Low 12.49% p.a. interest rate on purchases and up to 50 interest-free days.
Low annual fee of $50 p.a.
Add 5 additional cards at no cost.
Pros and cons
Low ongoing interest rate.
Low annual fee.
Up to 50 interest-free days.
The cash advance rate is 19.49% p.a.
Doesn't earn rewards.
No balance transfer offer.
Rates and fees
Additional cardholders. This card allows up to 5 additional cardholders for free, which means you can share your account with family members. There is no additional card fee. The primary cardholder will be responsible for managing the account and repayments.
Digital wallets. This card does not support Apple Pay, Google Pay, or Samsung Pay.
Gambling transactions. Gambling transactions are allowed and will incur the cash advance rate and fee.
Rewards and benefits
Complimentary travel insurance. The G&C Mutual Bank Low Rate Business Credit Card does not offer complimentary international travel insurance coverage.
Concierge services. A credit card concierge service is not available, which is typical of a low rate card.
Insurances. This card comes with fraud protection, but no other insurance features.
Rewards points. This credit card does not have a rewards program.
Sign up bonus. There is no sign up bonus.
Rates and fees
Annual fee. The annual fee for this card is $50 p.a. Though low, given the scarcity of benefits, it could be lower.
Balance transfers. This card does not have a balance transfer offer.
Cash advances. G&C Mutual Bank will apply a 19.49% p.a. rate of interest to any cash advances made with this card, with interest accruing from the day of the transaction. There is a one-off cash advance fee of $5 too.
Foreign exchange fee. Purchases made in a foreign currency online or overseas will incur a 3% fee. This fee is typical of many cards.
Interest-free period. Enjoy up to 50 days interest-free on all purchases (excluding cash advances) when you pay your closing balance in full or make the minimum required payments by the due date.
Purchases. There is no introductory offer for purchases, so the ongoing rate of 12.49% p.a. will be applied if purchases are not paid off. However, this ongoing rate is low in comparison to the average.
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