Bankfirst Visa Platinum Credit Card

Bankfirst Visa Platinum Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
Bankfirst Visa Platinum Credit Card
Exclusive Visa platinum 24/7 concierge services.
Exclusive Visa platinum entertainment offers.
Low interest rate on purchases and balance transfers.
Add to comparison
9.99% p.a.
ongoing
9.99% p.a.
ongoing
$99
ongoing

Pros & cons

What's good?

What's not so good?

At 9.99% p.a., the standard interest rate on purchases is one of the lowest you’ll find from any bank.
Add up to 4 additional cardholders. $0 p.a. per card, which is perfect.
Credit limits start at $6,000.
Minimum repayments are 5% of the balance owed each month. Some cards have a lower minimum repayment. Having a high minimum repayment is in your benefit as you should save money in the (very) long term. Still not a good idea to only make minimum repayments.
Complimentary international travel insurance and theft cover.
There’s a $99 p.a. annual fee.
Significantly cheaper balance transfer offers are widely available.
Other platinum level cards offer a wider range of insurance for a similar annual fee.
Only Bankfirst members and their immediate family can apply.
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

3.8 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

Reliability without hidden excessive fees

Reviewed and recommended by Maria Beasy on 21 Jul 2015

I’ve had this credit card for a decade now and it’s a method of balancing the family finances. I do try my best to pay off each month’s balance in full as most other Aussies do. There has always been sufficient credit available as a backup for my family’s needs.

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
Any
Gambling transactions allowed
No
Joint application
Yes
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
4
Additional card fee
$0 p.a.

Credit limits

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

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers9.99% p.a.N/A0%N/AN/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
N/A
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Bankfirst Visa Platinum Credit Card at the promotional balance transfer rate from:

    Rates & fees

    Promotional interest rates

    Interest ratePeriodFeeLimitRevert rate
    Balance transfers9.99% p.a.N/A0%N/A N/A
    PurchasesN/AN/AN/AN/A N/A

    Ongoing interest rates

    MonthlyAnnually
    Cash advances 1.67% 19.99% p.a.
    Purchases 0.83% 9.99% p.a.

    Fees

    Annual fee
    $99 p.a.
    Cash advance fee
    2.50%
    Dishonour fee
    $17.50
    Duplicate statement fee
    $5
    Foreign exchange fee
    2.5%
    Late payment fee
    $20
    Over limit fee
    $12
    Overseas ATM balance fee
    $2.50
    Overseas ATM withdrawal fee
    $2.50
    Overseas emergency card replacement fee
    $150
    Transaction verification fee
    $7

    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
    Joint applications are allowed
    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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