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Credit Card Key Fact Sheet

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Credit Card Key Fact Sheet

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This information sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Description of credit cards

Product Name Visa Classic Card Visa Platinum Card

Minimum credit limit

$500 $6,000 
Minimum repayment 2% of the closing balance outstanding, or $10, whichever is greater. If the closing balance is less than $10, it must be paid in full. 2% of the closing balance outstanding, or $10, whichever is greater. If the closing balance is less than $10, it must be paid in full.
Interest on purchases 11.99% p.a. 18.49% p.a.
Interest-free period Up to 55 days on purchases only. Up to 55 days on purchases only.
Interest on cash advances 19.49% p.a. 19.49% p.a. 
Promotional interest rate 6.99% p.a. for 6 months from card approval on purchases only. 6.99% p.a. for 6 months from card approval on purchases only.
Promotional balance transfer interest rate 0% p.a. for 6 months. Purchase interest rate applies thereafter. 0% p.a. for 6 months. Purchase interest rate applies thereafter.
Annual fee $49 $129
Late payment fee $10 $10

Current as at: 22/01/2014

There may be circumstances in which you have to pay other fees. A full list of current fees applicable to these credit cards can be obtained here.

For more information on choosing and using credit cards visit the ASIC consumer website at www.moneysmart.gov.au.  The terms on which these Credit Cards are offered can change over time. You can check if any changes have been made by visiting www.banksyd.com.au/creditcardkeyfactsheet or by contacting us on 1300 888 700.