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).
CommBank Low Rate Card

- 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.
Pros
-
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
Cons
-
3.5% international transaction fee
-
No rewards or included insurance
Details
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 |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
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 |
Your reviews

Amy Finder
Editor
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

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.
Show more Show less

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!
Cheers,
Jeni
Show more Show less

Roger
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.
Cheers,
Joel
Show more Show less

Hammad
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.
Cheers,
Harold
Show more Show less

Shali
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.

Jonathan
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
Show more Show less
noel
June 06, 2023
I am retired and on a pension can i obtain a credit card?