must be a current employee of SA Power Networks or one of its subsidiaries. But if you don't meet this requirement, you can still compare other Credit Union SA credit cards to decide if one is suitable for you.
Income. You must receive a regular income and be able to provide details of it on the application.

- Australian residency. This card is available to Australian citizens and permanent residents.
- Age. You must be at least 18 years of age to apply for a credit card in Australia.

Documents and details

- - Personal information. This includes your name, date of birth, residential address and contact details. If you're not already a member of Credit Union SA, you'll also need to provide a valid form of ID, such as your driver's licence, passport and/or Medicare details.
  - Employment details. As well as confirming you work for SA Power Networks, you'll need to provide details of your occupation, length of employment, income and your employer's contact details.
  - Financial details. Include details of any other forms of income, as well as existing assets and savings, credit card accounts, debts and other liabilities. You also need to provide an estimate of your share of regular spending, including for rent or mortgage payments, groceries, bills and entertainment.

Card benefits

- - 0% interest rate for 6 months. This card offers an introductory 0% p.a. interest rate on purchases, balance transfers and cash advances for the first 6 months. At the end of the introductory period, any unpaid balance attracts an 11.49% p.a. variable interest rate.
  - No annual fee. You'll get an ongoing $0 annual fee with this card. To give you an idea of the potential savings, personal credit cards with annual fees typically charge between $25 and $1,450 per year.

- - Interest-free days. If you pay the entire balance listed on your statement by the due date, you'll get up to 55 days interest-free on purchases made with this card. This gives you a way to save on interest beyond the introductory period.
  - Mobile wallets. You can add the Credit Union SA Workplace Benefits Credit Card to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay or Garmin Pay, then make payments straight from your mobile device.
  - Visa benefits. You can use this card in-store, online or over the phone anywhere Visa is accepted. In stores, you can tap and pay (or use your mobile). And online, you get the added protection of Visa Secure verification. You also get Visa Zero Liability protection for fraudulent transactions and exclusive shopping, dining, travel and entertainment deals through Visa Offers + Perks.

Rates and fees

- - Interest rate. Outside of any promotions, this card has an 11.49% p.a. variable interest rate. This is competitive with other low rate cards and applies to purchases, cash advances and balance transfers.
  - Cash advances. Unlike most credit cards, there is no cash advance fee if you use this card to withdraw cash or make other cash advance transactions. But outside of any promotions, interest will be charged from the date a cash advance transaction is made.

- - Currency conversion fee. A fee of 3% applies for transactions made overseas or online in a foreign currency.
  - Account management. Check your account balance, temporarily lock your card and manage other details through Credit Union SA internet or mobile banking.

Sources

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Credit Union SA Workplace Benefits Credit Card

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Rates and fees

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