The Bank First Visa Classic Credit Card is suited to people who want a low-cost credit card with simple features. It's 12.54% variable interest rate is competitive with other low rate credit cards, and it applies to purchases, balance transfers and cash advances. The ongoing $0 annual fee on this card also gives you a way to save on account costs. Just keep in mind there aren't any fancy features like rewards or complimentary insurance with this card.
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Bank First Visa Classic Credit Card
Terms and conditions apply
- Balance transfer rate with no balance transfer fee
- 12.54% p.a.
- Purchase rate
- 12.54% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers a low 12.54% p.a. variable interest rate and a $0 annual fee, with other basic Visa credit card features.
The Bank First Visa Classic is a low-cost and simple credit card. It offers up to 55 days interest-free on purchases and charges the same 12.54% p.a. variable interest rate for purchases, balance transfers and cash advances. In comparison, some other low rate cards have higher cash advance rates. But some cards do offer introductory low or 0% balance transfer rates, so if you're looking to pay off an existing debt it's worth comparing other cards to see how much you can save.
Pros
-
on purchases for months
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$0 annual fee for the life of the card
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Low variable interest rate of 12.54% p.a. on purchases, cash advances and balance transfers
Cons
-
This card does not offer a rewards program or any premium perks.
Details
Product details
| Product Name | Bank First Visa Classic Credit Card |
| Balance transfer rate p.a. | 12.54% |
| Purchase rate p.a. | 12.54% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 12.54% |
| Min credit limit | $2,000 |
| Max credit limit | $10,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | $0 |
| Minimum monthly repayment | 5% of the closing balance or $20, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | 2.5% |
| Overseas cash advance fee | 2.5% |
| Overseas ATM withdrawal fee | $2.50 |
| Additional cardholder fee | $0 |
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Amy Finder
Editor
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Jonathan Finder
January 27, 2015
Hi Denise,
Thanks for your inquiry,
Unfortunately, there is no rewards program compatible with the Victoria Teachers Visa Credit Card at the moment. You can check our rewards credit card page for a list of cards earning points as you spend and redeem them for travel, gift cards, shopping, and more with a rewards credit card.
On the page, is a comparison table you can use to see which card suits you. You can use the table’s sort function to compare these cards based on bonus points, rewards points per $ spent, purchase rate, and annual fee. You can press the “More info” link to be redirected to our review page and learn more about the card’s key details, features, fees as well as the pros and cons of using the card. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this helps!
Cheers,
Jonathan
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lucy
January 15, 2015
what is $500.00 limit
does it mean you can spend $500.00 at one purchase
Jonathan Finder
January 15, 2015
Hi Lucy,
Thanks for your question!
The $500 amount 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.
I hope this has helped!
Cheers,
Jonathan
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Denise
January 27, 2015
Hi there,
Do you earn rewards points on this credit card?