Classic Visa

Features

The P&N Bank Classic Visa credit card has a moderately low interest rate on both purchases and balance transfers, accompanied by a moderate number of interest-free days. The card charges a moderately low annual fee, which is not waived in the first year. This card also charges a low late payment fee.

The P&N Bank Classic Visa card does not have an associated rewards scheme, which means that card holders cannot earn rewards points or frequent flyer miles.

This card takes several security precautions to protect against fraudulent and unauthorised card transactions. Verified by Visa helps customers make safe online purchases, while Visa Zero Liability ensures that card holders are not held responsible for fraudulent purchases.

The P&N Bank Classic Visa credit card is enabled with Visa payWave for quick and convenient payments under $100.

Who is it good for?

The P&N Bank Classic Visa credit card may be a practical choice for current P&N Bank customers in search of a no-fuss card with relatively low rates and fees. This card charges a moderately low interest rate, which applies to both purchases and balance transfers. The card has a moderately low annual fee, but this fee is not waived in the first year.

With its moderately low interest rates, the P&N Bank Classic Visa card may be suitable for those that struggle to clear their credit card debt each month. The card charges a low late payment fee, which may be helpful for budget card holders.

This credit card is not well suited to customers who want to be rewarded for their spending. The card does not have an associated rewards scheme, which means card holders do not earn any points, cash back benefits or frequent flyer miles. 

What RateCity says

While the P&N Bank Classic Visa credit card may be a reasonable card for current P&N Bank customers, it offers few advantages to budget customers and rewards-seeking customers.

This card charges a relatively low interest rate and offers a moderate number of interest-free days. The moderately low interest rate applies to purchases as well as balance transfers, but customers who wish to transfer their debt can find cards with an introductory balance transfer deal. These deals may include 0 per cent interest for a number of months.

The P&N Bank Classic Visa credit card does not offer a rewards scheme, which may deter rewards-seeking card holders. Customers in search of spending compensation should consider the type of rewards that suit them and apply for a card that fits their preferences.

Applying/eligibility

To be eligible for the P&N Bank Classic Visa credit card, you must become a member of P&N Bank with a one-off fee. You must also be at least 18 years old and have an Australian mailing and residential address. When completing the secure online application, you’ll need to provide income details, employer contact details, and details of your assets and liabilities. Applicants can apply online, over the phone or in person at a P&N Bank branch. 

About P&N Bank

P&N Bank is Western Australia’s largest customer-owned bank. Headquartered in Perth, P&N Bank has been serving Australians for almost three decades. P&N Bank offers a range of personal and business banking solutions including credit cards, insurance, financial planning, bank accounts, term deposits, home loans and personal loans. Customers can contact P&N Bank on their web chat service, through an online enquiry or over the phone. Customers can find P&N Bank branches across the country.