Greater Bank Visa Credit Card - Review | Finder

Greater Bank Visa Credit Card

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Take advantage of a low interest rate on purchases while enjoying the savings from a bank owned by customers.

The Greater Bank Visa Credit Card can be seen as a 'greater' option in more ways than one, and is worth considering if you're looking for a credit card. The Greater Bank offers you a card with all the basic features you want without paying for the extras you don't need. You can enjoy a low interest rate on purchases and cash advances, and can also avoid paying the annual fee after the first year. Take a look at the features this card has to offer and see if it's right for you.

9.95% p.a.

Balance transfer rate

9.95% p.a.

Purchase rate

$49 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameGreater Bank Visa Credit Card
Balance transfer rate9.95% p.a.
Purchase rate9.95% p.a.
Annual fee$49
Interest-free periodUp to 55 days on purchases
Cash advance rate9.95% p.a.
Min credit limit$1,000
Max credit limit$25,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo

Pros

  • The $49 annual fee will be waived when you spend $12,000 annually after the first year
  • A low variable interest rate of 9.95% p.a. on purchases and cash advances
  • 55 days interest-free on purchases

Cons

  • No rewards program or travel insurance
Bonus pointsN/A
Annual fee$49
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee$1.50
Overseas cash advance fee$4

How to apply

To apply for the Greater Bank Visa Credit Card you can follow the secure link on this page to the online application form. When you complete the application you will need to print it off and sign it, and then send that along with other required documents to The Greater Bank for verification.

Eligibility criteria

To be eligible for this card you'll need to meet the following:

  • Be aged 18 years or older
  • Have a good credit history

Card benefits

  • Low interest rate. The 9.95% interest rate on the card is among the lowest currently on offer.
  • Save on the annual fee. The $49 annual fee will be waived after the first year if you spend at least $12,000 on the card annually.

Rates & fees

  • Balance transfer rate. If you are bringing over an existing credit card balance, you will be charged a rate of 9.95%, as there is no promotional balance transfer offer.
  • Cash advance fee. A cash advance fee of $1.50 will apply to any domestic cash advance transaction.

While the Greater Bank Visa could be a great options for those looking for a low rate, no-frills card, be sure to compare your options before deciding to apply for any credit card.

Compare low rate credit cards

Data updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Coles No Annual Fee Mastercard - Exclusive Offer
0% p.a. for 12 months, reverts to 19.99% p.a.
Up to 55 days on purchases
$0
0% p.a. for 12 months
Finder Exclusive
Earn 10,000 bonus Flybuys points and save on interest charges with 0% p.a. on balance transfers and purchases for 12 months.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($58 p.a. thereafter)
0% p.a. for 20 months
Save with 0% p.a. on balance transfers for 20 months (with no BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55
0% p.a. for 28 months
Enjoy a 0% interest rate on balance transfers for 28 months, with no balance transfer fee.
Bendigo Bank Low Rate Credit Card
11.99% p.a.
Up to 55 days on purchases
$45
0% p.a. for 24 months with 2% balance transfer fee
Save with 0% p.a. on balance transfers for 24 months (with a 2% BT fee). Plus a 11.99% p.a. purchase interest rate.
ANZ Platinum Credit Card
0% p.a. for 17 months, reverts to 20.24% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($87 p.a. thereafter)
20.24% p.a.
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Bankwest Breeze Classic Mastercard
10.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($49 p.a. thereafter)
0% p.a. for 26 months with 2% balance transfer fee
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
Bankwest Breeze Platinum Mastercard
10.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($69 p.a. thereafter)
0% p.a. for 26 months with 2% balance transfer fee
Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.
Coles Low Rate Mastercard
12.99% p.a.
Up to 55 days on purchases
$58
0% p.a. for 15 months
Enjoy a 0% interest on balance transfers for 15 months, with no BT fee. Plus, earn Flybuys points as you spend.
Citi Clear Card
14.99% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 15 months
Get $250 cashback when you spend $3,000 within the first 90 days. Plus, a 0% balance transfer offer and first-year annual fee discount.
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($59 p.a. thereafter)
0% p.a. for 28 months with 1% balance transfer fee
Save with a $0 annual fee for the first year, plus, a 0% interest rate on balance transfers for 28 months.
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