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Bank First Platinum Credit Card
Bank First Platinum Credit Card

Bank First Platinum Credit Card

Updated 19 March 2020

Apply by 29 January 2021

Purchase Rate (p.a)


Balance Transfer (p.a)

0% for 6 months No BT fee. reverts to 9.84% p.a.

Annual Fee (p.a)


$0 over 6 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Low purchase rate 9.84% p.a.
  • Complimentary 24/7 Platinum Concierge Service
  • Complimentary Overseas Travel Insurance
  • Up to 55 days interest free
  • Annual fee of $99
  • Visa Platinum Entertainment

  • No ability to earn points review

Editor Review

Bank First Platinum Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of about this card.

The Bank First Platinum Credit Card

Despite being a platinum card, the Bank First Platinum Credit Card has a low ongoing purchase rate and a low annual fee, making it a great option for cardholders who want a little extra while still keeping costs low. Alongside access to the Visa Platinum concierge service, the card also has up to 55 days interest free on purchases, and 0% p.a. on balance transfers for 6 months.

What we love...

When a credit card gains recognition within the industry, it is often worth a second look. Awarded Outstanding Value within the Low Rate category by Canstar in 2018, and recognised within Mozo’s Experts Choice awards as a Low Rate Platinum Credit Card the same year, the Bank First Platinum Credit Card certainly seems to be a card with plenty to offer.

First up, let’s look at its balance transfer offer. As a new cardholder, you could benefit from 0% p.a. on balance transfers for 6 months. While this is not the longest offer of its kind on the market, it could provide plenty of value to those who want to pay off existing credit card debt while saving big on interest. Another nice feature on this offer is the fact that any balance left unpaid at the end of the intro period reverts to the card’s purchase rate, rather than its much higher cash advance rate.

In terms of day-to-day interest, the card is designed to be a money-saver. Even though it is a platinum card – a type of card that tends to have higher rates – it has a much lower rate than many classic cards on the market. And, you can save even more with up to 55 days interest free on purchases as long as you clear your balance by the due date the previous month.

Carrying on with the money-saving theme, the card has a low annual fee for a platinum card, and it is has no ongoing fees. For its annual fee, cardholders can enjoy a few platinum perks, including complimentary overseas travel insurance. While you will need to read the PDS to find out whether this insurance offers the cover you need, it could provide a good way to save on standalone insurance, especially for those who travel frequently.

On top of that, you can unlock a range of discounts via Visa Platinum, on airport lounges, car rentals, hotels and more. The Visa Platinum personal concierge service is also available to you, which is on call 24/7 to assist you with everything from dinner reservations and theatre bookings, to organising gifts and travel arrangements.

What’s not so great...

With the word ‘platinum’ comes certain expectations. When you choose a platinum card, you expect a bevvy of tantalising extras, and perhaps even rewards. But, there are different grades of platinum card, with lower grades offering fewer features for lower annual fees, and higher grades offering fancier extras for higher annual fees.

As a low rate card with a relatively low annual fee, the Bank First Platinum Credit Card is not one that will bowl you over with extras. But, that doesn’t mean it doesn’t have its place in the credit card game. With this card, you can enjoy an awesomely low purchase rate for a reasonable annual fee, while benefitting from some very useable perks. Whether those perks are the ones you want should help you decide whether the card is right for you.

Why should you choose this card?

Unlike so many platinum cards, the Bank First Platinum Credit Card has a super low purchase rate. This can make it a great choice for cardholders who tend to carry a balance month to month, helping them to save on the amount of interest they pay out. If you want to keep costs low with an affordable annual fee and a low purchase rate, while still enjoying a bit of that platinum sparkle, this could be the card for you.

Of course, if you have existing credit card debt that you want to pay off, this card could help you do just that. Paying 0% p.a. on your transferred balance is likely to be a lot less than you are currently paying, so it could make sense to apply.

Overall Rating

An award-winning platinum card that has a seriously low rate and an affordable annual fee, the Bank First Platinum Credit Card has plenty to offer in its platinum perks and six-month 0% p.a. balance transfer offer.

User reviews

Bank First Platinum Credit Card ( based on 2 user reviews )

92% rating based on 2 reviews

Customer Service

Rates and fees

Interest rates

Purchase rate 9.84% p.a.

Cash advance rate 19.84% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

Balance transfer revert rate 9.84% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit N/A

Banks you can't balance transfer from Bank First

Credit limits

Minimum credit limt $6,000

Maximum credit limit N/A

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 2.5%

Minimum repayment

Cash advance fee 2.50%

Late payment fee $20

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No


24/7 concierge service


Bank First Platinum Credit Card

The Bank First Visa Platinum credit card offers a low purchase rate of 9.84% p.a. with an annual fee of $99. This card also offers up to 55 days interest free, no monthly administration fees, Visa Platinum 24/7 Concierge Service and complimentary overseas travel insurance.

Key features

  • Low purchase rate 9.84% p.a.
  • Complimentary 24/7 Platinum Concierge Service
  • Complimentary Overseas Travel Insurance
  • Up to 55 days interest free
  • Annual fee of $99
  • Visa Platinum Entertainment

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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