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Our verdict

Enjoy a low interest rate on purchases and balance transfers while enjoying extra features with the Bank First Visa Platinum credit card.

The Bank First Visa Platinum credit card is one of the few cards that offer low interest on both purchases and balance transfers, which is quite low compared to other platinum cards.

This card also offers a low $99 annual fee, complimentary travel insurance, and other exclusive perks.

Pros

A low interest rate of 9.59% p.a. on purchases and balance transfers
0% foreign transaction fees
Complimentary travel insurance and 24/7 platinum concierge services

Cons

No rewards program linked to this card

The Bank First Visa Platinum credit card offers 9.59% p.a. on both balance transfers and purchases, which is quite low compared to other credit cards in the market. Cardholders can also access platinum perks including complimentary travel insurance, a 24/7 concierge service and exclusive deals through Visa Offers and Perks.

Details

Product details

Product Name	Bank First Visa Platinum Credit Card
Purchase rate p.a.	9.59%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	19.59%
Min credit limit	$6,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$99
Minimum monthly repayment	5% of the closing balance or $20, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	0%
Cash advance fee	$2.50
Overseas cash advance fee	$2.50
Overseas ATM withdrawal fee	$2.50
Additional cardholder fee	$0

How to apply

You can apply for the Bank First Visa Platinum credit card online in around 10 minutes. You should check if you meet the eligibility criteria and that you have the necessary information to complete the application before you get started.

Eligibility criteria

Age. You must be at least 18 years old.
Residency. You must be a permanent Australian resident.

Credit history. You must have a good credit score and no history of defaults, bankruptcy or judgements.

Required documents

Personal information. This includes your full name, date of birth, email address and contact information and number of financial dependents. If you’re requesting an additional cardholder, you’ll need to include their personal details too.
Identification. You’ll be required to provide proof of identity such as a driver’s licence number.
Employment. Confirm your employment status and net income.
Finances. You'll need to indicate whether you receive any government benefits or pensions and list any assets, debts and liabilities.

Card benefits

No foreign currency conversion fees on purchases. The Bank First Visa Platinum credit card does not charge a fee for transactions made online or overseas in a foreign currency.
Overseas travel insurance. You can save on an essential holiday cost with complimentary international travel insurance. This includes cover for overseas medical expenses, emergency dental expenses, flight cancellations, travel delays, missed connections, mugging and accidental death. Terms, conditions and exclusions apply.

Platinum concierge service. You can contact your 24/7 personal platinum concierge service for all of your travel, entertainment and lifestyle requests. This could include anything from organising travel plans to booking last-minute concert tickets or reserving a table at a popular restaurant.
Visa perks. Your Visa card is accepted at millions of locations around the world. Cardholders can also enjoy exclusive discounts, pre-sale access to concerts and competitions through Visa Offers and Perks.
Mobile wallets. Whether you have an Android or Apple device, you can save time at the cash register and pay with the convenience of your smartphone with Google Pay or Apple Pay.

Rates & fees

Annual fee. This card charges a $99 annual fee.
Low variable interest rate. Purchases and balance transfers attract a 9.59% p.a. interest rate.

Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you’ll immediately attract the 19.59% p.a. interest rate.
Interest-free days. You can make use of up to 55 interest-free days on purchases if you pay the account’s closing balance in full each month. Interest-free days don’t apply to balance transfers or cash advances.
Additional cardholders. You can get an additional card for any nominated individual over 18 years of age.
Credit limit. The Bank First Visa Platinum credit card has a minimum credit limit of $6,000.

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Sally Finder

Producer

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William Myslinski

February 03, 2024

how do you apply for a credit? There is alot of reference questions but no new accounts buttons

Amy Bradney-George Finder

February 05, 2024

Hi William,

We don’t currently offer this product through Finder, so you can contact them directly to apply.

Julie

January 12, 2019

I would like advice on a credit card that I may be able to apply for on a pension.

Joshua Finder

January 14, 2019

Hi Julie,

Thanks for getting in touch with Finder. I hope all is well with you. :)

You may refer to our list of credit cards for pensioners and retirees. On that page, you will be able to compare your credit cards for pensioners and learn how to apply. There’s a table there that lists some of your options as well as their corresponding details. When you are ready, press the “Go to site” button to apply.

Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

Have a wonderful day!

Cheers,

Joshua

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Sally McMullen was a creative content producer at Finder. Sally wrote about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong. See full profile

Bank First Visa Platinum Credit Card

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Eligibility criteria

Required documents

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