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Summerland Bank credit cards

Summerland Credit Union has been servicing Australians and their banking needs for over 50 years. Founded in 1964, Summerland Credit Union’s members also serve as part owners of this community-based bank.

In addition to credit cards, Summerland Credit Union also offers financial products such as bank accounts, home loans, personal loans, financial planning and insurance.

There are only 10 branches to visit in Australia, so Summerland Credit Union serves mostly as an online bank.

Mark Bristow
Mark Bristow

Personal Finance Editor

Content updated

Product data updated

Why choose Summerland Bank

Benefits

  • Introductory balance transfer offer
  • No annual fee during introductory period
  • No late payment fees

Drawbacks

  • Potential for moderately high interest rates
  • Limited branches
  • Not many perks or rewards available

Summerland Bank Credit Cards

About Summerland Credit Union credit cards

Summerland Credit Union has a limited range of credit cards on offer, ranging from a standard Visa to a platinum credit card. With this in mind, members can make a card selection that is right for them, whether they want lower interest rates or rewards on their purchases.

Interest rates on purchases vary from moderately low to moderately high, depending on the credit card chosen.

A moderate interest-free period is offered, allowing Summerland Credit Union members to pay off their credit card debt before accruing interest.

Summerland Credit Union Visa cards have no late payment fees. For an introductory period, Summerland credit cards also have no annual fee. After the introductory period, annual fees range from moderately low to moderate depending on the card.

There is an introductory balance transfer rate for new members of Summerland. After this period, the balance transfer rate reverts to the card’s purchase interest rate.

Summerland Credit Union credit cards review

Summerland Credit Union offers a limited range of credit cards. However, members searching for a low-rate card or one with rewards might be satisfied with what Summerland has to offer.

A moderately low interest rate is available and could be suitable for someone who wants to mitigate the risk of risk. People looking to earn rewards for spending, on the other hand, might prefer the rewards card option. However, be mindful that this card comes with a higher interest rate.

Those who are looking to move their debt from another credit card might also be attracted Summerland Credit Union’s introductory balance transfer rate. However, potential customers should be mindful that the balance transfer rate returns to the standard purchase rate after the introductory period.

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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.