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.

5.95% p.a.

Balance transfer rate

5.95% 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 rate5.95% p.a.
Purchase rate5.95% p.a.
Annual fee$49
Interest-free period55 days
Cash advance rate5.95% 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 5.95% p.a. on purchases and cash advances
  • 55 days interest-free on purchases

Cons

  • No rewards program or travel insurance
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 5.95% 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 5.95%, 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 indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59
0% p.a. for 24 months with 1% balance transfer fee
A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
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 25 months with 1.5% balance transfer fee
Save with 0% p.a. on balance transfers for 25 months (with a 1.5% BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bendigo Bank Low Rate Credit Card
0% p.a. for 15 months, reverts to 11.99% p.a.
Up to 55 days on purchases
$45
13.99% p.a.
Get 0% p.a. on purchases for 15 months and a $150 Woolworths Supermarket gift card when you spend $1,000 in the first 90 days. Ends 31 Jan 2021.
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.
Coles No Annual Fee Mastercard
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
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months. Ends 31 January 2021.
Defence Bank Foundation Credit Card
3.99% p.a. for 6 months, reverts to 8.99% p.a.
Up to 55 days on purchases
$45
3.99% p.a. for 6 months
Offers 3.99% interest for 6 months on purchases, balance transfers and cash advances.
American Express Business Explorer Credit Card - Exclusive Offer
3.99% p.a. for 6 months, reverts to 19.99% p.a.
Up to 55 days on purchases
$149
Finder Exclusive. Ends 01 February 2021.
ABN holders w/ $75,000 revenue. Get 120,000 bonus points when you spend $3,000 in the first 3 months. Plus, 2 airport lounge passes.
Citi Clear Card
0.9% p.a. for 15 months, reverts to 14.99% p.a.
Up to 55 days on purchases
$99
0.9% p.a. for 15 months
Save with 0.9% p.a. for 15 months on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Coles Low Rate Mastercard
12.99% p.a.
Up to 55 days on purchases
$58
0% p.a. for 6 months
Enjoy $100 off a Coles Supermarket shop and a 0% balance transfer for 6 months. Plus, earn Flybuys points as you spend. Ends 31 January 2021.
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