P&N Bank Platinum Visa Credit Card Review

Who else wants a platinum card that charges a low ongoing rate and offers a bunch of extras?

The P&N Bank Platinum Visa Credit Card is a platinum card with a difference, given that it charges a low ongoing rate. The low rate applies to purchases and cash advances, and you can also get up to 45 interest-free days on purchases. Cardholders get 24/7 access to a platinum concierge service as well as a comprehensive insurance package.

Product NameP&N Bank Visa Platinum Credit Card
Purchase rate (p.a.)11.49% p.a.
Annual fee$99 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 45 days on purchases
Cash advance rate (p.a.)19.99% p.a.
Min credit limit
This 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.
$6,000
Card TypeVisa
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$99 p.a.
Minimum Monthly Repayment3%
Late Payment Fee$5
Cash Advance Fee$5
Overseas Cash Advance Fee$5

P&N Bank Platinum VISA Credit Card review

Unlike most platinum credit cards, this card charges a low ongoing interest rate, which applies to both purchases and cash advances, and this can lead to noticeable savings in the long run if you don’t pay your account’s balance in full each month. Cardholders get a number of purchase and travel insurances for free, which they can turn to in different circumstances. Managing the card in the right manner brings with it up to 45 interest-free days on purchases.

Benefits of the P&N Bank Platinum VISA Credit Card

  • Low rate. While most platinum cards tend to charge high interest rates, this platinum card charges a competitive variable rate of 11.49% p.a. This rate applies to purchases as well as cash advances, and if you have balances rolling over from one month to the next, you can save on your interest repayments.
  • Complimentary insurance covers. When you make a purchase using this card it receives protection through complimentary purchase security insurance as well as extended warranty insurance. When you book travel tickets using this card, you receive complimentary interstate flight insurance, overseas travel insurance, and transport accident insurance.
  • Platinum concierge service. Platinum cardholders can access this 24/7 global service in different languages. It can help you in making travel plans, which include booking flight tickets and making hotel reservations. The service can help you locate restaurants and reserve tables, it can assist you in booking tickets for sporting events, concerts, and live shows and it can also help you with your business needs.

P&N Bank Platinum VISA Credit Card features

  • Annual fee. P&N Bank Platinum Visa cardholders have to pay an ongoing annual fee of $99.
  • Interest-free days. If you pay your card’s outstanding balance in full before every due date you can get as many as 45 interest-free days on purchases.
  • Complimentary insurances. Use this card to book travel tickets and get complimentary travel insurances. Purchases you make using this card also receive complimentary insurance covers.
  • Platinum concierge service. As a platinum cardholder, you can access a round-the-clock global concierge service for assistance with travel, business, dining, and entertainment.
  • Visa Premium. This service, provide by Visa, gives you access to a plethora of lifestyle, entertainment, and travel privileges.
  • Free card replacement. Emergency card replacement is free, globally.
  • Additional card. You can get an additional card linked to your P&N Platinum Visa card. Keep in mind you remain liable for all transactions made using the given card.
  • Credit limit. The minimum credit limit for this platinum card is $6,000. P&N Bank assigns a limit to your card after taking your existing financial situation into account.
  • Visa payWave. Your new P&N Bank Platinum Visa credit card is payWave-enabled, so you can make contactless payments for purchases under $100.
  • Verified by Visa. This online security program provides additional safety every time an online transaction makes use of your credit card’s details.

How to apply for the P&N Bank Platinum VISA Credit Card

You can apply in person, by visiting your nearest P&N Bank branch, you can speak to a P&N Bank lending specialist over the phone or you can apply online. Establish if you meet the following application criteria before you begin your application:

Eligibility criteria

  • You’re at least 18 years old.
  • You are an Australian citizen or permanent resident, and have a Western Australia mailing and residential address.

Required documents

You need access to different types of information to complete the application, and this is what you should have close at hand.

  • A primary photo ID like your passport or driver’s licence, or a primary ID without a photo like a birth certificate or citizenship certificate along with a secondary ID like a utility bill
  • Details of your income
  • Your current employer’s contact details
  • Details about your assets and liabilities
  • If you’re self-employed you’ll have to provide financial statements and tax assessments for the last two years.

This platinum credit card, with its low variable rate on purchases and cash advances, can be a good card to consider for your credit needs. As there are other cards that offer similar features, comparing a few before applying makes sense.

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Credit Cards Comparison

Rates last updated November 16th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Citi Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months (reverts to 20.99% p.a.)
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Virgin Australia Velocity Flyer Card - Exclusive Offer
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Save on credit card costs with half the annual fee for the first year and a 0% p.a. interest rate on purchases for 14 months.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
finder Exclusive:
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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