In this guide

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

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G&C Mutual Bank Low Rate Visa Credit Card
Terms and conditions apply
Purchase rate
7.49% p.a.
Annual fee
$50 p.a.
Interest-free on purchases
Up to 50 days

Our verdict

Offers a low 7.49% p.a. interest rate on purchases and some Visa benefits, with a $50 annual fee.

The G&C Low Rate Visa Credit Card has one of the lowest ongoing interest rates for purchases on the market. So, if you regularly carry a balance from month to month, this card could help you reduce your costs compared to other options.

Pros

  • 7.49% p.a. interest rate on purchases
  • Competitive $50 annual fee
  • Up to 50 days interest free on purchases

Cons

  • 3% international transaction fee
  • No perks like rewards or complimentary insurance

In this guide

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

The G&C Low Rate Visa is suited to people who want to keep their credit card costs down. As well as the very low 7.49% p.a. purchase rate, it offers up to 50 days interest-free if you pay the total balance listed on your statement by the due date. Its annual fee is also similar to other no-frills cards but it doesn't offer the perks you can find on cards with higher annual fees, such as rewards or complimentary insurance.

Details

Product details

Product Name G&C Mutual Bank Low Rate Visa Credit Card
Purchase rate p.a. 7.49%
Interest-free period Up to 50 days on purchases
Cash advance rate p.a. 15.49%
Min credit limit $1,000
Max credit limit $75,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee $50
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Late payment fee $15
Foreign currency conversion fee 3%
Cash advance fee $5
Overseas cash advance fee $5

How to apply

You can apply for the G&C Mutual Bank Low Rate Visa online through the bank's website. To get started, you’ll meet the eligibility requirements and make sure you have all the details and documents needed for the application.

Eligibility criteria

  • Residency. You must be an Australian or New Zealand citizen, or an Australian permanent resident.
  • Employment. You must be eligible to work in Australia and have employment or earn a regular income.

Card benefits

  • Low purchase rate. This card's 7.49% p.a. interest rate for purchases is one of the lowest on the Australian credit card market.
  • Visa perks. You can use your card at millions of locations wherever Visa is accepted, including for contactless payments. It also offers Visa Secure for eligible online purchases and exclusive discounts and deals through Visa Offers and Perks.

Rates & fees

  • Annual fee. The G&C Mutual Bank Low Rate Visa has a $50 annual fee, which is similar to other basic, low rate credit cards.
  • Cash advances. If you use your card to withdraw cash or make another cash advance transaction, you'll immediately collect the 15.49% p.a. interest rate. You'll also be charged a $5 cash advance fee.

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Amy Finder

Editor

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Ron

September 04, 2017

We r travelling this Thursday afternoon (6pm) to Perth

We cd use a credit card to satisfy Avis Car rental re excess on insurance

We have not had a credit cad for ?15 years Dont really need one except as above

we are aged pensioners with an investment property & proprietary interest in a building business

Is it possible to get a credit card before we leave on Thursday


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Jonathan

September 04, 2017

Hello Ron,


Thank you for your question.


It usually takes 5-10 working days for your card to be processed and be delivered to you. Therefore, it may already be too late on Thursday.


We recommend instead that you consult our listed insurers to inquire for a quote and policy cover for your needs.


Hope this helps.


Cheers,

Jonathan


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