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Commonwealth Bank Business Low Rate Credit Card

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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

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Product NameCommonwealth Bank Business Low Rate Credit Card
Balance transfer rate5.99% p.a. for 5 months
Balance transfer revert rateCash Advance Rate (14.55% p.a.)
Purchase rate14.55% p.a.
Annual fee$0
Cash advance rate14.55% p.a.
Min credit limit$500
Max credit limit$50,000
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • Choice of Business Liability or Personal Liability account
  • Unsecured credit limit of up to $50,000
  • Ongoing $0 annual fee


  • Charges a 3% foreign transaction fee
  • No interest-free period on purchases
Annual fee$0
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee1.5% or $2.50, whichever is greater
Overseas cash advance fee1.5% or $4, whichever is greater
Additional cardholder fee$0
Number of additional cardholders1

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

The CommBank Business Low Rate card offers a range of features suited to small business owners. This includes a minimum credit limit of $500, integration with MYOB and Xero accounting software and a $0 p.a. additional cardholder fee if you want to share the account with a colleague or employee.

It also offers an introductory balance transfer rate of 5.99% p.a. for the first 5 months if you transfer debt from an existing account onto the new card. After the introductory period, any remaining balance transfer debt will attract the cash advance rate of 14.55% p.a.

How to apply

You can apply for the CommBank Business Low Rate credit card online by filling out a secure application form. Get started by making sure you meet the following eligibility criteria and have all the documents and details you need to apply.

Eligibility criteria

  • Residency. You must be legally allowed to work in Australia. If you are on a visa, you will need to provide details of that visa and proof that you can work in Australia.
  • Business status. As this is a personal liability card, you can only apply for it if you are the owner of the business and plan to use it for business spending.

Card benefits

  • $0 annual fee. While many business credit cards charge you a yearly account fee, this card offers no annual fee for the life of the card.
  • Free additional cardholder. You can take advantage of the $0 p.a. additional cardholder fee if you want to share this account with an employee or business associate.

Rates & fees

  • Interest rate. This card's 14.55% p.a. interest rate applies to purchases and cash advances, which could make it easier to keep track of interest charges and your balance.
  • Balance transfers. The CommBank Business Low Rate offers an introductory 5.99% p.a. interest rate on balance transfers for the first 5 months. You can request a minimum balance transfer of $500 from an Australian credit or store card that is not issued by CommBank.

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  1. Default Gravatar
    April 27, 2016


    Does this card earn points at when purchasing at petrol stations and buying airline tickets.

    • Avatarfinder Customer Care
      May 3, 2016

      Hi RT,

      Thanks for your question.

      Unfortunately, the Commonwealth Bank Small Business Low Rate Credit Card does not offer any reward program. You will not be able to accumulate reward points with this card.


  2. Default Gravatar
    August 27, 2015

    How do you define small business? as the secretary of the company, can I apply for the business credit card or it has to be the director?

    • Avatarfinder Customer Care
      August 28, 2015

      Hi Ping,

      Thank you for your inquiry.

      Applicants for a business card should be any of the business owners, directors or partners and can submit all requirements including the required signatories who are authorised to handle the account. Applications can be made via online too, please refer to the link I’ve sent on your email with the full list of required documents and identifications.

      Please see this page for the list of considerations on choosing a business credit card.

      I hope this has helped.



  3. Default Gravatar
    August 27, 2015

    can I apply it on line?

    • Avatarfinder Customer Care
      August 28, 2015

      Hi Ping,

      Yes, you can apply online.

      I’ve emailed you a link to the online application for your perusal.

      I hope this has helped.



  4. Default Gravatar
    December 30, 2014

    Can ‘Not-for-profit organisations’ apply for this card? Thank you

    • Avatarfinder Customer Care
      December 31, 2014

      Hi AS,

      Thanks for your question.

      As long as the organisation is still a small business structure you’ll still be able to apply for the card.

      I hope this has helped.



  5. Default Gravatar
    July 14, 2014

    We have a company which controls our smsf. In our smsf we own a property which we need to buy things for occasionally. Currently we use our personal card to do this but this gets messy remembering to pay ourselves back. We just need a card which has no annual fee as we would pay out full amount each month on due date! The card would be in company name. Can we do this with this card? Thank you .

    • Avatarfinder Customer Care
      July 15, 2014

      Hi Rose,

      Thanks for your question.

      No this card is not available as part of your SMSF. Please Susan’s response above.


    • Default Gravatar
      August 7, 2014

      I am a financial planner and I would like to refer to Roses question re her SMSF
      no you can not get a business credit card as that is seen as a related party if she is a member.
      That is against the SIS Act
      What she could do is set up savings account and get her smsf to pay to that account and pay out only specifically for smsf.
      Hope that helps.

  6. Default Gravatar
    January 14, 2014

    Re: Commonwealth Bank Small Business Credit Card – Low Rate. Do I have to have a “Business” to apply for this product? I can’t see this requirement in the Terms and Conditions.

  7. Default Gravatar
    June 6, 2013


    I currently own a small pet shop and am currently banking with NAB, my business has only been running since September last year. I am looking for a credit card so I can purchase stock monthly and not use accounts with suppliers.
    My current bank is asking for last 2 years financials even though my business has only been running since September.
    I have my eftpos facilities via NAB but would be will to switch to a bank who will look after me.

    • Avatarfinder Customer Care
      June 6, 2013

      Hi John. In the online application for this card, you’re allowed to enter months as an option for the length of time your business has been operating. Please check the review page for information about the other application requirements. If you’re unhappy with the services offered to you by your lender, you can look else where for your banking needs – and hopefully we can provide some information to make it easier – but best to speak to your accountant or a contact at your lender about business banking. Thanks for the question.

  8. Default Gravatar
    May 14, 2013

    1) Can I nominate the maximum level of credit, i.e. say $3,000.00?
    2) How is the interest calculated, e.g. for $1,000.00 credit at 14.55% for 7 days?
    Would it be $1,000 x 14.55% x 7/365?

    • Avatarfinder Customer Care
      May 15, 2013

      Hi Allan. Thanks for writing in to us with this question. This page answers the question about how credit card interest is calculated. You can elect a credit limit when you apply for the card; however, the final say will rest with the lender. If they don’t approve the requested limit, they will assign one based on what they think you can service. Jacob.

  9. Default Gravatar
    May 8, 2013


    Does this card no have any interest free days on the purchases?

    • Avatarfinder Customer Care
      May 8, 2013

      Hi Daniel. Thanks for your question. This card does not currently have any interest free days when you make a purchase. Jacob.

  10. Default Gravatar
    November 13, 2012

    Is there a fee for additional cardholders?

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