Commonwealth Bank Business Low Rate Credit Card
Last updated:
Manage your business spending with a 14.55% p.a. interest rate and a $0 annual fee.
The Commonwealth Bank Business Low Rate credit card offers the same competitive interest rate for purchases and cash advances, as well as no annual fee and no interest-free days.
5.99% p.a.
Balance transfer rate
for 5 months
14.55% p.a.
Purchase rate
$0 p.a.
Annual fee
Details
| Product Name | Commonwealth Bank Business Low Rate Credit Card |
|---|---|
| Balance transfer rate | 5.99% p.a. for 5 months |
| Balance Transfer Revert Rate | Cash Advance Rate (14.55% p.a.) |
| Purchase rate (p.a.) | 14.55% p.a. |
| Annual fee | $0 p.a. |
| Cash advance rate (p.a.) | 14.55% p.a. |
| Min credit limit | $500 |
| Max credit limit | $50,000 |
| Card type | Mastercard |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Complimentary travel insurance | Yes |
| Minimum age | 18 years of age |
|---|---|
| Available to temporary residents | No |
| Joint application | No |
Pros
- Choice of Business Liability or Personal Liability account
- Unsecured credit limit of up to $50,000
- Ongoing $0 annual fee
Cons
- Charges a 3% foreign transaction fee
- No interest-free period on purchases
| Annual fee | $0 p.a. |
|---|---|
| Late payment fee | $20 |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Cash Advance Fee | 1.5% or $2.50, whichever is greater |
| Overseas cash advance fee | 1.5% or $4, whichever is greater |
| 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.
