Commonwealth Bank Corporate Low Rate credit card
Last updated:
Manage your cash flow and pay off business expenses over time with the Commonwealth Bank Corporate Low Rate Credit Card.
With a low variable interest rate of 14.55% p.a., the Commonwealth Bank Corporate Low Rate credit card gives you a way to fund larger business expenses and manage cash flow.
14.55% p.a.
Purchase rate
$40 p.a.
Annual fee
Details
| Product Name | Commonwealth Bank Corporate Low Rate Credit Card |
|---|---|
| Balance Transfer Revert Rate | Cash Advance Rate (14.55% p.a.) |
| Purchase rate (p.a.) | 14.55% p.a. |
| Annual fee | $40 p.a. |
| Cash advance rate (p.a.) | 14.55% p.a. |
| Card type | Mastercard |
| Foreign currency conversion fee (Visa/Mastercard) | 2.5% |
| Complimentary travel insurance | Yes |
| Minimum age | 18 years of age |
|---|---|
| Available to temporary residents | No |
| Joint application | No |
Pros
- Low interest rate of 14.55% p.a.
- Flexible payment options
- Access with CommBiz
Cons
- A $300 establishment fee applies
| Annual fee | $40 p.a. |
|---|---|
| Minimum monthly repayment | 2.5% of the closing balance or $75, whichever is greater |
| Late payment fee | $25 |
| Foreign currency conversion fee (Visa/Mastercard) | 2.5% |
| Cash Advance Fee | 1.25% |
| Overseas cash advance fee | 4% |
| Number of Additional Cardholders | 9,999 |
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.
