You might get charged different rates of interest on your credit card. This could include the purchase rate, the cash advance rate or a balance transfer rate. If and how you get charged interest will vary depending on the types of transactions that have been made. Beyond Bank currently has different interest rates for purchases, cash advances and balance transfers. Any interest that is payable will be calculated daily and charged at the end of each month.
Beyond Bank’s credit card also has up to 62 days interest free on purchases. If you meet the requirements and have made no other ineligible transaction types, you may not be charged any interest at all.
Card purchases made with our Low Rate Credit Card do not attract any transaction fees. However, if you make a cash advance transaction (such as an ATM withdrawal) you will incur a $4.00 Cash Advance fee.
Other transaction fees that apply to credit cards are Bank@Post transaction using your credit card or if you use your credit card overseas. The Bank@Post fee is $4.50 for a withdrawal and $2.00 for a Bank@Post deposit, and the overseas transaction fee is calculated as 3% of the transaction amount, so for every $100.00 you spend on an overseas transaction, $3.00 will be added to the transaction amount.
A fee can also be incurred if a transaction that you attempt using your credit card is declined due to insufficient funds ($0.40).
Besides the above, there are also fees applicable if you fail to meet the contract minimum repayments. For a full explanation of all of the fees charged by Beyond Bank, please see our Fees and Charges guide.