No Annual Fee Visa
Virgin Money Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Balance Transfer0% p.a. for 22 months on balance transfers. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 points per month).
Balance Transfer Rate
Max Free Days
- No Annual Fee
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
NO strict minimum income, all circumstantial
457 Visa holder
- Free Supplementary Cards
Compare and review credit cards with similar features
The bank offers a number of credit cards alongside personal finance products such as bank accounts, home loans and personal loans.
Although Bank of Melbourne branches are limited to Victoria, customers can also get service at St George Bank and SA Bank branches in other states, and access their ATM networks.
The Bank First Visa Platinum credit card offers a very low interest rate for purchases and balance transfers for a moderate annual fee.
Complimentary overseas travel insurance is available for cardholders, as is exclusive access to Visa Platinum 24/7 Concierge Services.
If the credit card is lost while you’re on holidays, an emergency overseas replacement card is provided at no charge.
This Visa provides a moderate number of interest-free days and a moderately high interest rate on cash advances.
Additional cardholders can be included on the primary account. There is no annual fee for the extra cards; each person with a card needs to be at least 16 years old.
Other features that come with this credit card include Visa Platinum Entertainment offers and Visa payWave for contactless transaction less than $100.
- Free additional cardholders
- Very low interest rate
- Moderate annual fee
- No points or rewards
- Late payment fee
- No 0% balance transfers
Who is it good for?
If you want a credit card with a very low interest rate on purchases, the Bank First Visa Platinum credit card may be a suitable option.
If you’re an existing Bank First customer with an eligible home loan, the annual fee for this Visa credit card is waived.
There is no points or rewards program attached to this credit card. If earning points from your credit card is important, the Bank First Visa Platinum may not be suitable.
If you like to travel and want a low-rate credit card, this card might tick both of those boxes. Complimentary overseas travel insurance plus a 24/7 concierge service is available to you.
You can have additional cardholders at no extra cost. Each cardholder can use the Visa card wherever Visa is accepted.
What RateCity says
This is a low-rate credit card with a little bit extra. The Bank First Visa Platinum credit card offers a very low interest rate on purchases and complimentary overseas travel insurance.
Not only that, it provides cardholders with exclusive Visa Platinum 24/7 Concierge Services. It might suit the not-so-frequent flyer who doesn’t need to accumulate points.
Another fringe benefit is a free emergency overseas replacement card. Cardholders also get automatic access to Visa Platinum Entertainment offers.
This Visa card has a moderate annual fee and a moderate number of interest-free days. There’s no 0 per cent interest on balance transfers, although the rate is very low.
Being a Visa card means it comes with all the standard Visa security features and protections. This card doesn’t have digital wallet facilities such as Apple Pay available.
To be eligible for the Bank First Visa Platinum credit card you must be 18 years of age. You also need to be an Australian citizen or permanent resident of Australia. You need to be in paid employment and not previously bankrupt. Information to have on-hand for your application includes evidence of income, assets and liabilities. You can verify your identification with a driver’s licence, Medicare card and passport. You can apply online, over the phone or in a branch.
About Bank First
Bank First – formerly Victoria Teachers Mutual Bank – was founded in 1972. Bank First has more than 100,000 customers and over $2 billion in assets. Bank First is a customer-owned bank with no external shareholders. Each customer owns an equal share of the organisation, and profits are reinvested back into the business. This mutual bank offers everyday banking services, loans, insurance and financial planning. Its head office is located in Melbourne.
Pensioners can get credit cards with certain banks – if they can convince the bank they’re credit-worthy. Here are some points to consider if you are a pensioner looking for a credit card:
Annual income: Look for a credit card for which you easily fall within the minimum annual income requirements. This can be from the pension, superannuation or any other sources.
Annual fees: If high fees are a concern for you, opt for a card with a low or $0 annual fee. You want to make it as easy as possible to fit a credit card into your current lifestyle and spending habits.
Interest rate: Make sure you won’t have any nasty surprises on your credit card bill. Choose a card with a low interest rate to minimise risk (to both yourself and the bank – and this will help your application).
Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.
The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.
Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.
Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.