Gem Visa

Gem Visa fees and charges
Gem® Visa has simple fees and charges, and one easy-to-manage annual fee.
Name of fee/charge Amount What you need to know
Annual fee $99 Applies after your first purchase, and on the anniversary of that first purchase every year afterwards.
Interest rate 22.99% p.a. The same rate applies to interest bearing balances such as cash advances and outstanding retail purchases balances after an interest free promotion period is over. Interest on over $250 interest free or promotional purchases is not backdated, so you only pay interest on the remaining balance of those purchases from when your interest free period expires.
Cash advance fee 3% of the cash advance or $3, whichever is greater, capped at $30 Applies to cash withdrawals from your account, or if you make a BPAY payment to a biller who doesn't accept credit cards (we will ask you whether you want to make the BPAY payment as a cash advance before you make the payment). This fee cannot be avoided if you make a cash advance. You can access cash from any ATM around Australia. Simply select "credit" and then enter your PIN. Using Westpac ATMs will help reduce your fees. You won't pay the industry wide ATM operator fee when you use a Westpac ATM.
International transaction fee 3% of the purchase or cash advance Applies to all purchases & cash advances made in a foreign currency or from a merchant based in a country outside of Australia.
Late fee $25 Applies if you fail to pay the minimum monthly payment by the due date.
Paper statement fee 50 cents per statement You can avoid this fee by opting to receive your statement online. Simply login to the Online Service Centre and register for online statements.
Australia Post handling fee $2.00 Applies when you pay in person at any Australia Post outlet.
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.