Bank of Sydney Platinum Credit Card

Bank of Sydney Platinum Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Bank of Sydney Platinum Credit Card
Earn $8 for every $1000 on all eligible purchases without expiry
Platinum benefits with low $129 p.a. annual fee.
Switch to 0% p.a. for 6 months on balance transfers.
Add to comparison
6 months
0% p.a.
then 18.49%
with a 0% fee
6 months
6.99% p.a.
then 18.49%
$129
ongoing
 
saved over 6 months
Similar cards

Pros & cons

What's good?

What's not so good?

Transfer debt from a non Bank of Sydney credit card and get 6 months at 0% p.a.
You can transfer up to 95% of credit limit. Credit limits start from $6,000.
6.99% p.a. for 6 months on purchases. Not the cheapest, but better than the standard purchase rate of 18.49% p.a.
Complimentary insurance including international travel insurance, purchase protection insurance, and transport accident insurance among others.
Earn $8 for every $1000 on all eligible purchases without expiry
Comes with Apple Pay.
Limited to adding only 1 additional cardholders, although the cost for setting up another cardholder is good: $0 p.a.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.6 out of 5.0 based on 1 review100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Excellent rewards scheme

Reviewed and recommended by Geoffrey on 09 Jan 2016

It gives rewards in the form of cashback at 0.8% of your spending into your Bank of Sydney transaction account. This is vastly superior in value to most other rewards cards on the market. As well as giving up to 55 days free credit, it has high quality travel and other insurances. I have been looking for a card of this quality for a long time and I am delighted to have it now.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
N/A
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
N/A

Repayments

Interest charged from
N/A
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%95% of credit limit18.49% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Bank of Sydney Platinum Credit Card at the promotional balance transfer rate from:

  • Bank of Sydney

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%95% of credit limit 18.49% p.a.
Purchases6.99% p.a.6 monthsN/AN/A 18.49% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.62% 19.49% p.a.
Purchases 1.54% 18.49% p.a.

Fees

Annual fee
$129 p.a.
Cash advance fee
N/A
Dishonour fee
N/A
Duplicate statement fee
N/A
Foreign exchange fee
3%
Late payment fee
$10
Over limit fee
N/A
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
N/A
Overseas emergency card replacement fee
N/A
Transaction verification fee
N/A

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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