CommBank Neo will provide customers with up to $3000 of credit, with no interest payments, no late payments, no foreign currency fees, and best of all for a fixed monthly fee.
Angus Sullivan, CBA’s Group Executive of Retail Banking Services, said “Using the full power of our innovation means CommBank Neo will also offer access to discounts and cash back offers with a range of retailers through CommBank Rewards”.
These rewards offer *eligible customers real benefits through CommBank Neo as they provide access to cashback offerings from a range of retailers.
For example a customer may receive a $15 cash back offer when they spend at one of the 80+ retailers. This makes the monthly fee even greater value for CommBank Neo customers.
CommBank Neo offers customers certainty and control over their spending through a simple, easy to understand product.
The product does not provide access to cash advances or gambling.
Customers will be refunded their monthly fee if they have no purchases in a month and the card balance is zero.
This card can be used anywhere that Mastercard is accepted.