Bank Australia Platinum Rewards Visa Credit Card

The basics

• Additional cardholders. It's possible to add additional cardholders, but there is a $59 fee for doing so. Weigh up whether the benefit of earning points more are worth it before adding cards.
• Digital wallets. Compatible with Apple Pay, Google Pay, and Samsung Pay.
• Gambling transactions. Gambling transactions are not allowed on the Bank Australia Platinum Rewards Visa.

Rewards and benefits

• Complimentary travel insurance. This card comes with complimentary international travel insurance. The cover will be in force for trips paid for with the card.
• Concierge services. The Bank Australia Platinum Rewards Visa Credit Card does not come with access to a concierge service.
• Rewards points. Earn 0.75 Qantas points per $1 spent on eligible purchases. Note that balance transfers, cash advances, and fees do not earn Qantas points. Purchases of foreign currency and traveller’s cheque or payments to the ATO also will not earn points. The amount of points you can earn is capped at 20,000 points for each monthly statement cycle. Typical spenders will not be affected by this limitation.
• Sign-up bonus. Unfortunately, there is no bonus points for this card. Many other platinum-level cards offer a substantial welcome bonus for new customers.

Rates and fees

• Annual fee. This card's annual fee is $189, which is similar to other rewards cards on the market.
• Balance transfers. The Bank Australia Platinum Rewards Visa Credit Card has no introductory balance transfer offer. If you would like to make a balance transfer compare balance transfer offers on Finty before applying for this card.
• Cash advances. You'll pay 18.24% p.a. interest if you make a cash advance with the Bank Australia Platinum Rewards Visa Credit Card. This interest rate applies from the day of your cash advance. As well as interest, the cardholder will be charged a one off fee to process the cash advance.
• Foreign exchange fee. Foreign currency transactions made either overseas or online will attract a foreign transaction fee of 3% of the transaction amount.
• Interest-free period. If you have paid the statement balance in full by the due date, you will receive 55 days interest-free on purchases.
• Purchases. This card has no introductory offer on purchases. Any purchases that remain on the balance will be charged interest at 18.24% p.a., a rate similar to that of other rewards cards.