G&C Mutual Bank Platinum Visa Credit Card review

Earn Qantas Points as you spend with the G&C Mutual Bank Platinum Visa Credit Card.

The G&C Mutual Bank Platinum Visa Credit Card comes linked to the Qantas Frequent Flyer Program, which gives you multiple ways to redeem your accumulated points.

This platinum credit card offers complimentary travel and insurance covers, which you can make use of in different situations. Plus, you can turn to a platinum concierge service at any time of the day or night. If you use this card in the right way, you can get up to 50 interest-free days on purchases.

Product NameG&C Mutual Bank Platinum Visa Credit Card
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)18.74% p.a.
Annual fee$249 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.)19.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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 InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$249 p.a.
Minimum Monthly Repayment3% or $20, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Additional Cardholder Fee$0
Number of Additional Cardholders1
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ spent (VISA/MC)0.85

Benefits of G&C Mutual Bank Platinum Visa Credit Card

If you plan to use G&C Mutual Bank Platinum Visa Credit Card you can look forward to the following benefits:

  • Qantas points. You stand to earn 0.85 Qantas point for every dollar spent on eligible purchases. You can earn 1 Qantas points for every dollar spent on particular Qantas products and services in Australia. If you’re not an existing Qantas Frequent Flyer Program member, you’ll receive a free membership, which is a saving of $89.50.
  • Complimentary insurance covers. This platinum credit card offers various complimentary insurance covers, which include overseas travel insurance, transport accident insurance, domestic flight inconvenience insurance, global car hire excess waiver, purchase security insurance and best price guarantee.
  • Platinum concierge service. All cardholders get round-the-clock access to a global platinum concierge service. This service can provide information about travel documents, make travel arrangements, and offer assistance with translation and messaging.

Features of the G&C Mutual Bank Platinum Visa Credit Card

Before you apply, take some time to go through the following:

  • Annual fee. This credit card charges an ongoing annual fee of $249.
  • Minimum credit limit. The minimum credit limit of this card is $6,000.
  • Interest-free days. If you pay your account’s closing balance in full each month, you can use as many as 50 interest-free days on purchases.
  • Rewards for spending. When it comes to redeeming your Qantas points for rewards, you get to choose between flight tickets, flight upgrades, hotel stays and a range of merchandise.
  • Complimentary insurances. Purchases you make using this card receive protection through complimentary purchase insurances. When you use this card to pay for travel, you can make use of various travel insurances.
  • Supplementary card. You can request for a supplementary card linked to your primary card, at the time of application or later. Bear in mind that you remain liable for all transactions made using any such supplementary card.
  • 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 your credit card details make it to the Internet, Verified by Visa works as an additional line of defence.

How to apply for the G&C Mutual Bank Platinum Visa Credit Card

You can apply online, you can download and print an application form, you can speak with a G&C Mutual Bank representative over the phone, or you can simply walk into the nearest service centre. In any case, you’ll have to meet the following eligibility criteria to apply.

Eligibility criteria

  • You’re at least 18 years old
  • You’re a permanent resident of Australia
  • You have good credit history

Required documents

  • Your complete name, date of birth, marital status and number of dependants.
  • Details from an identification document like your Australian driver’s license or passport.
  • Your residential status, residential address, phone number and email address.
  • Your employer’s name, phone number and address.
  • Details about your income, expenses, assets and liabilities.

If you think you’ll make regular use of this card to offset the annual fees it charges, you can consider applying for it, but since you can find other cards with similar features on the market, it’s worthwhile to compare a few.

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Credit Cards Comparison

Rates last updated November 15th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Citi Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months (reverts to 20.99% p.a.)
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Virgin Australia Velocity Flyer Card - Exclusive Offer
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Save on credit card costs with half the annual fee for the first year and a 0% p.a. interest rate on purchases for 14 months.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
finder Exclusive:
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).

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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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