Bank First Visa Platinum Credit Card

Last updated: Nov 6, 2020

Save with 0% interest on purchases and balance transfers for 6 months while enjoying extra features with the Bank First Visa Platinum credit card.

When you apply for the Bank First Visa Platinum credit card by 31 December 2020 and make an eligible purchase by 29 January 2021, you can save with 0% interest on purchases and balance transfers for the first 6 months. This rate reverts to 9.59% p.a. after that. Cardholders can also access platinum perks including complimentary travel insurance, a 24/7 concierge service and exclusive deals through Visa Offers and Perks.

0% p.a.

Balance transfer rate

for 6 months

0% p.a.

Purchase rate

for the first 6 months (reverts to 9.59% p.a.)

$99 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	Bank First Visa Platinum Credit Card
Balance transfer rate	0% p.a. for 6 months
Balance transfer revert rate	Balance Transfer Revert Rate (9.59%)
Purchase rate	0% p.a. for 6 months, reverts to 9.59% p.a.
Annual fee	$99
Interest-free period	55 days
Cash advance rate	19.59% p.a.
Min credit limit	$6,000
Card type	Visa

Available to temporary residents	No
Joint application	No

Pros

0% interest rates on purchases and balance transfers for the first 6 months when you apply by 31 December 2020 and make an eligible purchase by 29 January 2021
Get access to exclusive Visa Offers and Perks
Complimentary travel insurance and 24/7 platinum concierge services

Cons

No rewards program linked to this card

Annual fee	$99
Minimum monthly repayment	5% of the closing balance or $20, whichever is greater
Late payment fee	$20
Cash advance fee	$2.50
Overseas cash advance fee	$2.50
Overseas ATM withdrawal fee	$2.50
Additional cardholder fee	$0

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

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 Platinum credit card is one of the few cards that offers new cardholders an interest-free promotion on both purchases and balance transfers. There are some cards offering longer 0% purchase rate and balance transfer offers, so you should make sure you can pay off your balances in full before the revert rates apply.

This card charges 9.59% p.a. interest beyond the introductory period, which is low compared to other platinum cards. This means you could pay less interest if you do carry a balance from month to month after the first 6 months.

How to apply

You can apply for the Bank First Visa Platinum credit card online in around 10 minutes. You should check if you meet the eligibility criteria and that you have the necessary information to complete the application before you get started.

Eligibility criteria

Age. You must be at least 18 years old.
Residency. You must be a permanent Australian resident.

Credit history. You must have a good credit score and no history of defaults, bankruptcy or judgements.

Required documents

Personal information. This includes your full name, date of birth, email address and contact information and number of financial dependents. If you’re requesting an additional cardholder, you’ll need to include their personal details too.
Identification. You’ll be required to provide proof of identity such as a driver’s licence number.
Employment. Confirm your employment status and net income.
Finances. You'll need to indicate whether you receive any government benefits or pensions and list any assets, debts and liabilities.

Card benefits

0% p.a. on purchases and balance transfers. New cardholders who apply by 31 December 2020 and make an eligible purchase by 29 January 2021, can take advantage of 0% interest rates on purchases and balance transfers for the first 6 months. After the introductory period, this will revert to the variable interest rate of 9.59% p.a.
Platinum concierge service. You can contact your 24/7 personal platinum concierge service for all of your travel, entertainment and lifestyle requests. This could include anything from organising travel plans to booking last-minute concert tickets or reserving a table at a popular restaurant.

Overseas travel insurance. You can save on an essential holiday cost with complimentary international travel insurance. This includes cover for overseas medical expenses, emergency dental expenses, flight cancellations, travel delays, missed connections, mugging and accidental death. Terms, conditions and exclusions apply.
Visa perks. Your Visa card is accepted at millions of locations around the world. Cardholders can also enjoy exclusive discounts, pre-sale access to concerts and competitions through Visa Offers and Perks.
Mobile wallets. Whether you have an Android or Apple device, you can save time at the cash register and pay with the convenience of your smartphone with Google Pay or Apple Pay.

Rates & fees

Annual fee. This card charges a $99 annual fee.
Low variable interest rate. Outside of any promotions, purchases and balance transfers attract a 9.59% p.a. interest rate.

Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you’ll immediately attract the 19.59% p.a. interest rate.
Interest-free days. You can make use of up to 55 interest-free days on purchases if you pay the account’s closing balance in full each month. Interest-free days don’t apply to balance transfers or cash advances.
Additional cardholders. You can get an additional card for any nominated individual over 18 years of age.
Credit limit. The Bank First Visa Platinum credit card has a minimum credit limit of $6,000.

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2 Comments

Julie
January 13, 2019

I would like advice on a credit card that I may be able to apply for on a pension.

finder Customer Care

Joshua
January 14, 2019

Hi Julie,

Thanks for getting in touch with finder. I hope all is well with you. :)

To check your options, you may go to this page. On that page, you will be able to compare your credit cards for pensioners and learn how to apply. There’s a table there that lists some of your options as well as their corresponding details.

Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!

Cheers,
Joshua

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Bank First Visa Platinum Credit Card