Check out G&C Mutual Bank for credit cards with competitive rates on purchases and balance transfers
Australia has hundreds of thousands of mutual bank customers, with G&C Mutual alone having over 36,000 members. Mutual Banks are customer-owned financial institutions, and when a mutual makes a profit, customers benefit through lower rates and fees. Mutual banking societies can offer credit cards with rates and fees that stand at the front of the pack for value for money.
Choice of credit cards is where most mutual banks tend to fall short of their competition. G&C Mutual Bank offer a limited number of credit and debit card products compared to other lending institutions. But even with this narrow selection of cards, G&C Mutual bank offer products that are low on fees and big on value. Whether you’re looking to get a break on your interest repayments through a balance transfer or you want a credit card that’s cheap to use for purchases with interest-free days, G&C Mutual Bank credit cards should be part of your comparison.
G&C Mutual Bank Credit Cards
Types of G&C Mutual Bank Credit Cards
Are you looking for a credit card to use for purchases that has interest-free days and a balance transfer offer? G&C Mutual Bank credit cards offer all of the above. Compare credit cards by the card type below.
Low rate credit cards
Most low rate credit cards offer interest-free days, but if you can’t pay your balance in full when your statement comes, the purchase rate will be charged. No one likes paying interest, but it’s no so bad with a low rate card. Low rate credit cards are all about giving you a cheap way to make purchases, and the G&C Mutual Bank Low Rate Visa credit card has one of the most competitive purchase rates in the market. Compare these cards by their purchase rate and the number of interest-free days on offer. Of course, there’s the annual fee to think about too. The less you pay to own the credit card, the better. And don’t forget balance transfer and purchase rate promotions. These special deals can save you money so you can spend or save for the things that matter.
The benefits of banking with G&C Mutual Bank
Get approved for a G&C Mutual Bank credit card and find out about the benefits of banking with a mutual society.
G&C Mutual Bank — The mutual difference
Mutual Banks are owned by their customers. As such, any profits a mutual makes are reinvested into the business and come back to members in the form of credit cards with low rates, low fees and competitive promotional offers. Mutual societies like G&C Mutual Bank are also heavily involved in the community, supporting grassroots campaigns and causes. When a mutual makes money, the whole community benefits, not just the members.
G&C Mutual Bank ATM network
G&C Mutual Bank are connected to the Westpac Group ATM network. You can use your credit card to make fee-free ATM withdrawals at G&C Mutual Bank ATMs, Westpac ATMs, St.George ATMs, BankSA and Bank of Melbourne ATMs.
G&C Mutual Bank online banking
Technology has brought the local bank branch to your computer and your pocket. Log on to G&C Mutual Bank online banking and manage your credit card from home or away, 24/7. G&C Mutual Bank offer desktop online banking and smartphone APPs that eliminate the need to visit a branch to do the majority of your banking.
How to apply for a G&C Mutual Bank credit card
You can apply for a G&C Mutual Bank credit card online. The application is straightforward and only takes about ten minutes to complete. You’ll need to verify your identity as well as provide proof of your income before your application can be finalised by G&C Mutual Bank.
Information needed for a G&C Mutual Bank credit card application
Make sure you have information about your finances and personal identity documents (like a driver’s licence if you’ve got one) when you start your application for a G&C Mutual Bank credit card.
- Personal details. Provide basic information about yourself like your name, date of birth, home address and contact details. If you’ve been living at your current address for less than two years, you’ll need to enter your previous residential address too.
- Identity verification. You will need to verify your identity to complete the application. You can do this by providing your medicare or driver’s licence number. If you don’t have this information on hand, you can still complete the application and a G&C Mutual Bank representative will be in touch to complete the identity verification process.
- Financial information. The application requires you to provide details about your employment situation and your income. Students and the unemployed can apply for this credit card provided they earn an income sufficient to service the minimum credit limit. If you would like to take advantage of the money-saving balance transfer feature, enter the account details of the non-G&C Mutual Bank credit cards or store cards you wish to transfer from. Make sure you also have an idea about your expenditure. G&C Mutual Bank calculates your credit limit based on your income, assets and your liabilities and ongoing expenses.
What happens next?
Once you submit the online application, a G&C Mutual Bank credit card team member will contact you the next business day to finalise your application. You may need to provide proof of your identity displaying your signature, proof of your income (two most recent payslips or your most recent tax return and your most recent bank and credit card statements (if applicable). Once this has been finalised, you should receive your G&C Mutual Bank Credit Card within five to seven business days.
