Community First Low Rate Credit Card

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Get a low 8.99% p.a. variable interest rate for purchases, balance transfers and cash advances.

The Community First Low Rate credit card offers a competitive interest rate for all transactions and a $40 annual fee, as well as up to 55 days interest-free on purchases.

8.99% p.a.

Balance transfer rate

8.99% p.a.

Purchase rate

$40 p.a.

Annual fee

55 days

Interest free period


Product NameCommunity First Low Rate Credit Card
Balance transfer rate8.99% p.a.
Balance Transfer Revert RateBalance Transfer Revert Rate (8.99%)
Purchase rate (p.a.)8.99% p.a.
Annual fee$40 p.a.
Interest Free Period55 days
Cash advance rate (p.a.)8.99% p.a.
Min credit limit$500
Max credit limit$15,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • Interest-free period of up to 55 days
  • Low annual fee of $40
  • Same rate for purchases, cash advances and balance transfers


  • There is no rewards program linked to this credit card
  • Charges a 3% of transaction value foreign currency conversion fee
Annual fee$40 p.a.
Minimum Monthly Repayment3% of the closing balance or $20, whichever is greater
Late Payment Fee$25
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee$5
Additional Cardholder Fee$0

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Community First Low Rate credit card combines a competitive interest rate and annual fee with simple account features. The 8.99% p.a. interest rate on this card is one of the lowest on the market and applies not only to purchases, but also cash advances and balance transfers. This sets it apart from most other low rate cards, which typically charge higher rates for cash advances and balance transfers.

How to apply

You can apply for the Community First Low Rate credit card online by filling out a secure application form on the Community First website. Get started by making sure you meet the eligibility criteria and have all the documents and details you'll need to provide when you apply.

Eligibility criteria

  • Income requirement. You must earn a regular income and have been in your current job longer than 6 months to apply for this card.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • 8.99% p.a. interest rate. While most low rate credit cards charge different interest rates for purchases, cash advances and balance transfers, the Community First Low Rate credit card applies the same rate to all of these transactions. This can make it easier to keep track of interest charges and your balance.
  • Additional cardholder. This account offers a $0 additional cardholder fee if you want to share the account with someone. Note that you will still be responsible for managing the account.

Rates & fees

  • Annual fee. The $40 annual fee on this card is competitive with other low rate credit cards.
  • International transaction fee. A fee of 3% applies when you use this card overseas or online with a business that processes the payment in a foreign currency.

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  1. Default Gravatar
    April 29, 2019

    I am interested in the Community First Low Rate 8.99% Cash Advance Credit Card with limit of 15%, is a credit score of 650 sufficient? I have no defaults in last five years, just a few enquiries.

    • Avatarfinder Customer Care
      April 29, 2019

      Hello Jodi,

      Thank you for your comment.

      650 credit score is classified as good credit band according to this page. The Community First Low Rate Credit Card requires an applicant to have a good credit rating to apply for this card (as specified above). They also require you to not be bankrupt and not have defaults on any loans, credit cards, interest-free finance or store cards in the last five years.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      To apply, kindly visit Community First website.


  2. Default Gravatar
    June 20, 2015

    I own a gold Mastercard from CBA, can I transfer all the details to your Community First Low Rate Visa Credit Card?

    Thank you very much.


    • Avatarfinder Customer Care
      June 22, 2015

      Hi Kim, thanks for your inquiry!

      Please note that is a comparison service and is not directly affiliated with Community First. Balance transfers from the Commonwealth Bank to Community First are eligible. Please note that the balance transfer amount has to be at least $500 and can not exceed the credit limit provided on your credit card upon application approval. As long as you meet the application criteria you will be eligible to apply for this credit card. I have sent the application link to your email address.



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