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
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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 to 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.

Pros

  • 0% p.a. for 12 months on balance transfers, with no BT fee
  • Interest-free period of up to 55 days
  • Low annual fee of $40 p.a.
  • Low interest rate for purchases and cash advances

Cons

  • 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.

Details

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.
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
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Bonus points N/A

Fees

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

Congratulations, Community First!

Community First Low Rate Credit Card received the highly commended award for 'Low Rate Credit Card' in the 2024 Product Awards.

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

  • 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.).
  • Support for charitable cause. The Community First Bank Low Rate Credit Card also shares the same interest rates and features with the Low Rate Pink and Low Rate Blue credit cards. But for each year that you hold the pink card, Community First donates half of the annual fee to the McGrath Foundation. If you choose the blue card, half of the annual fee will go to the Prostate Foundation of Australia.

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.

Your reviews

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Amy Finder

Editor

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Jodi

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.


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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.


Regards,

Jhezelyn


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Kim

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.


Kim


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Jonathan Finder

June 22, 2015

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


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