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GEM Visa Credit Card

6 reviews

Purchase rate

24.99% p.a.

Balance transfer

N/A

Annual fee

$99 p.a.
99% Complete (success)

Pros

Get 6 months at 0% interest on any purchase over $250

Get 1, 2, or 3 years interest free periods at selected stores

Cons

Standard Purchase and Cash Advance rate of 24.99% p.a.

GEM Visa Credit Card

The GEM Visa card offers the almost unparalleled 6 months interest free on purchases over $250 or over. It also features some great opt-in insurance options for purchase protection, very useful and relevant to the savvy shopper. The rate reverts to 24.99% p.a. after the 6 month period. Up to 55 days interest free is available on purchases under $250.

Key features

  • Receive up to 6 months interest free if you make purchases over $250
  • Take advantage of 12, 18 and 24-month Interest Free payments plans from a range of retailers
  • Receive up to 55 days interest free if you make purchases under $250
  • GEM Visa Fraud Security Protection
  • Standard interst rate of 24.99% on purchases and cash advances
  • Rates
    50%
  • Fees
    33%
  • Rewards
    N/A
  • Customer Service
    63%
  • Value
    49%
67% of customers who have rated this card would recommend it
Overall customer rating 49%
6 reviews
Interest Rates
Purchase rate 24.99% p.a.
Cash advance rate 24.99% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit $1,000
Maximum credit limit N/A
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee Up to 9 at no extra cost
Cash advance fee 3%
Foreign transaction fee 3%
Late payment fee $30
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Up to 6 months interest free on purchases over $250 or over
1, 2, or 3 years interest free periods at selected stores

The Gem Visa

With a range of interest free options available, the Gem Visa is most definitely a shopper’s credit card. While other cards may provide interest free introductory offers, this card allows cardholders to benefit from interest free shopping at any time, with 0% interest for six months on any purchase over $250, and longer interest free plans on purchases made at participating stores.

What we love...

Used correctly, the Gem Visa could help you save big on interest. As an everyday credit card, the Gem Visa lets you enjoy up to 55 days interest free on all your everyday purchases, as long as you clear your balance both for the statement before the purchases were made, and for the statement on which the purchases are listed.

On larger purchases of $250 or more, you can benefit from some extra breathing room, with 0% interest for six months. That gives you a good long time to repay your purchase, while paying nothing in interest. You don’t need to set up anything to enjoy this interest free period – all purchases over $250 made on the card will automatically receive it.

But that’s not all. If you use your Gem Visa at any of the card’s participating retail partners and service providers – such as The Good Guys, Amart Furniture and Michael Hill – you can take advantage of even longer 0% interest free plans. Simply present your card and the salesperson will let you know which 0% Interest Payment Plans are currently available.

You can then choose from three repayment plan options. With the Interest Free plan, you will make minimum monthly payments; with the Instalment Interest Free plan, you will pay equal monthly payments; and with the Buy Now, Pay Later plan, there are no set payments required during the interest free period, so you pay what you want, when you want.

With each of these options, and as long as you pay the balance on time and in full before the end of the plan, you won’t pay anything in interest.

What’s not so great...

We’ve talked a lot about the various 0% interest free options offered on the Gem Visa. As long as you deal with these correctly – paying them off before they start to accrue interest – they can obviously be very beneficial. However, if you fail to repay your purchases within that interest free period, they will attract the card’s high rate of interest.

It’s also worth pointing out that while the card’s annual fee isn’t super high, it is sizable. It’s what you’d expect to pay on a platinum card or rewards card on the lower in of the scale. But, while these cards offer features and rewards, the Gem Visa simply offers interest free shopping. Great, if that’s what you’re looking for. Not so great if you want more in extras.

Why should you choose this card?

If you want to save on interest when using your credit card, the Gem Visa could certainly help you do that. But, you need to be smart and you need to be organised if you want to take advantage of the various interest free options on offer. Be sure to read the small print, and know exactly what needs to be paid off and when.

