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About the Low Rate credit card


  • Ideal cash flow tool for small business owners
  • Simple application process, no need to provide business financials
  • Separate your business expenses from your personal, saving you time with every BAS
  • Low competitive interest rate
  • No annual fee
  • Minimum credit limit of $500
  • Free additional credit card. Apply now
  • By choosing to take personal responsibility for your card, you can apply online now and receive your card in as few as 10 business days (pending credit approval)
  • MasterCard is accepted at over 35 million locations worldwide, in over two million ATMs, in more than 210 countries
  • 24/7 emergency assistance overseas if you lose your card with MasterCard Global Service
  • Access to a unique collection of experiences and offers  exclusively for MasterCard cardholders through Priceless Sydney and MasterCard Privileges


  • Low, competitive interest rate with no annual fee and no interest-free period
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)
  • Manage online with CommBiz or NetBank – request online statements, establish automated payments and change daily withdrawal limits
  • Complimentary transit accident insurance up to $250,000 for cardholders
  • Add your business name on the credit card beneath cardholder’s name
  • Transactions updated instantly – so you’ll always know where you stand1
  • Transaction location mapping – track purchase locations
  • Control your security and spending – instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.

Rates and fees

Interest rate

14.55% p.a. on purchases
14.55% p.a. on cash advances

Interest-free period

No interest free period on purchases.

Balance transfer rate

Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across, cash advance rate thereafter2.

Annual fee


Additional cardholder fee


Cash advances

  • ATM3: 1.50% of the transaction amount.8
  • Commonwealth Bank over the counter4: $2.50 or 1.50% of the transaction amount (whichever is greater).8
  • Non-Commonwealth Bank over the counter5: $3.00 or 1.50% of the transaction amount (whichever is greater).8
  • Any other Commonwealth Bank network6: 1.50% of the transaction amount.8
  • Overseas terminal or bank: $4.00 or 1.50% of the transaction amount (whichever is greater).8
  • Cash equivalent items or cash substitutes7: 1.50% of the transaction amount (whichever is greater).8

Other fees may apply. For full details, see the Personal Liability Business Credit Cards Standard Fees and Charges (PDF 11kb)

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Important information

1 Excludes some manual transactions and some contactless payments.

2 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.

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 at Commonwealth Bank branches.

5 Fee applies to cash advance transactions made at other financial institutions within Australia.

6 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.

7 Charge applies to purchases of cash equivalent items or cash substitutes including gambling transactions or traveller’s cheques.

8 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. 

MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. American Express is a registered trademark of American Express. This credit card program is issued and administered by the Commonwealth Bank of Australia. Commonwealth Bank American Express Card is issued and administered by Commonwealth Bank of Australia pursuant to a license from American Express.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in our Letter of Offer. Bank fees and charges may apply. This advice has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider its appropriateness to your circumstances. You can also download our Financial Services Guide (FSG) (PDF 59kb).

View Terms and Conditions for Electronic Banking (PDF 135kb), NetBank and CommBiz (PDF 325kb) and consider them before making any decision about these products. View our Certificate of Transit Accident Insurance (PDF). Please view our Credit Card Conditions of Use.

The CommBank Business Credit Cards are Personal Liability Business Credit Cards. By applying, you (the individual that is applying for a Business Credit Card) acknowledge that the Business Credit Card you are applying for provides for Personal Liability. We will look to you (and no any company, partnership or other business entity that may employ or engage you) to recover all amounts charged using the Business Credit Card, including any amounts charged by an additional cardholder.