- No annual fee
- Complimentary overseas travel insurance
- 0.5 Qantas points per $1 spent
- 6.99% for the first 6 months on balance transfers and purchases
Available to The Police Association Victoria (TPAV) members only, the BankVic Qantas Visa Credit Card is a fantastic option for those who qualify to earn uncapped Qantas Points while paying no annual fee. In terms of extras, the card offers complimentary overseas travel insurance and complimentary Qantas Frequent Flyer membership, as well as 6.99% p.a. on purchases and balance transfers for six months.
Before we go any further on this review, we should make a point of saying the BankVic Qantas Visa Credit Card is available exclusively to TPAV members who are also BankVic members. Even if you are the spouse or dependent of a TPAV member, you cannot apply for this card. However, TPAV members who apply and are approved may nominate one additional cardholder on the account.
Why is the card exclusively for TPAV members? Well, for one thing, this card is a seriously good deal. As a cardholder, you will pay no annual fee ever, while earning uncapped Qantas Points on your everyday card spending. What that essentially means is you are earning rewards while paying zip for the privilege. In credit card land, that is living the dream.
In terms of points-earning potential, the card doesn’t have the highest earn rate out there, but it is still pretty good considering its no annual fee status. You will earn:
As we mentioned previously, you can choose to add an additional cardholder to the account at no extra cost. This not only streamlines your family finances, it can also help you earn points even faster as your additional cardholder uses their card day-to-day. On top of that, you will enjoy complimentary Qantas Frequent Flyer membership if you are not yet a member.
As you accrue Qantas Points, they will be automatically credited to your Qantas Frequent Flyer Account once a month, as long as you have provided the bank with your Qantas Frequent Flyer membership number. Then you are free to do with your Points as you wish. You could redeem them for flights or upgrades, pay for Qantas insurance or goodies from Qantas Wine, or pick up something special from the Qantas Store.
Aside from its rewards program, the BankVic Qantas Visa Credit Card also has a very appealing two-part intro offer on the go. As a new cardholder, you can benefit from 6.99% p.a. on both purchases and balance transfers for six months. You can balance transfer up to 95% of your approved limit, and any amount left unpaid at the end of the intro period reverts to the purchase rate.
Really, the only fault we could find on the BankVic Qantas Visa Credit Card is the fact that application is exclusively for TPAV members. It has a reasonable purchase rate for a rewards card, and some nice perks on the side, especially for a no annual fee card. We’re only sore because it’s not available to everyone.
If you’re a TPAV member who wants to earn Qantas Points, there’s really not much point looking beyond the BankVic Qantas Visa Credit Card. You’ll be hard pushed to find another Qantas-earning card with perks such as complimentary overseas travel insurance available for no annual fee. The only thing we’d say is that, as with any rewards card, the balance should be paid off by the due date each month to avoid interest accruing, to fully enjoy all the value this card offers.
Aside from the extras we’ve already mentioned, the card also provides up to 55 days interest free on purchases as long as you pay off your balance month to month and don’t have a balance transfer on the card. As for the overseas insurance cover on offer, this extends to the cardholder’s spouse and kids when travelling together, as long as they meet the activation requirements (read the PDS for more info on this).
A seriously rewarding rewards card, the BankVic Qantas Visa Credit Card offers uncapped Qantas Points earning, complimentary overseas travel insurance, and 6.99% p.a. on purchases and balance transfers for six months – all for no annual fee.
Purchase rate 16.95% p.a.
Introductory purchase rate 6.99% p.a. for 6 months
Cash advance rate 16.95% p.a.
Interest free period on purchases up to 55 days
Balance transfer rate 6.99% p.a. for 6 months
Balance transfer revert rate 16.95% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 95% of approved credit limit
Banks you can't balance transfer from BankVic
Minimum credit limit $5000
Maximum credit limit $30,000
Annual fee $0 p.a.
Additional cardholder fee N/A
Foreign transaction fee 2%
Minimum repayment 2.5% or $20, whichever is greater
Cash advance fee $4 Gold/Silver; $1.80 Qantas Visa
Late payment fee $9
Rewards Program Qantas Frequent Flyer
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Qantas Rewards points 0.5 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
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
The BankVic Qantas Visa Credit Card is available exclusively for TPAV members.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Permanent Resident or Australian Citizen
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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