Imagine a life without credit cards. You would have to handle enormous amounts of cash for everyday necessities. This is precisely where credit cards come into play. They make our lives much easier while offering us lucrative rewards in the long run.

However, it is paramount to select a well-rewarding credit card so that you receive beneficial returns that are actually useful. One such low rate credit card is offered by Credit Union Australia (CUA).

The CUA Low Rate Platinum Credit Card is best suited for individuals who are seeking a cost-effective card for their daily needs. Here is a detailed guide about the features of this card, followed by an outline of the online application procedure.

Features of the Card

Supports Mobile Payment

With the CUA Low Rate Platinum Credit Card, you do not need to worry about carrying your wallet at all times. This card supports mobile payments through both Google Pay and Apple Pay. Moreover, it ensures the complete security of your payments.

CUA Life Rich Rewards

This program gives you exclusive access to amazing cashback and flight rewards that are easily redeemable. For instance, in the case of flights, you can redeem your points via the online service. Furthermore, you can earn up to 100,000 points per year by earning one point per dollar.

Travel Insurance

In order to make your travels more stress-free and enjoyable, this card comes with $15,000 travel insurance which can be extended to $30,000 in case you are traveling with your partner or dependents. Moreover, you also get a 24-hour concierge service to assist you with your travel planning, tickets, stay, tours, etc.

Purchase Protection Insurance

This includes a complimentary cover for loss, theft, or accidental damage incurred on the diverse range of new products that you have purchased using your low rate credit card. You can exercise this perk for 90 days after your purchase billing date.

Online Banking Privileges

You can easily manage your credit card transactions through the online portal or the mobile application. This empowers you to have complete control over your finances at all times, even when you are on the go.

How to Apply?

The online application procedure to attain the CUA Low Rate Platinum Credit Card is simple and extremely customer-friendly. To initiate your application request, you would have to visit the designated online portal.

Thereafter, you will have to click on the ‘Apply Now’ option that is present underneath the corresponding card details. On doing so, you will be directed to a page that contains detailed information about the prerequisites for application along with the eligibility criteria.

Click on the checkbox, confirming your agreement, and then click on ‘Next’. You will be led to the main application page. This consists of three subsections, personal details, application details, and financial details. Provide accurate information in all these subsections to prevent your form from getting rejected.

Once you are through, review your form before finally submitting it. This completes your online application procedure.

Fees and Interest Rates

  • Annual fee: Initially, the annual fee is $0 for the first year. Thereafter, you are charged $149 per year.
  • Purchase interest rate: This stands at 19.99% p.a.
  • Interest-free days: Additionally, you get to enjoy up to 55 interest-free days.
  • Balance transfer fee: You are entitled to 0% p.a. balance transfer fee for the first 18 months.
  • Minimum credit limits: The minimum credit limit is set at $5,000.

Eligibility Criteria

It is imperative that you match the eligibility criteria mentioned below so that your application is accepted without any complication.

  • You must be above 18 years of age
  • You must be a permanent resident of Australia
  • You must have a regular income
  • You must not have declared bankruptcy or insolvency

Contact Information

Head Office, 

145 Ann St, 

Brisbane City, 

QL, 4000, AU

Telephone: 133-282

Takeaway

If you are scouting for a rewarding everyday card that comes on a budget, you can apply for the CUA Low Rate Platinum Credit Card. It promises to provide several benefits without being too heavy on your pocket.

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.