- 0% p.a. on balance transfers for the first 25 months with no balance transfer fee. New customers only.
- No annual fee the first year; $49 p.a. thereafter
- Low purchase rate of 11.99% p.a.
- Up to 55 days interest free on purchases
- Up to 9 additional cardholders at no extra cost
- 24-hour fraud monitoring
- Eligible with Apple Pay and Google Pay
Hi, we spend most of our time trying to help people and we will answer your question within a business day.
NAB Low Rate Credit Card
0% on balance transfers for 32 months
No BT fee. $0 annual fee for first year. T&Cs apply.
Great Southern Bank Credit Cards
Great Southern Bank Low Rate Credit Card
Updated 25 October 2021
Formerly known as CUA Low Rate Credit Card
Enjoy 0% p.a. for 25 months on balance transfers with no balance transfer fee. Save with $0 annual fee for the first year ($49 thereafter), low ongoing purchase interest rate of 11.99%, and up to 55 days interest free on purchases. Plus, you can add up to 9 extra cardholders for free. T&Cs apply.
Purchase Rate (p.a)
11.99%
Balance Transfer (p.a)
0% for 25 months
No balance transfer fee.
Reverts to 21.74% p.a.
Annual Fee (p.a)
$0 first year. Then $49 p.a.
Pros and cons
- After 25 months the balance transfer rate reverts to 21.74% p.a.
Creditcard.com.au review
Editor Review
Great Southern Bank Low Rate Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The Great Southern Bank Low Rate Credit Card
If you are looking for a simple low rate card with a low annual fee, the Great Southern Bank Low Rate Credit Card ticks those boxes. The rate on purchases is a low 11.99% p.a. and the annual fee of $49 is waived the first year.
What we love...
First up, the purchase rate which is up there with the lowest in the market. You also get the standard up to 55 days interest free on your purchases if you don't carry a balance on the card. If you need to move over an existing credit card debt from another bank or issuer, you can take advantage of the introductory balance transfer offer of 0% p.a. for the first 25 months. There is no balance transfer fee to pay and while it is not the longest 0% balance transfer offer available, you still have 25 months to pay off your debt. Don't leave it on there any longer though as any unpaid balance after this period will accrue the cash advance rate of 21.74% p.a.
For the low $49 annual fee you can add up to 9 additional cardholders at no extra cost. The annual fee is waived the first year.
What’s not so great...
As mentioned previously, the balance transfer offer reverts to the high cash advance rate after 25 months.
Why should you choose this card?
If you are looking for a low rate credit card with a low annual fee then this card might be for you.
Overall Rating
An excellent low rate credit card providing a low annual fee of $49 p.a. which is currently waived the first year and a long 0% for 25 months on balance transfer.
User reviews
Rates and fees
Interest rates
Purchase rate 11.99% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 25 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from Great Southern Bank
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $49 p.a.
Additional cardholder fee Up to 9 at no extra cost
Foreign transaction fee 3.4%
Minimum repayment 3% or $35 (whichever is greater)
Annual fee the first year $0
Cash advance fee 2% or $3.50, whichever is greater
Late payment fee $12.50
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay and Google Pay
Overview
Great Southern Bank Low Rate Credit Card
A simple low rate credit card with no annual fee in the first year. The Great Southern Bank Low Rate Credit card has the standard features you’d expect from a low rate credit card, including a low on-going purchase rate, up to 55 days interest free when you don’t carry a balance. With this card you’ll also be banking with a customer-owned financial institution. Pay an annual fee of only $49 (waived first year).
Key features
- 0% p.a. on balance transfers for the first 25 months with no balance transfer fee. New customers only.
- Annual fee of $49 - waived first year
- Low purchase rate of 11.99% p.a.
- Up to 55 days interest free on purchases
- Up to 9 additional cardholders at no extra cost
- 24-hour fraud monitoring
- Eligible with Apple Pay and Google Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Resident or citizen of Australia
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question18 questions (showing the latest 10 Q&As)
Am I eligible to apply for this card?
Hi John Henry, each credit card has its own set of eligibility requirements. I suggest checking Great Southern Bank Low Rate credit card’s eligibility to see if you meet their criteria. Banks are now also required to produce a Target Market Determination to show you who their products are suitable for. Hope this has helped!
can i apply without coming in?
Hi Cliff, thanks for your question! Yes you may apply online and not enter a branch. Currently, we don’t have access to this card but you can go directly to the CUA web site and apply online.
Hi
My husband has recently discharged from Bankruptcy but has a very high income he entered bankruptcy before getting a well paid job.
even though he entered a Part10 bankruptcy he has had to make large monthly contributions for the last two years based on his wage
in order to build his credit up again he has been advised he will have to hold low credit ie: a credit card .
my question is where is the best place to look at for a credit cared after bankruptcy ?
Hi Tiff and Nate, thanks for your question and for the information. If he hasn’t already, the first thing to do in this case is order a copy of his credit file online. I suggest checking the article we’ve written for tips and information on Your Credit Score And How To Build It, as well as the list of credit cards we made that could help you build your credit. There is anecdotal evidence that shows holding a bank account and other products with one institution can show positive signs. It’s also important to keep on top of bills and any utility accounts too. Thanks again!
Hi, If I was to apply for the balance transfer, what information is going to be asked for, is it bank statements or just payslips?
