Low Rate Credit Card card image

Great Southern Bank Low Rate Credit Card

Advertiser disclosure
Purchase rate
11.99% p.a.
Balance transfer rate
0% p.a. for 25 months and then 21.74% p.a.
Annual fees
$49 $0 in the first year
Interest free days on purchases
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Mozo editorial review Great Southern Bank Low Rate Credit Card

Last updated: 1 June 2021.

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What's hot
  • Low 11.99% purchase rate
  • $0 annual fee in the first year ($49 after)
  • 55 interest free days
What's not
  • High 21.74% cash advance rate
Mozo snapshot

The Great Southern Bank Low Rate Credit Card comes with all the main features you’d want in a budget friendly credit card: a low 11.99% purchase rate, 55 interest free days and a 0% balance transfer fee for 25 months. Add in the $0 annual fee in the first year ($49 after) and the 9 additional card holders you can have and the one of only things you really need to watch out for is the 21.74% cash advance rate.

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Key features

Low interest rate. Sound good right? That’s because it is. With only a 11.99% purchase rate, you’ll be able to spend freely on Great Southern Bank’s Low Rate credit card, knowing you won’t break the bank with massive interest payments, even if you do miss a monthly repayment or two.

Plus with the $0 annual fee in the first year ($49 after) and up to 55 interest free days on purchases, you’ve got a bit of breathing room to get your finances in order and pay off your bill each month.

There are times when you might want to share a credit card account with a family member or partner to keep your finances simple. This card let’s you have up to 9 additional cardholders for free.

And if you need to move some debt from another card onto this one, for the first 25 months there’ll be a 0% balance transfer fee. After that it’ll shoot up to a steep 21.74%, so it would be wise to have a payment plan in place to avoid having a leftover balance when the zero interest period ends.

Who is it good for

The Great Southern Bank Low Rate Credit Card is good for anyone who is looking to use a credit card for everyday purchases and crave the convenience of plastic, without all the bells and whistles.

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Any catches

While Mozo doesn’t suggest getting cash out on your credit card unless there is no other option, the 21.74% interest on cash withdrawals makes this something you should try extra hard to avoid.

Also after 25 months of 0% balance transfer rate, don’t get stuck with a leftover balance on this card when the rate changes to 21.74%.


Rates and fees information correct as at 16 June 2021 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.
  • 11.99% p.a.

  • none

  • 0% p.a. for 25 months and then 21.74% p.a.

  • yes

  • 21.74% p.a.

  • 55

  • $49.00

  • $0 in the first year

  • none

  • none

  • $12.50

  • 2.00%, Min $3.50

  • 3.40%

  • $0.00

  • $20.00

  • $0.00

  • $35.00

  • 3.0

  • 9

  • none

Payment options

Apple Pay, Google Pay

Customer Reviews

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About Great Southern Bank

Great Southern Bank (formerly CUA) is Australia's largest credit union and an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. Great Southern Bank is committed to helping members through life's big changes, so if you want to make a change for the better, check out Great Southern Bank's range of home loans, personal loans, credit cards, savings accounts and more.

See Great Southern Bank credit cards