In this guide

  • Our verdict
  • Details
    • Product details
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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G&C Mutual Bank Low Rate Business Credit Card

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G&C Mutual Bank Low Rate Business Credit Card
Terms and conditions apply
Purchase rate
12.49% p.a.
Annual fee
$50 p.a.
Interest-free on purchases
Up to 50 days

Our verdict

Offers a 12.49% p.a. interest rate on purchases and up to 5 cards linked to the account, with a $50 annual fee.

The G&C Mutual Bank Low Rate Business Credit Card gives business owners a way to manage their cash flow and keep track of spending, with up to 5 cards for the account. Its 12.49% p.a. interest rate for purchases and $50 annual fee are also at the lower end of the scale for business credit cards in Australia. But when you’re comparing it to other cards, keep in mind that it doesn’t offer many extra accounting features – such as MYOB data feeds or GST breakdowns – which some other business cards do.

Pros

  • $50 annual fee
  • 12.49% p.a. interest rate on purchases
  • Up to 50 days interest free on purchases
  • Up to 5 cards linked to the account

Cons

  • This card is not linked to any rewards program
  • Doesn’t offer extra accounting features such as MYOB data feeds or GST breakdowns
  • 19.49% p.a. cash advance rate

In this guide

  • Our verdict
  • Details
    • Product details
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The G&C Mutual Bank Low Rate Business Credit Card is suited to small-to-medium sized businesses that want simple access to a credit account. It offers credit limits between $1,000 and $100,000 (subject to approval) and up to 50 days interest-free on purchases. But some other cards in this category do offer more additional cards for employees.

Details

Product details

Product Name G&C Mutual Bank Low Rate Business Credit Card
Purchase rate p.a.
Purchase rate p.a.
12.49%
Interest-free period
Up to 50 days on purchases
Cash advance rate p.a. 19.49%
Min credit limit $1,000
Max credit limit $100,000
Card type Visa

Rewards

Bonus points N/A

Fees

Annual fee
Annual fee
$50
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Foreign currency conversion fee
Foreign currency conversion fee
3%
Cash advance fee $5
Number of additional cardholders 5

Congratulations, G&C Mutual Bank!

G&C Mutual Bank Low Rate Business Card received the highly commended award for 'Low Interest Business Credit Card' in the 2024 Product Awards.

Full list of 2024 winners

How to apply

You can start the application process by filling in a business enquiry form through the G&C Mutual Bank website, calling G&C Mutual Bank on 1300 364 400 or visiting a service centre. Here are some key eligibility criteria and details you'll need for the application.

Eligibility criteria

  • Residency. You must be an Australian or New Zealand citizen, or an Australian permanent resident to get a credit card with G&C Mutual Bank.
  • Employment. You must be eligible to work in Australia and employed or earning a regular income.

Card benefits

  • Low purchase rate. The G&C Mutual Bank Business Low Rate Credit Card has a 12.49% p.a. interest rate for purchases, which is competitive with other low rate and business credit cards.
  • Additional cards. You can have up to 5 cards linked to this account, if you want to share it with business partners or employees.

Rates & fees

  • Annual fee. This card has a $50 annual fee.
  • Cash advance rate. A 19.49% p.a. interest rate applies to cash advance transactions, such as withdrawing money or buying foreign currency.

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Amy Finder

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