BankSA Platinum Card – Details and Application
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A competitively priced platinum credit card with complimentary insurance and a personal concierge service.
Enjoy a credit card with premium extra features, an annual fee of $0 p.a. annual fee for the first year ($89 p.a. thereafter) as well as a range of complimentary travel and purchase insurance covers supplied by Zurich Australia. You can also have up to three additional cardholders at no extra cost.
BankSA Platinum Credit Card Product Overview
- Up to 55 interest free days on purchases*
- Domestic flight inconvenience insurance
- Insurance cover including: transit accident, purchase cover and extended warranty.
- Up to 3 additional cards for your friends or family, with all transactions on one statement
- Linked access to your other BankSA accounts for the ease of one card banking
- Exclusive Platinum card programs offered by Visa and MasterCard
- Instant discounts and added extras with BankSA Instant Benefits
| Product Name | BankSA Platinum Card | |
|---|---|---|
| Balance Transfer Rate | 3.99% p.a. for 6 months | |
| Interest Rate on Purchases | 15.99% p.a. | |
| Annual Fee | $0 p.a. annual fee for the first year ($89 p.a. thereafter) | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.49% p.a. | |
| Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|
$6,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | Visa | |
| Late Payment Fee | $9 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | Yes |
BankSA Platinum Credit Card Benefits and Considerations:
Enjoy these benefits
- Competitive interest rate. Enjoy 15.99% p.a. on purchases with up to 55 days interest free, and 21.49% p.a. on cash advances. If you transfer your balance from a non-BankSA credit card you may request 3.99% p.a. for up to 6 months on balance transfers.
- Peace of mind. This card covers overseas travel insurance for trips up to 3 months for the cardholder and the family. This could include medical expenses, unexpected flight cancellations and excess for rental vehicles. You are also eligible for domestic flight inconvenience which covers delays and loss or damage to your personal items as well as transit accident insurance in the case of accidental death or injury when travelling.
- Safe and convenient shopping. Complimentary insurance will provide up to 3 months of cover against theft, loss or damage on eligible new purchases and extended warranty insurance that gives you an additional 12 months warranty. You can also claim the difference between two identical products within 21 days from purchase with price guarantee cover. This card also allows you to use PayWave technology with some merchants for purchases of under $100, allowing you to make a quick and easy purchase without a signature or PIN.
- Service and security. Cardholders can call Visa Platinum Concierge if they need something taken care of. 24/7 Falcon Fraud protection can also help you monitor purchase transactions while Verified by Visa will protects your online transactions.
Know the Fees
- $0 p.a. annual fee for the first year ($89 p.a. thereafter). This is a yearly payment and is used to maintain the account.
- International Visa transaction fee. This will be 3% of the amount of each foreign currency transaction (including ATM transactions) by using a Visa or Mastercard issued on your credit card account.
- Cash advance fee. $2.50 minimum or 2% of the cash amount that you withdraw or advance will be charged. This includes all transfers and includes phone and Internet banking.
- Late payment fee $9. This fee will be charged if you are late or miss a payment.
How to Apply
If you’re interested in the BankSA Platinum credit card, clicking ‘apply now’ will safely redirect you to the BankSA enquiry page. To be eligible you must be 18 years or older and an Australian permanent resident. Please allow up to 10 to 15 minutes to complete the application, after which you should receive an instant response on your application outcome (based on system availability). You will need the following information;
- Australian Driver’s License
- Weekly income details
- Details of assets, savings or investments
- Repayment amounts to any other balances or liabilities
Any application for credit is subject to the Bank of South Australia’s lending criteria. Fees and charges apply to the credit card products mentioned. Full details of all applicable terms and conditions are available on request. These can change or new terms and conditions introduced in the future. Rates cited are variable and subject to change.
Some things you should also know: Any application for credit is subject to the Bank of South Australia’s prevailing lending criteria. Fees and charges apply to the credit card products mentioned. Full details of all applicable terms and conditions are available on request. These may be varied, or new terms and conditions introduced in the future. Rates cited are variable and subject to change.
Read the BankSA Platinum Card terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $6,000 |
| Annual Fee | $0 p.a. annual fee for the first year ($89 p.a. thereafter) | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $9 | |
| Over Limit Fee | $9 | |
| Overseas Emergency Replacement | $52.50 | |
| Foreign Currency Conversion Fee | 3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 | |
| Number of Additional Cardholders | 3 |
Pros
- This is a good card that offers access to the platinum features without breaking the bank with a high annual fee.
- This card comes with complimentary insurance covers including international travel, domestic flight inconvenience transit accident, purchase cover and extended warranty insurance.
Cons
- This is a platinum credit card that does not have any rewards program.
Read the BankSA Platinum Card terms and conditions.
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WESTPAC ALTITUDE Platinum card has a rewards program (1 point for every dollar), and travel insurance. Why doesn’t Bank SA offer the same in its range of cards?