Community First Low Rate Credit Card

Get a competitive interest rate for purchases, balance transfers and cash advances with the Community First Low Rate Credit Card.

Community First Low Rate Credit Card is an affordable credit card option that features an interest rate of 8.99% p.a. on purchases, balance transfers and cash advances. The card also offers up to 55 days interest-free on purchases.

Product NameCommunity First Low Rate Credit Card
Purchase rate (p.a.)8.99% p.a.
Annual fee$40 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)8.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$15,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$40 p.a.
Minimum Monthly Repayment3% or $20 whichever is greater
Late Payment Fee$25
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Overseas Cash Advance Fee$5
Overseas ATM Withdrawal Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$0

Pros

  • You can enjoy an interest-free period of up to 55 days.
  • Pay a low annual fee of $40.

Cons

  • There is no rewards program linked to this credit card.

Benefits of using the Community First Low Rate Credit Card

  • Low interest rates. This credit card has a variable interest rate of 8.99% p.a. on purchases, cash advances and balance transfers.
  • Free additional cardholder. You can share the benefits of this account with a partner or family member by getting a secondary card at no extra charge.
  • Visa Entertainment. Get access to exclusive pre-sale tickets and offers for a wide range of events and experiences through this complimentary service for Visa cardholders.
  • Visa payWave. This card let’s you make tap-and-go transactions of up to $100 at a time. There is a limit of $200 per day for these types of payments.
  • Internet and mobile banking. Check your balance and manage your account easily via Internet banking or with the Community First mobile banking app.
  • Security features. Cardholders are covered against fraudulent transactions with Visa’s Zero Liability Policy. You also have the option of signing up for Verified by Visa to increase your security when shopping online.

Features of the Community First Low Rate Credit Card

  • Annual fee. There is a $40 annual fee for this credit card.
  • Interest-free days. You can get up to 55 days interest-free on purchases when you pay your balance in full each statement cycle.
  • International transaction fee. There is a 3% charge for any transactions made in a foreign currency, including when you are travelling overseas or shopping online with an international retailer. This fee is applied to the Australian dollar value of your purchase (after international currency conversion).
  • Credit limits. This card offers credit limits of $1,000 to $15,000.

How to apply for the Community First Low Rate Credit Card

You can easily apply for a Community First Low Rate Credit Card online. Get started now by checking to make sure you meet the eligibility requirements for this credit card.

Eligibility requirements

  • Age. You must be at least 18 years of age to apply for a credit card.
  • Residency status. You must be a citizen or permanent resident of Australia to apply for this credit card. If you’re a temporary resident, you can read our guide on which cards you can apply for in Australia.
  • Employment. Community First specifies that you must have been in your current job for more than three months, and must have a regular income. It also says that it will accept applications from self employed individuals.
  • Credit rating. You must have a good credit rating to apply for this card. Specifically, Community First requires 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.

Once you have made sure you meet these conditions, you can start the application process by following the steps below. It should only take about 15 minutes to complete.

  1. Compare credit cards. Compare a range of low rate credit cards to make sure the Community First Low Rate Credit Card is the right option for your circumstances.
  2. Register to apply. You need to register with Community First to apply for this credit card by selecting a username and password.
  3. Apply. Apply online or in a branch.
  4. Answer the initial questions. The Community First application will ask you to select your Australian state, the product you are applying for and your desired credit limit before moving on to the main part of the application.
  5. Fill out the application. You will need to provide personal details including your full name, residential address, contact number, email address and driver’s licence number.
  6. Provide supporting documentation. Community First may ask you to submit a range of documents for your application, including a copy of your driver’s licence or passport, your employment contract, recent payslips or your latest personal tax return. Gather these documents and submit them as requested during your application.

Once you have completed the application process, a representative from Community First will be in touch to let you know the outcome. If you are approved and provide all the required documents, you should receive your card within 10 business days, although it could be up to 21 days in some cases.

The Community First Low Rate Credit Card is a no frills credit card with a competitive variable interest rate and annual fee. Now you know more about this card’s features, you can compare it to other low rate options to make sure you apply for the right credit card for your needs.

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2 Responses

  1. Default Gravatar
    KImJune 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.

    Kim

    • finder Customer Care
      JonathanJune 22, 2015Staff

      Hi Kim, thanks for your inquiry!

      Please note that finder.com.au 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.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated March 20th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks. Ends 31 March 2019.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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