Commonwealth Bank Essentials Credit Card
Last updated:
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 |
|---|---|
| Balance Transfer Revert Rate | Cash Advance Rate (9.9% p.a.) |
| Purchase Rate | 9.9% p.a. |
| Annual Fee | $60 |
| Interest Free Period | 55 days |
| Cash Advance Rate | 9.9% p.a. |
| Minimum Credit Limit | $400 |
| Maximum Credit Limit | $3,000 |
| Card Type | Mastercard |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | No |
| 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 |
|---|---|
| Minimum Monthly Repayment | 2% of the closing balance or $25, whichever is greater |
| Late Payment Fee | $20 |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 1 |
Expert review
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.
