- 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 10 August 2023
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
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