G&C Mutual Bank Platinum Visa Credit Card

Earn up to 1.85 Qantas Points per $1 you spend with the G&C Mutual Bank Platinum Visa Credit Card.

The G&C Mutual Bank Platinum Visa credit card is linked to the Qantas Frequent Flyer program, so you can earn points as you spend and redeem them for flights, accommodation and other rewards. Cardholders can also take advantage of a 24/7 concierge service.

Sally McMullen

Last Updated Oct 2, 2020

18.74% p.a.

Purchase rate

0.85

Reward points

Per $ spent

$249 p.a.

Annual fee

50 days

Interest free period

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Details

Product Name	G&C Mutual Bank Platinum Visa Credit Card
Rewards program	Qantas Frequent Flyer
Purchase rate	18.74% p.a.
Annual fee	$249
Interest-free period	Up to 50 days on purchases
Cash advance rate	19.74% p.a.
Min credit limit	$6,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	No

Pros

Earn 0.85 bonus Qantas Point per $1 spent on eligible purchases.
Earn additional 1 Qantas Point per $1 spent on eligible Qantas products.
Complimentary Qantas Frequent Flyer membership

Cons

A high standard annual fee of $249 p.a.
This card only has up to 50 days interest-free on purchases as opposed to other cards that offer up to 55 days.

Rewards program	Qantas Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	0.85

Annual fee	$249
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
Additional cardholder fee	$0
Number of additional cardholders	1

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The G&C Mutual Bank Platinum Visa credit card has a competitive earn rate that could help maximise how many Qantas Points you collect as you spend. Unlike some other Qantas cards, it doesn’t come with an introductory bonus points offer or extra perks like airport lounge passes though.

It charges a $249 annual fee, which is relatively high when compared to other Qantas Frequent Flyer credit cards that don’t offer bonus points. Like most premium cards, the G&C Mutual Bank Platinum Visa credit card charges a high purchase interest rate. With that being said, it’s better suited to cardholders who can pay their balances in full each month.

How to apply

You can apply for the G&C Mutual Bank Platinum Visa credit card online. Before you get started, you should check if you meet the eligibility requirements and have the information you need to complete the application.

Eligibility criteria

Residency. This card is only available to Australian or New Zealand citizens or an Australian permanent residents.
Employment. You must be eligible to work in Australia and employed or earning a regular income.

Credit history. You'll need to have a good credit score and mustn't be bankrupt.
Age. You must be at least 18 years old.

Required documents

Personal details. You'll need to confirm your full name, marital status, number of dependents, email address and contact information. If you're applying for an additional cardholder, you'll need to list their personal details too.
Employment. This includes your employment status and how much you earn before tax.
Finances. You'll need to list your estimated living expenses as well as any liabilities including a mortgage, credit card or HECS loan. You'll be asked to confirm your assets including any savings or investments as well.

Card benefits

Earn Qantas points. You'll earn 0.85 Qantas Point per $1 spent on eligible purchases. You can also earn 1 additional Qantas Point per $1 spent on eligible Qantas products and services in Australia. If you're not already a Qantas Frequent Flyer, you'll receive complimentary member and save on the $99.50 joining fee.
Platinum concierge service. You can take advantage of round-the-clock access to a global platinum concierge service. Your concierge can help with travel, entertainment and lifestyle requests including booking accommodation, making a restaurant reservation or sending a gift to a family member.

Card security. This card comes with an embedded microchip that offers greater protection against fraud when compared to cards that rely solely on magnetic strips. When you're shopping online, the Visa Secure verification service helps protect you against unauthorised transactions.

Rates & fees

Annual fee. This credit card charges an ongoing annual fee of $249 p.a.
Purchase interest rate. Purchases will attract a 18.74% p.a. interest rate.
Cash advances. If you use your card to make a cash advance (like an ATM withdrawal), you'll immediately attract the 19.74% p.a. interest rate and will be charged a $5 fee.

Interest-free days. You can access up to 50 interest-free days on purchases when you pay your balance in full by the statement due date.
Minimum credit limit. The minimum credit limit you can apply for is $6,000.
Supplementary card. You can request for a supplementary card linked to your primary card at the time of application or later. The primary cardholder remains liable for all transactions made using an additional card.

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G&C Mutual Bank Platinum Visa Credit Card