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.
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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
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 |
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Amy Finder
Editor
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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?
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
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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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
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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Karyn
February 02, 2024
Hi does this card offer free travel insurance