Commonwealth Bank Low Rate Credit Card

Purchase Rate

13.24 %
p.a.
Cash Advance Rate
21.24% p.a.
Interest Free
Up to 55 days
Annual Fee
$59.00
Balance Transfer Rate
5.99% p.a.
for first 5 months
  • Enjoy 5% cashback on eligible purchases, up to $100 per month, for the first three months with a new Low Rate credit card. Apply by 30 April 2020.
  • 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.

Card Details

Rewards Program Overseas ATM Availability
Insurance Cover for Purchases Automatic Travel Insurance
Terms & Conditions
* Promotion applies to all new Retail and Business Low Rate credit cards, applied and submitted between 01/11/2019 and 30/04/2020. The 5% cashback is based on eligible purchases made on your card in the first three months from activation up to the value of $100 per month (excludes balance transfers, cash advances and any purchase that is reversed or refunded). Each month is calculated as a 30 day period. Offer excludes all existing cards, switches from other card types and is not available to customers who currently hold, or have held, any Low Rate card types in the 12 months prior. Offer only available on one credit card per customer, offer can be withdrawn at any time. Cashback will appear on your statement as ‘cashback’ each month within 90 days of you meeting the monthly eligibility criteria. You will be ineligible for the cashback if your account is closed, transferred, or in default at any time prior to the cashback being credited to your account. The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. 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.

Commonwealth Bank Low Rate Credit Card

Purchase Rate 13.24 % p.a.
Cash Advance Rate 21.24% p.a.
Interest Free Up to 55 days
Annual Fee $59.00
Balance Transfer Rate 5.99 % p.a. for first 5 months

Top Features

  • Enjoy 5% cashback on eligible purchases, up to $100 per month, for the first three months with a new Low Rate credit card. Apply by 30 April 2020.
  • Our lowest interest rate on purchases at 13.24%
Show More Top Features

More Information

Rewards Program
Overseas ATM Availability
Insurance Cover for Purchases
Automatic Travel Insurance
Annual Fee $59.00
Minimum Repayment Greater of 2.00% or $25.00
Annual Fee First Year $59.00
Interest Charged From PurchaseDate
Rewards Joining Fee -
Late Payment Fee $20.00
Supplementary Card Fee $0.00
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

* Promotion applies to all new Retail and Business Low Rate credit cards, applied and submitted between 01/11/2019 and 30/04/2020. The 5% cashback is based on eligible purchases made on your card in the first three months from activation up to the value of $100 per month (excludes balance transfers, cash advances and any purchase that is reversed or refunded). Each month is calculated as a 30 day period. Offer excludes all existing cards, switches from other card types and is not available to customers who currently hold, or have held, any Low Rate card types in the 12 months prior. Offer only available on one credit card per customer, offer can be withdrawn at any time. Cashback will appear on your statement as ‘cashback’ each month within 90 days of you meeting the monthly eligibility criteria. You will be ineligible for the cashback if your account is closed, transferred, or in default at any time prior to the cashback being credited to your account. The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. 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.