Visa Platinum

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Basic

Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
45
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$0
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
1
Annual Fee
Annual Fee
$80
Late Payment Fee
Late Payment Fee
$5
Over limit fee
Over limit fee
$5
Duplicate statement fee
Duplicate statement fee
$6
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
45
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$0
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
1
Annual Fee
Annual Fee
$80
Late Payment Fee
Late Payment Fee
$5
Over limit fee
Over limit fee
$5
Duplicate statement fee
Duplicate statement fee
$6
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
11.49%
Cash advance rate
Cash advance rate
19.99%
Purchase Rate
Purchase Rate
11.49%
Cash advance rate
Cash advance rate
19.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
Transfer Limit
Transfer Limit
100%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
Transfer Limit
Transfer Limit
100%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$14
for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$14
for AU $300 withdrawal

Rewards

Program name
Program name
Rewards Available
Rewards Available
Program name
Program name
Rewards Available
Rewards Available

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
$50,000
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
$50,000
Eligibility conditions
Eligibility conditions

Perks

  • Concierge
  • Extended WarrantyWarranty is extended for the same duration as the original warranty up to 1 year.
  • Free Domestic Travel Insurance
  • Free International Travel InsuranceAvailable with an excess of A$200 on any claim
  • Free Travel Insurance Days
  • Purchase Protection
  • Rental Car Excess InsuranceCovers up to $5000 per journey
  • Free Supplementary Cards

Features

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.

Pros
  • Complimentary insurances
  • Free additional cardholder
  • Moderately low interest rate
Cons
  • 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. 

Applying/eligibility

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.

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