BankVic - Low Rate Visa Credit card

These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:

Likely Objectives

• Offers a revolving credit limit to cover everyday expenses or to consolidate debt
• Ability to access available credit for day-to-day transactions and to cover short-term financial gaps
• Low balance transfer rate

Likely Financial Situation

• Has sufficient disposable income to service the credit card
• Regular income may include penalty rates, overtime, and bonuses

Likely Needs

• Access to personalised guidance and support from an experienced credit card lender
• Individual assessment of credit card serviceability
• Available credit can be accessed at any time through a linked Visa credit card and digital banking
  applications
• Visibility of available credit, including the date and amount of repayments and transactions, can be
  accessed using digital banking applications, during operating hours through telephone banking or at a BankVic branch

Eligibility criteria

• Eligible for BankVic membership
• Aged 18+ years
• Have not declared bankruptcy or insolvency, or had defaults on any loans, credit cards, interest free finance or store cards in the last five years
• Has sufficient disposable income to service the credit card
• Approval subject to BankVic credit assessment