Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

Bank First Visa Classic Credit Card

2 reviews

Apply by 31 January 2020

Purchase rate

12.94% p.a.

Balance transfer

0% 6 months
0% Complete (success)
reverts to 12.94% p.a. No BT fee

Annual fee

$0 p.a.
0% Complete (success)

Pros

12.94% p.a. purchase and cash advance rate

$0 annual fee credit card

0% p.a. on balance transfers for first 6 months

Cons

No low introductory balance transfer rate if you are moving from another bank

Bank First Visa Classic Credit Card

The Bank First Visa Classic credit card offers an interest rate of 12.94% p.a. on purchases and cash advances with $0 annual fee ever. For a limited time get 0% p.a. on balance transfers for the first 6 months.

Key features

  • Low rate of 12.94% p.a. on purchases and cash advances
  • $0 annual fee
  • Up to 55 days interest free
  • No monthly administration fees
100% of customers who have rated this card would recommend it
  • Rates
    85%
  • Fees
    70%
  • Rewards
    N/A
  • Customer Service
    66%
  • Value
    77%
Overall user rating 60%
2 reviews
Interest Rates
Purchase rate 12.94% p.a.
Cash advance rate 12.94% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer fee No fee
Balance Transfer revert rate 12.94% p.a.
Balance transfer from personal loan No
Banks you can't balance transfer from Bank First
Credit limits
Minimum credit limit $2,000
Maximum credit limit $10,000
Fees & repayments
Annual fee $0 p.a.
Additional cardholder fee Up to 4 at no extra cost
Cash advance fee 2.50%
Foreign transaction fee 2.5%
Late payment fee $20
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No

The Bank First Visa Classic Credit Card

As an award-winning card, the Bank First Visa Classic Credit Card is a fantastic option for cardholders who want to keep interest costs low, while paying no annual fee. The card offers up to 55 days interest free on purchases, alongside all the accessibility and extras Visa provides. New cardholders can also benefit from 0% p.a. on balance transfers for 6 months.

What we love...

As the Bank First Visa Classic Credit Card is designed to save cardholders money, we’re going to check out its balance transfer offer first. As a new customer, you can take advantage of 0% p.a. on balance transfers for 6 months, allowing you to pay down existing credit card debt faster, while paying out less in interest.

Now, as a no annual fee card with a nice low interest rate – and dare we say it, not too much else going on – this is just the kind of card you want to do a balance transfer on. It really lets you focus on clearing your balance, with the added benefit of allowing you to put the money you save on annual fees towards paying down your debt.

If you chose to do a balance transfer on a rewards card, for example, it may be harder to pay off your balance as you would want to spend on the card to earn all those lovely rewards. But, this leaves you to pay off that new balance – which is accruing interest – plus the transferred balance as well. With a basic card like the Bank First Visa Classic Credit Card, things are much simpler.

It’s also worth pointing out that with balance transfers, you need to be aware of what your transferred balance will revert to if you are unable to pay it all off within the intro period. Unlike some other options, this card reverts to its low purchase rate. While it’s not ideal to continue paying interest on that balance, paying less is definitely better than paying more.

But, it’s not all about the balance transfer offer. This card can be an excellent everyday card as well. You can enjoy a low rate on both purchases and cash advances, while paying zip in annual fees. As long as you clear your balance each month, you can also benefit from up to 55 days interest free on purchases.

What’s not so great...

With the Bank First Visa Classic Credit Card you need to think simple. Simple is low rate and no annual fee. But, while there may not be any rewards points to earn or fancy features to enjoy, that doesn’t necessarily need to be a bad thing. If you want simple, then there’s not too much complain about on this card.

One thing we will point out, however, is the card’s minimum credit limit of $2,000. While it may not be a deal breaker for many cardholders, for those who want to keep a lower limit, this could be an issue.

Why should you choose this card?

The Bank First Visa Classic Credit Card provides access to credit and several handy features, while keeping costs low. This could make it the perfect choice for cardholders who carry a balance month-to-month, for those who want to keep a card in their wallet for emergencies, or those who simply want a no frills credit card that just does its job.

