Commonwealth Bank
Commonwealth Bank

Commonwealth Bank Low Rate Credit Card

Purchase Rate
13.24% p.a.
Cash Advance Rate
21.24% p.a.
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Interest Free
Up to 55 days
Annual Fee
$59.00
Balance Transfer Rate
5.99% p.a. for first 5 months
  • Get $200 cashback. Apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.
  • Our lowest interest rate on purchases at 13.24%
  • Control your security and spending - instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.

Key Features
Rewards Program
Rewards
Joining Fee
-
Annual Fee
$59.00
Insurance Cover
for Purchases
Overseas ATM
Availability
Automatic Travel
Insurance

Fee & Repayments

Annual Fee $59.00
Annual Fee First Year $59.00
Rewards Joining Fee -
Supplementary Card Fee $0.00
Minimum Repayment Greater of 2.00% or $25.00
Interest Charged From PurchaseDate
Late Payment Fee $20.00

Other Charges

Duplicate Statement Fee $7.00
Overseas ATM Balance Fee $1.25
Transaction Verification Fee $0.00
Overseas ATM Withdrawal Fee $4.00
Over Limit Fee $0.00
Overseas Emergency Card Replacement Fee $20.00
Terms & Conditions
* Offer available on new Low Rate, Low Rate Gold and Low Rate Business (personal liability) credit cards applied for between 1/7/2020 and 28/10/2020. Offer not available on all other card types including the CommBank Essentials credit card, existing cards, switches from other card types, and new Low Rate credit cards if you currently hold, or have held, any Low Rate card type in the 12 months prior. You will be ineligible for the cashback if your account is closed, switched to another card, or in default at any time prior to the cashback being credited to your account. To be eligible for the $200 cashback, you need to spend at least $1,000 on eligible purchases (not including balance transfers and cash advances) using your new card by 31/1/2021. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as 'CASHBACK $200'. Cashback only available on one credit card per customer. We reserve the right to close the offer prior to 28/10/2020. 1 A maximum charge of $300 (or a flat fee of $3.00 applies if your closing balance on previous business day was in credit). Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable. Mastercard® and Priceless are registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.

* For cards with reward programs that allow you to earn points, unless otherwise noted, the best case scenario of everyday spending is used when calculating the spend required to earn a reward. Everyday spending does not include bonus points that may be earned by shopping with loyalty partners. For rewards programs that have monthly caps, we assume you stay under that cap and for products with two cards, we assume spending is with the highest earning card. For programs that allow you to convert points for air travel at a price that changes from day to day, we have assumed that the flight is $300 (taxes and charges inclusive).

Visa® is a registered trademark of Visa International Services Association.
The MasterCard® brand is a registered trademark of MasterCard International Incorporated.