Greater Bank Visa Credit Card

Information verified correct on September 27th, 2016

Take advantage of a low interest rate on purchases while enjoying the savings from a financial institution run for members.

The Greater Bank Visa Credit Card can be seen as a ‘greater’ option in more ways than one, and is worth considering if you’re looking for a credit card. The Greater Bank offers you a card with all the basic features you want without paying for the extras you don’t need. You can enjoy a low interest rate on purchases and cash advances, and can also avoid paying the annual fee after the first year. The Visa option means you also have access to the Visa perks on offer, such as V.me by Visa and Verified by Visa, both of which can help secure your online purchases. Take a look at the features this card has to offer and see if it’s right for you.

Product NameGreater Bank Visa Credit Card
Purchase rate (p.a.)11.95% p.a.
Annual fee$40 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not 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 55 days on purchases
Cash advance rate (p.a.)11.95% 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.
$1,000
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%
Minimum Income$20,000
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$20,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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.
$1,000
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$40 p.a.
Minimum Repayment3%
Late Payment Fee$20
Over Limit Fee$0
Cash Advance Fee1% of the cash advance amount or $1.501% of the cash advance amount or $1.50
Overseas Cash Advance Fee1% of the cash advance amount or $4.00
Overseas Emergency Replacement$100
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Benefits of the Greater Bank Visa Credit Card

  • Security. You have the option of registering for Verified by Visa, which is a free service that provides extra protection when you shop online with your card with a personal password at participating retailers. The card also has chip technology for added security.
  • Savings. Cardholders have free access to internet, phone and mobile banking services with the Greater Bank.
  • Interest-free days. You can enjoy 55 days interest-free on purchases if you pay your balance in full each month.
  • Save on the annual fee. No annual fee, if you spend a minimum of $10,000 annually after the first year.
  • Access. You can get access to your money at millions of locations with Visa and can also use your card to pay with BPAY. You also have the option of visiting the Greater Bank’s 65 branches across NSW and QLD.
  • V.me by Visa. Along with Verified by Visa, cardholders can also enjoy additional online security through V.me by Visa. To have access to this service you can apply online and enter your personal and security details, and then simply add as many cards as you want to your account. You can register cards from a few different providers, including MasterCard and American Express. Using your account you can manage all your payments and postal preferences, and then use any of your linked cards to pay for products or services online. This system also gives you the option of tracking online purchases with alerts so you can have peace of mind that only you are using your money. Please note you can only use V.me by Visa with participating retailers.

Features of the Greater Bank Visa Credit Card

  • Annual fee. Pay a low annual fee of $40 p.a.. However, this will be waived provided you spend a minimum of $10,000 annually after the first year.
  • Low interest rate. The 11.95% p.a. interest rate on the card is among the lowest currently on offer.
  • Balance transfer rate. If you are bringing over an existing credit card balance, you will be charged quite a high rate of 11.95% p.a.
  • Bonus points. Apart from reward points, some rewards cards may offer extra bonus points for shopping at partner dealers, allowing you to accumulate more points.
  • Interest-free days. The Greater Bank offers you access to certain perks when you budget properly, such as 55 interest-free on purchases when you pay your balance in full each month.
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How to apply for the Greater Bank Visa Credit Card

To apply for the Greater Bank Visa Credit Card you can follow the secure link on this page to the online application form. When you complete the application you will need to print it off and sign it, and then send that along with other required documents to The Greater Bank for verification.

Eligibility criteria

To be eligible for this card you’ll need to meet the following:

  • Be aged 18 years or older
  • Earn a minimum income of $20,000 p.a.
  • Have a good credit history
  • Be a permanent Australian resident
  • Only available to residents of NSW and QLD

Required documents

You will need to supply the following information to complete the application process:

  • Your current and previous employer’s personal and contact details
  • If you are self-employed you will need to provide the last two years’ Notice of Assessments from the ATO
  • Details of your income along with two current payslips
  • Current loan repayments and current credit and store card limits and the value of any assets you own
  • If you require a balance transfer you will need to provide your latest credit card statement
  • A copy of your current photo ID
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