Defence Bank Credit Cards

Defence Bank offers one low-cost credit card option, which also helps support a charitable cause through the Defence Bank Foundation. While this member-owned bank has a history of providing accounts and services to the Australian defence forces, anyone can apply for a Defence Bank Foundation credit card if they meet the requirements and want to become a member of the bank. Here, we'll go through the key details of the Defence Bank Foundation credit card account, how to apply and the benefits you can get as a member.

Comparison of Defence Bank credit card features

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Name	Product	Purchase rate	Interest-free period	Annual fee	Balance transfer rate
Defence Bank Foundation Credit Card		3.99% p.a. for 6 months, reverts to 8.99% p.a.	Up to 55 days on purchases	$45	3.99% p.a. for 6 months	Offers 3.99% interest for 6 months on purchases, balance transfers and cash advances.	More Info	Compare	loading Fetching your data...

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Defence Bank Foundation Credit Card

The Defence Bank Foundation Credit Card is a low rate credit card that offers you the same interest rate for purchases, balance transfers and cash advances. It offers a low introductory rate of 3.99% p.a. for the first 6 months, then a variable rate of 8.99% p.a. With this card, half of the $45 annual fee is donated to the Defence Bank Foundation, which puts all the funds it raises towards a program that matches rescue dogs with veterans who experience post-traumatic stress disorder (PTSD) and related conditions. The other features on this card are kept simple and include 24/7 fraud protection, worldwide acceptance through the Visa card network and contactless and mobile payments.

Benefits of banking with Defence Bank

Some of the key features you can get when you have a credit card from Defence Bank include:

• Support a charitable cause

The Defence Bank Foundation has been set up to support the defence community. All funds go towards the Defence Community Dogs program, which rescues dogs from pounds and shelters, trains them with the help of inmates in correctional centres, then provides the dogs free of charge to veterans. If you get a Defence Bank Foundation credit card, half of your annual fee will go towards this program – meaning you can support it through your choice of credit card. If you're interested, visit the Defence Community Dogs website for more information on this program.

• Online and mobile banking

Keep track of your account balance, check statements and manage your account details from anywhere with Internet banking or the Defence Bank mobile app. You can also visit a branch or call 1800 033 139 for phone banking.

• Visa card benefits

You can use a Defence Bank Foundation credit card to make payments in-person or online wherever Visa cards are accepted. It also comes with Visa's contactless payment technology, so you can tap-and-pay without entering a PIN for purchases under $200. Plus, take advantage of exclusive deals on shopping, dining, entertainment and travel through Visa Offers + Perks (listed on the Visa website).

• Digital wallets and contactless payments

You can add the Defence Bank Foundation Credit Card to your Apple Pay, Google Pay, or Samsung Pay wallet. It can also be used with Garmin Pay and Fitbit Pay to make payments straight from your mobile phone or other smart devices.

How to apply for a Defence Bank Foundation credit card

If you've decided you want to apply for the Defence Bank Foundation credit card, you can fill in a secure application online through the Defence Bank website. As part of the application, you'll need to meet the following eligibility requirements and provide details about your personal and financial details.

Eligibility criteria

• Australian residency status. You must be an Australian resident or citizen.
• Tax responsibilities. You must not be a foreign tax resident and you won't be able to apply online if you have any overseas tax obligations. If that's the case, you can call Defence Bank on 1800 033 139 to discuss your options.
• Age. You must be at least 18 years of age.

Documents and details

• Personal details. This includes your name, date of birth, residential address, phone number and email address. You also need to provide details of two of the following forms of ID: your Medicare card, Australian driver's licence or Australian passport.
• Employment details. As well as your after-tax income, you need to provide details about your current employment status, including your role, length of employment and your employer's contact details. You should also have recent payslips or other official documents handy to help verify these details.
• Financial details. This covers your other assets, as well as debts and liabilities. You also need to include details of your regular household expenses, such as rent, mortgage payments and bills.
• Other credit cards. If you want to transfer your existing credit card balance onto the Defence Bank Foundation card, you will need to provide details about the amount of debt you want to transfer, as well as the account details.

If you have any questions about your application, or want to check on the process, you can call Defence Bank on 1800 033 139 between 8am and 6pm (AEST) Mon-Fri.

Frequently asked questions

• Does Defence Bank offer a rewards credit card?

  As of now, Defence Bank does not offer any rewards credit card.

• What is the minimum repayment I have to make?

  The minimum monthly repayment you have to make depends on the outstanding balance, and as a result, can vary from one month to the next. This is calculated as 3% of the outstanding balance or $10 whichever is greater.

• How do I apply for a balance transfer?

  If you wish to transfer balances from existing credit cards to this card, you should initiate the process when you apply for the card. You'll have to submit all relevant details. Just how much you can transfer depends on your Defence Bank Foundation credit card limit.

• I have a Defence Bank True Blue credit card – is it still valid?

  Yes. While the Defence Bank True Blue is no longer available for new applications, existing cardholders can continue using it. Note that if you already have a True Blue credit card, you won't be eligible for the introductory offer on the Defence Bank Foundation credit card.

• Can I close my Defence Bank Foundation credit card account?

  Yes, you can cancel your credit card by calling Defence Bank on 1800 033 139 or by visiting a branch. Note that you will need to pay off the card's balance in full (or balance transfer it) before the account can be closed.