Balance Transfer Rate
Max Free Days
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Extended warranty
- Rental car excess insurance
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
Australia Citizen, Permanent Resident
- FREE DOMESTIC TRAVEL INSURANCE
- FREE INTERNATIONAL TRAVEL INSURANCE Available with an excess of A$200 on any claim
- FREE SUPPLEMENTARY CARDS
- PURCHASE PROTECTION INSURANCE Cover lasts for 90 days per year
- EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 1 year.
- RENTAL CAR EXCESS INSURANCE Covers up to $5000 per journey
Compare and review credit cards with similar features
P&N Bank is a locally-owned and -managed bank based in Western Australia, operating under a customer-owned model. P&N Bank began in 1969 as the Western Australian Police Union Cooperative Credit Union Society Limited. In 1972, the WA Nurses Credit Society Limited was established. The merger of these societies and others gave way to the establishment of P&N Bank, which was officially named in 2013.
Customers can contact P&N Bank over the phone, online or within a bank branch.
The P&N Bank Visa Platinum credit card comes with a number of benefits and complimentary extras. Cardholders have access to a 24/7 concierge service, as well as complimentary insurance for international travel, interstate flights, extended warranty, purchase security and transport accident.
This credit card also comes with access to Visa Premium, with hundreds of offers and promotions on travel, lifestyle, entertainment and more. A free additional cardholder can also be added at no extra cost.
The P&N Bank Visa Platinum credit card also has a moderately low interest rate, which is unusual for a platinum credit card. The same moderately low rate also applies to balance transfers on this card. Cardholders will be liable for a moderate annual fee to keep the card, as well as the standard high interest rate on cash advances.
- Complimentary insurances
- Free additional cardholder
- Moderately low interest rate
- Annual fee
- Moderately low interest-free days
- No rewards points
Who is it good for?
The P&N Bank Visa Platinum credit card has many insurance perks for travel and retail purchases. It also comes with access to Visa Premium, with a number of offers on travel and lifestyle. These perks make this credit card more suitable for frequent flyers who are looking for additional lifestyle benefits.
The extended warranty and purchase protection insurance could also make this card a useful addition for customers who are already accustomed to putting the majority of their everyday and retail purchases on a credit card, and offer some extra protection too.
The moderately low interest rate could make this card a safer option for customers who don’t necessarily pay off their credit cards in full each month, especially if they currently have a high interest card. However, there are also a moderately low number of interest-free days with this credit card.
What RateCity says
The P&N Bank Visa Platinum credit card offers a surprisingly low interest rate for a platinum credit card, but this is partially offset by the moderately low number of interest-free days each billing cycle. So even if the interest rate is lower, it will start accruing a little sooner than with other cards.
This credit card also comes with a generous suite of complimentary insurance products, with a focus on travel and retail. These perks both benefit cardholders, as well as encourage more spending on the credit card.
There is a moderate minimum credit limit on this card, so it may not be accessible to people of all income levels. And with a number of lifestyle perks, including a 24/7 concierge and access to entertainment offers via Visa Platinum, this credit card is definitely designed for customers who are seeking the VIP treatment.
To apply for the P&N Bank Visa Platinum credit card, you must be at least 18 years old and hold an Australian residential and mailing address. You also need to become a P&N Bank member, by purchasing a small share, which can be deducted from your account. New members will need to provide a number of personal and employment details, including income, current and previous employers, as well as your assets and liabilities.
About the lender
P&N Bank was established in 1990 as a result of a merger between the Western Australia Nurses Credit Society and the Police Credit Society of Western Australia. This organisation only became a mutual bank in 2013, after receiving approval. Today, P&N Bank is headquartered in Perth and the largest bank operating in Western Australia, with a network of 14 branches throughout the state and employing over 300 people. Products include credit cards, home loans and bank accounts.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
You can apply for a credit card online, over the phone or in person at the bank. Once you’ve compared the current credit card offers, the application process is quick and easy. Before you get your application started, you’ll need to gather your personal information like proof of ID, payslips and bank statements, proof of employment and details of your income, assets and liabilities. To be eligible for a credit card, you’ll need to be an Australian citizen over 18 and earn a minimum of $15,000 each year. Once you’ve applied for a credit card, you should get a response fairly instantly. If your credit card application has been approved, you should receive a welcome pack with your new credit card within 10-15 days.
A credit card can be an easy way to make purchases online, in person or over the phone. When used properly, a credit card can even help you manage your cash flow. But before applying for a credit card, it’s good to know how they work. A credit card is essentially a personal line of credit which lets you buy things and pay for them later. As a card holder, you’ll be given a credit limit and (potentially) charged interest on the money the bank lends you. At the end of each billing period, the bank will send you a statement which shows your outstanding balance and the minimum amount you need to pay back. If you don’t pay back the full balance amount, the bank will begin charging you interest.
Think of credit cards as a short-term loan where you use the bank’s money to buy something up front and then pay for it later. Unlike a debit card which uses your own money to pay, a credit card essentially borrows the bank’s money to fund the purchase. When you apply for a credit card, the bank assesses your income and assigns you a credit limit based on what you can afford to pay back. At the end of each billing cycle, which is usually monthly, the bank will send you a statement showing the minimum amount you have to pay back, including any interest payable on the balance.
Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.
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.
It’s important to cancel your old cards to avoid any additional fees. Unless you’re doing a balance transfer, you’ll need to pay the outstanding balance before you cancel your credit card. If you’ve opted for a card with reward points, make sure you redeem or transfer the points before you close your account. To avoid any bounced payments and save yourself an admin headache, redirect all your direct debits to a new card or account. Once you’ve done all the preparation, call your bank or credit card provider to get the cancellation underway. Once you receive a confirmation letter, destroy your card and make sure the numbers aren’t legible.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.
A credit card is a payment method which lets you pay for goods and services without using your own money. It’s essentially a short-term loan which lets you borrow the bank’s money to pay for things which you can pay back – potentially with interest – at a later date. Credit cards can also be used to withdraw money from an ATM, which is known as a cash advance. Because you’re borrowing money from a bank, credit cards charge you interest on the money you use (unless you repay the entire debt during the interest-free period). When you apply for a credit card, the bank gives you a credit limit which sets the maximum amount you can borrow using your card. Credit cards are one of the most popular methods of payments and can be a convenient way of paying for goods and services in store, online and all around the globe.