Credit Card Compare

Bank Australia Platinum Rewards Visa Credit Card

2 reviews
Data last updated 20 July 2026
20.24%
Purchase rate
$189
Annual fee
55 days
Interest-free

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Bank Australia Platinum Rewards Visa Credit Card card
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CardIQ

34Basic

Basic

Overall score, out of 100 · How this works

  • 55 days interest-free46
  • Frequent flyer27
  • Qantas Points27
  • Rewards29
  • Travel43

Customer reviews

4.1

Based on 2 reviews

AniRecommends

Affordable

This card is simple and very flexible. The interest-free period is also adequate. For low to medium spending, it is suitable and recommended. It has easy internet banking for keeping track and control of your spending.

LyleRecommends

Saved lots

I like this card as it’s intrest-free and has low fees too. It’s great for me, so easy to use, and the payments are easy to make—there are so many ways to make repayments these days. The interest rates are really low. The only thing I don’t like is the yearly $78 for the card.

Pros & cons

What's good

  • Complimentary international travel insurance.
  • No fee to add an additional cardholder.
  • Points don't expire while your account is open and in order.

Worth noting

  • The $189 annual fee is toward the top of the market (the median is $70).
  • The 20.24% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
  • Earns 0.75 points per $1 on everyday spend, below the dataset average.
  • Points earning is capped at 20,000 points a month.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit limit
$1,000 – $100,000
Credit rating
Good
Rewards program
Qantas Frequent Flyer

Eligibility

Instant approval
No
Joint application
No
Membership
Open to all applicants
Minimum age
18 years old
Minimum income
Not specified
Residency
Australian citizen or permanent resident
Temporary residents
Not eligible

Rates & fees

Ongoing interest rates

Cash advances
20.24% p.a.
Purchases
20.24% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$189 p.a.
Cash advance fee
—
Foreign transaction fee
3%
Late payment fee
$0

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2.5% of the closing balance or $20, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
0.75 pts per $1
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
None
Reduced rate above monthly cap
None
Points cap
Maximum 20,000 points per month
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
—
Sign-up bonus
—

Where these points could take you

Auckland
Flying Qantas non-stop, using Qantas points. Economy 20,700 pts.

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Interest-free days55 daysTop 10% (6th of 192 cards)
Overseas fee3.00%Better than most (53rd of 200 cards)
Rewards value$324 a yearMiddle of the market (45th of 95 cards)
Purchase rate20.24%Middle of the market (117th of 196 cards)
Annual fee$189 a yearNot as good as most cards (147th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
Bank Australia
Program
Qantas Frequent Flyer