Visa Credit Card

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Basic

Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$10
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
0
Annual Fee
Annual Fee
$49
Late Payment Fee
Late Payment Fee
$20
Over limit fee
Over limit fee
Duplicate statement fee
Duplicate statement fee
$15
Supplementary card annual fee
Supplementary card annual fee
$5
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$10
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
0
Annual Fee
Annual Fee
$49
Late Payment Fee
Late Payment Fee
$20
Over limit fee
Over limit fee
Duplicate statement fee
Duplicate statement fee
$15
Supplementary card annual fee
Supplementary card annual fee
$5
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
11.95%
Cash advance rate
Cash advance rate
11.95%
Purchase Rate
Purchase Rate
11.95%
Cash advance rate
Cash advance rate
11.95%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
Transfer Limit
Transfer Limit
No set max
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
Transfer Limit
Transfer Limit
No set max
Balance Transfer Fee
Balance Transfer Fee
$0

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$4
Estimated ATM Cost
Estimated ATM Cost
$13
for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$4
Estimated ATM Cost
Estimated ATM Cost
$13
for AU $300 withdrawal

Rewards

Program name
Program name
Rewards Available
Rewards Available
Program name
Program name
Rewards Available
Rewards Available

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
$20,000
Eligibility conditions
Eligibility conditions
A permanent residence within NSW, QLD or the ACT
Minimum age
Minimum age
18
Minimum income
Minimum income
$20,000
Eligibility conditions
Eligibility conditions
A permanent residence within NSW, QLD or the ACT

Perks

    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.

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