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The Bank Australia Platinum Rewards Visa rewards your spending with 0.75 Qantas Points per $1 you spend on eligible purchases. You can also travel safely and save with complimentary international travel insurance. When you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases.
18.24% p.a.
Purchase rate
0.75
Reward points
Per $ spent
$189 p.a.
Annual fee
55 days
Interest free period
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Product Name | Bank Australia Platinum Rewards Visa Credit Card |
---|---|
Rewards program | Qantas Frequent Flyer |
Purchase rate p.a. | 18.24% |
Annual fee | $189 |
Interest-free period | Up to 55 days on purchases |
Cash advance rate | 18.24% p.a. |
Min credit limit | $1,000 |
Card type | Visa |
Foreign currency conversion fee | 3% |
Available to temporary residents | No |
---|---|
Joint application | No |
Rewards program | Qantas Frequent Flyer |
---|---|
Bonus points | N/A |
Rewards points per $ spent | 0.75 |
Rewards points cap | 20,000 |
Annual fee | $189 |
---|---|
Minimum monthly repayment | 2.5% of the closing balance or $20, whichever is greater |
Late payment fee | $0 |
Foreign currency conversion fee | 3% |
Cash advance fee | $5 |
Overseas cash advance fee | $5 |
Overseas ATM withdrawal fee | $3.50 |
Additional cardholder fee | $59 |
Review by
Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.
July 14, 2017
Further to my query below, I have just noticed that you need to spend 50% of holiday cost to activate overseas travel insurance, which is significant for me. ANZ Black only requires a $200 spend.
July 15, 2017
Hi David,
Thanks for your question.
Black cards often have higher upfront and potential costs than regular options since these cards offer a range of exclusive features, which are often customised to suit the individual cardholder. The fees charged by different credit cards often commensurate the perks and prestige you get from them. Between Black and Platinum credit cards, there will be differences in their features and benefits. An example of which is the travel cost required to activate complimentary travel insurance, as you have pointed out.
Depending on how you use the card, all the features and benefits that come with it may justify the costs it attracts. You may check our platinum and gold credit cards and see which card suits you best.
I hope this helps.
Kind regards,
Liezl
July 14, 2017
I am currently paying 2 x $55 Rewards Programme Service Fee (for myself and my wife) on top of my annual fee for an ANZ Black Credit Card (which is at a reduced annual fee of $240). Is this standard practice? The Bank Australia Qantas Platinum Rewards Visa looks competitive and I am thinking of moving across. Any thoughts?
May 19, 2017
I have 2 questions.
1/ How many additional cards can I have attached to the primary card?
2/ Is the current offer of F/F points changing as of July 1 2017?
May 19, 2017
Hi Russell,
Thanks for your questions.
The number of additional cardholders that you can have for this account is unlimited. However, each additional card holder will have an additional fee of $59 per year.
There is no stated end date for the Qantas points offer but on the terms and conditions of this card, it says, it may be withdrawn at any time.
Cheers,
Anndy
March 2, 2017
Do I get any bonus points for signing up to this credit card?
March 2, 2017
Hi Kevin,
Thanks for your question.
Unfortunately, the Bank Australia Platinum Rewards Visa doesn’t come with bonus points.
If this interests you, please check the list of credit cards that offer bonus points featured on our website.
Cheers,
Anndy
November 23, 2016
Do we earn points with BPay and ATO payments?
November 23, 2016
Hi RD,
Thank you for your inquiry.
Unfortunately, BPay and ATO payments are considered as “ineligible transactions,” so you won’t be able to earn points when you use your Bank Australia Platinum Rewards Visa card for these form of payments.
Cheers,
May