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Great Southern Bank Low Rate Credit Card

Get a low interest rate of 11.99% on purchases and save with a $0 annual fee for the first year.

The Great Southern Bank Low Rate gives you a way to consolidate existing credit card debt, with 0% p.a. on balance transfers for the first 33 months and no balance transfer fee.

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0% p.a.

Balance transfer rate

for 33 months

11.99% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($49 p.a. thereafter)

55 days

Interest free period

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Product NameGreat Southern Bank Low Rate Credit Card
Balance transfer rate p.a.0% for 33 months
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit80% of available limit
Purchase rate p.a.11.99%
Annual fee$0 for the first year ($49 thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$500
Card typeMastercard
Foreign currency conversion fee3.4%
Available to temporary residentsNo
Joint applicationNo


  • $0 annual fee for the first year ($49 p.a. thereafter)
  • 0% for the first 33 months, with no balance transfer fee
  • A low variable rate of 11.99% p.a. applies on purchases


  • This credit card is not linked to any rewards program
Bonus pointsN/A
Annual fee$0 for the first year ($49 thereafter)
Minimum monthly repayment3% of the closing balance or $35, whichever is greater
Late payment fee$12.50
Foreign currency conversion fee3.4%
Cash advance fee2% or $3.50, whichever is greater
Number of additional cardholders9

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Great Southern Bank Low Rate credit card features a 11.99% p.a. purchase rate that is on par or slightly lower than some of the other cards in this category. Its annual fee is also competitive for this category, with a $0 fee in the first year and $49 p.a. per year after that. An added bonus for tech-savvy shoppers is that it’s compatible with both Apple Pay and Google Pay, allowing you to tap and pay with your smartphone.

If you want to pay off your existing credit card debt, the Great Southern Bank Low Rate’s balance transfer offer gives you an introductory rate of 0% p.a. for 33 months when you request a balance transfer within the first 3 months you have the card. This is different to the many balance transfer offers that are only available if you request a balance transfer at the time of your application.

How to apply

If you've compared your options and decided on the Great Southern Bank Low Rate Credit Card, you can apply online by filling out a secure application form. Get started by checking the following eligibility criteria and making sure you have all the details and documents needed for the application.

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.

Card benefits

  • $0 annual fee for the first year. After the first 12 months, an annual fee of $49 p.a. will apply for this card.
  • Balance transfer offer. This card offers an introductory 0% p.a. interest rate for 33 months on balance transfers from Australian credit cards not issued by Great Southern Bank. At the end of the introductory period, any outstanding balance from balance transfers will attract interest at the card's cash advance rate of 21.74% p.a. If you are paying off a balance transfer, be aware that you won't be eligible for interest-free days on new purchases.

Rates & fees

  • Interest-free days. If you pay your account's closing balance in full by the due date on each statement, you can take advantage of up to 55 interest-free days on purchases.
  • Cash advance rate. If you use this card to withdraw cash or for any other cash advance transaction, an interest rate of 21.74% p.a. will apply from the date of the transaction.

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  1. Default Gravatar
    September 27, 2019

    Can a cash advance be made into my CUA only account?

    • Default Gravatar
      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!


  2. Default Gravatar
    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.


    • Avatarfinder Customer Care
      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.


  3. Default Gravatar
    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,

    • Default Gravatar
      June 22, 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.


  4. Default Gravatar
    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!

    • Default Gravatar
      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.


  5. Default Gravatar
    May 5, 2017

    Hi is there any balance transfer fees in this card?

    • Avatarfinder Customer Care
      May 5, 2017

      Hi Amit,

      Thank you for your inquiry.

      With CUA Low Rate Credit Card you can take advantage of this card’s special introductory rate of 0% p.a. on balance transfers that will stay in place for 13 months. At the end of the introductory period, any outstanding balance from balance transfers will attract interest at the card’s cash advance rate.

      I hope this information has helped.


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