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CommBank Low Rate Card

Save with 0% p.a. on purchases for the first 18 months and get $100 cashback with the CommBank Low Rate card.

Apply and get approved for a new CommBank Low Rate credit card by 31 October 2022 and you'll get $100 cashback when you spend $1,000 in the first 90 days. You'll also be able to save on interest with a 0% p.a. interest rate for purchases you make in the first 18 months. After that, the card's current, variable interest rate of 13.24% p.a. applies.

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5.99% p.a.

Balance transfer rate

for 5 months

0% p.a.

Purchase rate

for the first 18 months (reverts to 13.24% p.a.)

$59 p.a.

Annual fee

55 days

Interest free period

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Product NameCommBank Low Rate Credit Card
Balance transfer rate p.a.5.99% for 5 months
Balance transfer revert rateCash Advance Rate (21.24% p.a.)
Purchase rate p.a.0% for 18 months, reverts to 13.24%
Annual fee$59
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$500
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 0% p.a. interest rate for 18 months on purchases
  • $100 cashback
  • Balance transfer offer of 5.99% p.a. for 5 months
  • Access to Priceless Cities offers and experiences


  • International transaction fee of 3% applies
Bonus pointsN/A
Annual fee$59
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee3% or $3, whichever is greater
Overseas cash advance fee$3 or 3% of transaction value, whichever is greater
Additional cardholder fee$0
Number of additional cardholders1

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The CommBank Low Rate Card could be a good credit card for those looking to minimise the risk of high interest charges, offering 0% p.a. on purchases for the first 18 months. After that, you can also get up to 55 days interest-free on purchases, with a 13.24% p.a. variable interest rate if you do carry a balance. It also has a $100 cashback offer which means you can enjoy some extra value when you first get the card.

It does feature a balance transfer option, however, if you want to repay an existing debt, you might want to consider a 0% balance transfer offer to completely avoid paying interest for the promotional period.

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 necessary information to complete the 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. This card offers 0% p.a. on purchases for the first 18 months when you apply by 31 October 2022 and get approved. At the end of the introductory period, the card's 13.24% p.a. variable purchase rate will apply. Note that you'll still need to pay at least the minimum amount on each statement during the 0% p.a. introductory period.
  • $100 cashback. This card offers you $100 cashback when you apply by 31 October 2022, get approved and then spend $1,000 on eligible purchases in the first 90 days. Eligible purchases cover most everyday spending but exclude cash advances, balance transfers and account fees.

Rates & fees

  • Annual fee. This card charges a $59 annual fee.
  • 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. Interest-free days won't apply if you're paying off a balance transfer debt.

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  1. Default Gravatar
    August 23, 2019

    How long must you be employed to qualify?

    • Avatarfinder Customer Care
      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!


  2. Default Gravatar
    January 29, 2018

    What are eligible purchases?

    • Default Gravatar
      February 7, 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.


  3. Default Gravatar
    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

    • Avatarfinder Customer Care
      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.


  4. Default Gravatar
    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.

    • Default Gravatar
      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.


  5. Default Gravatar
    April 19, 2017

    When can I get 250 cash back. I have already spent $500 on my CC in mar2017?

    • Avatarfinder Customer Care
      April 20, 2017

      Hi Sapna,

      Thank you for your inquiry.

      Commonwealth Bank no longer offer the said promotion last July 2016. In order to receive the $250 cash back offer, your application for the Commonwealth Bank Low Rate Card should be in by 31-October-2016 and is approved and you’ll be able to spend at least $500 on eligible purchases by 31-December-2016

      I hope this information has helped.


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