The Bank First Visa Platinum is a fantastic low-cost, high value credit card and 2019 Mozo Experts Choice Award recipient for best Low Rate Platinum Credit Card. The 9.84% purchase rate is one of the lowest around, plus if you are a new Bank First customer you could receive 0% for the first 6 months. There is also a low $99 annual fee and it comes with international travel benefits like free travel insurance and concierge, just bear in mind the 2.50% foreign exchange charge.
Bank First's Visa Platinum credit card is almost the definition of value for money. For an annual fee of just $99, customers get a low 9.84% interest rate. And in addition, new customers could benefit from 0% interest for the first 6 months of owning the card. To be eligible for the offer you need to apply before 31 December 2020 and be approved by 29 January 2021.
For jetsetting customers, the Visa Platinum has added benefits. Customers have access to the 24/7 Visa concierge service, complimentary travel insurance, and they can use the card at over 24 million locations worldwide. Even better, cardholders automatically become members of the Visa Entertainment program, which offers exclusive discounts on theatre, music and movie tickets. Just remember, if you do use the card overseas, you'll incur a 2.50% foreign exchange margin.
The only obvious downside to the Bank First's Visa Platinum credit card is the 5% minimum repayment amount, which is higher than the market average. This isn't a card you want to rack up a massive debt on.
The Bank First Visa Platinum credit card is great for anyone who is looking for a high value, low interest credit card. And for customers that are all about interest-free days on purchases, this card comes with up to 55 days.
Be sure you automate your payments as there is a $20 late payment fee.
9.59% p.a.
0% p.a. for 6 months
0% p.a. for 6 months and then 9.59% p.a.
none
19.59% p.a.
55
$99.00
none
none
none
$20.00
$2.50
0%
$2.00
none
$0.00
$20.00
5.0
yes
none
Apple Pay, Google Pay
Concierge,
Travel Insurance
Complimentary overseas travel insurance, Visa Platinum 24/7 Concierge, exclusive Visa Platinum Entertainment offers.
Good customer service, good all round card and easy access. One improvement would be a rewards program.
Read full reviewGood customer service, good all round card and easy access. One improvement would be a rewards program.
Formerly Victoria Teachers Mutual Bank, Bank First is an award winning financial institution with a competitive range of banking products including personal loans, home loans, term deposits and savings accounts. Founded by Australian educators in 1972, Bank First offers all Australians outstanding value but doesn't compromise on service or quality. Best of all, Bank First customers become equal shareholders which means all the benefits are directly returned to you.
Promoted
Bank First
Visa Classic Credit Card
0% p.a. for 6 months then 12.54% p.a.
0% p.a. for 6 months and then 12.54% p.a.
$0
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
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CUA
Platinum Credit Card
19.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$149 $0 in the first year
Life Rich Rewards
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Qantas Money
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months and then 21.99% p.a.
$299 $199 in the first year
Qantas Frequent Flyer
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American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
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Bankwest
Breeze Mastercard
0% p.a. for 15 months then 12.99% p.a.
2.99% p.a. for 9 months and then 12.99% p.a. (0% balance transfer fee)
$79
Promoted
American Express
Qantas Discovery Card
20.74% p.a.
No current offer
$0
Qantas Frequent Flyer
Promoted
Bankwest
Zero Mastercard
17.99% p.a.
2.99% p.a. for 9 months and then 17.99% p.a.
$0
Promoted
CUA
Platinum Credit Card
Life Rich Rewards
$149 $0 in the first year
No current offer
1 point up to 100,000 points/year
Promoted
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
80,000
1.25 points uncapped
Promoted
Qantas Money
Qantas Premier Platinum
Qantas Frequent Flyer
$299 $199 in the first year
80,000
1 point up to $10,000/month, then
0.5 points uncapped
Promoted
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
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NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Promoted
Citi
Rewards Credit Card
Citi Rewards Program
$199 $0 in the first year
No current offer
1 point up to $10,000/month
Promoted
David Jones
American Express Card
Membership Rewards
$99
15,000
1 point uncapped
Promoted
CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
Promoted
Westpac
Low Rate
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Promoted
Bankwest
Breeze Mastercard
2.99% p.a. for 9 months and then 12.99% p.a. (0% balance transfer fee)
0% p.a. for 15 months then 12.99% p.a.
$79
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St.George
No Annual Fee
0% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
20.74% p.a.
$0
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
19.99% p.a.
$299 $199 in the first year
Qantas Frequent Flyer
Promoted
St.George
Vertigo
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
0% p.a. for 7 months then 13.99% p.a.
$55 $0 in the first year
Promoted
Bankwest
Zero Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
Promoted
Bank of Melbourne
Vertigo
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
0% p.a. for 7 months then 13.99% p.a.
$55 $0 in the first year
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
Promoted
Westpac
Low Rate
13.74% p.a.
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 12.99% p.a.
2.99% p.a. for 9 months and then 12.99% p.a. (0% balance transfer fee)
$79
Promoted
St.George
Vertigo Platinum
0% p.a. for 15 months then 12.99% p.a.
No current offer
$99 $49 in the first year
Promoted
St.George
Vertigo
0% p.a. for 7 months then 13.99% p.a.
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
Promoted
Bank of Melbourne
Vertigo
0% p.a. for 7 months then 13.99% p.a.
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
Promoted
NAB
Low Rate Card
0% p.a. for 6 months then 12.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$59