How to Apply for your Bank Australia Platinum Rewards Visa Credit Card

The Platinum Rewards Visa Credit Card from Bank Australia exemplifies the modern approach to premium credit, blending exceptional rewards with a strong stance on ethical finance. As a customer-owned bank, Bank Australia stands apart in the financial services landscape, operating with a clear focus on benefiting members, society, and the environment. This card is a compelling choice for Australians seeking not just superior financial tools but also a way to direct their banking towards positive change.

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Designed for those who appreciate travel, shopping, and financial flexibility, the Platinum Rewards Visa Credit Card delivers a host of lifestyle and security features. Cardholders are welcomed into a universe of Qantas Points, complimentary international travel insurance, robust online and app-based management tools, and up to 55 days interest-free on purchases. A minimum credit limit of $1,000 ensures accessibility, while advanced digital banking technologies promise simple, secure, and immediate account control—even when traveling or shopping online.

Advantages of the Platinum Rewards Visa Credit Card

This card is engineered to deliver a high level of value, ease, and security to its users. Among its most attractive features are:

• Rewarding Earn Rate: Earn 0.75 Qantas Points per $1 on eligible purchases (up to 20,000 Qantas Points per statement period), feeding directly into the popular Qantas Frequent Flyer program.
• Complimentary Insurance: International travel insurance is automatically available (subject to terms and criteria), lending greater peace of mind during trips abroad.
• Ethical Banking: Every payment supports Bank Australia’s clean money policies, contributing to social and environmental causes.
• Modern Controls: Full digital management, instant card locking, and real-time notifications guarantee top-tier account security and convenience.

The card’s combination of premium rewards, advanced technology, and ethical backing makes it notably competitive among Platinum Credit Card Australia offerings.

Comprehensive List of Benefits

• Qantas Points Accrual: Earn 0.75 Qantas Points for every eligible dollar spent. Redeem for flights, seat upgrades, or shopping in the Qantas Store, unlocking valuable travel and lifestyle rewards.
• Complimentary Qantas Frequent Flyer Membership: Join Qantas Frequent Flyer without the usual $99.50 fee, if you are not already a member. This benefit is non-transferable and subject to Qantas approval.
• Annual Points Cap: Earn up to 20,000 Qantas Points per monthly statement cycle (excluding bonus points), encouraging responsible and strategic usage.
• Complimentary International Travel Insurance: Automatic cover for eligible cardholders—read the Policy Information Booklet for inclusions, exclusions, and eligibility requirements.
• Card Security Controls: Instantly lock or unlock your card from the banking app or online platform, preventing misuse or reacting quickly to a lost card.
• Instant Transaction Notifications: Receive real-time alerts for every transaction, improving awareness and reducing fraud risk.
• Purchase Protection: Enjoy purchase protection on eligible items, providing further peace of mind for major purchases (see terms for details).
• Visa Click to Pay Compatibility: Simplified, safe online checkout for seamless e-commerce.
• Up to 55 Days Interest-Free: Structure your payments to maximise cash flow and minimise interest cost so long as the prior balance is cleared monthly.
• Instant Transfers: Move funds between your Bank Australia accounts instantly, making payments quick and effortless.

Card Application Requirements

Applicants for the Platinum Rewards Visa Credit Card must:

• Be aged 18 years or older;
• Reside in Australia, either as a permanent or temporary resident;
• Have a regular, verifiable source of income;
• Meet Bank Australia’s normal lending criteria, including suitable credit history.

Applicants are encouraged to read the Product Disclosure Documents and the Key Fact Sheet for full terms and conditions before proceeding.

About Bank Australia

For over seven decades, Bank Australia has positioned itself as the country’s foremost customer-owned and sustainable bank. With roots dating back to the 1950s credit union movement and a modern rebrand in 2015, Bank Australia is renowned for championing clean money and ethical banking.

Key characteristics include:

• Customer-owned, ensuring profits benefit members rather than external shareholders.
• Strong commitment to environmental and social responsibility—no lending to fossil fuels, investment in conservation, and a Certified B Corporation status.
• Recognition as a leading responsible financial institution, consistently winning industry awards.
• Modern, nationwide banking with digital-first services, supporting more than 185,000 Australians.

