CommBank Business Low Rate Credit Card

Offers a 14.55% p.a. interest rate and a $0 annual fee, but no interest-free days on purchases.

The Commonwealth Bank Business Low Rate credit card gives you a way to manage your business expenses, with the same competitive interest rate for purchases and cash advances. It also offers no annual fee, no additional cardholder 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 NameCommBank 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
Interest-free period
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
  • Purchase and cash advance interest rate of 14.55% p.a.


  • Charges a 3% foreign transaction fee
  • No interest-free period on purchases
Bonus pointsN/A
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

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The CommBank Business Low Rate card offers a range of features suited to small business owners. This includes 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% 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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    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.


    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 authorized to handle the account. Applications can be made online too, please refer to the link I’ve sent in your email with the full list of required documents and identifications.

      Please see a list of considerations on choosing a business credit card. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.


    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.



    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.



    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.

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