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.
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.
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.
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%.
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
Apple Pay, Google Pay
I love this Bank. They are the easiest to get on with as their customer service is number 1.
Read full reviewI love this Bank. They are the easiest to get on with as their customer service is number 1.
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.
Great Southern Bank
Platinum Credit Card
19.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$149 $0 in the first year
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
St.George
Vertigo
13.99% p.a.
0% p.a. for 30 months and then 21.49% p.a.
$55 $0 in the first year
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$49 $0 in the first year
MoneyMe
Freestyle Virtual Mastercard
16.99% p.a.
No current offer
$209 Annual fee may vary.
HSBC
Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months and then 21.99% p.a.
$129 $29 in the first year
Rewards Plus
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
55,000
1.25 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Westpac
Altitude Platinum
Altitude Rewards
$150 $49 in the first year
130,000
1 point uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
65,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
American Express
Cashback Credit Card
Cashback Rewards
$120
No current offer
1 point uncapped
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
Bendigo Bank
Low Rate Credit Card
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
11.99% p.a.
$45
Bankwest
Zero Mastercard
0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
14.99% p.a.
$0
American Express
Qantas Ultimate Card
No current offer
20.74% p.a.
$450
Qantas Frequent Flyer
Westpac
Low Rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59 $0 in the first year
Great Southern Bank
Low Rate Credit Card
0% p.a. for 25 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
Bankwest
Zero Platinum Mastercard
0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
14.99% p.a.
$0
St.George
Amplify Rewards Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Rewards
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
St.George
Vertigo
13.99% p.a.
0% p.a. for 30 months and then 21.49% p.a.
$55 $0 in the first year
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$49 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Bankwest
Zero Mastercard
14.99% p.a.
0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
$0
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$49 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
NAB
StraightUp Card
0% p.a.
No current offer
$180 $15/month - waived if no spend & no balance owing
Bankwest
Breeze Platinum Mastercard
0% p.a. for 15 months then 9.90% p.a.
0% p.a. for 15 months and then 9.90% p.a.
$69 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$240 $20/month - waived if no spend & no balance owing
BankSA
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
