Bank First Visa Platinum Credit Card
3.4
Highlights
- An attractive interest rate of 11.49% per annum on purchases and balance transfers.
- Includes complimentary travel insurance and concierge service.
- Benefit from up to 55 days interest-free on purchases.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
No
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$6,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
5%
Balance transfers
Balance transfer offer
Balance Transfer Rate
11.49%
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
19.59% p.a.
Cash Advance Fee
$2.50
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
11.49% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$99.00
Dishonour Fee
$17.50
Duplicate Statement Fee
$5.00
Foreign Exchange Fee Percentage
0%
Late Payment Fee
$20.00
Rewards
Rewards program basics
Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
Yes
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Affordable interest rates: The Bank First Visa Platinum Credit Card comes with a very affordable purchase, and balance transfer at 11.49% p.a.
- Annual fee: $99 and no other ongoing fees.
- Credit limits: Minimum $6,000
- Additional cardholders. You can request up to 4 additional cardholders at no extra cost. You will be liable for their entire spending if you do add additional cardholders.
- Digital wallets. Bankfirst supports Apple Pay and Google Pay.
- Gambling transactions. Gambling transactions are not permitted with this card.
Rewards and benefits
- Exclusive Visa Platinum Entertainment offers. The Bank First Visa Platinum Credit Card unlocks a range of discounts including airport lounges, car rentals, and hotels.
- Concierge services. Bankfirst Visa Platinum Credit Card holders get 24/7 access to a concierge service that can help with travel planning, gift delivery, restaurant reservations, etc.
- Complimentary travel insurance. This card has complimentary international travel insurance. Eligible trips are described on the bank’s website.
- Use it anywhere: The Visa Platinum Credit Card can be used from almost any place in Australia and more than 24 million merchants worldwide where the Visa logo is displayed. Use it over the phone or the internet, including with BPAY or BPAY View to pay bills online.
- Rewards points. This credit card does not have a rewards program.
- Sign-up bonus. No signup offer is available for this card at this time.
Rates and fees
- Annual fee. The Bank First Visa Platinum Credit Card has an ongoing annual fee of $99 p.a.
- Purchases. Purchases on this card will be charged 11.49% p.a. This is one of the lowest purchase rates you will find out there.
- Balance transfers. The balance transfer rate for the BankFirst Visa Platinum Card is 11.49% p.a. You can use up to 100% of your credit limit for balance transfers. Personal loans are not considered.
- Cash advances. Borrowing with this card attracts a cash advance rate of 19.59% p.a. The cash advance fee is 2.5% of the cash advance amount.
- Foreign exchange fee. 0% foreign transaction fee applies to purchases made while you’re overseas or with an online store overseas.
- Interest-free period. Get up to 55 days interest-free on purchases when you pay off your previous balance in full or make the minimum required payments.
- Late payment fee. $20.
- Minimum monthly repayment: 5% or $20.
Reviewed by Credit Card Compare Staff
History
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Reliability without hidden excessive fees
Reviewed by Maria Beasy
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