G&C Mutual Bank Low Rate Visa Credit Card – Rates and details

Enjoy a low interest rate on purchases and a competitive annual fee with the G&C Low Rate Visa Credit Card.

A low ongoing interest rate of 7.49% p.a. applies on purchases. You have to pay a nominal annual fee. If you use the card in the right manner, you can receive up to 50 interest-free days on purchases.
The G&C Low Rate Visa Credit Card can be used globally, since Visa is so broadly accepted.

Product NameG&C Mutual Bank Low Rate Visa Credit Card
Purchase rate (p.a.) 7.49% p.a.
Annual fee$50 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 50 days on purchases
Cash advance rate (p.a.)15.49% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$50 p.a.
Minimum Monthly Repayment5% or $20, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Cash Advance Fee$5
Overseas Cash Advance Fee$5

G&C Low Rate Visa Credit Card review

If you’re the kind of credit card user who keeps balances in the account rolling over from one month to the next, you can definitely benefit from the low purchase rate that this card charges. If you pay your account’s closing balance in full each month, you can also take advantage of up to 50 interest-free days.

Benefits of the G&C Low Rate Visa Credit Card

  • Low purchase rate. This card charges a low ongoing rate of 7.49% p.a. on purchases, including in-store, online and over-the-phone purchases. This low interest rate can help you save in the long run, especially if you struggle to pay your balance in full each month.
  • Easy access to funds, anytime. You can use this credit card wherever Visa is accepted internationally, including at ATMs and EFTPOS terminals, as well as online, mobile, and phone transactions.

G&C Low Rate Visa Credit Card features

  • Annual fee. There is an annual fee of $50 for as long as your account remains active.
  • Interest free days. You can make use of as many as 50 interest free days on purchases if you pay your account’s closing balance before each due date.
  • Additional card. You can request an additional card for any relative over 18 years of age, and you remain liable for all transactions made using this card.
  • Minimum credit limit. The minimum credit limit of this low rate Visa credit card is $1,000.
  • Visa Checkout. You can use Visa’s digital wallet service and simplify your shopping experience without needing to enter your personal and card details across multiple sites.
  • PayWave. This credit card is PayWave enabled, so you can use it to make contactless payments for purchases less than $100.
  • Verified by Visa. This online service provides additional security when making online purchases. your card details make it to the internet.

How to apply for the G&C Low Rate Visa Credit Card

You can visit a G&C Mutual Bank service centre to apply, you can apply over the phone, you can apply online, and you can also download and print an application to submit by post.

Eligibility criteria

To apply online, simply click on the ‘Go to Site’ button, after confirming that you meet the following criteria:

  • Minimum age. You’re at least 18 years old.
  • Residency. You’re a permanent resident of Australia.
  • Credit history. You have good credit history.

Required documents

To successfully complete the application you have to provide the following information:

  • Personal details. These include your name, date of birth, marital status, number of dependants, home address, phone number, and email address
  • Employment details. Your employment status along with your employer's name and contact details
  • Business details. If you’re self-employed, your occupation and the name of your business
  • Financial details. Details of your income and expenditure
  • Existing liabilities. Details of existing liabilities like loans and credit cards

If you’re looking for a no-frills credit card, this low rate credit card may be of interest. As you can find other low interest rate cards on the market, make sure to compare a few before applying.

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2 Responses

  1. Default Gravatar
    RonSeptember 4, 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

    • Default Gravatar
      JonathanSeptember 4, 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 on this page to inquire for a quote and policy cover for your needs.

      Hope this helps.


Credit Cards Comparison

Rates last updated July 18th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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