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Bank Australia Platinum Rewards Visa card

Earn Qantas Points as you spend, save with complimentary travel insurances and enjoy up to 55 interest-free days with the Bank Australia Platinum Rewards Visa.

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.

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18.24% p.a.

Purchase rate


Reward points

Per $ spent

$189 p.a.

Annual fee

55 days

Interest free period

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Product NameBank Australia Platinum Rewards Visa Credit Card
Rewards programQantas Frequent Flyer
Purchase rate p.a.18.24%
Annual fee$189
Interest-free periodUp to 55 days on purchases
Cash advance rate18.24% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • Up to 1.75 Qantas Points per $1 spent
  • Comes with complimentary overseas travel insurance and access to Visa Platinum entertainment offers
  • Compatibility with Apple Pay, Google Pay and Samsung Pay


  • Does not offer any sign-up bonus points, compared to other frequent flyer cards that reward more Qantas Points
Rewards programQantas Frequent Flyer
Bonus pointsN/A
Rewards points per $ spent0.75
Rewards points cap20,000
Annual fee$189
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Late payment fee$0
Foreign currency conversion fee3%
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.

Expert review

The Bank Australia Platinum Rewards Visa card offers a modest earn rate that can help you build your frequent flyer points balance. There are some frequent flyer cards that reward more Qantas Points per $1, though. If you want to earn more Qantas Points, you could also compare frequent flyer cards that reward new customers with thousands of bonus frequent flyer points on sign up.

How to apply

You can apply for the Bank Australia Platinum Rewards Visa credit card online, but you should check if you meet the eligibility criteria and have the necessary information to complete the application before you get started.

Eligibility criteria

  • Income. You must receive a regular income.
  • Residency. This card is available to Australian citizens or permanent residents.

Card benefits

  • Earn Qantas Points. You'll earn 0.75 Qantas Points for every $1 spent on eligible purchases with your card. When you use your card for selected Qantas services and products, you'll earn an additional 1 point per $1 spent. Qantas Points are capped at 20,000 per month.
  • Complimentary Qantas Frequent Flyer membership. If you aren't already a member of the Qantas Frequent Flyer program, you can enjoy complimentary membership with Bank Australia and save $99.50. This perk doesn't apply to additional cardholders.

Rates & fees

  • Annual fee. This card charges an annual fee of $189.
  • Additional cards. You can request an additional cardholder be added to your account for a fee of $59 per year.

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  1. Default Gravatar
    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.

    • Default Gravatar
      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,

  2. Default Gravatar
    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?

  3. Default Gravatar
    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?

    • Avatarfinder Customer Care
      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.


  4. Default Gravatar
    March 2, 2017

    Do I get any bonus points for signing up to this credit card?

    • Avatarfinder Customer Care
      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.


  5. Default Gravatar
    November 23, 2016

    Do we earn points with BPay and ATO payments?

    • Avatarfinder Customer Care
      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.


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