Bank of Sydney Credit Cards

Compare Bank of Sydney credit cards for interest rates, fees, balance transfers, and rewards to help inform your decision before applying.

By   |   Updated 1 Mar 2024

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Comparing Bank of Sydney credit cards

Bank of Sydney Platinum Credit Card

On website

Highlights

  • Receive $8 for every $1,000 spent on eligible purchases (with no cap).
  • Avail of a 6.99% p.a. rate for up to 6 months on purchases (reverting to 18.49% p.a. thereafter).
  • Enjoy a 55-day interest-free period on all purchases.

Pros

  • No limit on the cashback you can earn.
  • The introductory rate on purchases.
  • Comes with complimentary travel insurance for up to $20,000.
  • Includes transport accident insurance, extended warranty insurance, and purchase security insurance.

Cons

  • The annual fee is $129 p.a.
  • Will no longer be available for use from 25 May 2024.

Bank of Sydney offers a range of credit cards designed to cater to diverse financial requirements and preferences. From basic cards for convenient payments to premium cards with exclusive perks, customers can find a credit card tailored to their lifestyle. Understanding the features and terms of Bank of Sydney credit cards can help individuals make informed decisions when selecting the right card for their financial goals.

Types of Bank of Sydney Credit Cards

Standard Credit Cards

Bank of Sydney's standard credit cards provide essential features such as payment convenience, online account management, and global acceptance. These cards are suitable for individuals looking for a straightforward credit card option with no annual fee or minimal charges.

Rewards Credit Cards

Customers interested in earning rewards for their spending may opt for Bank of Sydney's rewards credit cards. These cards offer points or cashback on eligible purchases, allowing cardholders to maximize their benefits through everyday spending.

Platinum Credit Cards

For individuals seeking premium benefits and exclusive privileges, Bank of Sydney's platinum credit cards may be an ideal choice. These cards often come with enhanced rewards, travel insurance, concierge services, and other premium features.

Balance Transfer Credit Cards

Bank of Sydney also offers balance transfer credit cards, allowing customers to consolidate their existing credit card balances onto a new card with a lower interest rate. This option can help individuals save on interest payments and simplify their debt repayment strategy.

Benefits of Bank of Sydney Credit Cards

Convenient Payment Options

Bank of Sydney credit cards provide a convenient and secure way to make payments, whether in-store, online, or overseas. Cardholders can enjoy the flexibility of credit card payments for everyday expenses.

Rewards and Perks

Depending on the card type, customers can earn rewards points, cashback, or other benefits for their spending. Rewards programs may include travel incentives, merchandise discounts, and exclusive offers from partner merchants.

Travel Insurance and Assistance

Certain Bank of Sydney credit cards offer travel insurance coverage, including benefits such as medical emergency assistance, trip cancellation protection, and lost luggage reimbursement. These features can provide peace of mind for cardholders when travelling.

Balance Transfer Options

For individuals looking to manage and reduce their debt, Bank of Sydney's balance transfer credit cards offer competitive interest rates and promotional periods for transferring existing balances. This can help in consolidating debt and saving on interest charges.

Fees and Charges Associated with Bank of Sydney Credit Cards

Annual Fees

Most Bank of Sydney credit cards have an annual fee, which varies depending on the card type and the level of benefits offered. It is important for cardholders to consider this fee when evaluating the overall value of a credit card.

Interest Rates

Credit cards typically have an interest rate applied to outstanding balances that are not paid in full by the due date. Bank of Sydney discloses the applicable interest rates for purchases, cash advances, and balance transfers in the card terms and conditions.

Foreign Transaction Fees

When using a Bank of Sydney credit card for international transactions or purchases in a foreign currency, cardholders may incur foreign transaction fees. These fees are usually a percentage of the transaction amount and are important to note for frequent travellers.

Applying for a Bank of Sydney Credit Card

To apply for a Bank of Sydney credit card, individuals can visit the bank's website or a local branch to access the application form. Applicants are typically required to provide personal information, financial details, and identification documents as part of the application process. Approval decisions are based on factors such as credit history, income, and eligibility criteria set by the bank.

Managing Your Bank of Sydney Credit Card

Online Account Management

Bank of Sydney offers online banking services that allow cardholders to conveniently manage their credit card accounts, view transactions, make payments, and set up alerts or notifications. This digital platform enhances the user experience and provides access to account information anytime, anywhere.

Payment Options

Cardholders can make payments towards their Bank of Sydney credit card balances through various channels, including online transfers, direct debit, BPAY, or in-person at a bank branch. Timely payments help maintain a good credit score and avoid late payment fees.

Customer Support

For inquiries, assistance, or reporting issues related to a Bank of Sydney credit card, customers can contact the bank's customer service hotline or visit a branch for in-person support. Friendly and knowledgeable staff are available to address queries and provide guidance on card-related matters.

Help choosing a Bank of Sydney credit card

Find tailored assistance in selecting the ideal Bank of Sydney credit card to suit your financial goals and lifestyle needs.

  • FAQs

What type of credit cards does Bank of Sydney offer?

Bank of Sydney offers standard credit cards, rewards credit cards, platinum credit cards, and balance transfer credit cards to cater to different customer needs and preferences.

Does Bank of Sydney provide travel insurance with its credit cards?

Some Bank of Sydney credit cards include travel insurance coverage, offering benefits such as medical emergency assistance, trip cancellation protection, and lost luggage reimbursement for cardholders.

How can I apply for a Bank of Sydney credit card?

To apply for a Bank of Sydney credit card, individuals can visit the bank's website or a local branch to access the application form and submit the required personal and financial information.

What fees are associated with Bank of Sydney credit cards?

Bank of Sydney credit cards may have annual fees, interest rates on balances, foreign transaction fees, and other charges that cardholders should be aware of when using the cards for payments.

How can I manage my Bank of Sydney credit card account?

Cardholders can manage their Bank of Sydney credit card accounts through online banking services, make payments through various channels, and seek customer support for any card-related inquiries or issues.