Bank First Credit Cards

You will have to activate the card when it arrives before you are able to use that card. Activate the card using the mobile banking app, online banking, or by calling Bank First on 1300 654 822.

Compare Credit Cards

Yes, as well as providing internet banking on their website, Bank First also has a mobile banking app that is available in both the App Store and Google Play.

Using online or mobile banking, you can manage your Bank First credit card to activate or deactivate your card, view your transaction history, check interest, order replacement cards, and more.

When interest is charged

Interest is charged when you carry a balance on your Bank First credit card. Interest is charged on cash advances from the date of withdrawal and balance transfers from the date of transfer (fees and charges apply).

When interest is not charged

Up to 55 interest-free days apply to Bank First credit cards. Interest-free days apply 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.

Compare Balance Transfers

Your credit limit for a Bank First credit card will be determined based on the information you provide in your application, over the minimum credit limit that applies (see above).

You can apply to change your credit limit it at any time by contacting Bank First, and they may approve or reject this application at their discretion, based on their lending criteria. Find out more about how credit limits are determined here.

Compare Premium Credit Cards

You can close your Bank First credit card account at any time by phoning them on 1300 654 822 or by emailing memserv@victeach.com.au

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 plan on cancelling your card because of financial difficulty, then it is worth contacting Victoria Teachers’ financial hardship team on 03 9834 8530 to ask about 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

Bank First was founded in 1972 as Victoria Teachers Mutual Bank, initially offering financial products to members of the education sector in Victoria. These days, Bank First now has over 100,000 customers and is worth more than $2 billion.

As a customer-owned banking institution and a member of COBA (the Customer Owned Banking Association), Bank First is primarily interested in serving the needs of its members.

Bank First has a strong history of success with Canstar, having won a host of awards and 5-Star Ratings in the past. In 2017, in addition to the 5-star rated credit cards mentioned here, It also won numerous 5-star rated home loans.

Bank First cares about ethical investment and sustainable banking, and as a result it does not invest in fossil fuels, only invests in high liquidity assets, and adopts other measures.

Staying true to its roots, Bank First also holds a ‘celebrating teachers’ competition, which recognises 15 outstanding teachers from Victoria each year. It also announces the annual ResourceSmart School Awards, which recognise Teacher of the Year winners for both primary and secondary school.

Source: Bank First

Compare Credit Cards