product logo

Visa Credit Card

Compare

Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Features

The Greater Bank Visa Credit Card has a moderately low interest rate, a moderate interest-free period and a moderately low annual fee. It also features a moderate late payment fee and a low minimum credit limit.

Cardholders have access to various entertainment benefits as part of the Visa Offers program. However, this card does not come with a dedicated rewards program. It also does not offer a balance transfer deal or complimentary insurance coverage. Supplementary cards can be requested for a fee.

Security-wise, customers are protected by Verified by Visa services for online purchases. Visa PayWave also allows contactless payments to be made using the Greater Bank Visa Credit Card in-store.

Free internet and mobile banking are also available with card, including real-time payments via PayID and Osko by BPAY.

Pros
  • Moderately low interest rate
  • Moderately low annual fee
  • Visa Offers program
Cons
  • No rewards program
  • No complimentary insurance
  • No balance transfer deal

Who is it good for?

The Greater Bank Visa Credit Card may be suitable for those who want a basic credit card to use relatively infrequently. It could also be appropriate for people who want to cut down on unnecessary costs thanks to its moderately low interest rate and moderately low annual fee.

However, for those who are comfortable spending frequently on a credit card and paying it off each month, this card probably isn’t the best option as it doesn’t have a dedicated rewards program or other perks like complimentary insurance.

It also may not suit those who travel frequently as it doesn’t offer the ability to earn frequent flyer points for spending, and comes with high international spending fees.

Similarly, the Greater Bank Visa Credit Card may not be suitable for people wanting to transfer debt from another card as it doesn’t come with a balance transfer deal. 

What RateCity says

The Greater Bank Visa Credit Card is a basic card that offers few advantages aside from its moderately low interest rate and moderately low annual fee.

While its cost-cutting potential may be a drawcard for those on a budget, this card’s rates and fees aren’t the lowest on the market.

The lack of a balance transfer offer also means there isn’t much of an incentive for customers to switch to this card.

If you are looking for value for money, the Greater Bank Visa Credit Card could be sufficient – but it may also be worth shopping around to see if you can find a card with more benefits and comparably low rates and fees.

On the other hand, if you are comfortable paying off your debt in full each month, you may be better off choosing a card with a higher interest rate but more benefits. 

Applying/eligibility

To be eligible for the Greater Bank Visa Credit Card, you must be at least 18 years old and reside within New South Wales, Queensland or the ACT. You must also earn over $20,000 a year and have a satisfactory credit history. To apply, you will need to complete an ID check and provide current and previous employer details, proof of steady income (such as payslips) and information about your assets and liabilities. Applications can be completed online or in-branch. 

About Greater Bank

Greater Bank, formerly known as Greater Building Society, is a customer-owned bank and mutual financial institution headquartered in Hamilton, Queensland. The bank provides services to customers in South Wales, Queensland and the ACT through branches, its own ATM network, access to the Westpac ATM network, internet and mobile banking and a customer service call centre. The bank’s finance products include credit cards, bank accounts, home loans and personal loans, among others, as well as business banking products.

Compare your product with the big 4 banks, or add more products to compare
As seen on