Bank of Sydney Credit Cards

Bank of Sydney

With a vision to be Australia’s leading people-focused bank, Bank of Sydney’s mission is to build long-lasting relationships with its customers through its products, services, and people. But that’s not all – the bank is also dedicated to supporting the communities it serves. It prides itself on its commitment to diversity, inclusiveness, and education, which is evident in its record of supporting local initiatives across various sectors.

As an Australian deposit-taking institution (ADI), the bank is regulated in the same way as the major banks in Australia. This means customers enjoy the protection that comes with banking with an ADI, including the Government Guarantee on deposits of up to $250,000. While this may not directly affect you as a credit cardholder, if you choose to move your everyday banking here, it’s worth knowing who you’re banking with.

What does Bank of Sydney have to offer?

While we focus on credit cards at CreditCard.com.au, we also take an interest in each provider’s wider range of financial products and services. In some cases, applying for more than one product with the same provider can offer discounts or perks, so it’s worth seeing what’s available before you apply.

Bank of Sydney is an award-winner across several categories. Its Term Deposit (online) and Everyday Saver accounts were named the nation’s best-value deposit accounts at the 2019 Mozo Experts Choice Awards, thanks to competitive interest rates and no monthly service fees. These products ranked in the top 10% of the market for delivering exceptional value to customers nationwide.

This recognition came soon after the bank’s success at Money magazine’s Best of the Best awards, where it won in the ‘Cheapest Home Loan Package – Bank’ category for its ‘Expect More Variable – Package only $100k+’ and the ‘Best Term Deposit Short Term – Bank’ category.

And its credit cards? While Bank of Sydney’s credit cards may not yet be award-winners, they have the potential to gain recognition over time. The bank currently offers two cards: one classic card and one platinum card.

The classic card features low rates and a low annual fee, providing cardholders with access to credit and a few select features, including the ability to earn cashback rewards.

For those seeking more perks, the platinum card offers additional benefits. These include cashback credited directly to a linked Bank of Sydney savings account, access to exclusive experiences through Mastercard’s Priceless Cities, concierge services via Mastercard Travel and Lifestyle Services, and complimentary overseas travel insurance.