- 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
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Great Southern Bank Credit Cards
Great Southern Bank Low Rate Credit Card
Updated 13 December 2022
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)
N/A
Annual Fee (p.a)
$0 first year. Then $49 p.a.
Pros and cons
- No balance transfer offer or purchase offer as of this time
Creditcard.com.au review
Editor Review
Great Southern Bank Low Rate Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline 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.
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...
The first thing to keep in mind with the Great Southern Bank Low Rate Credit Card is that it’s meant to be a no-frills card. While this may not be for everyone, the card’s simplicity may work for others, especially those who want to focus on low rates.
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. Plus, you can add up to nine additional cardholders at no extra cost.
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 low ongoing interest rates.
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
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
- 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
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question28 questions (showing the latest 10 Q&As)
Is there interest on the balance transfers
Hi Rachel, this card from Great Southern Bank doesn't offer a balance transfer. If you need to transfer a balance, you can compare a range of balance transfer credit cards to get started. Hope this helps!
I am a pensioner. So my weekly income is just the pension. however if I was to transfer a lump sum into your credit union would you consider issuing me a credit card.
The reason I ask is that some companies overseas will only take a credit card as deposit assurance (ie car hire in Ireland) They will not take even a Mastercard debit card and demand a Credit card. I will discuss details of this if there is any chance of a credit card being issued.
It seems ridiculous to me that I can have assets over $1 m and can't get a $10,000 credit card from most of the established banks, they are completely inflexible on this. --- Bruce
Hi there, you're on creditcard.com.au which is a comparison site and not Great Southern Bank itself. But, I can help you a little bit. It is harder for pensioners to get credit cards these days because of the ways banks view income (ie, some may see pension as riskier than PAYG or self-employed income). I write about this in more detail on this blog for pensioners. Unfortunately its hard to know which bank will grant a card without applying. You're going down the right track by looking at low rate cards, as they will usually have easier eligibility criteria. All the best!
Is there a daily spending limit on this credit card? Does it include pending payments?
Hi Denise, with Great Southern Bank Low Rate credit card, the maximum transaction limit for individual purchases is the same as your approved credit limit, however, no daily spending limit is specified in their Credit Card Conditions of Use and Credit Guide. Typically, pending payments will not be treated as made until the date on which those payments are applied to your account so until then, they will not be added to your available credit limit. Hope this helps!
Hi am i able to qualify for credit card please /
Hi Matthew, that’s a great question! You’ll need to make sure that you’ve met the criteria that Great Southern Bank has set out, understood the T&C’s and read the TMD. You can head over to Great Southern Banks website to find out more and apply.
Do you get free travel insurance with your credit card
Hi Andrew, this card does not have complimentary travel insurance. Here’s some other credit cards with free travel insurance that you can compare. Let us know if you have any other questions!
Balance transfer credit card application query
Hi Bek, please let us know how we can help?
I am looking for a loan, then I thought maybe a credit card to help me pay for upcoming dental bills. What can be my credit limit and amount I need to pay back, either fortnightly, weekly, or monthly
Hi Sonia, you’ve actually reached Creditcard.com.au, Australia’s leading credit card comparison and information site. Technically, you can use a credit card to pay for your dental bills. Your credit limit is set by factors like your yearly income, ability to pay, other debts etc. You can use our credit card comparison tool to see the different cards and their current offers for your options. You can use our credit card repayments calculator to find out your estimated payments.
At present I have a savings account with You and a credit card and savings with suncorp. I have a limit of 5000 and a balance owing of 4,000. I am on aged pensioner living with my daughter. At present my interest I believe is 21.9% would I be able to transfer what I owe and get one of your credit cards. I would like to keep the 5000 limit and cancel my other card. Thanking you for your time. Any help would be great. Thank you.
Hi Jo, thanks for your comment. Just to clarify you’ve come through to CreditCard.com.au not Great Southern Bank. For more information you can turn to our guide to credit cards for pensioners. We break down the requirements for the big 4 among others to help increase your chances of getting approved.
BBC
15 February 2022Ease of application, great service and attention to detail. The special thing I like about this card is deposits are immeditly transfered! Best interest rate going with no interest on balance transfers for 33 months. What’s to loose.
Recommends this cardCynthia
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