- 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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Updated 1 November 2024
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.
11.99%
$0 first year. Then $49 p.a.
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.
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.
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.
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.
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.
Purchase rate 11.99% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Minimum credit limit $500
Maximum credit limit N/A
Annual fee $49 p.a.
Additional cardholder fee Up to 9 at no extra cost
Foreign transaction fee 3.4%
Minimum repayment $35 or 3% (whichever is greater)
Annual fee the first year $0
Cash advance fee 2% or $3.50, whichever is greater
Late payment fee $12.50
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
Eligible with Apple Pay and Google Pay
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).
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 9 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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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