Visa Credit Card
Virgin Money Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Balance Transfer0% p.a. for 22 months on balance transfers. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 points per month).
Balance Transfer Rate
Max Free Days
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
A permanent residence within NSW, QLD or the ACT
Australia Citizen, Permanent Resident
Compare and review credit cards with similar features
Greater Bank, previously known as Greater Building Society, is a customer-owned bank and mutual financial institution headquartered in Hamilton, QLD.
The bank provides services to customers in NSW, QLD and ACT only. Its finance products include credit cards, bank accounts, home loans and personal loans, among others.
Customer service is available through branches, its own ATM network, access to the Westpac ATM network, internet and mobile banking, and a customer service call centre.
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.
- Moderately low interest rate
- Moderately low annual fee
- Visa Offers program
- 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.
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.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers: Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14. The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid. Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.
Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.
The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.
Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.
Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.