Platinum Rewards Visa card image

Bank Australia Platinum Rewards Visa

Advertiser disclosure
Purchase rate
18.24% p.a.
Balance transfer rate
No current offer
Annual fees
$189
Interest free days on purchases
55

Mozo editorial review Bank Australia Platinum Rewards Visa - last updated: 17 August 2021

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What's hot
  • Earn 0.75 Qantas Points per $1 spent (capped)
  • Earn bonus points on select Qantas products and services
  • Complimentary travel insurance
What's not
  • $189 annual fee
Mozo snapshot

The Bank Australia Platinum Rewards Visa card could be a great option for frequent flyers always on the go. That's because the more eligible purchases you make with the card, the more Qantas Frequent Flyer points you’ll earn, plus you’ll enjoy plenty of other benefits including complimentary travel insurance.


Note: Bank Australia has temporarily closed applications for new Bank Australia customers. 
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Key features

The Platinum Rewards Visa card has a purchase rate of 18.24%, an annual fee of $189 and up to 55 interest-free days on purchases for cardholders who pay off their balances in full each month. 

Let's talk points though. Cardholders will be able to start boosting their points tally quickly with an earn rate of 0.75 Qantas Points for each dollar spent, although this is capped at 20,000 points each month. On top of that, the Platinum Rewards Visa card also allows customers to earn 1 additional Qantas Point for every $1 they spend on select Qantas products and services in Australia. 

Like the idea of taking your Bank Australia Platinum Rewards Visa card overseas? Eligible cardholders will be able to secure complimentary travel insurance, though when it comes to spending abroad just bear in mind that the card does come with a 3.00% foreign exchange margin. 

Speaking of spending, depending on their smartphone, cardholders will be able to leave their wallets at home and pay with their phones using either Apple Pay, Google Pay or Samsung Pay. 

Finally there are a few extra bits of information you might like to know about, including the fact that there's an additional $59 fee for adding another cardholder to your account as well as a $26 transaction verification fee and $5 cash advance fee. However, there are no penalties for late payments.

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Who is it good for

The Platinum Rewards Visa card from Bank Australia could be a great choice for Australians who like the idea of racking up points and being able to redeem them through the Qantas network.

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Any catches

While this is a great card for everyday spending, watch out for the 3.00% foreign exchange fee when you shop overseas or on an international website.

Rewards program details

Rates and fees information correct as at 19 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

What your points get you
Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

20,010 points

$100 Cash

-

Points earning

0.75 points per dollar on Visa, up to 20000 points per month

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Bonus points on selected Qantas products and services.

Value of rewards points

Spend $26,680 (Visa)

Spend $10,667 (Visa)

Spend $147,200 (Visa)

at 20,000 points monthly

Never

How do we calculate these points?

Rate and fee details

Rates

18.24% p.a.

none

No current offer

no

18.24% p.a.

55

Fees

$189.00

none

none

none

$0.00

$5.00

3.00%

$3.00

$26.00

$59.00

Features

$20.00

2.5

yes

none

Payment options

Apple Pay, Google Wallet, Samsung Pay

Rewards privileges

Travel Insurance

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Latest review of Bank Australia Platinum Rewards Visa Credit Card

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