In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Bank Australia Platinum Rewards Visa card

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Bank Australia Platinum Rewards Visa Credit Card
Terms and conditions apply
Purchase rate
18.24% p.a.
Reward points per $ spent
0.75
Annual fee
$189 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers Qantas Points per $1 spent, up to 55 interest-free days and complimentary travel insurances with the Bank Australia Platinum Rewards Visa.

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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.

Pros

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

Cons

  • Does not offer bonus points, compared to most frequent flyer cards
  • Qantas Points are capped at 20,000 per month
  • $59 additional cardholder fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

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.

Details

Product details

Product Name Bank Australia Platinum Rewards Visa Credit Card
Purchase rate p.a. 18.24%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 18.24%
Min credit limit $1,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Qantas Frequent Flyer
Bonus points N/A
Rewards points per $ spent 0.75
Rewards points cap 20,000

Fees

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

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 $89.50. This perk doesn't apply to additional cardholders.

Rates & fees

  • Annual fee. This card charges an annual fee of $189. This is waived if you get the card as part of a Premium Home Loan Package.
  • Additional cards. You can request an additional cardholder be added to your account for a fee of $59 per year.

Your reviews

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Sally Finder

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David R

January 17, 2024

Does the BA Platinum Rewards Card have a Qantas Fee charge for FF Points?


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Amy Bradney-George Finder

January 17, 2024

Hi David,

This card has an annual fee, but no specific fee to earn Qantas Points. The annual fee is waived if you get this card as part of the Premium Home Loan Package. Just remember to check the other fees and charges that may apply in different situations. I hope this helps.


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Dan

May 07, 2023

I know the card covers international travel. I have looked at the PDS and don’t see any mention of domestic travel, is domestic travel not covered?


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Amy Bradney-George Finder

May 08, 2023

Hi Dan,

I also checked the PDS and can confirm that this credit card doesn’t currently offer complimentary domestic travel insurance. If you have questions about its features, you can call Bank Australia on 132 888. You can also compare other credit cards with travel insurance and prices for domestic travel insurance policies on Finder. I hope that helps.


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David

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.


Avatar

Liezl

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


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David

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?


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Russell

May 18, 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?


Avatar

Anndy Lou Finder

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


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