- Earn 1 Platinum Rewards Point per $1 spent on Mastercard
- Redeem your points for gift cards from JB Hi-Fi, Coles, Woolworths, Myer, David Jones, Bunnings and more
- Access to a wide range of rewards such as gift cards, merchandise, travel, flights, and more
- Up to 9 free additional card holders
- Complimentary International travel insurance for up to 4 months
- Purchase cover insurance
- Up to 55 days interest-free period
- Eligible with Apple Pay and Google Pay
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Great Southern Bank Credit Cards
Discontinued: Great Southern Bank Platinum Credit Card
Updated 9 February 2024
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
Earn one Platinum Rewards Point for every $1 you spend on purchases. Enjoy platinum benefits such as up to 9 free additional cardholders, complimentary purchase protection, international travel insurance, and transit accident insurance. Redeem your points for gift cards, merchandise, travel, flights, and more. New customers only. T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
Capped at 100,000 points per year
Rewards Program
Platinum Rewards
Bonus Points
N/A
Pros and cons
- No welcome offer as of this time
Creditcard.com.au review
Editor Review
Discontinued: Great Southern Bank Platinum 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 Platinum Credit Card
A flexible option for cardholders looking to earn rewards on their everyday purchases, the Great Southern Bank Platinum Credit Card offers a choice of reward options on the GSB Platinum Rewards program. As a platinum card, it also provides a number of platinum perks, such as complimentary overseas travel insurance, purchase protection, and a wide range of reward options.
What we love...
While it may offer a few nice perks, the Great Southern Bank Platinum Credit Card is a rewards card above all. As a cardholder, you will earn 1 Platinum Rewards Point for every $1 dollar you spend on purchases on the card, capped at 100,000 points per year. As long as you remain a Great Southern Bank Platinum Credit Card holder – and your account remains in good standing – your points will never expire.
So, what can you spend those points on? The GSB Platinum Rewards program is pretty flexible, allowing users to choose from a range of rewards points redemption options through the program’s easy-to-use online store, with the option to redeem points for merchandise such as toys and tech, appliances and homewares, or on gift cards.
Alternatively, users can redeem points for travel. Platinum Rewards points can be used to book and pay for flights, accommodation, tours, activities, car hire and more – and if you don’t have enough points in your account, you can use Points plus Pay to cover your travel selection.
What’s not so great...
As with most platinum rewards cards, the Great Southern Bank Platinum Credit Card’s standard annual fee is sizable. But as long as you avoid interest – both the purchase rate and cash advance rate on this card is high – and you get more back in rewards and features, that annual fee may worthwhile for you as a cardholder.
Why should you choose this card?
If earning points is your thing, the Great Southern Bank Platinum Credit Card may just be for you. You can earn points on most purchases, to then spend as you like within the GSB Platinum Rewards program. As we mentioned earlier, there are some platinum perks also offered, which could help to make this card even more appealing. Plus, you can add up to nine additional cardholders at no extra cost.
You could benefit from complimentary international travel insurance and transit accident insurance, while also taking advantage of purchase protection insurance, providing cover for loss, theft or accidental damage on eligible items purchased on your card within 90 days.
If you’re looking for added functionality, you can sync your card with your device to use Google Pay and Apple Pay. And, if you want to keep interest costs low, you can take advantage of up to 55 days interest free on purchases as long as you pay off your balance by the due date in the previous month. There is no interest-free period on cash advances or balance transfers.
Overall Rating
Offering an easy way to earn points on a flexible rewards program, the Great Southern Bank Platinum Credit Card also provides extras in the form of complimentary insurance cover, purchase protection, and a wide range of reward options.
User reviews
Rates and fees
Interest rates
Purchase rate 19.99% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $5,000
Maximum credit limit N/A
Fees & repayments
Annual fee $149 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)
Cash advance fee 2% or $3.50, whichever is greater
Late payment fee $12.50
Rewards and points
Rewards program
Rewards Program
Platinum Rewards
Bonus points N/A
Annual points cap 100,000
Bonus points spend criteria N/A
Earning points with this card
Rewards points 1 point per $1 spent
Points cap per month Capped at 100,000 points per year
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 4 months
Flight Inconvenience Insurance No
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay and Google Pay
Overview
Discontinued: Great Southern Bank Platinum Credit Card
If you are looking for rewards, the Great Southern Bank Platinum Credit Card has it covered. You will earn 1 point for each dollar you spend, and points can be redeemed on more than 300 items. You can also choose from a range of electronic items, shopping vouchers for leading retailers, and cashback. Choosing the Great Southern Bank Platinum Credit Card, you can also benefit from up to 55 days interest free on purchases, no price guarantee, purchase protection and up to 9 additional cardholders (no charge).
Key features
- Earn 1 Platinum Rewards Point per $1 spent on Mastercard
- Redeem your points for gift cards from JB Hi-Fi, Coles, Woolworths, Myer, David Jones, Bunnings and more
- Access to a wide range of rewards such as gift cards, merchandise, travel, flights, and more
- Up to 9 free additional card holders
- Complimentary International travel insurance for up to 4 months
- Purchase cover insurance
- Up to 55 days interest-free period
- 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 question21 questions (showing the latest 10 Q&As)
What are we covered for with international travel insurance (we have a platinum credit card).
Hi Melanie, I see that the Great Southern Bank Platinum card is no longer available for application but as per the last information we have before the card application was discontinued, I see that international travel insurance is one of the features offered on this card. For updated information on insurance coverage, eligibility and general exclusions, you can check the GSB Platinum Card T&Cs and Other Benefits PDS or give them a call at 133 282.
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Gayle Franks
28 January 2013I recently got this card for the balance transfer offer. I wanted longer to pay off the transferred balance and this was a great offer. The other reason I chose this card was for the rewards points. I have been earning quite a few points and look forward to spending them.
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