Credit Card Offers G&C Mutual Bank Platinum Visa Credit Card. 50,000 bonus QFF points for a new card.

[Dr Ralph]

I’ve not dealt with or seen any offers from this bank previously. But I decided to have a go and sign up.

Some key points for the current offer:

1) Sign up, spend $5000 in the first 90 days and get 50,000 bonus QFF points.

2) Annual fee of $299.

3) Earn 1 QFF point per $1 spend, up to 20,000 QFF points in a month.

4) No fee for an additional card holder.

5) Note for new customers only (a 24 month exclusion period for this card).

Platinum Visa Credit Card | Apply online | G&C Mutual Bank

All the things you expect from a premium Visa credit card including Qantas Points on eligible purchases.

www.gcmutual.bank

 

[flapper]

I just saw this one too and think it will be my next CC, as my 70K from Suncorp just hit my account. I'm running out of banks as I have to wait a few months for the 12 months from closing a CC to tick over.

 

[Dr Ralph]

I just saw this one too and think it will be my next CC, as my 70K from Suncorp just hit my account. I'm running out of banks as I have to wait a few months for the 12 months from closing a CC to tick over.

Same. As well, NAB now 18 months.

 

[levelnine]

$0.006/pt. My gosh churning in Australia has become a dismal affair once you move beyond the usual suspects.

 

[Franko Costa]

TBH the earn rate of 1:1 and the 20k cap is very good

 

[anyonebutqantas]

Who is G&C Mutual Bank?

 

[Dr Ralph]

Who is G&C Mutual Bank?

About us | G&C Mutual Bank

G&C Mutual Bank is a different kind of bank, built around a big idea - It’s your bank, because you own it. We are member owned.

www.gcmutual.bank

 

[BettyB]

Thanks @Dr Ralph. I applied today but got a message saying one of their lending specialists needed to contact me.

Looks like this may not be an easy process.

Very odd questions asked as well.

 

[Dr Ralph]

Thanks @Dr Ralph. I applied today but got a message saying one of their lending specialists needed to contact me.



Very odd questions asked as well.

Same experience. Not been contacted yet.

 

[anyonebutqantas]

I'll have a go at applying - got conditionally approved so hopefully it comes through soon.

 

[Dr Ralph]

I'll have a go at applying - got conditionally approved so hopefully it comes through soon.

Mine was conditionally approved as well, but as stated above they indicated someone was going to contact me.

 

[albatross710]

The term "conditionally approved" is just a nice feel good confirmation. joins the likes of "save up to 50% on hotels".

 

[Lynda2475]

watching this with interest

 

[anyonebutqantas]

Mine was conditionally approved as well, but as stated above they indicated someone was going to contact me.

I got that email too.

 

[Dr Ralph]

I had a call from the bank today.

In short, this isn’t like any regular experience I have had with other major banks.

The person wanted to confirm every detail in my application. Then asked for the email address of my payroll department and certified copies of payslips + my ID documents.

Happy to play along – but be warned this isn’t a regular application.

 

[Dr Ralph]

FYI,



Received this email today:



‘Hi DrRalph,



Thank you for your interest in G&C Platinum Visa Credit Card.



Document Required



Drivers Licence (front & back)



MEDICARE



Permission to obtain and disclose credit (attached)



Manager’s email address or payroll department’s email address







All statements required



From 13/10/2023 to 13/11/2023 (LAST 30 DAYS) savings statements inclusive of name, address, account number & full transaction history statements required showing income deposits.

From 13/10/2023 to 13/11/2023 (LAST 30 DAYS) All liability statements inclusive of name, address, account number & full transaction history statements for Home Loan, Personal Loan, Novated Lease, HECS, Credit Cards, Zippay, Afterpay etc…..’

And then 10 minutes later:



‘Hi Dr Ralph,



In reference to our previous email, please provide also payslip dated 30/06/2023 or Tax Return on 30/06/2023 ( not a notice of assessment).’

 

[Lynda2475]

Seems like overkill not worth the effort for the points

 

[Dr Ralph]

Seems like overkill not worth the effort for the points

Agree.

But I suspect that they will not meet the terms of awarding the points on time (it's like dealing with a corner store business). So I'm fairly confident of getting these points for free. I've had success with this strategy before, including with ANZ and StGeorge over the past 3 months.

 

[turnipapple]

Agree.

But I suspect that they will not meet the terms of awarding the points on time (it's like dealing with a corner store business)). So I'm fairly confident of getting these points for free. I've had success with this strategy before, including with ANZ and StGeorge over the past 3 months.

Could you please share more about what you mean with this strategy?

 

[Dr Ralph]

Could you please share more about what you mean with this strategy?

If a bank breaches its contractual agreement with you, then you seek a remedy. If you check my previous posts you'll even find an example of a proforma letter I use when this occurs.