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All the info on this card provided below is correct as at the time of writing (26/03/20). Please contact G&C Mutual Bank to verify current product information. Alternatively, to consider and compare other credit cards in the market, you can visit Canstar’s comparison tables.
What you need to know about the G&C Mutual Bank Low Rate Visa Credit Card
G&C Mutual Bank Low Rate Visa Credit Card rates
- Purchase rate of 7.49% p.a.
- Cash advance rate of 15.49% p.a.
- Up to 50 days interest free
G&C Mutual Bank Low Rate Visa Credit Card fees
- Annual fee: $50
- Late payment fee: $15
- Card replacement fee: $15
- Cash advance fee: $5
Other G&C Mutual Bank Low Rate Visa Credit Card product details
- Minimum credit limit of $1,000
- Minimum repayment of the greater of either 3% of the closing balance or $20 (or the full closing balance if it is less than $20)
G&C Mutual Bank Low Rate Visa Credit Card benefits
Some benefits offered to G&C Mutual Bank Low Rate Visa Credit Card cardholders include:
- A relatively low interest rate on purchases
- Up to 50 days interest free
Terms and conditions may apply to these features. Consider checking these with G&C Mutual Bank before applying for one of its credit cards.
G&C Mutual Bank Low Rate Visa Credit Card security features
G&C Mutual Bank says its Low Rate Visa Credit Card offers the following security features:
- Visa Secure, which helps to prevent the unauthorised use of your card by requiring an identity check whenever you make a purchase from a desktop, mobile, or other digital device
G&C Mutual Bank Low Rate Visa Credit Card: Potential pros and cons
We’ve rounded up some features and conditions of this card you might find helpful, and some you might find less so, depending on your situation. However, please note we’re not making a recommendation one way or the other. When researching products, it’s important to think about your own circumstances and, if you do decide that a credit card is right for you, to choose one that suits your needs.
| What you might like | What you might want to look out for |
| Relatively low purchase rate of 7.49% | If you do not pay off the card balance in full each billing period, interest will still begin to accumulate on your card which can mount up over time |
| Relatively low annual fee of $50 | Fewer features than some other credit cards in the market |
| 50 days interest free on purchases | If you do not make a repayment before the 50-day period ends you’ll incur interest |
| Information correct as of 26 March, 2020. | |
How to apply for a G&C Mutual Bank Low Rate Visa Credit Card
To be eligible to apply for the card, G&C Mutual Bank says you must:
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- Be over 18 years of age
- Be an Australian or New Zealand citizen, or an Australian permanent resident
- Be eligible to work in Australia
- Be employed or receive regular income
- Have a good credit rating
- Not be going through the process of bankruptcy
- Agree to a credit limit of at least $1,000
Before applying for a particular credit card, consider comparing your options to ensure you’re getting a product which suits your situation and spending habits.