Hunter United Visa Credit Card
The Hunter United Visa offers card users 55 interest free days on purchases. It also offers micro-chip technology so card holders don’t have to worry about card security and fraudulent or unauthorised use.
The Hunter United Visa has a low annual fee of $48, a low interest rate, and easy balance transfers. Another attractive feature of this card is that you can easily apply online. Hunter United home loan borrowers enjoy a purchase rate of 11.49% p.a. and a cash advance rate of 16.49% p.a.
Even if you are not a home loan customer with Hunter, you can still enjoy the low rate of 11.99% on purchases and 16.99% on cash advances. What’s more this Visa has a 5-Star Canstar Cannex Rating.
About Hunter United
Hunter United began in 1963 as the Newcastle Employees’ Credit Union, which has grown through the years to become a financial institution focused on serving the Hunter Valley community. Hunter is the largest credit union that is locally based with more than $229 million in bank assets.
The bank has several regional branches including locations in the following areas:
- Broadmeadow
- Jesmond
- Charleston
- Glendale
- Thornton
- Greenhills
Other services offered by Hunter United include loans, investments, savings, insurance, business banking, loan calculators, legal advisory service, finance success tips, superannuation and retirement funds, and even a free car brokerage service. Hunter also offers a way for you to keep up with the rates and fees associated with your accounts, including savings, investment, and loan accounts.
How to Take Advantage of Hunter United Services and Products
Because Hunter United is a credit union, you need to first become a member. You can do this online or by calling into one of their branches. If you wish to apply for the Visa Credit Card that is accepted at 24 million outlets throughout the world, you can simply go to the Hunter website and click to apply.
You then supply some details such as your age, whether you are or are not an Australian citizen, if it is a single or joint application, the credit limit desired, and any balances you wish to transfer from non-Hunter accounts to take advantage of the balance transfer feature.
To become a member of the Hunter United credit union, you must complete the application form and also subscribe to a redeemable preference share. What this means is when you cease to be a member of the credit union, you will be refunded the share subscription price. A member share is not transferable to another individual.
Investment Services at Hunter United Credit Union
Here are two options for investment services you might want to consider at Hunter in addition to the great terms of their Visa Credit Card:
- Fixed Term Deposits – a great way to earn a return on money you do not need on a daily basis. Terms for these deposits are flexible ranging from 3 to 24 month terms to fit in with your budget requirements. Higher interest can be earned on deposits over $2000 and the interest rate is fixed for the entire duration of the term, so you know going in what you’ll earn. The minimum deposit is $2000, monthly payments are available, and interest income is calculated daily, paid out either monthly, quarterly or upon maturity of the deposit.
- Professional Investor Account – for serious investors, the variable rate on this product is linked to the 90 day bank bill exchange rate. Watch your investment grow while interest is paid out at the quarterly revised rate over the 12-month investment term. Minimum deposit is $200,000, maximum is $500,000. Interest is calculated daily and paid quarterly. Additional deposits may be made in $10,000 multiples as long as the maximum $500,000 cap is not exceeded.
Hunter United Credit Quality
The liquid investments of Hunter United are all held in Australian bank and other ADI (Authorised Deposit Taking Institutions) with overall supervision by the APRA. Hunter not only meets but exceeds the standards set by the APRA for credit unions and building societies.
