BankVic Visa Gold

6.99% p.a. for 6 months then 16.95% p.a.

6.99% p.a. for 6 months and then 16.95% p.a.


Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Cash back will be automatically credited to the Visa Gold credit card on 1 December each year


  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Value of rewards points

  • Need to spend $25,000 (Visa)

  • at $5,000 monthly

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, up to $5,000 per month

  • 25000 points buys a $100 credit

* How did we do it? Find out...


  • 16.95% p.a.

  • 6.99% p.a. for 6 months

  • 6.99% p.a. for 6 months and then 16.95% p.a.

  • no

  • 16.95% p.a.

  • 55


  • $50.00

  • none

  • none

  • none

  • $15.00

  • $1.80

  • 3.65%

  • $2.00

  • $25.00

  • $0.00

Other financial bits

  • $20.00

  • 2.5


  • 1

  • none

  • none

About BankVic

BankVic, formerly the Police Credit Union VIC, is a mutual bank wholly owned by its members. BankVic offers financial services for people working in police, health, emergency and public services along with their family and friends. Personal banking products available at BankVic include credit cards, home loans, insurance and financial advice.

How are BankVic credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust

Based on 12
BankVic credit cards reviews

6.8 7.2 7.7 7.2 8.2

Read BankVic credit card reviews by the Mozo community

Latest reviews of BankVic Visa Gold


BankVic Visa Gold credit card review

Overall rating   6 / 10

Great personal service and understanding

I was charged interest because I short paid the balance by 3 dollars. One phone call and the charges were reversed with no problems.

Full review

I was charged interest because I short paid the balance by 3 dollars. One phone call and the charges were reversed with no problems.

    Price   4 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   8 / 10

    Trust   8 / 10


Rod (NSW), reviewed about 3 years ago


BankVic Visa Gold credit card review

Overall rating   10 / 10


Great staff, great bank. No fees at all.

Full review

Great staff, great bank. No fees at all.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10


Sandy (VIC), reviewed about 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Compare other credit cards