Customers of Bank Australia are empowered to bank with a conscience, supporting community and sustainability every time they transact.

Who Is This Card For?

The Platinum Rewards Visa Credit Card targets individuals who require more than simple credit—they want performance, flexibility, and values alignment. It suits:

• Affluent individuals and frequent travelers aiming to maximise rewards from substantial everyday and travel-related spending.
• Digitally-engaged consumers who demand real-time account management and robust security features.
• Ethically-minded Australians who wish to support banking with social and ecological impact.
• Professionals and families looking for robust benefits in travel insurance, purchase protection, and practical rewards.

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Step-by-Step Guide: How to Apply

• Visit the official application page: Apply for the Platinum Rewards Visa Credit Card.
• Check eligibility and prepare your identification, proof of income, and residency documents.
• Complete the application form, providing accurate personal and financial information. Choose your preferred credit limit (minimum $1,000).
• Wait for your application to be assessed; Bank Australia may contact you for further details or clarification.
• Upon approval, receive your card by mail. Activate via mobile app, online banking, or phone support.
• Download the Bank Australia Banking App for efficient daily management (Android: here, iOS: here).
• Review and accept the terms. Begin using your card—earning Qantas Points with every eligible purchase!

Platinum Rewards Visa: Credit Limits Explained

• Initial Credit Limit: Minimum $1,000. This ensures flexibility while offering responsible starters an entry point.
• Minimum Credit Limit: $1,000 (providing access for a range of applicants without being exclusionary).
• Maximum Credit Limit: Determined by Bank Australia after assessing your income, expenses, and creditworthiness.

Applicants can nominate their preferred limit during the application, but approval rests on bank assessment.

Rewards Program Details

• Earn Rate: 0.75 Qantas Points per $1 spent on eligible purchases.
• Annual Cap: 20,000 Qantas Points per statement period (bonus points are excluded from this cap).
• Qantas Frequent Flyer: Free joining for new members (Qantas usually charges $99.50).
• Redemption Options: Classic Flight Rewards, upgrades, purchases at the Qantas Store for travel, homeware, tech, and more. (Store redemptions only for Australia and New Zealand delivery addresses.)
• Travel Perks: International travel insurance (covers, limits, and exclusions apply—always consult policy docs).

Rewards are particularly valuable for frequent flyers and those who appreciate choice in redemption options. For full programm rules, see the rewards terms and conditions.

Pros and Cons

Pros:

• Strong points earn rate with popular Qantas program.
• Excellent travel insurance and purchase protection built-in.
• State-of-the-art control and security features (instant lock/unlock, notifications).
• Supports eco-friendly, customer-first banking values.

Cons:

• 20.24% p.a. interest rate is high—carrying a balance will be costly.
• No intro balance transfer rate or purchase rate offer—a negative for deal-seekers.
• Points cap (20,000/month) may limit high spenders’ benefit.
• Complimentary insurance is subject to activation criteria and exclusions; not all travel or purchases may be covered.
• Annual fee (refer to official documents) applies—but may be outweighed by value provided if maximised.

How to Activate the Card?

After receiving your Platinum Rewards Visa Credit Card,

• Log in to your Bank Australia online banking or app.
• Navigate to “Manage Cards” and follow prompts to activate.
• Optionally, call customer service for guided activation.

Set up your card for Apple Pay or Google Pay for even more secure, contactless transactions.

Fees and Charges

• Interest Rate: 20.24% p.a. (variable) on purchases.
• Annual Fee: Refer to schedule of fees for current annual cost.
• Interest-Free Days: Up to 55 days on purchases, if the balance is paid in full by the due date.
• Other Fees: Late payment, cash advance, and overseas transaction fees may also apply.
• Minimum Repayment: As specified monthly on your statement.

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Customer Service and Contact

• Website: Platinum Rewards Visa Credit Card – Bank Australia
• Phone: 132 888 (within Australia)
• International: +61 3 9854 4666
• Email: [email protected]
• Bank App: Android | iOS
• Online Chat: Available via bank website

For more details, official disclosures, or to begin your application, visit this page or use their banking app for digital convenience.