Aside from its potential to save on interest, the Gem Visa does have a few nice features up its sleeve. Of course, being a Visa card, it offers all the card features that come as standard on a Visa, such as contactless payments through Visa PayWave, and card security in the form of fraud detection and zero liability, and Verified by Visa for online shopping.

In addition, the Gem Visa provides cardholders a range of opt-in insurance covers. These include:

  • Price Protection, which pays the difference on eligible items purchased on the card if you find them cheaper at another retailer.
  • Merchandise Protection, which covers your purchases if they are lost, stolen or damaged within 12 months.
  • Stolen Card, which gives you $200 if your Gem Visa is reported stolen.
  • Balance benefit, which pays the balance of your account up to $5,000 if you lose your job unexpectedly (for at least 90 days), or you can’t work due to sickness or injury.
  • Life benefit, which pays the balance owing at the date of your death, up to $20,000.

These covers come at a cost of 1% of your monthly closing balance, which will be automatically debited to your card account. So, if your closing balance is zero, your monthly premium will be zero. If your closing balance is $4,000, your monthly premium will be $40. Read the PDS for more.

Overall Rating

A shopper’s credit card that could help you save on interest, the Gem Visa offers up to 55 days interest free on purchases under $250, 0% interest for six months on purchases over $250, and longer interest free plans at participating retailers. Opt-in insurance is also available.

84 questions (showing the latest 10 Q&As)

ray

ray

17 January 2019
You answer to Paul on November 13, 2018, at 1.14pm is incorrect. Any purchase over $250 is automatically entitled to six months interest free period regardless of the vendor, your local mechanic included. Longer interest free periods, up to five years, are available from participating stores and businesses during promotions.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 January 2019
    Hi Ray, I have reviewed this again and you are correct. Appreciate you taking the time to provide this feedback. Any purchase over $250 will automatically receive 0% for 6 months. For the higher interest periods then they need to be listed stores - https://www.latitudefinancial.com.au/credit-cards/find-a-store.html. One thing to be vary about. Outside of the promotional rate, if you hold a balance, then you will receive no interest free days on other purchases (below $250). That means you would be charged interest from day 1. If you have a long promotional rate, say 24 months. Then whilst this is active you have a balance. You need to be careful how you use this product based on the massive interest rate on the card. Many people that reach out to me have a large balance (XX,XXX) on their GEM Visa which becomes very hard to pay off with such high interest.
Paul

Paul

13 November 2018
So if I was to use the card at my mechanic and the purchase is over 250 is the interest free period 6 months, or did I read it wrong
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 November 2018
    Hi Paul, its only at set retailers with the GEM Visa that you get the 0% for 6 months. I would say your mechanic is not part of that. Therefore it would just be a standard purchase. I am not sure the amount of the bill or time needed to pay off. Though it may make sense to get a low rate credit card to have for these types of costs. That is, if you cannot pay it off in full during the billing cycle.
Paul Formaioni

Paul Formaioni

13 November 2018
can i use my gem visa card to pay the mechanic to fix my car? and please tell me how the interest and repayment works in regards to this transaction, thankyou
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 November 2018
    Hi Paul, yes you can use your GEM Visa at the mechanic if they accept credit cards. The standard interest rate is a very high 24.99% on purchases and cash advances. Therefore you would want to pay the debt off during the intro time. Your Gem Visa can be used for everyday purchases, just like a normal credit card and receive up to 55 days interest free. To take advantage of up to 55 days Interest Free on everyday credit card purchases, you must pay the full balance of the account (excluding unexpired Interest Free promotional plans) both for the statement before the purchases were made, and for the statement on which the purchases are listed.
Pavel Batal

Pavel Batal

30 September 2018
Hello GEM Card... I would like to apply for a low credit limit Card, but I am a Disability Pensioner with annual income of $ 22 000. I have $ 14 000 in my Bank, and no debts. Please get back to me. Thank you. Regards... Pavel
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 October 2018
    Hi Pavel, you can apply for the GEM Visa card directly on their website - https://www.gemvisa.com.au/apply.html. They will take a range of factors when assessing your application though the disability is seen as income for the application.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian permanent resident
  • You have your personal details ready to complete the online application
GEM Visa Credit Card
GEM Visa Credit Card

Latitude Financial Services Credit Cards

GEM Visa Credit Card

18 December 2018

Purchase Rate (p.a)

24.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$99

$0 over 0 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

GEM Visa Credit Card

The GEM Visa card offers the almost unparalleled 6 months interest free on purchases over $250 or over. It also features some great opt-in insurance options for purchase protection, very useful and relevant to the savvy shopper. The rate reverts to 24.99% p.a. after the 6 month period. Up to 55 days interest free is available on purchases under $250.

