Bank First Visa Classic Credit Card

Save with 0% p.a. on purchases and balance transfers for 6 months and a $0 annual fee with the Bank First Visa Classic.

The Bank First Visa Classic credit card is designed to help you cut interest costs. You can repay an existing debt or make new purchases and pay no interest for the first 6 months. You’ll also save with $0 annual fee and low standard interest rates.

12.54% p.a.

Balance transfer rate

0% p.a.

Purchase rate

for the first 6 months (reverts to 12.54% p.a.)

$0 p.a.

Annual fee

55 days

Interest free period

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Product NameBank First Visa Classic Credit Card
Balance transfer rate12.54% p.a.
Purchase rate0% p.a. for 6 months, reverts to 12.54% p.a.
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate12.54% p.a.
Min credit limit$2,000
Max credit limit$10,000
Card typeVisa
Foreign currency conversion fee2.5%
Available to temporary residentsNo
Joint applicationNo


  • 0% on purchases for 6 months
  • $0 annual fee for the life of the card
  • Low variable interest rate of 12.54% p.a. on purchases, cash advances and balance transfers


  • This card does not offer a rewards program or any premium perks.
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment5% of the closing balance or $20, whichever is greater
Late payment fee$20
Foreign currency conversion fee2.5%
Cash advance fee2.5%
Overseas cash advance fee2.5%
Overseas ATM withdrawal fee$2.50
Additional cardholder fee$0

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 First Visa Classic credit card is one of the few cards that has an interest-free offer on both purchases and balance transfers. If you want to pay off an existing debt and make new purchases without paying any interest, this card could be right for you. It is also one of the few cards that features a 12.54% p.a. interest rate offer and charges no annual fee.

How to apply

You can apply for the Bank First Visa Classic credit card online, but you should check if you meet the eligibility criteria and have the necessary information before you start the application.

Eligibility criteria

  • Age. You must be at least 18 years of age to apply for a credit card in Australia.
  • Residency. You must be a current resident of Australia. You may also need to provide details of your citizenship or residency status to complete your application.

Card benefits

  • 0% p.a. interest for 6 months. Enjoy an introductory interest rate of 0% p.a. for 6 months on purchases and balance transfers when you apply by 31 March 2022 and make an eligible purchase by 30 April 2022. After this period, the variable interest rate of 12.54% p.a. will apply to any remaining balance.
  • No annual fee. The Bank First Visa Classic charges a $0 annual fee.

Rates & fees

  • Interest rate. Outside of any promotions, the Bank First Visa Classic Credit Card charges a variable interest rate of 12.54% p.a., which applies to standard purchases, cash advances and balance transfers.
  • Up to 55 days interest-free on purchases. If you pay your account in full by the due date on each statement, you can enjoy an interest-free period of up to 55 days for new purchases. Interest-free days do not apply for cash advances and balance transfers.

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    Default Gravatar
    January 27, 2015

    Hi there,

    Do you earn rewards points on this credit card?

      Avatarfinder Customer Care
      January 28, 2015

      Hi Denise,

      Thanks for your inquiry,

      Unfortunately, there is no rewards program compatible with the Victoria Teachers Visa Credit Card at the moment. You can check our rewards credit card page for a list of cards earning points as you spend and redeem them for travel, gift cards, shopping, and more with a rewards credit card.

      On the page, is a comparison table you can use to see which card suits you. You can use the table’s sort function to compare these cards based on bonus points, rewards points per $ spent, purchase rate, and annual fee. You can press the “More info” link to be redirected to our review page and learn more about the card’s key details, features, fees as well as the pros and cons of using the card. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps!



    Default Gravatar
    January 15, 2015

    what is $500.00 limit

    does it mean you can spend $500.00 at one purchase

      Avatarfinder Customer Care
      January 15, 2015

      Hi Lucy,

      Thanks for your question!

      The $500 amount is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.

      I hope this has helped!



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