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 of Sydney Platinum Mastercard Credit Card

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Bank of Sydney Platinum Mastercard - DISCONTINUED
Terms and conditions apply
Balance transfer rate for 6 months with no balance transfer fee
0% p.a.
Purchase rate for the first 6 months (reverts to 18.49%)
6.99% p.a.
Annual fee
$129 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

No longer offered

The Bank of Sydney Platinum Mastercard is no longer available for new applications. We’ve kept this information online for existing customers and for those who are interested. You can also compare a range of current platinum credit cards on Finder.

Pros

  • Introductory 6.99% p.a. purchase rate for 6 months
  • Competitive cashback rate of $8 per $1,000 of eligible spending
  • Complimentary insurances

Cons

  • Only available to new or existing customers
  • 3% foreign transaction 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 of Sydney Platinum Mastercard is a cashback rewards card that offers $8 back for every $1,000 of eligible spending, which is equivalent to a 0.8% cashback rate. It also offers a 6.99% p.a. interest rate on purchases for the first 6 months, which goes to 18.49% p.a. after that. Its $129 annual fee is competitive with other cashback and platinum cards but unlike most credit cards on the market, it’s only available to new or existing Bank of Sydney home loan customers.

Details

Product details

Product Name Bank of Sydney Platinum Mastercard - DISCONTINUED
Balance transfer rate p.a. 0% for 6 months, then 18.49%
Balance transfer limit 95% of available limit
Purchase rate p.a.
Purchase rate p.a.
6.99% for 6 months, then 18.49%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 19.49%
Min credit limit $6,000
Card type Mastercard

Eligibility

Joint application Yes

Rewards

Bonus points N/A

Fees

Annual fee
Annual fee
$129
Minimum monthly repayment 3% of the closing balance or $10, whichever is greater
Late payment fee $10
Foreign currency conversion fee
Foreign currency conversion fee
3%
Cash advance fee 3% or $3, whichever is greater
Additional cardholder fee $0

How to apply

If you're a new or existing home loan customer, you can apply for a Bank of Sydney Platinum Mastercard by filling in an enquiry form online. Alternatively, you could visit a branch or call 13 95 00.

If you're eligible, you'll need to provide some key documents and details as part of the application, including:

  • Bank of Sydney home loan details
  • Personal details and ID
  • Financial details

Card benefits

  • Cashback rewards. This card offers an equivalent cashback rate of 0.8%, which is earned as $8 per $1,000 of eligible spending.
  • Introductory 6.99% p.a. purchase rate. Purchases made with this card in the first 6 months will attract a relatively low introductory rate of 6.99% p.a. After the introductory period, an 18.49% p.a. interest rate applies to purchases.

Rates & fees

  • Annual fee. This card has a $129 annual fee.
  • Purchase rate. Outside of any promotions, there is a 18.49% p.a. interest rate for purchases.

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Amy Finder

Editor

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