Hi James, thank you for writing. You need to apply for a balance transfer during the time of card application. You will be asked to provide documents like proof of Identity (such as a drivers licence), employment and income details (such as a payslip), and expenses, assets and debt details. Hope this helps.
Does CUA Low Rate Credit Card have the reward program??
Hi Alison, the CUA Low rate credit card doesn't feature a rewards program. If a rewards program is important to you, you can compare a range of rewards cards. Thanks for your question!
if i transfer $3,500 to cua from my current card with 20 months 0% how much a month do i need to pay it of
Hi Leonardo, if you're planning to pay your full balance off in equal instalments you'd need to pay ($3,500 + $49)/20 = $177.45 per month. I've added the $49 annual fee for the second year, it's waived for the first year. I hope that helps.
Hi Roland, I have a credit card for $12000 with a balance of $10000. If I was to apply for CUA Low Rate Credit Card - would my application be accepted for a $12000 CUA card or would the credit amount offered be less. I have a good credit rating & in full time employment
Hi Nicki, unfortunately I can't tell you if your application would be accepted or how much credit you would be offered. It is up to CUA and depends on their lending criteria, which includes evaluation your income and your expenses. If you're planning to balance transfer the $10,000 and close the current card, remember that you'd need to be approved for a credit limit of at least $12,500 to move the entire amount. If you're not approved for the full amount, you will need to pay off the remainder on the existing card as well before closing it. A tip for increasing your chances of approval is to lower any existing unused credit amounts you have.
Hloo sir hope u r safe &doin well during this pandemic time my question is how much minimum credit limit for this one and what all documents I need as I m an international student
Hi Akilesh, this card is not for international students. I would look at something like the ANZ Low Rate. You need at least 9 months left on your Visa. Details to have handy: Australian driver’s licence number (if you have one). Details of your income, expenses, assets and liabilities. Two recent pay slips for income verification. If you’re self-employed, you’ll need your accountant’s phone number. Details of your living expenses, such as regular bills. ANZ account number or Customer Registration Number (if you have one). Your email address
Say If I do the balance transfer of amount $10000 for $15000 card approval... how much monthly instalments it would be? being 13 months on 0% interest.
Hi Sreedhar, if you balance transfer $10,000 and do not spend anything else. Minimum repayment is 3% per month. Therefore you would pay at least $300.
Hi, i am on a bridging visa which means my visa has an indefinite expiry date, from researching ive seen that most credit cards have a minimum 9 months of visa validity, i am wondering if i am eligible for the CUA Low Rate Credit Card or any other credit card, hope to hear back from you, Cheers!
Hi
I have bud record is possible is possible apply for secure credit card for 1000 dollars thanks
Hi Luis, if you have bad credit, then its very unlikely that you will get approval for a new credit card. Even $1000 limit may be a challenge. If you have not applied for credit in 6 months. Plus have good income v expenses, assets v liabilities. Then you can have a go and see. There are no bad credit credit cards in Australia.
Hi Roland,
Do you know any lenders who offer a cheque to self balance transfer. I know that citi bank use to do one and it was super convenient. Curious to know if any other banks have offered this an option in the past? Or would again in the future?
Hi Peter, it is only Citi that offer this. I believe CUA is a Citi issued card. Though I am not sure of the process with CUA.
Hi Roland
I have changed banks to CUA from CBA and have got the CUA rewards card. I suspect it is quite lame, as we are used qantas points on a CBA package. We are thinking of ditching the CUA cards once the home loan is settled. We are after points , virgin points specifically now.
Hi Peter, it is true that CUA cards are not great for rewards. In saying that CBA are not good as well. For the card that is best. It would be based on your monthly spend. Let me know what you expect this to be. Then I can provide some refined options. The Virgin Velocity High Flyer comes to mind straight away. At 1 point per $1 spend on a Visa up to $8,00 per month. This could work.
Iam a pesioner and receiving 907.20 dollars pesion per forthnight. I live with my son and family and daily expenses are being shoulder by them. Will i qualify to apply for a credit card?
Hi Maura, CUA do not see the pension as income. Therefore you would need income from other sources to apply. I would try cards like the St George Vertigo where they can see the pension as income.
If i have a credit card limit of $5000 what is the amount i can draw out in cash
Hi Betul, you can pull out cash up to your available credit limit, inc any fees. Therefore if you had the full $5,000 available, then you could pull out near that amount as you have to factor in any fees.
What is the max initial credit limit on this card?
Hi Eric, there is no set max initial limit. The credit limit will be defined by CUA at the point of application. Bottom line this is not a high end card so limits are not likely to be huge. If you are looking for higher credit limits then you need to look at a more premium low rate card e.g. St George Vertigo Platinum
I have my cua account and with a platinum master card with Citibank. I want another credit card as my platinum has been fraudently used several times. This is inconvenient as then I have no card until it is replaced. Can u have 2 accounts?
Hi Elaine - I don't think you can have 2 accounts for the same card but you can have 2 cards, be it that they may be with a different bank or with a different product through CUA. I have a number of cards myself with different banks. I know it is annoying when 1 is cancelled and you have to wait.
do you have a card with min of $500
This card as a $2,000 minimum
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Cynthia
28 January 2013The difference with this low rate card is the purchase insurance - if you use your card alot you can get some really good value on the protection thrown in - theft, loss or damage up to 90 days after you\'ve bought something
Recommends this card