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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Great Southern Bank Low Rate Credit Card

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Great Southern Bank Low Rate Credit Card
Terms and conditions apply
Purchase rate
11.99% p.a.
Annual fee for the first year ($49 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a low interest rate and a $0 annual fee for the first year, which goes to $49 p.a. after that.

The Great Southern Bank Low Rate Credit Card has a 11.99% p.a. purchase rate that is competitive with other low rate credit cards. Its annual fee is waived in the first year, then goes to $49 per year, which is also relatively low. Similar to other low-cost credit cards, its other features are basic. But you can use it anywhere Mastercard is accepted and add it to Apple Pay and Google Pay.

Pros

  • $0 annual fee for the first year ($49 p.a. thereafter)
  • A low variable rate of 11.99% p.a. applies on purchases

Cons

  • 3.4% international transaction fee

In this guide

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

The Great Southern Bank Low Rate Credit Card offers up to 55 days interest-free on purchases if you pay the total closing balance on each statement by the due date. Great Southern Bank is also one of the largest member-owned bank's in Australia, which means its profits go back to customers (rather than shareholders). It was previously known as CUA, and rebranded on 1 June 2021.

Details

Product details

Product Name Great Southern Bank Low Rate Credit Card
Purchase rate p.a. 11.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.74%
Min credit limit $500
Max credit limit $100,000
Card type Mastercard

Eligibility

Available to temporary residents No
Minimum income $35,000
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee $0 first year ($49 after)
Minimum monthly repayment 3% of the closing balance or $35, whichever is greater
Late payment fee $12.50
Foreign currency conversion fee 3.4%
Cash advance fee 2% or $3.50, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 9

How to apply

You can apply for the Great Southern Bank Low Rate Credit Card online by filling out a secure application form. Get started by checking the following eligibility criteria and making sure you have all the details and documents needed for the application.

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident with an Australian residential address.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • $0 first-year annual fee. The Great Southern Bank Low Rate Credit Card waives the annual fee in the first year. And a relatively low $49 annual fee applies from the second year on.
  • Low rate for purchases. The Great Southern Bank Low Rate Credit Card's 11.99% p.a. interest rate for purchases is very low considering the average credit card interest rate in Australia is around 20%.

Rates & fees

  • Interest-free days. The Great Southern Bank Low Rate Credit Card offers up to 55 days interest-free on purchases if you pay your account's closing balance in full by the due date on each statement.
  • Cash advance rate. If you use this card to withdraw cash or for any other cash advance transaction, an interest rate of 21.74% p.a. will apply from the date of the transaction.

Your reviews

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Ask a question

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Amy Finder

Editor

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Avatar

Karyn

February 02, 2024

Hi does this card offer free travel insurance


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Amy Bradney-George Finder

February 05, 2024

Hi Karyn,

This card doesn’t offer travel insurance but Finder has a guide to credit cards with travel insurance you can use to compare different options on the market. I hope this helps.


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Barry

September 27, 2019

Can a cash advance be made into my CUA only account?


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Nikki Angco

September 28, 2019

Hi Barry,


Thanks for getting in touch! Yes, the CUA Low Rate Credit Card offers cash advances. Note that there is a Cash Advance Rate 21.74% p.a. and a Cash Advance Fee of 2% or $3.50, whichever is greater.


Hope this helps!


Best,

Nikki


Avatar

Ken

July 28, 2017

Hi, I have an existing CC debt that is about 1 month overdue and I have been having trouble keeping payments up. I was unemployed up until a year ago for two years and during this time I struggled with various payments. I am now employed full time with a good salary, what will be taken into account if all I want to do is transfer the balance to be able to pay off the debt.


Hopefully,

Ken


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Avatar

Rench Finder

July 28, 2017

Hi Ken,


I’m sorry to hear about your credit card debt but I’m glad to know that you’re now employed full time.


Regarding your enquiry, please read through the guide found on this page and you’ll know more about what you need to do to get approved for the CUA low rate credit card. To give you an overview, You must be an Australian citizen or permanent resident with an Australian residential address. You must be at least 18 years old to apply. Moreover, You must not currently be bankrupt.


Feel free to read through our list of balance transfer credit cards as well for more options. I recommend that you check the details of the credit card you’re interested in, its eligibility criteria as well as the Product Disclosure Statements/Terms and Conditions before you apply.


Also if you can, contact first the issuing bank and discuss your options and chances of approval before you send anything final for your application. Just apply for one credit card at a time and ensure your eligibility before submitting your final application. This way you can avoid credit enquiries on your file.


I hope this helps.


Cheers,

Rench


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Liv

June 21, 2017

Hi, I am just wondering if the balance transfer offer allows me to transfer the balance of my husband’s existing credit card?

Kindest regards,

Liv


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Jonathan

June 21, 2017

Hi Liv!


Sounds like a plan for me! Most banks will allow you to do this, and some may require you to have your husband’s name included as an additional cardholder or simply a joint card type.


You can read our guide on balance transfers with joint primary cardholders guide to help you better understand how this is done. If you wish to apply, select the “Go to Site” button of your chosen issuer to proceed with your application.


Hope this helps.


Cheers,

Jonathan


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Ella

June 20, 2017

I’m currently receiving Disability Pension, Family Tax A and B and Child Support. I am a single parent with two children. Does CUA accept these as an income? I want a credit card for emergency/piece of mind reasons. I was told that CUA accept certain pensions as income. I don’t want to apply if my government income is not going to be accepted. Cheers!


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Jonathan

June 21, 2017

Hi Ella!


CUA Credit Card application would require you to submit a proof of income. In your case, you may submit the following as verification documents:

– Your recent Centrelink benefit statement or

– Your personal tax return for the last 2 years or

– Your pension/annuity statement or

– Your recent Financial Institution statement showing one month of benefit receipts or

– Letter from your financial planner advising of current/planned superannuation drawings


Hope this clarifies.


Cheers,

Jonathan


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