Bank Australia Credit Cards

Compare Bank Australia credit cards from the clean money bank.

By   |   Updated 1 Mar 2024

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Comparing Bank Australia credit cards

Bank Australia Low Rate Visa Credit Card

On website

Highlights

  • Enjoy the advantage of a competitive 9.39% p.a. interest rate for both purchases and cash advances.
  • Plus, benefit from an annual fee of only $59.00.
  • Your credit journey starts with a minimum credit limit of $1,000, ensuring accessibility and flexibility.

Pros

  • Low 9.39% p.a. interest rate on purchases.
  • Cash advances are also charged at the competitively low rate of 9.39% p.a.
  • Annual fee of $59 p.a.
  • Minimum credit limit of $1,000.

Cons

  • No interest-free days at all.
  • No balance transfer offer as of the moment.
Bank Australia Platinum Rewards Visa Credit Card

On website

Highlights

  • Experience a comprehensive credit card offering Qantas Points alongside complimentary travel insurance.
  • Benefit from a 0% p.a. rate on balance transfers for 6 months. Afterward, it transitions to the variable interest rate on purchases, set at 18.24% p.a.
  • Enjoy up to 55 days interest-free.

Pros

  • 0% p.a. on balance transfer for 6 months.
  • Earn 0.75 Qantas Points for every $1 spent, plus 1 more for every $1 spent on Qantas products and services in Australia
  • Comes with complimentary overseas travel insurance.

Cons

  • There is a $59 p.a. additional card holder fee.
  • ATO spend does not earn Qantas points.
  • Much longer balance transfer offers are available.
Bank Australia Visa Credit Card

On website

Highlights

  • Lifetime exemption from annual fees.
  • Maintain a fixed interest rate of 12.39% p.a. for purchases and cash advances.
  • Benefit from up to 55 days interest-free.

Pros

  • No annual fee.
  • A competitive 12.39% p.a interest rate on purchases.
  • Low 12.39% p.a. rate also applies to cash advances.
  • Up to 55 days interest free.
  • Works with Apple Pay, Google Pay, and other digital wallets.

Cons

  • No balance transfer offer available.
  • Doesn't earn rewards or have a welcome bonus.

Bank Australia offers a range of credit cards designed to suit the diverse needs of customers in Australia. From low-rate options to rewards cards, Bank Australia provides a variety of credit card choices. In this article, we will explore the different types of credit cards offered by Bank Australia, their features, benefits, fees, and how to apply for them.

Types of Bank Australia Credit Cards

Bank Australia offers various types of credit cards, each tailored to different customer preferences and financial requirements. Here are some of the key credit card options provided by Bank Australia:

1. Low Rate Credit Cards

Bank Australia's low rate credit cards offer customers a competitive interest rate, making them an ideal choice for individuals who tend to carry a balance on their credit card from month to month. These cards can help save on interest costs while still providing the convenience of a credit card.

2. Rewards Credit Cards

For customers looking to earn rewards on their everyday spending, Bank Australia's rewards credit cards are a great option. These cards typically offer points or cashback on purchases, allowing cardholders to redeem rewards for travel, merchandise, gift cards, or other benefits.

3. Platinum Credit Cards

Bank Australia's platinum credit cards come with additional perks and benefits, such as complimentary insurance, concierge services, and exclusive access to events. These cards are designed for customers who value premium features and personalized assistance.

Features and Benefits of Bank Australia Credit Cards

Competitive Annual Fees

Bank Australia credit cards come with competitive annual fees, helping customers save on the cost of card ownership. By offering reasonable fees, Bank Australia ensures that its credit cards remain accessible to a wide range of customers.

Flexible Repayment Options

Customers holding Bank Australia credit cards have the flexibility to choose their repayment options, including setting up direct debits, making manual payments, or scheduling automatic transfers. This flexibility empowers cardholders to manage their finances in a way that suits them best.

Balance Transfer Offers

Bank Australia occasionally provides balance transfer offers on their credit cards, allowing customers to consolidate their existing credit card debt onto a Bank Australia card at a low promotional interest rate. This feature can help individuals pay off their debt more efficiently.

How to Apply for a Bank Australia Credit Card

Applying for a Bank Australia credit card is a straightforward process that can typically be done online. To apply for a Bank Australia credit card, follow these steps:

  1. Visit the Bank Australia website or branch.
  2. Select the credit card that best fits your needs.
  3. Fill out the online application form with your personal and financial details.
  4. Submit the application and await approval.

Once your application is approved, you will receive your new Bank Australia credit card in the mail, along with instructions on how to activate and start using it.

Help choosing a Bank Australia credit card

Explore personalized assistance to identify the perfect Bank Australia credit card that suits your financial needs and aligns with your lifestyle.

  • FAQs

What are the eligibility criteria for applying for a Bank Australia credit card?

To apply for a Bank Australia credit card, you must be at least 18 years old, a resident of Australia, and meet certain income and creditworthiness criteria. Specific requirements can vary between credit card types, so it's advisable to check the details for the card you're interested in.

How long does it take for a Bank Australia credit card application to be approved?

The approval time for a Bank Australia credit card application can vary depending on individual circumstances and the completeness of the information provided. Generally, it can take from a few business days to a couple of weeks. For a more accurate timeline, contact Bank Australia directly.

What is the minimum credit limit offered on Bank Australia credit cards?

The minimum credit limit offered on Bank Australia credit cards typically starts from $1,000. However, the actual credit limit assigned will depend on your creditworthiness, income, and the bank's lending criteria.

Can I manage my Bank Australia credit card account online?

Yes, you can manage your Bank Australia credit card account online. By registering for internet banking through Bank Australia's website, you can access your account to view transactions, make payments, check your balance, and update personal details, among other functionalities.

Are there any additional fees or charges associated with Bank Australia credit cards?

Bank Australia credit cards may come with additional fees or charges, including annual fees, late payment fees, cash advance fees, and foreign transaction fees. The specifics can vary by card, so it's important to review the product disclosure statement (PDS) for the credit card you're considering for a comprehensive list of potential charges.