G&C Mutual Bank Platinum Visa Credit Card

18.74% p.a.

No current offer

$249

Qantas Frequent Flyer

G&C Mutual Bank Platinum Visa Credit Card

18.74% p.a.

No current offer

$249

Qantas Frequent Flyer

Mozo Review   G&C Mutual Bank Platinum Visa Credit Card Review

Last updated: 25 June 2018.

What's hot:
  • Mozo 2017 Experts Choice winner

  • 0.85 points per dollar, uncapped

  • Complimentary insurance and concierge service

What's not:
  • $249 annual fee

Mozo snapshot:

It’s nothing but quality community banking over at G&C Mutual Bank, and this year, their Platinum Visa Credit Card has received an Experts Choice Award for Premium Rewards Credit Card. With this reward card your points will be automatically credited through the Qantas Frequent Flyer program, while being able to earn bonus points when you buy selected Qantas products and services. Complimentary insurance plans are also up for grabs.

Key features:

Owned by its customers, the G&C Mutual Bank Platinum Visa Credit Card offers a prestigious rewards scheme for cardholders who love to hit the sky. When it comes to points, you’ll earn 0.85 points per dollar spent on Visa and won’t have to worry about using them fast, as they are uncapped and never expire. You can also earn bonus points when you shop for selected Qantas products and services. Every point you earn automatically be credited to the Qantas Frequent Flyer program.

But what’s a good holiday without the protection and help you need? With the Platinum Visa Credit Card, you’ll also receive complimentary insurance plans, such as overseas travel insurance, transport accident insurance, purchase security insurance and domestic flight inconvenience insurance.

Platinum Visa Concierge is also available for cardholders and features 24/7 services, like translation and message assistance and passport, visa and customer information. Extended warranty, purchase protection, guaranteed pricing and rental car excess cover are also available under this card.

In terms of the basics, the G&C Mutual Bank Platinum Visa Credit Card features an 18.74% purchase rate, a 19.74% cash advance rate and a $5 cash advance fee. You’ll also have up to 50 interest free days.

However, prestigious rewards cards like these are generally made for the big spenders, so you will need to budget for the $249 annual fee and make sure you get enough value out of the freebies on offer to justify the price tag.

Who it's good for:

The G&C Mutual Bank Visa Platinum Credit Card is a great choice for big spenders who love to  travel and want to use their points to score travel freebies or perks.


Any catches?

Like most platinum rewards cards, there’s a reasonably large price tag to consider. The G&C Mutual Bank Platinum Visa Credit Card has an annual fee of $249, so you’ll need to squeeze this into your budget each year.

Rewards program details

Rates and fees information correct as at 21 August 2018.

What your points get you

Fly Sydney to London

120,000 points

Fly Sydney to Melbourne

8,000 points

$100 Giftcard

16,160 points

$100 Cash

-

Points earning

0.85 points per dollar on Visa, uncapped

Rewards scheme

Points are automatically accredited to the Qantas Frequent Flyer Program.

All rewards redeemed via Qantas Frequent Flyer.

1 bonus points on selected Qantas products and services.

Value of rewards points

Spend $19,012 (Visa)

Spend $9,412 (Visa)

Spend $141,176 (Visa)

Uncapped

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 18.74% p.a.

  • none

  • No current offer

  • none

  • 19.74% p.a.

  • 50

Fees
  • $249.00

  • none

  • none

  • none

  • $15.00

  • $5

  • 2.85%

  • $10.00

  • $30.00

  • none

Features
  • $20.00

  • 5.0

  • yes

  • none

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Rental Car Excess Cover

Customer Reviews

How are G&C Mutual Bank credit cards rated by the Mozo community?

Overall customer rating
10.0/10
Price
9.0/10
Features
10.0/10
Customer service
10.0/10
Convenience
9.0/10
Trust
10.0/10
G&C Mutual Bank

About G&C Mutual Bank

Operating for over 55 years, G&C Mutual Bank is owned by its members, which means they pass profits back to customers in the form of competitive interest rates on its products and deliver superior financial solutions to consumers. G&C Mutual Bank offers a full suite of financial solutions including home loans, investment loans, personal loans and credit cards to its members. It also has everyday banking products such as savings accounts and transaction accounts that can help with short and long term savings goals.

See G&C Mutual Bank credit cards