How to Apply for the Low Rate Credit Card from Australian Unity
The Low Rate Credit Card offers a lower interest rate compared to most credit cards on the market, making it easier to manage balances from month to month.
The card also includes anti-fraud protection, giving users peace of mind against unauthorized charges. Responsible use of this card can help improve your credit score, which can be beneficial for future financial needs. Ideal for those seeking low interest on purchases, this card saves money while offering simplicity for daily expenses.
Who can apply?
See below the eligibility criteria settled by Australian Unity to apply for this card:
- Australian citizens/permanent residents over the age of 18: This includes those who have Australian citizenship or permanent residence in Australia and are 18 years or above.
- Applicants who are now not bankrupt and have a good credit history: This means people who have done a good job of handling credit responsibly, paying back the loans or debts on time as well, and not having been through bankruptcy recently. It means that they are financially responsible borrowers.
If you meet these requirements, you have a fair chance of getting approved. Low credit score applicants and students, those with poor credit scores can also apply, but a good one can help you so much.
Also, you may need to provide some documentation like your ID or passport, proof of address, and proof of income.
How to Apply?
The application process is fast and can be done online through the company’s website from Australian Unity.
- Step 1: Go to the Australian Unity Official Website and find the “Credit Cards” menu.
- Step 2: Click on the “Low Rate Visa” card option. You can review all the information about this card, like fees, benefits, and interest rates.
- Step 3: Press the “Apply Now” button and provide all personal and financial information required.
- Step 4: Read the terms and conditions of the application and fill out the application form. If everything is okay, submit your enquire.
- Step 5: The team will review your application and get in touch with you within a few days as to whether your application has been approved or not.
Once approved, you will receive your new credit card quickly. It is designed to work as a security feature, so it will be delivered in a deactivated form, and you will need to activate it.
Activating Your New Card
Card activation is compulsory for security purposes and takes a short time. Here are the simple steps:
- Step 1: Activation instructions will be provided to you along with your card. There is also a facility to generate a personal identification number (PIN).
- Step 2: Insert your card into any Australian bank ATM or card terminal at a retail store.
- Step 3: When the message prompt comes up, enter your designated PIN. Your card will now be active.
- Step 4: Sign up for Internet banking using a password sent to the email to enable you to sign in to your account online.
You can now make purchases or withdrawals with your activated card up to the approved credit amount. Please proceed to the next section to learn about some charges that may be applied.
Fees and Tariffs of this card
This card is a cost-effective option, some charges may be required for some of the services offered. These include:
- Annual fee: $59
- Bank@Post withdrawal fee: $0
- Cash Advance Fee: 9.90% per annum
- Foreign currency conversion fee: 3.00%
- Late Payment Fee: $10 will be added if the minimum repayment is not made by the due date.
Other opt-in services could also attract slight charges that are not included in the given charges. This list is not exhaustive of fees that may be charged to cardholders, please refer to the detailed cardholder agreement for the full list. It also contains performance indicators for credit limits, the way interest is charged, statements, and repayments.
The Pros and Cons
Pros
- A low interest rate helps to reduce the amount charged on interest
- Enjoy a low annual fee, that provides more freedom to make purchases
- The repayment terms are also fairly reasonable, meaning that you can repay according to the amount of money that you have at that particular period.
- No ATM fees
- Protection against fraud
- Tap-and-go purchases of up to $100
- Widely accepted for hassle-free international transactions
- If used responsibly, it can help create or even enhance credit scores.
Cons
- Charge of annual fee
- Other options can be more attractive
- Absence of points or miles program
Get Excellent Customer Service
In case of any queries on the application, approval status, delays, card usage, charges, repayments, statements, please reach out to the customer service team immediately via:
- Call 1300 790 740 for the toll-free helpline or the phone number on the back of the card
- To begin a chat session, visit Australian Unity’s website and log in.
- By email contacting [email protected]
The support team is present on weekdays, specifically at Mon – Fri 8.30 am – 5:30 pm AEST. For complaints, consumers should first try to contact Australian Unity.
Conclusion
It has a lower interest rate than the general credit cards offered in the market today. This makes it easier to transfer a balance from one month to the other, so the penalty is not much of a concern. This means that the interest costs are lower than other cards available in the Australian market.
It most likely addresses transparent payment options that enable consumers to make a small monthly payment towards the remaining amount. This helps the consumer avoid defaulting on payments if they are unable to afford the full payment.
It may also provide anti-fraud and monitoring services that aim to protect its consumers from credit card fraud and unauthorized charges. This they do gives confidence in knowing that all is well.
Consequently, correct card use, paying on time, and maintaining a proper credit utilization percentage will improve a consumer’s credit score. Keeping a good credit rating is helpful in the future as far as loans and credit are concerned.
This card is a good option for those who are looking for a credit card with a low interest rate percentage on purchases, you will pay less interest over time and save a significant amount of money. Also, this card provides simplicity and useful tools for your everyday spending.
