In 2006, the Dairy Farmers Credit Union merged into MemberFirst Credit Union, which has long been actively involved in community support and activities in their goal to become a preferred financial institution for the local community as well as for non-profit organisations.
MemberFirst offers many products and services to fulfil personal, business, and community financial needs. Here is a run down of the credit cards offered at MemberFirst and the benefits associated with each.
About MemberFirst Credit Union Credit Cards
- Visa Debit – a great low rate of 15.20% p.a. but no interest free days; borrow up to $20,000 with the MemberFirst Visa Debit. You pay interest only on the funds you utilize, not on your credit limit.
- Silver Low Rate MasterCard – transfer balances to a low rate Silver MasterCard with a 2.90% introductory rate; a low 11.85% on purchases with a $45 annual card fee. You can borrow against limits ranging from $2000 to $7500; up to 4 additional cards offered free of charge.
- Gold Low Rate MasterCard – same benefits as the Silver but with a higher limit ($5000 to $25,000) and more free insurance. Balance transfers 2.90% intro rate with 11.85% on purchases and an $85 fee.
- Silver Rewards MasterCard – same benefits as the Silver with the benefit of rewards! Every $1 spent earns 1 reward point which can be redeemed on over 300 products and services, including cash back. What’s more, reward points do not expire, EVER! Balance transfer intro rate is 4.90% with a 17.99% on purchases. Annual fee is $45.
- Gold Rewards MasterCard – similar to the Gold Low Rate MasterCard but with more rewards. Every $1 spent earns 1 point and they never expire. Redeem on more than 300 offered products including cash back. This card partners with Virgin Blue and Singapore Airlines for rewards. Balance transfer rate 4.90% intro with a 17.99% purchase rate. Annual fee is $85.
- Gold Qantas Rewards MasterCard – points earned are auto-transferred to your Qantas Frequent Flyer account every month. Each $1 spent earns 1 point. Annual fee is $118, balance transfer intro is 4.90% and purchase rate is 17.99%. You only pay interest on the funds used, not on your limit.
Additional MemberFirst Credit Card Features
- 4 additional cards are included at no extra charge
- 55 interest free days
- free coverage on purchases
- interest charges are calculated daily and charged monthly
- both ATM and EFTPOS access is included
- automatic repayments are an optional feature (from salary or account)
MemberFirst offers the flexibility of both Visa and MasterCard so you have access to the spending power you need at more than 24,000 retail locations and 1000 ATMs. You also have the added convenience of using your card to shop from the convenience of your own home.
You select the card best suited to your lifestyle and credit needs. Your budget is much easier to manage with a credit or debit card because you can actually see a record of your daily transactions; that convenience simply isn’t possible if you use cash for your purchases.
Other MemberFirst Credit Union Services
Other MemberFirst services include:
- savings and term deposit accounts
- personal and auto loans
- mortgage home loans
- Visa debit with overdraft protection
- CTP greenslips
- financial planning and management assistance
- internet and phone banking
- BPAY and Redicard
- business consulting
