MOVE Bank Credit Card belongs to the Move bank, which we previously knew as Railways Credit Union, came into inception in 1968 to help railway workers and their families. Initially, it offered shareholder membership to people working in the transport, railways, and logistics sectors. Railways Credit Union became the Move People Driven Banking in 2016.
The legislative changes in 2018 made it easier for the Move People Driven Banking to shift towards a proper bank, and the new name adopted was the ‘Move Bank’. This bank also allows you to apply for the bank’s products (credit card etc.) as a non-shareholder member. With a long history of competitive high quality, financial products, and exceptional service. The bank has introduced the MOVE Bank Credit Card.
A card that impresses you with its low purchase rate, low annual fee, and up to 45 interest-free days. This card is the best option for anyone who is looking for a great savings deal. It has all the basic features of a low-rate credit card. The MOVE Bank Credit Card has won the 2020 and 2021 Mozo Experts Choice Award in the category of the low rate credit cards. It really is the best choice if you want to keep things simple.
MOVE Bank Credit Card benefits
One of the best features of the MOVE Bank Credit Card is the 0% p.a on balance transfers for the first 6 months. You have to request the balance transfer at the time of applying for the credit card. Remember that the introductory period will start from the balance transfer approval date, and the interest-free days will not be counted if you have a balance transfer debt.
The minimum transferable amount is $500 and the maximum is 80% of your approved credit limit from other credit cards. This card offers a minimum credit limit of $1,000 and the maximum limit is $25,000. Another great benefit of this credit card is its low purchase rate. This card has a purchase rate of 8.99% p.a, which applies to new purchases and also to the remaining balance transfer debt, after the introductory period.
You can enjoy up to 45 interest-free days if you pay the closing balance of your credit card. Especially before the due date mentioned in the statement. The interest-free period will start at the beginning of the statement tenure and will end on the due date mentioned on the next statement. You can make different purchases online, in-person, or by any other means, locally or internationally where Visa card works.
With Visa payWave, you can enjoy tap-and-go payments. You can also enjoy different offers on shopping, dining, entertainment, and other benefits with the Visa Offers + perks. With over 29 million credit card acceptance locations you don’t have to worry about the limited spending options. You do not have to worry about the purchases as the online purchases are secure through Verified by Visa.
Credit card security
With the Move Bank app, you can update, change your MOVE Bank Credit Card PIN. You can also permanently cancel or block the card in case of any mishap. There is 24/7 Visa Network support for lost or stolen cards. For queries or more information dial the number on the back of your card for customer support.
MOVE Bank Credit Card rates and fees
The MOVE Bank Credit Card has no annual fee in the first year. A $59 p.a annual fee is applicable after the introductory year. The overseas transaction fee is 2% on all purchases with the card overseas, and the cash advance rate is 12.99% p.a. A $5 fee applies to any cash advance transactions or to withdraw cash.
There is a $15 late payment fee for the payments after the due date. Other fees include a $ 10 over limit fee and a $3 per month statement fee. The minimum repayment rate is 3% of the outstanding balance or $20 (whichever is greater). Next topic, you will see how to apply for your own new credit card.
How to apply for the MOVE Bank Credit Card
You can apply online for a credit card, which usually takes around 10 minutes. The Bank claims that you will get a response within 1 working day of applying. Make sure that you meet the eligibility criteria before applying for the MOVE Bank Credit Card. There is also an option to save your application, if you don’t have the proper documents you can come back later and just proceed from where you left. To be eligible for the credit card, you must be a permanent Australian resident.
The application process
The application process for the MOVE Bank Credit Card starts with personal details. You have to enter your full name, phone number, address, email address, and date of birth. After that, you have to upload a valid ID that may be a passport, driver’s license, or Medicare number. The next step includes filling in the financial details that include current work situation, job title, salary, and employer’s contact details.
Payslips are also required for the confirmation of the details. In the next step of the credit card application, you have to provide any other sources of income like savings, investments, or other assets. The bank will need your details regarding any existing debt including cards and loans, and your household expenses as well.
For the balance transfer, you have to provide the details of the account and the amount to be transferred. Remember that these transfers will get approval from the bank and you can transfer up to a maximum of 80% of your approved credit limit. All this information can help you decide if this is the best credit card for you and your family.
Final thoughts about the MOVE Bank Credit Card
MOVE Bank Credit Card is a strong candidate when it comes to the low rate cards. This credit card is one of the best options for the ones looking for a savings deal or who want to pay off their card debt. Take advantage of the low-interest rate and the 6-month balance transfer offer with a 0% p.a interest rate.
The additional costs like late payment fees, statement fees, and over-limit fees are not by many customers. The visa network gives you the additional card security, independence, and flexibility of using it anywhere. The application process is simple and fast. Stay on our website to read more articles and choose the best credit card for you!