If you’re someone who uses your credit card every day and pays off the balance each month, it could be worth switching to a credit card with a rewards program.  

Rewards credit cards can offer a great range of benefits, including the ability to redeem cashback or points for the things you love like shopping, accommodation, or flights.

Here are three things to think about when considering a rewards credit card.

Credit card fees

With any financial commitment it’s important to fully understand the terms and conditions of the product. Before signing up, make sure you are aware of any fees associated with the credit card, such as late, overlimit, annual, cash advance, or balance transfer fees. Depending on your circumstance, you may find the fees outweigh the rewards you earn.


Being rewarded every time you swipe your card can be very enticing, however, read the fine print to make sure you are getting the most from your card. Some rewards are capped, have an expiry date, or have limitations to them. It’s also worth knowing if you can transfer rewards to extend them, send them to someone else, or donate them to a charity. Every reward program is different, so it pays to do your homework.  

Credit score

Using your rewards credit card responsibly can help to build your credit history and improve your credit score. The higher your score, the better, no matter which credit reporting agency is used. A good credit history can be helpful for securing future loans or for negotiating a lower interest rate on future products. Find out how to check your credit score for free.

BCU Bank’s credit cards provide a range of features to suit your needs. Our Rewards Credit Card offers you the chance to earn cash back on everyday spending.

Once you’re in an informed position to apply for credit, visit a BCU branch, apply online, or make an appointment with one of our lenders to discuss your needs.

Credit products issued by Police & Nurses Limited (BCU Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701.

Important information

Banking and Credit products issued by Police & Nurses Limited (BCU) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Any advice does not take into account your objectives, financial situation or needs. Read the relevant Product Terms and Condition, before acquiring this product in considering and deciding whether it is right for you. The Target Market Determination (TMD) for products is available on request. Lending criteria, terms & conditions, fees & charges apply.