In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert
Finder makes money from featured partners, but editorial opinions are our own.
CommBank Low Rate Credit Card
Terms and conditions apply
Purchase rate for the first 6 months (reverts to 13.99%)
0% p.a.
Annual fee
$72 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers 0% p.a. on purchases for the first 6 months and up to $300 cashback, with a $72 annual fee.

The CommBank Low Rate Card combines low-cost features with a solid introductory offer. If you have big-ticket items to buy, the introductory 0% interest rate would give you 6 months to pay them off without interest. The cashback offer also sweetens the deal, but only for the short-term (and only if you meet the spending requirement).


  • 0% p.a. interest rate for 6 months on purchases
  • Up to $300 cashback
  • Lock, block and limit transaction controls through the CommBank app or NetBank
  • Mobile payments with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay


  • 3.5% international transaction fee
  • No rewards or included insurance

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert

The CommBank Low Rate Card gives you a way to save on interest costs and put money back in your pocket with this introductory offer. If you apply by 29 February 2024, you’ll pay 0% interest on purchases made in the first 6 months – and can get $100 cashback each month when you spend $500 or more for the first 3 months (up to $300 cashback).


Product details

Product Name CommBank Low Rate Credit Card
Purchase rate p.a. 0% for 6 months, then 13.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $500
Card type Mastercard


Available to temporary residents Yes - Conditions apply
Joint application No


Bonus points N/A


Annual fee $72
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $20
Foreign currency conversion fee 3.5%
Cash advance fee 3% or $4, whichever is greater
Overseas cash advance fee $4 or 3% of transaction value, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 1

How to apply

You can apply for the CommBank Low Rate credit card online. Before you get started, check if you meet the eligibility criteria and that you have the key details and documents needed to complete your application.

Eligibility criteria

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

Card benefits

  • 0% purchase rate offer. Apply by 29 February 2024 and you can save with a 0% p.a. interest rate on purchases for the first 6 months. At the end of the introductory period, the card's 13.99% p.a. variable purchase rate applies. Note that you'll still need to pay at least the minimum amount on each statement during the 0% p.a. introductory period.
  • Up to $300 cashback. This card offers $100 cashback each month when you apply by 29 February 2024, get approved and spend $500 or more on eligible purchases for the first 3 months. Eligible purchases cover most everyday spending but exclude cash advances and account fees.

Rates & fees

  • Monthly fee. The CommBank Low Rate credit card charges a monthly fee of $6. This could add up to a total of $72 per year.
  • Purchase rate. Outside of any promotions, this card charges a 13.99% p.a. variable interest rate for purchases.
  • Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases.

Your reviews

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June 06, 2023

I am retired and on a pension can i obtain a credit card?


Amy Bradney-George Finder

June 08, 2023

Hi Noel,

If you meet the eligibility requirements, you will be able to apply for a credit card. Finder’s guide to credit cards for pensioners has more details that may be of assistance when you’re comparing cards. I hope that helps.

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J Kang

August 23, 2019

How long must you be employed to qualify?


Jeni Finder

August 24, 2019

Hi J Kang,

Thank you for getting in touch with Finder.

It did not indicate the length of required employment, however if you’ve just started a new full-time job, you need to provide proof of at least 12 months income of your previous employment.

I hope this helps.

Thank you and have a wonderful day!



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January 29, 2018

What are eligible purchases?


Joel Marcelo

February 07, 2018

Hi Roger,

Thanks for leaving a question on finder.

Eligible purchases are generally defined as everyday purchases which involve the exchange of a good or service for a payment. Transactions that do not qualify as eligible purchases generally include balance transfers, cash advances and any purchase that is reversed or refunded

I hope it helps.



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December 12, 2017

I just want to know, on commonwealth low rate credit card there is an offer of 300 cash back after spending 1000 within 90 days. So my question is if i buy electronic device like laptop mobile phone the offer is still there or it is on some particular type of shopping


Harold Jacob Finder

December 13, 2017

Hi Hammad,

Thank you for your inquiry.

You can get the cashback offer if you can meet the eligible purchases include BPAY transactions and payments to the ATO but excludes balance transfers and cash advances.

I hope this information has helped.



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June 24, 2017

What is the lowest annual income rate to eligible for the credit card? I am working as casual so am I eligible? Thanks.



June 24, 2017

Hi Shali!

There is no specific annual income and employment type in their application form or in the website. However, most card issuers are looking at $15,000 or better. To learn more, you can read more about the credit card minimum income requirements for application.

You can contact your card issuer for this matter.

Hope this helps.



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