St George’s Gold Low Rate credit card is a stepping stone between the banks standard card and its platinum card. Understandably it is very similar to the platinum card with all the same benefits except the personal concierge service.

But the most obvious and significant difference between this and the St George Platinum card is that balance transfers aren’t available on this credit card. While it’s not an essential feature for everybody, it could be considered a major downfall by many.

Despite this, it does have its merits.

The credit cards low interest rate of 14.99% p.a.* is teamed up with a cash advance rate of 18.99% p.a.*, which is lower than that of the platinum card (and many other non-premium credit cards). It also has up to 55 days interest free*, an annual fee of $79, and free membership with St George’s Instant Benefits rewards program.

This instant credit card rewards program allows you to get discounts, exclusive deals and more at a wide range of retailers across Australia. So instead of accumulating points you get the rewards straight away when you use your St George credit card.

So if you have no need for a balance transfer then this card is a great option as you will get a low interest card with a lot of benefits. If you do, on the other hand, need the balance transfer feature then the platinum card is a much better value for money for only a small increase in price.

See our top credit card picks in the Editor’s Choice category