GE Money Go MasterCard – Rates & Fees

Information verified correct on February 12th, 2016

Take advantage of up to 62 days interest-free and 0% interest payment plans while earning rewards points for your purchases.

The GE Money GO MasterCard offers cardholders their choice of three 0% interest payment plans when they shop with partnered retailers. This card also comes linked to the GO Rewards program and offers up to 62 interest-free days on regular purchases. While the card doesn’t charge an annual fee, you will incur a nominal monthly account keeping fee.

Product NameGE Money 'Go' MasterCard
Rewards ProgramGO Rewards Program
Purchase rate (p.a.)21.74% p.a.
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you don't have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
up to 62 days
Cash advance rate (p.a.)29.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$600
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Minimum Monthly Repayment3%
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationYes
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating RequirementGood
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$600
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Annual Fee$0 p.a.
Minimum Repayment3%
Late Payment Fee$20
Over Limit Fee$5
Cash Advance Fee3% or $3.00, whichever is greater
Overseas Cash Advance Fee$4.00 in addition to cash advance fee
Overseas Emergency Replacement$0
Overseas ATM Balance check$4
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersNo
In BranchNo
MailYes
Rewards ProgramGO Rewards Program
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap100000
Rewards Points per $ (AMEX) Cap-1
Points Expiry36 months

GE Money GO MasterCard Review

This card comes with an interest rate of 21.74% p.a. and a cash advance rate of 29.49% p.a. The card is also linked to the GO Rewards program and you’re able to earn 1 GO Reward Point for every dollar you spend. One of the main features of the card is the three 0% interest plans on offer, which are outlined below.

Benefits of the GE Money GO MasterCard

  • 0% interest payment plans. GE Money offers three payment plans with their GO MasterCard, each to help you save on different types of purchases.
    • Interest-free plan. This plan requires you to make a minimum repayment each month, but also gives you the option of making additional repayments when you’re able to. The plans start from 6 months, and as long as you pay off your balance before the period ends you won’t pay any interest.
    • Buy now, pay later. This option has plans that are available for shorter periods, with ones starting at three months. You don’t make regular repayments, but instead make one lump sum payment to pay off your purchase. Again, you can avoid paying interest by paying off your balance within the promotional interest-free period.
    • Instalment interest-free. Plans for this option vary, but what doesn’t vary is your monthly repayments. You’ll know how much you need to pay each month, and if you ensure your balance is paid off within the promotional period, you won’t have any interest charges to worry about.
  • GO Rewards. When you use your MasterCard to make everyday purchases, you will earn rewards points for every dollar you spend. The earn rate on this card is 1 GO Rewards Point for every $1 spent. You can redeem your points for a range of gifts and services via the GO MasterCard Online Service Centre. There’s a lot of variety, with over 5,000 gifts, tickets and gift cards to choose from.
  • Insurance covers. You have the option of taking out Buyer’s Protection Insurance for 0.8% of your monthly closing balance, with a limit of $50 a month. This cost is automatically debited to your card account so you won’t have to worry about missing a payment. The cover includes:
    • Price Protection. If you make a purchase with your GO MasterCard and the price drops within six months, you can be reimbursed the difference.
    • Merchandise Protection. If anything you purchase on your card is lost, stolen or damaged within six months of purchase the repair and replacement costs will be covered.
    • Stolen Card Protection. If your card is stolen, you’ll have $200 put into your account for the inconvenience.
    • Repayment Cover. Can’t return to work due to sickness or injury? 10% of your monthly closing balance will be covered for up to three years or until you return to work.
    • Life and Critical Illness Cover. Your credit card balance up to $20,000 will be paid for if you were to become critically ill, disabled or pass away.

Features of the GE Money GO MasterCard

  • Interest rate on purchases. When you make purchases on your card, excluding those that are under a 0% interest plan, you’ll be charged a rate of 29.49% p.a.
  • Establishment fee. When you open you credit card account you’ll be charged a one-off fee of $25.
  • Interest-free days. When you pay your balance in full, not including balances part of the 0% payment plans, you can enjoy a generous up to 62 days interest free.
  • Card security. This card comes with an embedded microchip that offers greater protection against fraud when compared to cards that rely on magnetic strips. Falcon monitoring keeps an eye out for suspicious transactions, and MasterCard SecureCode provides additional security in the online marketplace.
  • MasterCard PayPass. Thanks to this technology, you can use this card to make contactless payments of less than $100.
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How to apply for the GE Money GO MasterCard

You can apply for the GE Money GO MasterCard online but bear in mind you have to meet the following eligibility criteria to apply.

Eligibility criteria:

  • You’re at least 18 years of age
  • You’re a permanent Australian resident
  • You don’t have bad credit history

Required documents:

  • Details from your Australian driver’s license, passport, or proof of age card
  • Your employer’s name and contact details
  • Your income details
  • Details of your existing debts
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Frequently asked questions

How soon can I receive my card if GE Money approves my application?

If your application is accepted, you can expect to receive your card between five to 10 working days.

How do I activate my card?

You can call GE Money’s Customer Solutions on 1300 462 273 to activate your card.

Can I choose to make a payment towards a particular 0% Interest Payment Plan purchase?

No, you cannot. GE Money uses your repayments to pay off purchases due to expire first.

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24 Responses to GE Money Go MasterCard – Rates & Fees

  1. Default Gravatar
    Rs | February 11, 2016

    What is the difference between platinum and normal mastercard?

    • Staff
      Ally | February 11, 2016

      Hi Rs,

      Thanks for your inquiry.

      By ‘normal’, do you mean ‘classic’?

