Community First Low Rate Credit Card

Take advantage of low interest rates and a 0% balance transfer offer with the Community First Low Rate Credit Card.

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.

0% p.a.

Balance transfer rate

for 6 months

8.99% p.a.

Purchase rate

$40 p.a.

Annual fee

55 days

Interest free period

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Product NameCommunity First Low Rate Credit Card
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rateBalance Transfer Revert Rate (8.99%)
Purchase rate8.99% p.a.
Annual fee$40
Interest-free periodUp to 55 days on purchases
Cash advance rate8.99% p.a.
Min credit limit$500
Max credit limit$15,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • 0% p.a. for 6 months on balance transfers
  • 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% foreign currency conversion fee
Bonus pointsN/A
Annual fee$40
Minimum monthly repayment3% of the closing balance or $20, whichever is greater
Late payment fee$25
Foreign currency conversion fee3%
Cash advance fee$5
Additional cardholder fee$0

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

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.
  • Balance transfer offer. Consolidate your debt with this card and take advantage of a 0% p.a. for the first 6 months on balance transfers. Once the introductory period is over, the rate reverts to the standard balance transfer rate (currently 8.99% p.a.).

Rates & fees

  • Annual fee. The $40 annual fee on this card is competitive with other low rate credit cards.
  • Interest-free days on purchases. Get up to 55 days interest-free on purchases when you pay off your total outstanding balance by the due date on each statement. Note that interest-free days don't apply to cash advances or balance transfers.

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    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 our guide on credit card credit ratings. 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 defaulted 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 the Community First website.


    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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