Platinum Visa Credit Card card image

G&C Mutual Bank Platinum Visa Credit Card

Advertiser disclosure
Purchase rate
18.74% p.a.
Balance transfer rate
No current offer
Annual fees
Interest free days on purchases

Mozo editorial review G&C Mutual Bank Platinum Visa Credit Card - last updated: 18 February 2021

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What's hot
  • 0.85 points per dollar, uncapped
  • Complimentary concierge service
What's not
  • $249 annual fee
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It’s nothing but quality community banking over at G&C Mutual Bank. 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.

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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.

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 is it 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. 

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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 22 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

19,010 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 $22,365 (Visa)

Spend $9,412 (Visa)

Spend $129,882 (Visa)



How do we calculate these points?
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.


Rate and fee details


18.74% p.a.


No current offer


19.74% p.a.


















Rewards privileges


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