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.

If you’re a new customer, you can also save with a $0 annual fee in the first year ($149 p.a. thereafter) and 0% p.a. on balance transfers for 25 months, with no balance transfer fee.

Great Southern Bank was previously known as CUA, and rebranded on 1 June 2021. It is still Australia’s largest customer-owned bank and has been running for 75 years

No reviews yet. Write a review

Amy Bradney-George

Last Updated May 7, 2021

0% p.a.

Balance transfer rate

for 25 months

19.99% p.a.

Purchase rate

Reward point

Per $ spent

$0 p.a.

Annual fee

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

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	Great Southern Bank Platinum Credit Card
Rewards program	Great Southern Bank Rewards
Balance transfer rate p.a.	0% for 25 months
Balance transfer revert rate	Cash Advance Rate (21.74% p.a.)
Balance transfer limit	80% of available limit
Purchase rate p.a.	19.99%
Annual fee	$0 for the first year ($149 thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$5,000
Card type	Mastercard
Foreign currency conversion fee	3.4%

Available to temporary residents	No
Joint application	No

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 program	Great Southern Bank Rewards
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	100,000

Annual fee	$0 for the first year ($149 thereafter)
Minimum monthly repayment	3% of the closing balance or $35, whichever is greater
Late payment fee	$12.50
Foreign currency conversion fee	3.4%
Cash advance fee	2% or $3.50, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	9

Review by

Amy Bradney-George

amy.bradney-george@finder.com

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 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.

If you’re focused on paying down your existing credit card debt, the balance transfer offer on this card gives you 0% p.a. for 25 months and doesn’t charge a balance transfer fee. But, with an annual fee of $149 (waived in the first year) and a purchase rate of 19.99% p.a., it is worth comparing this card to other options before deciding if it’s a good fit for your goals.

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.

Bankruptcy status. You must not currently be bankrupt.

Required documents

Personal information. This includes your full name, date of birth, residential address, email address and contact number. You'll also have to provide a valid form of ID such as your driver's licence, passport or Medicare number.
Employment details. You need to provide information about your current employment situation, including your role, salary and employer's contact information. You also need to include documents that verify these details, such as recent payslips or a PAYG payment summary from your employer.
Financial information. This covers any income from other sources, assets such as savings accounts and existing debts you may have from other cards, loans or mortgages. You'll also need to provide details of your household expenses such as rent, grocery shopping and transport costs.
Balance transfer details. If you want to take advantage of the balance transfer offer on this card, you need to provide details including the account name, account number, BSB and the total amount of debt that you want to transfer. Note that you can request a balance transfer worth up to 80% of your available credit limit from Australian credit cards not issued by Great Southern Bank.

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.

Rewards program. This card earns 1 rewards point per dollar spent which can be redeemed for gift cards, technology, travel and the wide range of other options available through the Great Southern Bank Platinum Rewards program.
Interest-free days. This card gives you up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement.
Complimentary international travel insurance. The Great Southern Bank Platinum comes with complimentary international travel insurance when you use the card for at least $500 of your prepaid travel expenses, such as flights, accommodation or car hire. This cover also extends to your spouse and/or dependent children when they are travelling with you and at least $500 of their prepaid travel expenses are booked with the card.
Transit accident insurance. This cover offers protection against losses that are a result of injuries you may sustain on planes, trains, tourist buses or short-haul ferries. It is available when you have paid for the entire trip fare with the card.
Purchase protection insurance. Items you buy with this card are covered against accidental damage, loss or theft for 90 days from the date of the purchase.
Mobile payment compatibility. You can link this card to both the Apple Pay and Google Pay wallets to make contactless payments with your smartphone.

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.

Currency conversion fee. Purchases made in a foreign currency when you are overseas or shopping online attract a charge worth 3.4% of the total transaction.
Reward points cap. The amount of reward points you can earn is limited to 100,000 per year. At a rate of 1 point per $1, you would have to spend $100,000 per year to reach this cap.

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

31 Comments

Carol
January 16, 2019

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

Reply
- finder 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
  
  Reply
Jess
November 3, 2016

How many CUA points equals 1 frequent flyers point?

Reply
- finder 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
  
  Reply
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

Reply
- finder 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
  
  Reply
E.M
July 7, 2016

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

Reply
- finder 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
  
  Reply
max
November 27, 2015

Hi,
Does this card provide car hire insurance?

Reply
- finder 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
  
  Reply

Card Types

Cards from

Credit Cards Tips

Balance Transfer Calculator

Great Southern Bank Platinum Credit Card