Bank of Sydney Platinum Credit Card

The basics

• Additional cardholders. Get one additional cardholder for free.
• Digital wallets. Bank of Sydney Platinum Visa credit cards can be used with Apple pay, Google Pay and Samsung Pay.
• Gambling transactions. Bank of Sydney has blocked all gambling transactions on all payment cards.

Rewards and benefits

• Rewards points. Cashback earned on the Bank of Sydney Cashback Rewards gets added to your linked Bank of Sydney savings account. You can earn $8 for every $1,000 you spend on eligible purchases.
• Complimentary travel insurance. The Bank of Sydney Platinum Credit Card comes with complimentary international travel insurance up to the value of $20,000. The cover is valid for the duration of the trip, subject to the terms and conditions of the relevant insurance policy. Eligibility criteria apply.
• Other insurances include Transport Accident Insurance, Purchase Protect Insurance and Extended Warranty Insurance.
• Concierge services. The Bank of Sydney Platinum Credit Card does not come with access to a concierge service.
• Sign up bonus. There is no sign up bonus for this card.

Rates and fees

• Annual fee. The annual fee for the Bank of Sydney Platinum credit card is $129 p.a.
• Balance transfers. There is no introductory balance transfer on this card at the moment.
• Cash advances. The 19.49% p.a. cash advance rate applies immediately on cash advances taken with the Bank of Sydney Platinum credit card. You will be charged a cash advance fee, which amounts to 3% of the cash advance taken or $3, whichever is greater.
• Foreign exchange fee. Any purchases made in a foreign currency while overseas or online at an overseas store will incur a 3% foreign transaction fee.
• Interest-free period. Up to 55 days interest-free on purchases if you have paid your previous balance in full or have made the minimum required payments.
• Purchases. Bank of Sydney Platinum Master Card comes with a special introductory purchase rate of 6.99% p.a. and a 0% p.a. balance transfer rate for the first 6 months. The standard purchase rate of 18.49% p.a., though not exactly low, is lower than most other platinum rewards cards.