Rates & fees

Rates
Interest rate	20.49% p.a. on purchases 21.49% p.a. on cash advances
Interest-free period	Up to 55 days interest free on purchases and most bill payments, but does not apply to cash withdrawals.
Balance transfer rate (i)	Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across. 1

Fees
Annual fee	$280  (or $250 if you’re a qualifying customer)
Additional cardholder fee	$15 per annum
Cash advances	Commonwealth Bank Over the Counter2 $2.50 or 1.50% (whichever is greater).6 ATM3: 1.50% of the cash advance amount.6 Any other Commonwealth Bank network4: 1.50% of the cash advance amount. 6 Non-Commonwealth Bank Over the Counter5: $3.00 or 1.50% of the cash advance amount (whichever is greater).6 Overseas terminal or bank: $4.00 or 1.50% of the cash advance amount (whichever is greater).6

View the standard fees and charges brochure (PDF 140KB).

 

• Important information
  Current as at 12/05/2010. 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.
  American Express is a registered trademark of American Express.
  MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

1. The interest free period (up to 55 days) on purchases and most bill payments does not apply to any purchases while a balance transfer remains outstanding, and at the end of the balance transfer period, the interest rate on any outstanding transferred balances converts to the cash advance rate current at that time. Other fees and charges may be payable charges may be payable.
2. Charge applies to cash advances at Commonwealth Bank branches.
3. Charge applies to cash advances through a terminal of any financial institution in Australia, at ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam.
4. Charge applies to cash advances by way of funds transfer through NetBank, PhoneBank Transfer, Commonwealth Bank Customer Service Centre, Australia Post, 13 2221 Transfer Cash, NetBank Transfer Home Loan, Mobile Bank Transfer and NetBank Transfer Personal Loan.
5. Fee applies to cash advance transactions made at other financial institutions within Australia.
6. A maximum charge of $150.00 (or a flat fee of $2.50 applies if your closing balance on previous business day was in credit).

• Note: For cash advances and balance enquiries made through a non-Commonwealth Bank ATM in Australia, the ATM owner may charge you a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to the cash advance amount) if applicable. You should check the ATM owner’s fees that apply carefully before completing.