Standard fees and charges for credit card services

Annual fee: The annual fee (if applicable) is debited from your card account on the first business day of the second month following the first use of your card and on or about each anniversary of that date.

Additional cardholder fee: $0 on Low Rate, Low Fee and No Annual Fee credit cards, $15 per annum on credit cards with Commonwealth Awards.
The additional cardholder fee (if applicable) is debited from your card account at the end of the statement period of the second month following the first use of your card and on or about each anniversary of that date.

Cash advance fees:

• In a Commonwealth Bank branch: $2.50 or 1.25% of the cash advance amount (whichever is greater)
• Commonwealth Bank ATM: $1.25
• Other Commonwealth Bank network¹ : $1.25
• In a non-Commonwealth Bank branch: $3.00 or 1.25% of the cash advance amount (whichever is greater)
• Non-Commonwealth Bank ATM² : $1.50 or 1.25% of the cash advance amount (whichever is greater)
• Overseas terminal or bank: $4.00 or 1.25% of the cash advance amount (whichever is greater)

Emergency issue/lost/replacement card: $20

Overlimit: $25. An overlimit fee is charged at the end of the statement period if the balance exceeds the credit limit during the statement period. This fee can be avoided by always staying within the credit limit (shown on monthly statements above all transactions, or on the account information page in NetBank).

Late payment: $25. A late payment fee is charged when the minimum payment is not received by the third day after the due date. This fee can be avoided by always making the minimum repayment by the date indicated on monthly statements.

Duplication statement/voucher: $7 each

Recent transactions list: $0.50 each (charged on issue at a Commonwealth Bank ATM)

Non-Commonwealth Bank ATM balance enquiry ³: $1.25

International Transaction ⁴ :

• Converted by MasterCard: 2.50%
• Converted by Visa: 2.45%
• Other means: 1.50%

Click here for standard fees and charges brochure.

• Current as at 1 July 2008. The Bank reserves the right to vary the amounts shown. The Bank gives you notice of any variation in accordance with the legislation (if any) regulating your credit card contract or, where it applies, the Code of Banking Practice.

1. Transfer of funds through NetBank, PhoneBank transfer, Commonwealth Bank Customer Service Centre, Australia Post, 13 2221 Transfer Cash, NetBank Transfer Home Loan, MobileBank Transfer and NetBank Transfer Personal Loan.
2. Charge applies to cash advances through a terminal of other financial institutions in Australia, at ASB Bank in New Zealand and PT Bank Commonwealth in Indonesia.
3. Fee applies to balance enquiries through a terminal of other financial institutions in Australia, at ASB Bank in New Zealand and PT Bank Commonwealth in Indonesia.
4. Fee applies any time cash advances, purchases or permitted transactions are converted by MasterCard, Visa or any other means from foreign currencies to Australian dollar equivalents. The fee for transactions converted by Visa or MasterCard includes the fees they impose on us – Visa (0.95%) and MasterCard (1.00%). For cash advances, the relevant Cash Advances charge will also apply.