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 33 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: 25 November 2021

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What's hot
  • 2021 Mozo Experts Choice Award winner
  • Low 11.99% purchase rate
  • $0 annual fee in the first year ($49 after)
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 33 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. In fact, it's no wonder this credit card received a 2021 Mozo Experts Choice Award for best Balance Transfer Credit Card. 

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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 33 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 33 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 18 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.

11.99% p.a.


0% p.a. for 33 months and then 21.74% p.a.


21.74% p.a.




$0 in the first year




2.00%, Min $3.50










Payment options

Apple Pay, Google Pay

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About Great Southern Bank