Our verdict

Great Southern Bank's Platinum Credit Card offers cashback on your spending, insurance, interest-free days and a low monthly fee.

The Great Southern Bank Platinum credit card's main benefit is the uncapped cashback on spending. It also has a fairly low annual fee of $144 (charged monthly).

Pros

Get uncapped cashback at 0.50% per eligible dollar
0% international transaction fees
Includes complimentary insurance cover

Cons

There's a $12 monthly fee
High interest rate of 19.99% p.a. on purchases

Details

Product details

Product Name	Great Southern Bank Platinum Credit Card
Purchase rate p.a.	Purchase rate p.a.19.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$6,000
Card type	Mastercard

Eligibility

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

Rewards

Bonus points

N/A

Fees

Annual fee	$144
Minimum monthly repayment	3% of the closing balance or $35, whichever is greater
Late payment fee	$12.50
Foreign currency conversion fee	0%
Cash advance fee	2% of transaction value or $3.50, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	3

How to apply

You can apply for the Great Southern Bank Platinum credit card online by filling out a secure application form. Just make sure you meet the following eligibility criteria and have all the details and documents you need to apply.

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.
Bankruptcy status. You must not currently be bankrupt.

Required documents

Personal information. This includes your full name, date of birth, residential address, email address and contact number. You'll also have to provide a valid form of ID such as your driver's licence, passport or Medicare number.
Employment details. You need to provide information about your current employment situation, including your role, salary and employer's contact information. You also need to include documents that verify these details, such as recent payslips or a PAYG payment summary.
Financial information. This covers any income from other sources, assets such as savings accounts and existing debts you may have from other cards, loans or mortgages. You'll also need to provide details of your household expenses such as rent, grocery shopping and transport costs.

Card benefits

Cashback. This card lets you earn uncapped cashback at 0.50% per $1 spent on eligible transactions.
Complimentary international travel insurance. The Great Southern Bank Platinum comes with complimentary international travel insurance when you use the card for at least $500 of your prepaid travel expenses, such as flights, accommodation or car hire. This cover also extends to your spouse and/or dependent children when they are travelling with you and at least $500 of their prepaid travel expenses are booked with the card.

Additional cardholders. With the Great Southern Bank Platinum Card, you can add up to 3 additional cardholders while enjoying a $0 additional cardholder fee.
Purchase protection insurance. Items you buy with this card are covered against accidental damage, loss or theft for 90 days from the date of the purchase.
Mobile payment compatibility. You can link this card to both the Apple Pay and Google Pay wallets to make contactless payments with your smartphone.

Rates & fees

Monthly fee. This card charges a $12 monthly fee. If you use the card every month, this fee would add up to $144 over a year.
Purchase interest rate. The Great Southern Bank Platinum charges a purchase rate of 19.99% p.a., which is on the higher end when compared to the rest of the market.

Interest-free days. This card gives you up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement.

Cash advance rate. If you use this card to withdraw cash or make any other cash advance transactions, an interest rate of 21.74% p.a. will apply.

Currency conversion fee. Purchases made in a foreign currency when you are overseas or shopping online attract a charge worth 0% of the total transaction.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Great Southern Bank Platinum Credit Card TMD

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Richard Finder

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Carol

January 15, 2019

Does my CUA platinum Mastercard cover me for travel insurance within Australia (eg cancellation because of injury)

John Basanes Finder

January 17, 2019

Hi Carol,

Thank you for reaching out to finder.

BUA Credit Card cardholders are eligible for the following covers:

• International Travel Insurance

• Transit Accident Insurance

• Purchase Protection Insurance.

Domestic travel is note included in the coverage. Hope this helps!

Cheers,

Reggie

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Jess

November 02, 2016

How many CUA points equals 1 frequent flyers point?

May Finder

November 02, 2016

Hi Jess,

Thank you for your inquiry.

The conversion of the CUA point to a frequent flyer point will depend on the FF program. Though transferring of your CUA points to FF points is not possible, you may be able to redeem them for flights with Qantas, Virgin Australia and Singapore Airlines. To redeem, please visit the CUA Rewards website.

Cheers,

May

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peter

October 06, 2016

Can you do the balance transfer at 0% for 13 months – CUA platinum card after you received the card? Or have to do the balance transfer at point of application of CUA card?

Thanks

Peter

Anndy Lou Finder

November 01, 2016

HI Peter,

Thanks for your question.

Based on the terms and conditions of this card, balance transfers must be applied for within 3 months of the Disclosure Date in your Offer and Card Contract.

Cheers,

Anndy

E.M

July 07, 2016

What is the minimum required income to be accepted for a $5,000 credit card?

May Finder

July 07, 2016

Hi E.M,

Thanks for your question.

Just to confirm, the minimum credit limit that you can request or will be approved for CUA Platinum Credit Card is $6,000. As for the exact figure for the income requirement, that will be determined by CUA. You may contact them directly to verify.

Please find CUA’s contact details I’ve sent to your email.

I hope this has helped.

Cheers,

May

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max

November 27, 2015

Hi,

Does this card provide car hire insurance?

Arra Salas Finder

November 27, 2015

Hi Max,

Thanks for your inquiry.

While the CUA Platinum MasterCard does not include car hire insurance, you can refer to our list of credit cards that offer car rental excess insurance. Select ‘Go to site’ to head over to their website to apply. Please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions before making a decision on whether it is right for you.

I hope this has helped.

Cheers,

Arra

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Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

Great Southern Bank Platinum Credit Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

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