Choose from an array of credit cards with features like membership to a frequent flyer program, no annual fees, or a low ongoing interest rate.
If you’re looking at the options Bank Australia provides through its credit card offerings, you get to choose between a card that offers rewards, a card that does not charge any annual fees, and a card that attracts a low ongoing interest rate on purchases.
Comparison of Bank Australia Credit Cards
Types of credit cards from Bank Australia
Bank Australia, as mentioned, provides credit cards to suit different needs, some of the options you can expect include:
Low rate credit card
Such cards charge low interest on purchases, but might not offer too much in the form of features. The Bank Australia low rate credit card falls in this category, charging a purchase rate of 9.39% p.a. This card attracts a nominal annual fee, and gives you access to funds around the world.
No annual fee credit card
These cards, as the name implies, don’t charge any annual fees.The VISA Credit Card offered by Bank Australia does not attract any ongoing annual fees, and it charges a purchase rate 12.39% p.a. If you use this card in the right manner, you can make use of up to 55 interest-free days on purchases.
Platinum credit card with frequent flyers
Typical platinum cards give cardholders the ability to earn rewards as per their spending, and might come with other added features as well. The Bank Australia Platinum Rewards Visa Credit Card brings with it free membership to the Qantas Frequent Flyer program, giving you a host of ways to redeem your reward points. This card attracts an annual fee, and offers up to 55 interest-free days on purchases. Cardholders get access to a 24/7 concierge service and complimentary overseas travel insurance.
What are the benefits of banking with Bank Australia?
Banking with Bank Australia comes with a number of benefits, and here’s what you can look forward to as a Bank Australia member:
Bank Australia members get to save considerably when compared to customers of the big four banks, and it relies on an external organisation to do the math. In 2013, total customer benefit in the form of better interest rates and fees stood at $25 million, and it changed to $22.7 million in 2014.
Round-the-clock customer service
Bank Australia members who reside in New South Wales, Victoria, Queensland, South Australia, and ACT can get in touch with a Bank Australia representative over the phone at any time of the day or night.
In keeping up with changing times, Bank Australia gives you the ability to access your account information over the internet, through its online and mobile banking platforms. You can turn online to change personal details, view transaction history, and make payments.
When you bank with Bank Australia, you know that you’re part of an initiative aimed at giving back to society. Bank Australia’s community investment spend stood at $1 million and $0.9 million in 2013 and 2014, respectively.
Balance transfer offers
Bank Australia regularly offer balance transfer promotions on their credit cards. For more information, here is a step-by-step guide to balance transfers with Bank Australia
How to apply for a Bank Australia credit card
You can apply for a Bank Australia credit card by visiting any Bank Australia service centre, and you can also apply online.
If you wish to apply online, ensure first that you meet the following eligibility criteria:
- You are over 18 years of age
- You are an Australian citizen or a permanent resident of Australia
- You have good credit rating
To complete the application, prepare to provide the following information:
- Employment details and details of income from all sources
- Details of assets like property, vehicles, investments, and savings
- Details of liabilities like loans, credit cards, overdrafts, and lines of credit
- Details from your Australian driver’s license, passport, or Medicare card
Bank Australia offers a variety of competitive credit cards, but many of the features it offers can be found in other cards. Make sure to compare your options before applying to ensure that you select the right card for you.
Frequently asked questions
You can find frequently asked questions about Bank Australia credit cards below. Contact us using the form at the bottom of the page if you still have a question about Bank Australia credit cards.
What happens after I apply for a Bank Australia credit card?
How can I access my account online?
What happens after I apply for a Bank Australia credit card?
If you complete a quick application, a Bank Australia representative will be in touch to complete your application.
If you completed a full online application, check your email inbox for a message from Bank Australia about your application. You may need to verify your identity before the application can be fully processed. If this is the case, Bank Australia will provide you with instructions on what to do next.
If you haven’t been given a response about your credit card application, call Bank Australia on 132 888, 8am – 8pm Monday to Friday.
How is a customer-owned bank different from a normal bank?
Most people think of shareholders when they think of bank owners. Institutions like Bank Australia are owned by their customers. When the bank or credit society makes money the customers benefit from better deals. Bank Australia has actually put a dollar figure on the value it gives its customers. Have a look at their Customer Value Statement for the latest figures.
How do I access my account online?
Download and complete an Internet Banking Application Form from the Bank Australia website to view and manage your credit card online. Send the form to Bank Australia by email, fax or in person at a branch. You can also register for internet banking by calling Bank Australia on 132 888.
How does the interest-free days feature work?
The ‘up to’ interest-free days feature allows you to make interest-free purchases on your credit card. You need to pay back what you spend at the end of the month to keep getting interest-free days. Although the statement period may finish before the number of interest-free days expire, it can get complicated keeping track of all your purchases. An easy rule of thumb is to clear your balance when you statement comes to keep getting interest-free days on purchases.
What do I do if I lose my card or it’s stolen?
Lost or stolen credit cards should be reported to Bank Australia immediately. Contact Bank Australia on 132 888 or +61 3 9854 4666 if you’re overseas.
Am I protected from credit card fraud?
Both Visa and MasterCard credit cards are protected from fraudulent use. They have no liability guarantees that protect you when you’re shopping online or over the counter, including contactless payments.