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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Community First Low Rate Credit Card

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Community First Low Rate Credit Card
Terms and conditions apply
Balance transfer rate for 12 months with no balance transfer fee
0% p.a.
Purchase rate
8.99% p.a.
Annual fee
$40 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a low interest rate for purchases and 0% on balance transfers for the first 12 months, with a $40 annual fee.

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 purchases, cash advances and balance transfers (outside of any promotions). This sets it apart from most other low rate cards, which typically charge higher rates for cash advances and balance transfers. In 2024, it was named highly commended in the Best Low Rate Credit Card category of the Finder Credit Card Awards for the third year in a row.


  • 0% p.a. for 12 months on balance transfers
  • Interest-free period of up to 55 days
  • Low annual fee of $40 p.a.
  • 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

In this guide

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

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.


Product details

Product Name Community First Low Rate Credit Card
Balance transfer rate p.a. 0% for 12 months, then 8.99%
Purchase rate p.a. 8.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 8.99%
Min credit limit $500
Max credit limit $15,000
Card type Visa


Available to temporary residents No
Joint application No


Bonus points N/A


Annual fee $40
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Late payment fee $25
Foreign currency conversion fee 3%
Overseas cash advance fee $5
Additional cardholder fee $0

Well done, Community First!

The Community First Low Rate Credit Card offers an 8.99% interest rate for purchases, a low $40 annual fee and up to 55 days interest-free for purchases when you pay the total amount listed on each statement by the due date. It was also a finalist in this category in 2023 and is another member-owned financial institution.

Full list of 2024 winners

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 12 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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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.


Jhez Finder

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.



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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.



Jonathan Finder

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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