Platinum Credit Card card image

Great Southern Bank Platinum Credit Card

Advertiser disclosure
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 25 months and then 21.74% p.a.
Annual fees
$149 $0 in the first year
Interest free days on purchases

Mozo editorial review Great Southern Bank Platinum Credit Card - last updated: 28 October 2021

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What's hot
  • 2021 Mozo Experts Choice Award winner
  • 1 point per $1 spent, up to 100,000 points per year
  • $0 annual fee in the first year ($149 after)
What's not
  • 3.4% foreign exchange margin
Mozo snapshot

The Great Southern Bank Platinum Credit Card comes with a number of perks, which are especially relevant to travellers, including concierge, travel insurance and purchase protection insurance. As far as base features go, the $0 annual fee in the first year ($149 after) and 19.99% purchase rate are solid card features. It’s just the relatively high 3.4% foreign exchange margin that travellers need to be wary of.

And if you are looking to pay down your existing debt, you'll be please to know this card won a 2021 Mozo Experts Choice Award for best Balance Transfer Platinum Credit Card. 

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Key features

Who doesn't like being rewarded? If you’re interested in earning extra rewards from spending on your credit card, then the Great Southern Bank Platinum Credit Card is worth a look.

The associated Rich Life Rewards program gives you access to cashback rewards and flight rewards, the flights will need to be redeemed through their online service. You’ll earn 1 point per dollar spent on the card but keep in mind your point earning is capped at 100,000 points per year.

The 24 hour concierge service also helps you organise everything from event tickets, flights, locksmiths and so much more. So if you’re travelling and what help planning and booking some of your days and nights, then this service may make your travel experience all that more fluid.

The card also comes with $15,000 worth of travel insurance, which extends to $30,000 if your with your spouse or dependents, as well as a $0 annual fee in the first year! Just remember that after that, you'll need to budget for a $149 annual fee.

The Platinum Credit Card provides you with automatic purchase protection insurance. So an item under $1,000 you lose, accidentally damage or have stolen could possibly be refunded in full, so you can have that extra peace of mind on your purchases.

If you’re thinking about transferring any other accounts onto this card, then you’ll pleased to hear for the first 25 months the Platinum Credit Card has a 0% balance transfer rate, with 21.74% revert rate.

The card also allows for up to 9 additional card holders all for free, which is great for those intending to share it with their family to rack up a weighty points balance. 

Who is it good for

The travel based perks make the Great Southern Bank Platinum Credit Card a great option for globetrotters. Between the concierge service and the complimentary travel insurance, you’ll want to pack this one whenever you travel.

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Any catches

While the perks of the card are great for travellers, the relatively high 3.4% foreign exchange margin certainly makes spending large amounts of money overseas less appealing.

Also the card caps points earning at 100,000 points per year, meaning you won’t be able to rack up too many of those cashback or flights rewards every year.

Rewards program details

Rates and fees information correct as at 17 August 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


Fly Sydney to Melbourne one-way


$100 Giftcard

25,000 points

$100 Cash

33,400 points

Points earning

1 point per dollar on Mastercard, up to 100000 points per year

Rewards scheme

Redeem your points for cashback, retail rewards, shopping gift cards and travel.

Value of rewards points

Spend $33,400 (Mastercard)

Spend $25,000 (Mastercard)

at 100,000 points yearly


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


19.99% p.a.


0% p.a. for 25 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

Rewards privileges

Travel Insurance,
Purchase Protection

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About Great Southern Bank