Greater Bank Visa Credit Card

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Take advantage of a low interest rate on purchases while enjoying the savings from a financial institution 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.

11.95% p.a.

Balance transfer rate

11.95% p.a.

Purchase rate

$49 p.a.

Annual fee

55 days

Interest free period

Details

Product NameGreater Bank Visa Credit Card
Balance transfer rate11.95% p.a.
Balance Transfer Revert RateCash Advance Rate (11.95% p.a.)
Purchase rate (p.a.)11.95% p.a.
Annual fee$49 p.a.
Interest free period55 days
Cash advance rate (p.a.)11.95% p.a.
Min credit limit$1,000
Max credit limit$25,000
Card typeVisa
Foreign currency conversion fee (Visa/Mastercard)3%
Complimentary travel insuranceNo
Minimum age18 years of age
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 11.95% p.a. on purchases and cash advances
  • 55 days interest-free on purchases

Cons

  • No rewards program or travel insurance
Annual fee$49 p.a.
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$20
Foreign currency conversion fee (Visa/Mastercard)3%
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 11.95% 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 11.95%, 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.

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