In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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CommBank Corporate Low Rate credit card

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CommBank Corporate Low Rate Credit Card
Terms and conditions apply
Purchase rate
14.55% p.a.
Annual fee
$40 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Manage your cash flow and pay off business expenses over time with the Commonwealth Bank Corporate Low Rate Credit Card.

The Commonwealth Bank Corporate Low Rate credit card gives you a way to manage spending across your entire business, with the same competitive interest rate for purchases and cash advances. However, it does not offer any interest-free days, so be aware that you’ll collect interest on any balance carried on this account.

The annual fee for the CommBank Corporate Low Rate card is structured to suit the needs of medium and large businesses, with $40 p.a. per card for up to 49 cards, $32 per card for 50 to 499 cards and $24 per card for 500 or more cards. Note that there is an establishment fee of $300 when you open the account.

Pros

  • Low interest rate of 14.55% p.a.
  • Flexible payment options
  • Access with CommBiz

Cons

  • A $300 establishment fee applies

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

With a low variable interest rate of 14.55% p.a., the Commonwealth Bank Corporate Low Rate credit card gives you a way to fund larger business expenses and manage cash flow.

Details

Product details

Product Name CommBank Corporate Low Rate Credit Card
Purchase rate p.a.
14.55%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 17.99%
Card type Mastercard

Eligibility

Available to temporary residents No
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee
$40
Minimum monthly repayment 2.5% of the closing balance or $75, whichever is greater
Late payment fee $25
Foreign currency conversion fee
2.5%
Cash advance fee 1.25%
Overseas cash advance fee $4
Number of additional cardholders 9,999

How to apply

You can apply for the Commonwealth Bank Corporate Low Rate credit card by contacting CommBank's business banking team on 13 19 98. Get started now by checking that you meet the following eligibility criteria and have all the documents and details you need to fill in the application form.

Eligibility criteria

  • Business requirements. You must intend to use this account primarily for business spending.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Flexible payments. Choose to pay the full amount off the card or a minimum amount each month based on your business needs.
  • Control card limits and features. The Commonwealth Bank Corporate Low Rate Card lets you set individual limits for each cardholder.

Rates & fees

  • Establishment fee. A fee of $300 applies when you accept the bank's offer for this account. This fee also applies if you request a credit limit increase and the bank approves it.
  • Annual fee. This account has annual fees of $40 p.a. per card for up to 49 cards, $32 per card for 50 to 499 cards and $24 per card for 500 or more cards.

Your reviews

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Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

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jafar

July 29, 2016

I applied for credit card how long does takes to i get


Avatar

Anndy Finder

July 29, 2016

Hi Jafar,


Thanks for your comment.


After approval, you will receive your Commonwealth Bank Corporate Low Rate Credit Card within the next 5-7 business days via mail.


Cheers,

Anndy


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