Great Southern Bank Platinum Credit Card

Earn reward points for your everyday spending and enjoy complimentary travel insurance – plus a $0 annual fee for the first year.

The Great Southern Bank Platinum credit card earns 1 point per $1 spent on purchases through the Great Southern Bank Platinum Rewards program, with rewards including travel, gift cards and merchandise.

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0% p.a.

Balance transfer rate

for 25 months

19.99% p.a.

Purchase rate

1

Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($149 p.a. thereafter)

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Details

Product NameGreat Southern Bank Platinum Credit Card
Rewards programCUA Platinum Rewards Program
Balance transfer rate0% p.a. for 25 months
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit80% of available limit
Purchase rate19.99% p.a.
Annual fee$0 annual fee for the first year ($149 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$5,000
Card typeMastercard
Foreign currency conversion fee3.4%
Available to temporary residentsNo
Joint applicationNo

Pros

  • $0 annual fee for the first year
  • 0% on balance transfers for the first 25 months, with no balance transfer fee
  • Includes complimentary insurances such as international travel insurance, purchase cover insurance and transit accident insurance.

Cons

  • High interest rate of 19.99% p.a. on purchases
  • Balance transfer reverts to the high cash advance rate of 21.74% p.a. at the end of the introductory period
Rewards programCUA Platinum Rewards Program
Bonus pointsN/A
Rewards points per $ spent1
Rewards points cap100,000
Annual fee$0 annual fee for the first year ($149 p.a. 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
Additional cardholder fee$0
Number of additional cardholders9
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Review by


Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Great Southern Bank Platinum is a rewards credit card that also comes with a very popular perk: complimentary international travel insurance. This gives you up to 4 months of cover when you use the card to pay for at least $500 worth of flights, accommodation or other eligible travel costs before you go away.

Making purchases with this card also earns you 1 point per $1 spent through the Great Southern Bank Platinum Rewards program. Similar to other credit card reward programs, this one offers a variety of gift cards, cashback on your account and retail items. You can also redeem your points for travel bookings made through the Redeem4Travel website. But, unlike some other rewards credit cards, it does not offer point transfers to frequent flyer programs.

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.

Card benefits

  • 0% p.a. for 25 months on balance transfers. You can request a balance transfer within the first 3 months of account opening to take advantage of this offer. The introductory period begins from the date the balance transfer application is processed. At the end of the introductory period, the interest rate will revert to the cash advance rate, currently 21.74% p.a. Note that interest-free days are not available when you have a balance transfer debt.
  • $0 first year annual fee. The Great Southern Bank Platinum Credit Card saves you money with an annual fee of $0 for the first year, $149 p.a. thereafter.

Rates & fees

  • 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.
  • 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.

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31 Comments

    Default Gravatar
    Carol
    January 16, 2019

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

      Avatarfinder Customer Care
      John
      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

    Default Gravatar
    jess
    November 3, 2016

    How many CUA points equals 1 frequent flyers point?

      Avatarfinder Customer Care
      May
      November 3, 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

    Default Gravatar
    peter
    October 7, 2016

    Hi

    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

      Avatarfinder Customer Care
      Dee
      November 1, 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

    Default Gravatar
    E.M
    July 7, 2016

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

      Avatarfinder Customer Care
      May
      July 7, 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

    Default Gravatar
    max
    November 27, 2015

    Hi,
    Does this card provide car hire insurance?

      Avatarfinder Customer Care
      Arra
      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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