Enjoy a credit card provided by a company with a wealth of global banking experience.
As of the 1st of August 2014, Investec Bank (Australia) Limited was acquired by Bank of Queensland (BOQ) and rebranded as BOQ Specialist. Investec no longer issues credit cards in Australia.
Investec offers a wide range of financial services to clients in Australia, the United Kingdom, and South Africa. The first Investec office in Australia was opened in 1997 and it has grown significantly since then. The company offers advisory services, investment products, and banking services to corporates, institutional investors and private clients.
Their private banking division provides services related to everyday banking, credit cards, off balance sheet lending solutions, and specialised investment offerings. Investec is renowned for offering tailored services to their clients.
Investec Credit Card overview
Investec credit cards are renowned for the benefits they offer. In Australia they partner with Qantas to provide cardholders with points and benefits whenever you use the card. The bank offers only two credit cards, both of which are premium cards: the Signature and Platinum.
Signature credit card
This credit card comes with a range of benefits. The most important to many seeking a premium card is that it earns uncapped Qantas Points, and does so at the rate of:
- 1 point for every $1 spent on eligible purchases in Australia
- 2 points for every $1 spent on eligible international purchases
- One additional point for every $1 spent on eligible Qantas products in Australia
It also comes with complimentary international travel insurance, extended warranty on certain products, golfer’s insurance, domestic and international rental car excess cover, purchase security and transport accident insurance.
You also get the ability to use the Visa concierge service to save you time and money, and get access to a complimentary membership with Priority Pass, which gets you and a guest into over 600 VIP airport lounges around the world. This entitles cardholders to complimentary access to The Visa Luxury Hotels Collection. Cardholders also have access to Front Line Visa Entertainment.
Platinum credit card
The Platinum credit card offers most of the features standard with the Signature credit card. The only differences being the earn rate for uncapped Qantas Points is lower and some of the extra features such as Priority Pass membership are missing. With the Platinum credit card you’ll earn:
- 1 point for every $2 spent on eligible purchases in Australia
- 1 point per $1 you spend on international purchases
- One additional point per dollar spent on selected Qantas products and services in Australia
It also grants cardholders the suite of complimentary insurance policies that the Signature offers.
Who is Investec?
Investec was founded in Johannesburg, South Africa in 1974. Today they provide a wide range of financial products to clients in the United Kingdom, Australia, and of course South Africa. Among the financial services they offer include asset management, specialist banking and wealth and investment advice.
What other products do Investec offer?
Everyday banking accounts
The bank’s flagship Investec One Account provides an unparalleled bundled offer incorporating a high interest savings account, an optional overdraft facility, a debit card, online and mobile banking functionality and around-the-clock personalised service.
Earn competitive rates on your savings while preserving liquidity at the same time. To open a savings account, you need to have a minimum balance of $50,000. This service is covered by the government deposit guarantee program. You must be over 18 and be an Australian resident to qualify.
Place your money in a term deposit to earn a higher interest rate and remove the temptation to withdraw money. The term deposit program from Investec is available to individuals, trusts, and corporations. The minimum investment amount is $50,000. The bank does not charge account-keeping fees for this service.
If you are a dental, medical, or accounting professional, you can take advantage of Investec’s specialised services for professionals. The bank takes a partnership approach to banking and investments.Back to top