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Great Southern Bank Low Rate Credit Card
Great Southern Bank Low Rate Credit Card

Great Southern Bank Credit Cards

Great Southern Bank Low Rate Credit Card

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.

Purchase Rate (p.a)

11.99%

Annual Fee (p.a)

$0 first year. Then $49 p.a.

$0 over 33 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 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

  • 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 9 years in money, budgeting and property reporting under her belt. 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

Great Southern Bank Low Rate Credit Card ( based on 5 Creditcard.com.au user reviews )

69% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value
100%

BBC

15 February 2022

Ease 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 card
75%

Cynthia

28 January 2013

The 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

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 $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

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

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

Recently Asked Questions

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

28 questions (showing the latest 10 Q&As)

Rachel

Rachel

3 April 2024
Is there interest on the balance transfers
B.J.McKaig

B.J.McKaig

20 February 2024
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
    Pauline - CreditCard.com.au

    Pauline

    21 February 2024
    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!
Denise

Denise

28 February 2023
Is there a daily spending limit on this credit card? Does it include pending payments?
    Pauline - CreditCard.com.au

    Pauline

    1 March 2023
    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!
Matthew J Vout

Matthew J Vout

13 September 2022
Hi am i able to qualify for credit card please /
    Pauline - CreditCard.com.au

    Pauline

    14 September 2022
    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.
Andrew kelty

Andrew kelty

20 July 2022
Do you get free travel insurance with your credit card
    Pauline - CreditCard.com.au

    Pauline

    21 July 2022
    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!
bek

bek

3 June 2022
Balance transfer credit card application query
    Pauline - CreditCard.com.au

    Pauline

    8 June 2022
    Hi Bek, please let us know how we can help?
Sonia

Sonia

3 March 2022
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
    Pauline - CreditCard.com.au

    Pauline

    4 March 2022
    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.
Jo

Jo

27 February 2022
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.
    Pauline - CreditCard.com.au

    Pauline

    2 March 2022
    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.
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