G&C Mutual Bank’s credit card stands above all others

G&C Mutual Bank is a favourite in InfoChoice’s annual awards.

Last year the customer owned institution was awarded InfoChoice Home Loan Lender of the Year in the Customer Owned Category in the Home Loan Awards.

This year, G&C Mutual Bank has won Credit Card Provider of the Year in the Customer Owned Institution category.

The award comes in this year’s inaugural Banking Awards and G&C Mutual Bank has won two product awards: low fee and low-rate credit cards for its Low Rate Visa Credit Card.

Why does G&C Mutual Bank’s low rate credit card product stand out?

With low rates, low fees, and low costs, G&C Mutual Bank’s award-winning Low Rate Visa Credit Card is  one of the most competitive in the market.

It is defined by outstanding features including:


– One of the lowest ongoing purchase rates in the market


– Up to 50 days interest free

– Low annual fee

Let’s break G&C Mutual Bank’s Low Rate Visa Credit Card product down and examine why its features contributed to G&C Mutual Bank winning the InfoChoice Credit Card Provider of the Year in the Customer Owned Institution category.

Low Rate Visa Credit Card

G&C Mutual Bank’s Low Rate Visa Credit Card is an award-winning  credit card which features one of the lowest ongoing purchase rates in the market.

It is further defined by up to 50 days interest free and a low annual fee.

The current purchase rate is 7.49% per annum and the cash advance rate is 15.49% per annum.

The annual fee is $50 and there is no joining fee or supplementary card fee. The minimum repayment is just 3% or $20 of the balance. Interest is charged from the due date and customers should be aware of the $15 late payment fee.

“G&C Mutual Bank provides excellent value credit cards and is a worthy winner of the InfoChoice Credit Card Provider of the Year in the Customer Owned Institution category,” InfoChoice CEO Vadim Taube said.

“The company’s credit cards meet our criteria for providing outstanding value to customers. In our aim to increase awareness of the range of products available to consumers and promote competition within the market, G&C Mutual Bank is a standout and we are happy to promote its products via our awards,” Vadim said.

Other features

Recently, G&C Mutual Bank’s credit cards had a range of key features implemented, making these cards stronger than ever.

Features include:


– Latest security specifications including updated chip technology

– Improved contactless performance to provide a better user experience

– Simplified card design

Why are its credit card rates and fees low?

Put simply, the rates and fees are so competitive because G&C Mutual Bank is a customer owned institution.

G&C Mutual Bank is dedicated to delivering customer-centric products and initiatives that benefit its members and the community.

This is a member-owned community bank built around the idea that – It’s your bank, because you own it.

As a community bank, that has been operating since 1959,G&C Mutual Bank’s members all have a say in the bank’s future. The bank makes ethical decisions and reinvests its profits to provide better products and services for its members – including low fees, and low rate credit cards.

The best of the best

Through its awards, InfoChoice highlights some of the best available products on the market.

In terms of its credit cards, G&C Mutual Bank is a worthy winner at the InfoChoice 2021 Banking Awards in the credit card category.

G&C Mutual Bank’s Low Rate Visa Credit Card is certainly one of the most outstanding credit card products available in Australia.

We like its low rates and low fees, its payment terms and flexibility, and it is these features that helped make deciding the winner easier.

However, G&C Mutual Bank’s commitment to its members, who each year are invited to have their say on how the bank is run, should also be noted.

With the bank and its members working together, G&C Mutual Bank can deliver community-focused initiatives and competitive interest rates on a regular basis.

We congratulate G&C Mutual Bank as a worthy winner at the InfoChoice 2021 Banking Awards for Credit Card Provider of the Year in the Customer Owned Institution category.

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