Investec Australia launches bonus points credit card offer for IFAs

Specialist bank Investec Australia is ramping up its holistic banking offer to financial planners, offering 100,000 Qantas Points to new credit card clients who are approved for an Investec Signature Card during the month of July and spend over $15,000 within 3 months.

For clients who take out a Platinum credit card in July, Investec are offering 50,000 Qantas Points if they spend $5,000 or more within 3 month.

The new credit card offer forms part of Investec’s suite of exclusive personal banking offers for financial advisers, following the announcement earlier this year of discount mortgage rates specifically for IFAs.

Investec Australia’s Head of Adviser Services, Gareth Bird, said the credit card offer cemented the bank’s commitment to providing advisers with tailored personal banking solutions designed specifically for this market.

“Our pedigree as a specialist lender puts us in the perfect position to offer more flexible, responsive banking offerings to advisers. We see the credit card offer as a natural extension of that, rewarding our adviser clients with a unique personal banking experience they may not get from their usual lender,” he said.

The announcement also follows the news in early April that Investec’s Professional Finance business has been acquired by BOQ. Mr Bird said the sale would provide further opportunities for the bank to offer new and innovative personal banking products for advisers.

“The Bank of Queensland acquisition provides the ideal infrastructure and balance sheet for us to broaden the scope of our banking offering to advisers, and we expect to offer a broader range of banking products and services in the near future,” he said.

In addition to preferential home loan rates, Investec Australia offers a number of bespoke personal banking solutions for the adviser market including LMI-free mortgage options, commercial property lending for SMSFs, and vehicle finance.

“As experts in this space we have been able to tailor a number of banking products specifically for advisers,” Mr Bird said. “Our six year history of working closely with adviser clients has given us the specialist insight to be able to build a banking offering for advisers themselves.”