- 12.54% p.a. purchase and cash advance rate
- $0 annual fee credit card
- 0% p.a. on balance transfers for first 6 months
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Citi Rewards Credit Card - $0 Annual Fee
0% balance transfer for 30 Months*
Transfer up to 3 non-Citi personal loans, store and/or credit cards.
Pros and cons
- No low introductory balance transfer rate if you are moving from another bank
Creditcard.com.au review
Editor Review
Bank First Visa Classic Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
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
Rates and fees
Interest rates
Purchase rate 12.54% p.a.
Cash advance rate 12.54% 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 12.54% 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
International Travel Insurance No
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
Overview
Bank First Visa Classic Credit Card
The Bank First Visa Classic credit card offers an interest rate of 12.54% 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 12.54% 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 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.
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