      If so, the difference between the two is that the Platinum card usually has more benefits and features such as a higher credit limit, an extended warranty, a concierge service and complimentary travel insurance. However, the annual fee and minimum income requirement is also usually higher, depending on which card you’re looking into.

      To serve as your guide, you may read through our ‘What is a Platinum Credit Card’ page here. You might also want to see the different Platinum credit card options which you can compare on this page.

      I hope this has helped.

      Cheers,
      Ally

  2. Default Gravatar
    Sarah | January 13, 2016

    Can I get a go mastercard on a parenting payment from centerlink.
    Thanks

    • Staff
      Sally | January 13, 2016

      Hi Sarah,

      Thanks for your question.

      The GE Money Go MasterCard doesn’t list a required minimum income, but you are required to provide details of your income when you apply.

      Whether you receive your income from government support payments or a full-time job, your application will be reviewed based on your ability to repay (including your income and financial history).

      You may like to contact GE Money directly on 1300 462 273 to discuss your likelihood of acceptance before applying as rejected applications can have a negative impact on your credit file.

      I hope this has helped.

      Cheers,

      Sally

  3. Default Gravatar
    Sally | January 6, 2016

    Hi I just want to know if we can use the go MasterCard to book accommodation and car hire ? Also can we reduce the limit on our MasterCard that we have had for 3years

    • Staff
      Sally | January 7, 2016

      Hello Sally,

      Thanks for your question. Yes, you should have no issue using your GE Money Go MasterCard to book accommodation and car rentals.

      You can request a credit limit decrease by contacting GE Money’s customer service team on 1300 882 289. Make sure to have your account details handy before you make the call.

      I hope this has helped.

      Cheers,

      Sally

  4. Default Gravatar
    brittany | January 6, 2016

    my partner and i are trying to re-consolidate, when my daughter was born we went though a rough patch. Can we still be eligible for a small credit card. We already tried the load and didn’t get excepted.

    • Staff
      Sally | January 6, 2016

      Hi Brittany,

      Thanks for your question and we’re sorry to hear about your predicament.

      Unfortunately, as a financial comparison service and without knowing your financial history, it’s difficult to confirm whether you’ll be accepted for a credit card.

      However, a good place to start is to compare low interest credit cards. These generally have lower eligibility requirements, though you’ll still need to make sure you meet these before applying. Please note that multiple rejected applications will have a negative impact on your credit file, so you should confirm that you meet the eligibility requirements with the provider before applying. Also, avoid applying for several credit cards within a short period of time, as this will also have a negative impact on your credit file.

      Please see our guide on improving your credit file for further tips.

      You can also compare debt consolidation options for applicants with bad credit here.

      I hope this has helped.

      Cheers,

      Sally

  5. Default Gravatar
    Norm | November 4, 2015

    How is interest calculated and apportioned when there are multiple purchases with different 0% interest free periods (e.g. 36 months and 50 months)on the card at one time?

    • Staff
      Jonathan | November 5, 2015

      Hi Norm, thanks for your inquiry!

      If you have specific purchase promotions the 0% interest-free periods will run concurrently at the same time and expire when the stated promotion period has ended.

      Cheers,

      Jonathan

  6. Default Gravatar
    Heather | August 27, 2015

    I need help with credit as need $5000 for car and have bad credit that has been discharged but still there on records is there a finance to help

    • Staff
      Jonathan | August 27, 2015

      Hi Heather, thanks for your inquiry!

      Please refer to the following link for repairing your credit file.

      Cheers,

      Jonathan

  7. Default Gravatar
    Heather | August 27, 2015

    I need finance for a car and have discharged bankrupt hanging over me, is there a line of credit I can apply for that is unsecured….need car for work.

    • Staff
      Jonathan | August 27, 2015

      Hi Heather, thanks for your inquiry!

      For unsecured loans and personal loan options please refer to this page.

      Cheers,

      Jonathan

  8. Default Gravatar
    Kevin | July 15, 2015

    Hi,

    I was planning to install solar panels in my house.

    I was wondering if Go master card allows me to apply for a credit limit of say $8000 and then pay over 6 months interest free?

    Is that something GO offers? If yes, what’s the process?

    Regards,
    Kevin

    • Staff
      Sally | July 16, 2015

      Hi Kevin,

      Thank you for your inquiry,

      Credit limits vary from person to person. If you are a new applicant for the card, the information you supply in your application will help in determining your credit limit. If your application is approved, they will let you know your credit limit. It’s important to note that your credit limit can be different from your available cash limit.

      If you are applying for a credit limit increase, GE Money reviews your credit limit every 6 months.

      If you take advantage of GE Money’s interest-free plan, and as long as you pay off your balance before the period ends, you won’t pay any interest for at least six months.

      I would suggest that you contact GE Money directly to discuss your options. I hope this has helped.

      Thanks,

      Sally

  9. Default Gravatar
    lynette | July 8, 2015

    I need to log into my go mastercard so I can register for no paper bills and have them emailed to me how do I do it

    • Staff
      Sally | July 9, 2015

      Hi Lynette,

      Thanks for your question.

      You can log into your GE Money Go MasterCard account centre by signing in online using your username and password. If you haven’t already set up your online account, you’ll need to select a username and password.

      I’ve emailed you a link to the log in page.

      I hope this has helped.

      Thanks,

      Sally

  10. Default Gravatar
    jannieburton | February 1, 2015

    how do I change my go mastercard reward points to Qantas frequent flier points

    • Staff
      Jonathan | February 2, 2015

      Hi Jannieburton,

      Thanks for your inquiry!

      Please see our guide on transferring frequent flyer points on this page.

      I hope this helps!

      Cheers,

      Jonathan

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