Defence Bank Credit Cards

Why choose Defence Bank

Benefits

Moderately low interest rates
No balance transfer fees
Moderately low annual fees

Drawbacks

No platinum card offer
Multiple fees could apply
Limited branches throughout Australia

About Defence Bank credit cards

Defence Bank only offers one standard Visa credit card for their customers. There is no platinum credit card option with perks.

Customers of Defence Bank can enjoy a very low interest rate for a limited period of card ownership after which the interest rate is moderately low. Defence Bank credit card owners also receive a moderately low interest rate on cash advances.

A moderate amount of interest-free days are available for Defence Bank Visa credit cardholders.

The standard Defence Bank credit card comes with moderately low annual fees.

Customers should be aware of moderate low payment fees in addition to fees for going over limit, duplicate statements and supplementary cards.

There is no introductory balance transfer offer on Defence Bank credit cards; however, there are also no fees for balance transfers.

Defence Bank credit cards review

Defence Bank offers customers a standard Visa card with no frills. Those who are seeking a platinum card with rewards would likely be better served by other financial institutions and credit card offers.

Those who choose a standard Visa credit card with Defence Bank can enjoy very low interest rates on purchases for a limited time. After this time, customers receive moderately low interest rates on purchases in addition to moderately low interest rates on cash advances.

Customers also receive moderate interest-free days in addition to moderate late payment fees. There are also over-limit, duplicate statement and supplementary card fees.

For customers thinking of transferring debt from another card, there is no introductory balance transfer offer for Defence Bank credit cards. However, there is also no fee for balance transfers.

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About our expert

Nick Bendel

Property & Personal Finance Writer

A property and personal finance writer, Nick Bendel covered property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.