The card was awarded Outstanding Value within the Low Fee category by Canstar in 2018, and Experts Choice by Mozo within with No Annual Fee Credit Card category in the same year. It provides worldwide acceptance through Visa, as well as security and accessibility in a number of handy features.

Overall Rating

The Bank First Visa Classic Credit Card provides cardholders plenty of money-saving with a nice low interest rate and no annual fee, alongside up to 55 days interest free on purchases and 0% p.a. on balance transfers for 6 months.

4 questions (showing the latest 10 Q&As)

Greg

Greg

21 January 2019
I am presently with Westpac Banking. We are wanting to change. We pay our Visa card off monthly and on time. We average $1000.00 monthly on our Visa card. WE also hold an additional Mastercard as a backup plan B if needed. What can you do for us.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 January 2019
    Hi Greg, have a review of the current credit cards offers available directly on the Bank First website - https://www.bankfirst.com.au/banking/credit-cards. We are not the bank ourselves so you should reach out to them directly to see if they will be a good fit for you. You don't need to have all your products with one bank. I split my products across a range of banks based on which is best for me. I don't believe that one bank has all the right products.
Tim

Tim

9 November 2018
Can you use Bpay to pay this card off?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 November 2018
    Hi Tim, I do not know a credit card that you cannot pay off through BPAY. This Bank First Visa Classic is no exception to the rule.
Sandi

Sandi

19 April 2017
Do you have to be a teacher to get your credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 April 2017
    Hi Sandi, you do not need to be a teacher to apply for a card from this bank.
Margaret Watson

Margaret Watson

31 October 2014
Where can I apply for this card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 October 2014
    Hi Margarent, from the Banks website - http://www.victeach.com.au/Personal-Loans/Credit-Card/All-Products/Credit-Card.html - Best of luck with your application
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia
  • You have your personal details ready to complete the online application
Bank First Visa Classic Credit Card
Bank First Visa Classic Credit Card

Bank First Visa Classic Credit Card

Updated 2 July 2019

Apply by 31 January 2020

Purchase Rate (p.a)

12.94%

Balance Transfer (p.a)

0% for 6 months No BT fee. reverts to 12.94% p.a.

Annual Fee (p.a)

$0

$0 over 6 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 12.94% p.a. purchase and cash advance rate
  • $0 annual fee credit card
  • 0% p.a. on balance transfers for first 6 months

  • No low introductory balance transfer rate if you are moving from another bank

Creditcard.com.au review

Editor Review

The Bank First Visa Classic Credit Card

As an award-winning card, the Bank First Visa Classic Credit Card is a fantastic option for cardholders who want to keep interest costs low, while paying no annual fee. The card offers up to 55 days interest free on purchases, alongside all the accessibility and extras Visa provides. New cardholders can also benefit from 0% p.a. on balance transfers for 6 months.

What we love...

As the Bank First Visa Classic Credit Card is designed to save cardholders money, we’re going to check out its balance transfer offer first. As a new customer, you can take advantage of 0% p.a. on balance transfers for 6 months, allowing you to pay down existing credit card debt faster, while paying out less in interest.

Now, as a no annual fee card with a nice low interest rate – and dare we say it, not too much else going on – this is just the kind of card you want to do a balance transfer on. It really lets you focus on clearing your balance, with the added benefit of allowing you to put the money you save on annual fees towards paying down your debt.

If you chose to do a balance transfer on a rewards card, for example, it may be harder to pay off your balance as you would want to spend on the card to earn all those lovely rewards. But, this leaves you to pay off that new balance – which is accruing interest – plus the transferred balance as well. With a basic card like the Bank First Visa Classic Credit Card, things are much simpler.

It’s also worth pointing out that with balance transfers, you need to be aware of what your transferred balance will revert to if you are unable to pay it all off within the intro period. Unlike some other options, this card reverts to its low purchase rate. While it’s not ideal to continue paying interest on that balance, paying less is definitely better than paying more.

But, it’s not all about the balance transfer offer. This card can be an excellent everyday card as well. You can enjoy a low rate on both purchases and cash advances, while paying zip in annual fees. As long as you clear your balance each month, you can also benefit from up to 55 days interest free on purchases.

