Low Rate credit card

General Lending Rates

Product Variations

Product Features

• Additional Cards Additional Information: Adding an additional cardholder is an easy way to share the convenience and accessibility of your CommBank credit card, without opening a new account. You can have one additional cardholder and they must be at least 16 years old. They'll get a card with their name but with your account number.

• Bill Payment Additional Information: Through AutoPay, you can choose to have the full closing balance, the minimum amount due, or set an amount debited from your chosen CommBank transaction account. If the set amount isn t enough to cover the minimum payment shown on your current statement, we ll take out more to cover the difference. If the set amount is more than your closing balance shown on your current statement, only the closing balance amount is debited.

• Bill Payment Additional Information: With BPAY View you can switch to online bills & ask billers to send them directly to the CommBank app or NetBank, making it easy to see, track, and pay bills online.

• Insurance Additional Information: Extends the manufacturer's Australian warranty on most purchases by up to a year. This is provided the purchase is charged to the cardholder's eligible credit card account or is purchased by redeeming Commonwealth Awards points. Restrictions, exclusions, limits, sub-limits and excesses may apply. Refer to the Credit Card Insurances Information Booklet for full details.

• Insurance Additional Information: Covers the repair or replacement cost of goods that are lost, stolen or damaged within 90 days of most purchases. When those items are charged to the cardholder's eligible credit card account or purchased by redeeming Commonwealth Awards points. Restrictions, exclusions, limits, sub-limits and excesses may apply. Refer to the Credit Card Insurances Information Booklet for full details.

• Complementary Product Discounts Additional Information: A program available exclusively to Mastercard cardholders that provides access to unforgettable experiences in the cities where you live and travel.

• Complementary Product Discounts Additional Information: Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.

• Cashback Offer Additional Information: Earn up to $420 cashback to spend how you want. Earn $70 each month when you spend $500 or more per month for the first 6 months on a new Low Rate credit card. Ongoing eligibility, exclusions and offer Ts&Cs apply.

• Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.

• Digital Banking Additional Information: We help you stay on track with your credit card spending in the CommBank app.

• Fraud Protection Additional Information: Free protection against fraud and other unauthorised transactions with Mastercard Zero Liability.

• Digital Banking Additional Information: Setting a Spending Cap helps you keep on top of your spend. Plus you can still access additional funds if you need them.

• Digital Wallet Additional Information: Pay with your Apple(TM) device using Apple Pay.

• Digital Wallet Additional Information: Pay with your Android(TM) phone using the CommBank app.

• Digital Wallet Additional Information: Pay with your Garmin(TM) smartwatch using Garmin Pay.

• Digital Wallet Additional Information: Pay with your Android(TM) device using Google Pay(TM).

• Digital Wallet Additional Information: Pay with your Samsung(TM) device using Samsung Pay.

• Fraud Protection Additional Information: Instantly lock, block or limit your credit card for extra control through the CommBank app or NetBank.

• Fraud Protection Additional Information: Securing your accounts is our top priority. That's why we provide a range of security features and services, including fraud prevention technology and secure banking, to help you stay safe.

• Interest Free Additional Information: Up to 55 days. We won't charge any interest on purchases if you pay at least the closing balance shown on your statement by the due date each and every month.

• Notifications Additional Information: We'll tell you when your online bill payment is due.

• Notifications Additional Information: Sends message to customer to inform them their card is over limit and to make payment to reduce limit and prevent an overlimit fee from being charged to the account.

• Notifications Additional Information: Reminders before payments are due to avoid late fees.

• Notifications Additional Information: Turn Transaction Notifications on in the CommBank app and we'll instantly alert you when you pay using your CommBank credit card, and when you receive money into your everyday account.

• Other Additional Information: Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM

• Instalment Plan Additional Information: Pay off eligible purchases or credit card balances in fixed monthly instalments. A set-up fee of 2%-5% of the purchase amount may apply on purchase plans depending on the term. Otherwise interest is charged on the plan amount.

Product Eligibility

• Min Age - 18. Additional Information: The additional cardholder may be 16 years of age or older.

• Residency Status - Au. Additional Information: Available to citizens or permanent resident of Australia and valid visa holders. Make sure you are legally allowed to work in Australia.

• Residency Status - Nz. Additional Information: Available to citizens or permanent resident of NZ and valid visa holders. Make sure you are legally allowed to work in Australia.

• Natural Person Additional Information: Individuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.

• Other Additional Information: Applications for credit cards are subject to credit approval.

• Other Additional Information: Each application for credit is assessed on the ability of the applicant to service debt (limit) based on the financials supplied in the application.

Bank Fees and Charges

• Additional Cardholder Fee (Periodic), Amount: 0.00. Additional Information: Pay no additional cardholder fee to share the convenience of your card with an additional cardholder.

• Late Payment Fee (Event), Amount: 20.00. Additional Information: When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date.

• Overlimit Fee (Event), Amount: 15.00. Additional Information: When we first allow you to go over your credit limit in a statement period. Only applies to accounts opened before 1 July 2012 (including any time you switch to a new credit card product)

• Emergency Issue/ Lost/ Replacement Card Fee (Event), Amount: 20.00. Additional Information: When you need an emergency replacement card delivered to you.

• International Transaction Fee (Transaction), Amount: Not Listed.. Additional Information: When you make a transaction that is converted by Mastercard or Visa from a foreign currency to Australian dollars.

• Cash Advance Fee (Withdrawal), Amount: Not Listed.. Additional Information: This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers. Capped at a maximum fee of $300.00 (or $4.00 if your closing balance was in credit the previous business day).

• Cash Advance Fee (Withdrawal), Amount: 4.00. Additional Information: This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers. Capped at a maximum fee of $300.00 (or $4.00 if your closing balance was in credit the previous business day).

• Monthly Fee (Periodic), Amount: 6.00. Additional Information: Payable each month, giving you access to the features and benefits of your credit card.

 Limitations & Restrictions (Constraints)

• Min Limit of 500.00 Additional Information: Note that the credit limit we give you will depend on your ability to meet your repayments.

Document Downloads

  adb1682.pdf (80.9 KB)
  credit-card-insurances-info-booklet.pdf (3.7 MB)