Features of the new Gem Visa
I would like to...
6 months interest free on any purchase over $250
Every time you make a purchase over $250 on your Gem® Visa credit card, you automatically receive 6 months interest free. That’s every time you pay a bill¹, buy a gift, update your wardrobe, eat out or shop for groceries – it’s that simple.
Longer term interest free
If you’re making a large purchase such as a new 3D-TV, fridge or even jewellery, you might like a longer interest free period. There are more than 9,000 stores and healthcare providers who often offer longer interest free terms (one year, two years, or even more) to Gem Visa cardholders.² Use the store finder to locate your nearest store, check with them to find out what terms are available then present your Gem Visa credit card to staff at point of purchase.
Help & Assistance
- How do I avoid paying interest on interest free purchases?
- How do I manage all my different interest free purchases and when they expire?
- What is the minimum purchase amount for interest free?
- Do I have to pay off my interest free purchase before I make another one?
- How do I make an interest free purchase?
Apply online now and get a response in less than 60 seconds!
The following table outlines the two interest free options in more detail:
6 months interest free
|
Longer term interest free
|
|
| When does it apply? | On any Gem Visa credit card purchase over $250. | On promotional in-store purchases, for example if you are after a new 3D-TV you might like to take advantage of long term interest free.² |
| Where can I get these interest free terms? | Anywhere Visa is accepted. | At over 9,000 stores and healthcare providers Australia wide. |
| What interest free terms are available? | 6 months interest free on any credit card purchase over $250 | A range of interest free terms are available: 1 year, 2 years or more, depending on the retail promotion |
| What could I use interest free for? | Shopping, booking a flight or accommodation, concert tickets, groceries or bills.¹ Anything over $250 – anywhere, anytime, no catches. | Electrical, furniture, bedding, computers, tyres, jewellery, exercise equipment, bikes, dental, vision correction, non-surgical cosmetic and even veterinary care - almost anything you can think of! |
| How do I get interest free? | When you spend over $250 on your Gem Visa, you'll automatically receive 6 months interest free on you're credit card purchases. | New customers: Get pre-approval online and take your account number in to a participating store. Existing customers: Simply present your card at a participating store and spend up to your available credit limit. |
| How do I keep track of purchases? | You'll receive a monthly statement outlining your unexpired 6 month interest free purchases and the expiry date to help you easily manage your repayments. | You'll receive a monthly statement outlining your long term interest free purchases and the expiry date so you know how much to pay to avoid paying interest. |
| Are payments required? | Monthly payments are required | It depends on the repayment option of your purchase. Either: |
No matter how you use your Gem Visa card, all your purchases and payment free periods will be clearly explained on your monthly statements.
1 Excludes BPAY transactions that are treated as a cash advance.
2 Available at participating retailers to approved applicants only. Conditions, fees and charges apply.
2 Available at participating retailers to approved applicants only. Conditions, fees and charges apply.
Gem is a registered trade mark in Australia of GE Capital Finance Australia (ABN 42 008 583 588). Credit facility provided by GE Capital Finance Australia, trading as GE Money.
Australian Credit Licence number 392145.
Australian Credit Licence number 392145.