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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.
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 Name | CommBank Low Rate Credit Card |
---|---|
Balance transfer rate p.a. | 5.99% for 5 months |
Balance transfer revert rate | Cash Advance Rate (21.24% p.a.) |
Purchase rate p.a. | 0% for 18 months, reverts to 13.24% |
Annual fee | $59 |
Interest-free period | Up to 55 days on purchases |
Cash advance rate | 21.24% p.a. |
Min credit limit | $500 |
Card type | Mastercard |
Foreign currency conversion fee | 3% |
Available to temporary residents | Yes - Conditions apply |
---|---|
Joint application | No |
Bonus points | N/A |
---|
Annual fee | $59 |
---|---|
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $20 |
Foreign currency conversion fee | 3% |
Cash advance fee | 3% 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 cardholders | 1 |
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.
August 23, 2019
How long must you be employed to qualify?
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!
Cheers,
Jeni
January 29, 2018
What are eligible purchases?
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.
Cheers,
Joel
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
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.
Cheers,
Harold
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.
Cheers,
Jonathan
April 19, 2017
When can I get 250 cash back. I have already spent $500 on my CC in mar2017?
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.
Cheers,
Harold