Frequently asked questions
Check the FAQs for answers to the common questions about G&C Mutual Bank credit cards. You can also ask us a question by completing the form at the bottom of the page.
How do I transfer a balance to a G&C Mutual Bank credit card?
When you apply for a G&C Mutual Bank credit card, tick the box that asks you if you want to transfer a balance from a non-G&C Mutual Bank credit or store card. You’re then prompted to enter the account details of the cards you wish to transfer from.
Make note of the following if you want to transfer a balance to a G&C Mutual Bank credit card.
- Only Australian issued credit and store cards can be included in a balance transfer to a G&C Mutual Bank credit card
- You must be the primary cardholder on all accounts
- The minimum balance transfer amount is $500
- You can use up to your approved credit limit on your G&C credit card towards a balance transfer
- At the end of the promotional period, the cash advance rate of interest is charged on any unpaid balance transfer balance
Once you receive and activate your G&C Mutual Bank credit card, the balance transfer is processed automatically.
How much do I have to pay off my card each month?
If you’re carrying a balance on your credit card, every card has a minimum amount you need to pay back to stop your account from going into default. This is known as the minimum monthly repayment. You can find information about the minimum repayment on our review pages, but as a rule of thumb, it’s generally a small percentage of your total balance owing or a dollar amount, whichever is greater.
How can I make a repayment?
Your G&C Mutual Bank credit card statement has information about the ways you can make a payment to your credit card. You can also find some general information below. Don’t worry if you there isn’t a G&C Mutual Bank branch nearby, you can always do your banking online or at an Australia Post retail outlet.
- BPAY. Make a payment to your G&C Bank credit card using BPAY from another bank’s online banking facility. The BPAY Biller Code is displayed on your credit card statement and your customer reference number is your 16 digit card number.
- Electronic Funds Transfer. Carry out a bank transfer from the online banking facility of another financial institution. Enter your account number and the G&C Mutual Bank BSB to complete the transaction.
- G&C Mutual Bank branch. G&C Mutual Bank has branches throughout NSW, so just jump on their website to find your closest branch.
- Bank@Post. Visit an Australia Post retail outlet to make withdrawals and deposits to your credit card.
- By cheque. Send a cheque to the address displayed on your G&C Mutual Bank credit card statement.
How do I get interest-free days?
Pay your closing balance in full every month and you can use your G&C Mutual Bank credit card for interest-free purchases. All you need to do is make sure you pay your account in full before the due date on your statement. ‘Up to’ interest-free days is a great money saving feature that’s the bank’s way of saying thanks for paying your card off on time, every time.
How do I register for online banking?
Once you activate your G&C Mutual Bank credit card, it’s a good idea to register your account for online banking. You can register for the Online Banking service a number of ways: over the phone, by completing and sending in an application or by applying in person at a G&C Mutual Bank Service Centre. You will be issued with a temporary password that you can use to login to your account so you can make payments and view transactions and statements from the comfort of your home or anywhere in the world at anytime of the day.
What is Visa Checkout?
If you love shopping online then you’re going to like Visa Checkout. It’s a new way to pay. Setup your Visa Checkout account with your G&C Mutual Bank credit card and enter your shipping information. Then, just enter a username and password when you want to complete a purchase from a merchant that accepts Visa Checkout. There’s no need to enter your card number and your shipping preferences.
The service is completely secure and uses Visa’s state-of-the-art fraud monitoring technology. You’re also protected by the Visa Zero Liability Policy which gives you a money back guarantee if you’re the victim of fraud when you shop online.
What is Visa payWave?
All G&C Mutual Bank credit cards come with Visa payWave, which lets you tap your credit card against a contactless terminal to pay for purchases under $100. There’s no need to enter your PIN to complete your transaction and there’s far less time spent waiting at the checkout.
While there are still a number of merchants that are installing contactless readers — Visa payWave and MasterCard PayPass readers are very common — major merchants like Coles, Woolworths and most petrol stations, for example, all let you ‘tap and go’ to pay for small purchases.
Visa payWave is a secure way to shop. All purchases using Visa payWave terminals are protected by the Visa Zero Liability Policy, which gives you your money back if you’re the victim of credit card fraud when you shop over the counter (include payWave) or online.
What do I do if my credit card is lost or stolen?
Lost or stolen credit cards must be reported to G&C Mutual Bank as soon as you find out. By reporting a lost or stolen card immediately, you’re eliminating your liability if the credit card is used without your permission.