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Defence Bank - Foundation Credit Card

The Defence Bank Foundation credit card has a 3.99% p.a. interest rate on purchases, cash advances and balance transfers for 6 months. The interest rate reverts to 8.99% p.a. thereafter. There are up to 55 days interest-free on purchases.

There is an annual fee of $45, and half of this fee is donated to the Defence Bank Foundation, a charity that provides specially-trained assistance dogs to veterans living with post-traumatic stress disorder (PTSD).

'Mozo - Low Rate Credit Card 2023’ and ‘WeMoney - Outstanding Customer Service - Credit Cards'.

Compare Credit CardsProduct Image For Defence Bank - Foundation Credit Card
An introductory interest rate of 3.99% p.a. for 6 months on purchases, cash advances and balance transfers. Minimum credit score eligibility criteria. 'Mozo- Low Rate Credit Card 2023’ and ‘WeMoney - Outstanding Customer Service - Credit Card'. T&Cs apply
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Annual Fee

$45 per year

Balance Transfer

3.99% for 6 months reverts to 8.99% p.a.

Purchase Rate

3.99% for 6 months reverts to 8.99% p.a.

Interest Free Period

up to 55 days
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Details

Card Type
Visa
Minimum Repayment
3% or $10
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$1,000
Maximum Credit Limit
$50,000

Fees

Annual Fee
$45
per year
Late Payment Fee
$20
per statement
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders

Rates

Purchase Rate
3.99% for 6 months
reverts to 8.99% p.a.
Cash Advance Rate
3.99% for 6 months
reverts to 8.99% p.a.

Balance Transfer

Balance Transfer
3.99% for 6 months
reverts to 8.99% p.a.

Overseas Spending

Foreign Currency Conversion Fee
3%
per transaction

Eligibility

Minimum Age
18
years old

Perks

Complimentary Travel Insurance
No
Airport Lounge Access
No

Who is the product designed for?

This product is designed for members who:

  • Are seeking a non-cash payment facility, to make purchases using a credit card to manage their cash flow needs
  • Are aged 18 years or more and meet credit assessment criteria for a credit card facility
  • Are seeking a lower rate of interest so that they have the option to spread repayments over more than one statement
    cycle
  • Are seeking to have available a credit facility to meet contingencies but want to minimise costs of such a facility unless
    and until it is actually used
Visit Defence Bank to view Target Market Determination Effective From: 2023-09-18.

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*Tyrian Pty Ltd (ABN 91 158 954 655, credit representative number 486373), is a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856). Tyrian Pty Ltd is a wholly owned subsidiary of iSelect Pty Ltd and has partnered with Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) who operate this website as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to help you compare a range of credit card, personal loan and car loans. Tyrian Pty Ltd and Fair Comparison Pty Ltd may receive a commission payment if users click through, apply and/or successfully acquire a loan or credit card product from or through the provider.

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Tyrian Pty Ltd - ACN: 158 954 655