The CommBank Neo offers low credit limits of up to $3,000, with a higher limit attracting a higher monthly fee. Although it doesn't charge interest, you still need to make minimum repayments for each statement period. The amount you need to pay is 2% of your closing balance or a minimum of $25, and will be listed on each statement.
CommBank Neo Card

- Purchase rate
- 0% p.a.
- Annual fee
- $0 p.a.
Our verdict
A no interest, flat fee credit card with 0% foreign currency fees, CommBank Yello cashback offers and a monthly fee based on your credit limit.
Pros
-
Charges a monthly fee based on your selected credit limit
-
The monthly fee is refunded if you don't carry a balance or make purchases
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Zero interest charges, 0% foreign currency conversion fees and no late payment fees
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Access to cashback promotion through the CommBank Yello Cashback Offers program
Cons
-
Maximum available credit limit of $3,000 is low compared to standard credit cards
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Unable to make cash advances
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You will not earn CommBank Awards points for your spending
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Does not offer any insurance cover
Details
Product details
Product Name | CommBank Neo Card |
Purchase rate p.a. | 0% |
Interest-free period | |
Min credit limit | $1,000 |
Max credit limit | $3,000 |
Card type | Mastercard |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
Annual fee | $0 |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $0 |
Foreign currency conversion fee | 0% |
Additional cardholder fee | $0 |
Your reviews

Amy Finder
Editor
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Amy Bradney-George Finder
September 12, 2023
Hi AJ,
Yes, the monthly fee would still apply if you used the card for spending. Here are the terms and conditions on the CommBank website:
“If you don’t have any processed transactions in a given statement period and pay your previous statement closing balance in full by the due date, you won’t be charged a monthly fee for that statement period. We may process transactions later than the day you originally made them. This is when your transaction is no longer a pending transaction and has been fully processed by us.”
If you want a card that doesn’t charge a fee when you use it, you could compare no annual fee credit cards to find one with an ongoing $0 annual fee. I hope this helps.
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saroj
June 17, 2023
i recently got my neo credit card from commbank and i made some purchase.
My question is how do i get to know the due date to pay so that i can avoid the interest

Sarah Megginson Finder
June 20, 2023
Hi Saroj,
You will receive a statement from CommBank every month, which will outline the statement balance and due date for payment.
If you have online banking, you will be able to see the statement there, otherwise they may be posted to you.
Hope this helps!

Constance
September 27, 2022
I am waiting for my Permanent Residency to go through. I am traveling to the US and want to have a credit card. Can you help me?

Alanna Glenn Finder
September 27, 2022
Hi Constance,
You don’t need to be a permanent resident to apply for the Neo card. You just have to have the legal right to work in Australia, and you’ll need to provide your visa details to CommBank when you apply. You can also compare other credit cards available to temporary residents on Finder.
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aj
September 10, 2023
if i use the card and pay off the enite balance within the statement period, do i incur the monthly fee?