Credit Card
By Teachers Mutual Bank
Use your credit card for shopping, travelling overseas or even to consolidate other credit or store card debt.
Last product change: 09 Jul 2025
Last checked: 14 Aug 2025
Use your credit card for shopping, travelling overseas or even to consolidate other credit or store card debt.
Last product change: 09 Jul 2025
Last checked: 14 Aug 2025
| Type | Rate (p.a.) | Comparison Rate (p.a.) | Duration |
|---|---|---|---|
Cash Advance | 11.5% | - | |
Cash advance interest rate applies to the amount of cash or its equivalent that is withdrawn or transacted from a credit card account. | |||
Introductory | 7.9% | - | 6 months |
Introductory interest rate applies to balance transfer and purchase transactions for the first 6 months from the date of the Letter of Offer. | |||
Purchase | 11.5% | - | |
Purchase interest rate applies to the amount of any transaction with a merchant made on a credit card account. | |||
| Billing Frequency | Details | |||
|---|---|---|---|---|
| ARREARS_ADMINISTRATION_FEE | Event | $10.00 | Payable each time staff action a loan account, RediCredit or Credit Card account in arrears. | |
| LATE_PAYMENT_FEE | Event | $10.00 | Payable by debit to your account when the minimum payment on a Credit Card account is not received by the due date. Charged once per statement period. | |
| CARD_REPLACEMENT_FEE | Event | $10.00 | Payable when you request a replacement card. | |
| ATM_WITHDRAWALS_OVERSEAS | Transaction | $4.50 | null | |
| INTERNATIONAL_CONVERSION_FEE | Transaction | 2.90% of transaction value in $AUD collected by Cuscal Limited - 0.90% paid to Us; 1.00% retained by Cuscal; 1.00% paid to Visa International. Payable when you transact in a foreign currency using your Visa card either online or at a merchant point of sale (irrespective of where the transaction occurs; performed not in Australian Dollar; or overseas merchants transact in a foreign currency.) | ||
| CASH_ADVANCES_FEE | Transaction | $4.50 | Visa Debit and Visa Credit card cash advances at other financial institutions in Australia and overseas. Individual bank branches may not offer this service and may charge additional fees (at cost). | |
| PAPER_STATEMENT_FEE | Periodic | $1.55 | P1M | This fee applies when you have elected to receive a paper statement by post in addition to a statement available to view and download in internet banking. It is in addition to fees for replacement and additional statements. For credit cards, this fee is debited to credit card account on the 7th day of the month after the end of a statement period. For all other accounts, this fee is debited to transaction, savings or loan account in that order on the 15th day of the month after the end of a statement period. Exceptions apply. For more information please refer to our Fees and Charges brochure. |
| DEFAULT_NOTICE_FEE | Event | $25.00 | Payable when we send you a default notice asking you to remedy a default under your credit contract. |
| Additional Cards | Unlimited additional cards |
| Balance Transfer | Yes |
| Interest Free Period | 55 days |