Key features

  • Receive up to 6 months interest free if you make purchases over $250
  • Take advantage of 12, 18 and 24-month Interest Free payments plans from a range of retailers
  • Receive up to 55 days interest free if you make purchases under $250
  • GEM Visa Fraud Security Protection
  • Standard interst rate of 24.99% on purchases and cash advances

Customer Reviews

GEM Visa Credit Card

49% rating based on 6 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates & Fees

Interest rates

Purchase rate 24.99% p.a.

Cash advance rate 24.99% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 9 at no extra cost

Foreign transaction fee 3%

Minimum repayment

Cash advance fee 3%

Late payment fee $30

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone Screen Insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Up to 6 months interest free on purchases over $250 or over

1, 2, or 3 years interest free periods at selected stores

Our Review

Editor Review

The Gem Visa

With a range of interest free options available, the Gem Visa is most definitely a shopper’s credit card. While other cards may provide interest free introductory offers, this card allows cardholders to benefit from interest free shopping at any time, with 0% interest for six months on any purchase over $250, and longer interest free plans on purchases made at participating stores.

What we love...

Used correctly, the Gem Visa could help you save big on interest. As an everyday credit card, the Gem Visa lets you enjoy up to 55 days interest free on all your everyday purchases, as long as you clear your balance both for the statement before the purchases were made, and for the statement on which the purchases are listed.

On larger purchases of $250 or more, you can benefit from some extra breathing room, with 0% interest for six months. That gives you a good long time to repay your purchase, while paying nothing in interest. You don’t need to set up anything to enjoy this interest free period – all purchases over $250 made on the card will automatically receive it.

But that’s not all. If you use your Gem Visa at any of the card’s participating retail partners and service providers – such as The Good Guys, Amart Furniture and Michael Hill – you can take advantage of even longer 0% interest free plans. Simply present your card and the salesperson will let you know which 0% Interest Payment Plans are currently available.

You can then choose from three repayment plan options. With the Interest Free plan, you will make minimum monthly payments; with the Instalment Interest Free plan, you will pay equal monthly payments; and with the Buy Now, Pay Later plan, there are no set payments required during the interest free period, so you pay what you want, when you want.

With each of these options, and as long as you pay the balance on time and in full before the end of the plan, you won’t pay anything in interest.

What’s not so great...

We’ve talked a lot about the various 0% interest free options offered on the Gem Visa. As long as you deal with these correctly – paying them off before they start to accrue interest – they can obviously be very beneficial. However, if you fail to repay your purchases within that interest free period, they will attract the card’s high rate of interest.

It’s also worth pointing out that while the card’s annual fee isn’t super high, it is sizable. It’s what you’d expect to pay on a platinum card or rewards card on the lower in of the scale. But, while these cards offer features and rewards, the Gem Visa simply offers interest free shopping. Great, if that’s what you’re looking for. Not so great if you want more in extras.

Why should you choose this card?

If you want to save on interest when using your credit card, the Gem Visa could certainly help you do that. But, you need to be smart and you need to be organised if you want to take advantage of the various interest free options on offer. Be sure to read the small print, and know exactly what needs to be paid off and when.

Aside from its potential to save on interest, the Gem Visa does have a few nice features up its sleeve. Of course, being a Visa card, it offers all the card features that come as standard on a Visa, such as contactless payments through Visa PayWave, and card security in the form of fraud detection and zero liability, and Verified by Visa for online shopping.

