CommBank Essentials Credit Card

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.

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9.9% p.a.

Purchase rate

$60 p.a.

Annual fee

55 days

Interest free period

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Product NameCommBank Essentials Credit Card
Purchase rate p.a.9.9%
Annual fee$60
Interest-free periodUp to 55 days on purchases
Cash advance rate9.9% p.a.
Min credit limit$400
Max credit limit$3,000
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 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.


  • 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.
Bonus pointsN/A
Annual fee$60
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Additional cardholder fee$0
Number of additional cardholders1

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Commonwealth Bank Essentials comes with a mix of low-cost and convenient account tools that can help you keep credit card spending in check. It has a minimum credit limit of $400 – which is one of the lowest on the market – and a maximum available limit capped at $3,000. While the limit you get is subject to lending criteria and approval, this range is designed to help you stay in control of your spending.

How to apply

You can apply for the CommBank Essentials online by filling out a secure application form. Before you get started, make sure you're eligible to apply and have all the relevant documents and details on hand.

Eligibility criteria

  • Residency and work status. You must have the right to work in Australia.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Competitive interest rate. This card offers a variable interest rate of 9.9% p.a. on purchases.
  • Up to 55 days interest-free. If you pay off your balance in full by the due date on each statement, you can get up to 55 days interest-free on your purchases.

Rates & fees

  • Monthly account-keeping fee. This card charges a monthly fee of $2 when you choose online statements and set up automatic payments from a CommBank transaction account using credit card AutoPay. Otherwise, a monthly fee of $5 is charged.
  • Cash advances. This card blocks most cash advance transactions. The only exception is when the transaction is not sent to CommBank for authorisation. When that happens, the 9.9% p.a. variable interest rate is charged from the date the transaction is made until you have paid it off.

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  1. Default Gravatar
    June 26, 2019

    I went through all the requirements for an application and when it came to my expenses I put in the amount and it came up with whole numbers only and it wouldn’t let me go to the next section, what do I do?

    • Avatarfinder Customer Care
      June 27, 2019

      Hi Graham,

      Thank you for getting in touch with Finder.

      You may put your expenses on an estimate amount if that would help. If you need further assistance on this matter, kindly contact Commbank directly so they may walk you through on your online application.

      I hope this helps.

      Thank you and have a wonderful day!


  2. Default Gravatar
    May 31, 2018

    I am a pensioner. Can I get this credit card?

    • Avatarfinder Customer Care
      May 31, 2018

      Hi Bob,

      Thank you for getting in touch with finder.

      You can apply for the CommBank Essentials online in around 30 minutes and could get a response within 60 seconds of submitting the completed application form.

      Eligibility requirement:
      – Are you at least 18 years old? You must be at least 18 years of age to apply for a credit card.
      – What is your Australian residency and work status? You must have the right to work in Australia.
      – Are you an undischarged bankrupt? You can’t apply for this card if you are currently an undischarged bankrupt.

      Please note that you’ll need to provide your current employment circumstances and salary, as well as any other forms of income you receive or assets such as savings. You also need to provide contact details for your employer or accountant, as well as recent payslips, bank statements or other documents to verify your income like your pension.

      I hope this helps.

      Have a great day!


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