Defence Bank Credit Cards

Your Defence Bank credit card will need to be activated before you can use it to make purchases. Defence Bank’s terms and conditions state that they will activate the card for you. If you aren’t sure whether this has occurred for your card, you can call them on 1800 033 139 for more information.

Compare Credit Cards

Defence Bank has both online banking and mobile banking, which you can use to set up alerts, view your balance, view your transaction history, and more. You’ll need to register online for online or mobile banking with Defence Bank.

Compare Balance Transfers

When is interest charged?

Interest is charged on purchases when you carry a balance on your Defence Bank credit card. Interest is calculated daily by applying the daily percentage rate to the unpaid daily balance of the account, and is debited to the account on the last day of the statement period.

Interest is charged on cash advances from the date the transaction is made.

When is interest not charged?

Up to 55 interest-free days apply to Defence Bank’s credit card purchases if you have paid the balance in full for the previous month’s statement and for the current month’s statement. For more information about interest-free days, check out our article on how they work.

Your credit limit for a Defence Bank credit card will be determined based on the information you provide in your application, keeping in mind the minimum and maximum credit limit for the card (see above).

You can ask Defence Bank to increase or decrease your credit limit, and Defence Bank may approve or reject your request based on their lending criteria. Defence Bank reserves the right to reduce your credit limit at any time at their discretion.

Find out more about how credit limits are determined here.

You may close your credit card account with Defence Bank at any time by making a written request mailed to their postal address. You must cut the card in half and return it to them along with this request.

Your card balance will need to be repaid in full even after the card is closed. You will continue to receive monthly statements until your card balance is fully repaid.

If you’re cancelling your credit card because you’re struggling financially, contact the financial hardship team by calling 1800 033 139 to find out if there are any potential solutions.

If you’re cancelling your credit card because you aren’t happy with it, then consider checking out what else is on the market by clicking the button below to compare credit cards using the Canstar website:

Compare Credit Cards

Defence Bank started back in 1975 as the Defence Bank Credit Union, before changing its name to Defence Bank in 2012. Initially, Defence Bank only offered financial services to Defence personnel, but it is now open to the public.

Now with more than 90,000 members, $1.7 billion in assets, and almost 40 physical branches across the country, Defence Bank can claim to be one of Australia’s largest customer-owned banks.

Defence Bank is hard at work in the community, sponsoring major sporting events and community initiatives across the country. For example, it is the only commercial sponsor of the Salvation Army Red Shield Appeal, and it deploys trucks to distribute hot and cold drinks to soldiers on assignment.

Keep in touch with Defence Bank’s latest products and promotions on social media:

• Like Defence Bank on Facebook
• Follow Defence Bank on Twitter
• Follow Defence Bank on Instagram

Compare Credit Cards with Canstar