BankVic Qantas Visa Credit Card

Last updated: Jan 28, 2020

Earn Qantas Points as you spend and save with complimentary overseas travel insurance with the BankVic Qantas Visa.

This Qantas Frequent Flyer credit card is available exclusively to members of The Police Association of Victoria (TPAV). You’ll receive complimentary Qantas Frequent Flyer membership if you don’t have an account and can earn 0.5 Qantas Points per $1 spent, uncapped.

You can also take advantage of an introductory interest rate of 6.99% for the first 6 months on both balance transfers and purchases. At the end of the introductory period, any remaining balances will attract the card’s standard purchase rate.

6.99% p.a.

Balance transfer rate

for 6 months

6.99% p.a.

Purchase rate

for the first 6 months (reverts to 16.95% p.a.)

0.5

Reward points

Per $ spent

$0 p.a.

Annual fee

Details

Product Name	BankVic Qantas Visa Credit Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate	6.99% p.a. for 6 months
Balance transfer revert rate	Purchase Rate (16.95% p.a.)
Balance transfer limit	95% of available limit
Purchase rate	6.99% for 6 months, reverts to 16.95% p.a.
Annual fee	$0
Interest-free period	55 days
Cash advance rate	16.95% p.a.
Min credit limit	$5,000
Card type	Visa
Foreign currency conversion fee	2%

Available to temporary residents	No
Joint application	No

Pros

$0 annual fee for life
6.99% interest rate for 6 months on purchases and balance transfers
Complimentary overseas travel insurance

Cons

The introductory rate offer on purchases and balance transfers is still higher than the 0% interest rate offered by most cards.
A transaction fee of 2% is charged for online or overseas purchases made in a foreign currency using this card.

Rewards program	Qantas Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	0.5

Annual fee	$0
Minimum monthly repayment	2.5% of the closing balance or $20, whichever is greater
Late payment fee	$9
Foreign currency conversion fee	2%
Cash advance fee	$4
Overseas cash advance fee	$1.80
Number of additional cardholders	1

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The BankVic Qantas Visa credit card is suited to TPAV members who want to reward their spending with Qantas Points. Although it doesn’t offer the most competitive earn rate, it is one of the few Qantas Frequent Flyer cards that charges $0 annual fee.

You can also reduce interest costs with the low promotional rates on balance transfers and purchases in the first 6 months. Some cards charge 0% interest for longer introductory periods though, so it’s worth comparing your options.

How to apply

You can apply for the BankVic Qantas Visa credit card online. Check if you meet the eligibility criteria and that you have the necessary details to complete the application.

Eligibility criteria

TPAV member. You're only eligible to apply for the BankVic Qantas Visa if you're a retired or current member of TPAV.
Age. You have to be at least 18 years old to get a credit card in Australia.

Residency. You must be an Australian resident or citizen.
Credit history. You won't be eligible to apply for this card if you have declared bankruptcy or insolvency in the past five years. You also can't have defaults on any loans, credit cards, interest-free finance or store cards in the last five years.

Required documents

Personal information. This includes your full name, contact information, residential address and proof of identification including an Australian driver's licence or passport details.
Employment. You'll need to confirm your current place of employment and annual income.
Finances. You'll be asked to list your assets (including savings, property, shares, superannuation and vehicles), liabilities (such as existing loans and credit card repayments) and monthly expenses.

Card benefits

Low rate on balance transfers and purchases. Take advantage of an introductory interest rate of 6.99% p.a. on purchases and on balance transfers when you request the transfer at the time of your application. At the end of the introductory period, the standard purchase rate will apply to any remaining balances. You should note that you won't earn Qantas Points on balance transfers.
No annual fee. The BankVic Qantas Visa card charges no annual fee.

Earn Qantas Points. This card offers 0.5 Qantas Points per $1 spent on eligible purchases, which covers most of your everyday shopping. You won't earn points on transactions including balance transfers, business spending and cash advances.
Complimentary Qantas Frequent Flyer membership. If you're not a Qantas Frequent Flyer member, this card gives you a way to save on the standard joining fee of $99.50 when you apply.
Complimentary overseas travel insurance. When you use the BankVic Qantas Visa card to pay for the full cost of a return trip, you can take advantage of complimentary overseas travel insurance. You can also get cover for your spouse and dependent children when they are travelling with you and meet the eligibility requirements. For full terms and conditions, refer to the complimentary overseas travel insurance booklet available on the BankVic website.
Mobile wallets. You can link your card with Google Pay and Apple Pay to use your smartphone or eligible device to make contactless payments.

Rates & fees

Purchase rate. Outside of any promotions, the BankVic Qantas Visa charges a standard purchase rate of 16.95% p.a.
Interest-free days. You can get up to 55 days interest-free on purchases. To take advantage of the interest-free period, you need to pay your account balance in full by the due date listed on your current statement and on your previous statement.

Cash advances. Cash advance transactions, such as ATM withdrawals, card attract a 16.95% p.a. interest rate. You'll also be charged a $4 per transaction.
International transaction fee. If you use your card to make a purchase online or overseas in a foreign currency, you'll be charged a 2% international transaction fee.

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BankVic Qantas Visa Credit Card