In addition, the Gem Visa provides cardholders a range of opt-in insurance covers. These include:

  • Price Protection, which pays the difference on eligible items purchased on the card if you find them cheaper at another retailer.
  • Merchandise Protection, which covers your purchases if they are lost, stolen or damaged within 12 months.
  • Stolen Card, which gives you $200 if your Gem Visa is reported stolen.
  • Balance benefit, which pays the balance of your account up to $5,000 if you lose your job unexpectedly (for at least 90 days), or you can’t work due to sickness or injury.
  • Life benefit, which pays the balance owing at the date of your death, up to $20,000.

These covers come at a cost of 1% of your monthly closing balance, which will be automatically debited to your card account. So, if your closing balance is zero, your monthly premium will be zero. If your closing balance is $4,000, your monthly premium will be $40. Read the PDS for more.

Overall Rating

A shopper’s credit card that could help you save on interest, the Gem Visa offers up to 55 days interest free on purchases under $250, 0% interest for six months on purchases over $250, and longer interest free plans at participating retailers. Opt-in insurance is also available.

Pros

  • Get 6 months at 0% interest on any purchase over $250
  • Get 1, 2, or 3 years interest free periods at selected stores

Cons

  • Standard Purchase and Cash Advance rate of 24.99% p.a.
Roland B Bleyer

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 Question

Something you need to know about this card? Ask a our credit card expert a question.

84 questions (showing the latest 10 Q&As)

ray

ray

17 January 2019
You answer to Paul on November 13, 2018, at 1.14pm is incorrect. Any purchase over $250 is automatically entitled to six months interest free period regardless of the vendor, your local mechanic included. Longer interest free periods, up to five years, are available from participating stores and businesses during promotions.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 January 2019
    Hi Ray, I have reviewed this again and you are correct. Appreciate you taking the time to provide this feedback. Any purchase over $250 will automatically receive 0% for 6 months. For the higher interest periods then they need to be listed stores - https://www.latitudefinancial.com.au/credit-cards/find-a-store.html. One thing to be vary about. Outside of the promotional rate, if you hold a balance, then you will receive no interest free days on other purchases (below $250). That means you would be charged interest from day 1. If you have a long promotional rate, say 24 months. Then whilst this is active you have a balance. You need to be careful how you use this product based on the massive interest rate on the card. Many people that reach out to me have a large balance (XX,XXX) on their GEM Visa which becomes very hard to pay off with such high interest.
Paul

Paul

13 November 2018
So if I was to use the card at my mechanic and the purchase is over 250 is the interest free period 6 months, or did I read it wrong
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 November 2018
    Hi Paul, its only at set retailers with the GEM Visa that you get the 0% for 6 months. I would say your mechanic is not part of that. Therefore it would just be a standard purchase. I am not sure the amount of the bill or time needed to pay off. Though it may make sense to get a low rate credit card to have for these types of costs. That is, if you cannot pay it off in full during the billing cycle.
Paul Formaioni

Paul Formaioni

13 November 2018
can i use my gem visa card to pay the mechanic to fix my car? and please tell me how the interest and repayment works in regards to this transaction, thankyou
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 November 2018
    Hi Paul, yes you can use your GEM Visa at the mechanic if they accept credit cards. The standard interest rate is a very high 24.99% on purchases and cash advances. Therefore you would want to pay the debt off during the intro time. Your Gem Visa can be used for everyday purchases, just like a normal credit card and receive up to 55 days interest free. To take advantage of up to 55 days Interest Free on everyday credit card purchases, you must pay the full balance of the account (excluding unexpired Interest Free promotional plans) both for the statement before the purchases were made, and for the statement on which the purchases are listed.
Pavel Batal

Pavel Batal

30 September 2018
Hello GEM Card... I would like to apply for a low credit limit Card, but I am a Disability Pensioner with annual income of $ 22 000. I have $ 14 000 in my Bank, and no debts. Please get back to me. Thank you. Regards... Pavel
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 October 2018
    Hi Pavel, you can apply for the GEM Visa card directly on their website - https://www.gemvisa.com.au/apply.html. They will take a range of factors when assessing your application though the disability is seen as income for the application.

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