Commonwealth Bank Essentials Credit Card
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Manage your credit card spending and account costs with a low credit limit and a variable interest rate of 9.9% p.a.
The CommBank Essentials credit card offers a range of low-cost features, including the variable interest rate and an annual fee of up to $60, which is charged monthly.
9.9% p.a.
Purchase rate
$60 p.a.
Annual fee
55 days
Interest free period
Details
| Product Name | Commonwealth Bank Essentials Credit Card |
|---|---|
| Purchase rate (p.a.) | 9.9% p.a. |
| Annual fee | $60 p.a. |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 9.9% p.a. |
| Min credit limit | $400 |
| Max credit limit | $3,000 |
| Card type | Mastercard |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Complimentary travel insurance | No |
| Minimum age | 18 years of age |
|---|---|
| Available to temporary residents | Yes - Conditions apply |
| Joint application | No |
Pros
- Take advantage of a low variable interest rate of 9.9% p.a. on purchases.
- Get up to 55 days interest-free on purchases.
- Request an additional cardholder at no extra cost.
Cons
- This card does not have a balance transfer feature.
- This is a basic card that offers none of the perks like travel insurance or a rewards program.
| Annual fee | $60 p.a. |
|---|---|
| Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Additional cardholder fee | $0 |
| Number of Additional Cardholders | 1 |
Expert review
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.