What’s not so great...

With the Bank First Visa Classic Credit Card you need to think simple. Simple is low rate and no annual fee. But, while there may not be any rewards points to earn or fancy features to enjoy, that doesn’t necessarily need to be a bad thing. If you want simple, then there’s not too much complain about on this card.

One thing we will point out, however, is the card’s minimum credit limit of $2,000. While it may not be a deal breaker for many cardholders, for those who want to keep a lower limit, this could be an issue.

Why should you choose this card?

The Bank First Visa Classic Credit Card provides access to credit and several handy features, while keeping costs low. This could make it the perfect choice for cardholders who carry a balance month-to-month, for those who want to keep a card in their wallet for emergencies, or those who simply want a no frills credit card that just does its job.

The card was awarded Outstanding Value within the Low Fee category by Canstar in 2018, and Experts Choice by Mozo within with No Annual Fee Credit Card category in the same year. It provides worldwide acceptance through Visa, as well as security and accessibility in a number of handy features.

Overall Rating

The Bank First Visa Classic Credit Card provides cardholders plenty of money-saving with a nice low interest rate and no annual fee, alongside up to 55 days interest free on purchases and 0% p.a. on balance transfers for 6 months.

User reviews

Bank First Visa Classic Credit Card ( based on 2 Creditcard.com.au user reviews )

60% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 12.94% p.a.

Cash advance rate 12.94% p.a.

Interest free on purchases up to 55 days

Balance transfer

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

Balance transfer revert rate 12.94% 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 $2,000

Maximum credit limit $10,000

Fees & repayments

Annual fee $0 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

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Overview

Bank First Visa Classic Credit Card

The Bank First Visa Classic credit card offers an interest rate of 12.94% p.a. on purchases and cash advances with $0 annual fee ever. For a limited time get 0% p.a. on balance transfers for the first 6 months.

Key features

  • Low rate of 12.94% p.a. on purchases and cash advances
  • $0 annual fee
  • Up to 55 days interest free
  • No monthly administration fees

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 Creditcard.com.au 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.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

4 questions (showing the latest 10 Q&As)

Greg

Greg

21 January 2019
I am presently with Westpac Banking. We are wanting to change. We pay our Visa card off monthly and on time. We average $1000.00 monthly on our Visa card. WE also hold an additional Mastercard as a backup plan B if needed. What can you do for us.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 January 2019
    Hi Greg, have a review of the current credit cards offers available directly on the Bank First website - https://www.bankfirst.com.au/banking/credit-cards. We are not the bank ourselves so you should reach out to them directly to see if they will be a good fit for you. You don't need to have all your products with one bank. I split my products across a range of banks based on which is best for me. I don't believe that one bank has all the right products.
Tim

Tim

9 November 2018
Can you use Bpay to pay this card off?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 November 2018
    Hi Tim, I do not know a credit card that you cannot pay off through BPAY. This Bank First Visa Classic is no exception to the rule.
Sandi

Sandi

19 April 2017
Do you have to be a teacher to get your credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 April 2017
    Hi Sandi, you do not need to be a teacher to apply for a card from this bank.
Margaret Watson

Margaret Watson

31 October 2014
Where can I apply for this card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 October 2014
    Hi Margarent, from the Banks website - http://www.victeach.com.au/Personal-Loans/Credit-Card/All-Products/Credit-Card.html - Best of luck with your application

Similar Credit Cards

Virgin Australia Velocity High Flyer Credit Card

Virgin Australia Velocity High Flyer Credit Card

31 reviews

Apply by 31 Aug 19

More info
$0 saved over 15 months
Your savings
$ saved over 15 months
Calculate your savings icon
ANZ Low Rate Credit Card

ANZ Low Rate Credit Card

57 reviews
More info
$0 saved over 15 months
Your savings
$ saved over 15 months
Calculate your savings icon
St.George Vertigo Credit Card

St.George Vertigo Credit Card

18 reviews

Apply by 2 Oct 19

More info
$0 saved over 16 months
Your savings
$ saved over 16 months
Calculate your savings icon
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.