Low rate credit cards

With a low interest rate on purchases, our Low Rate credit card makes it easier to pay off your balance over time.

  • 13.24% p.a purchase interest rate
  • $59 annual fee
  • Minimum credit limit of $500

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  • 9.90% p.a. purchase interest rate
  • $2 monthly fee when you choose online statements and set up automatic repayments from a CommBank transaction account using AutoPay. Otherwise monthly fee is $52
  • Credit limit from $400 to a maximum of $3000 

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Low fee credit cards

Enjoy no annual fee for the first year and each year after when you meet certain spend requirements.1

  • $0 annual fee in the first year and subsequent years when you spend $1,0001
  • 19.74% p.a. purchase interest rate
  • Minimum credit limit of $500

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  • $0 annual fee in the first year and subsequent years when you spend $10,0001
  • 19.74% p.a. purchase interest rate
  • Minimum credit limit of $4,000
  • Pay no international transaction fees for purchases you make overseas or online
  • Handy extras like international travel insurance4

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Awards credit cards

Earn points3 quickly when you use your CommBank Awards credit card for daily spending.

  • Earn 1 Awards point for every dollar spent using your Mastercard®, up to 50,000 points a year3
  • $59 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $500

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Offer

30,000 Bonus Awards Points when you apply for a new CommBank Awards credit card by 31 October 2019 and spend $2,000 on eligible purchases with your new card by 31 January 2020.Tell me more

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  • Earn 1 Awards point for every $1 spent using your Mastercard®, up to 150,000 points a year3
  • $249 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $6,000
  • Handy extras like international travel insurance4

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Offer

100,000 Bonus Awards Points when you apply for a new CommBank Platinum Awards credit card by 31 October 2019 and spend $4,000 on eligible purchases with your new card by 31 January 2020.^

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  • Earn 1.25 Awards points for every dollar spent using your Mastercard®, up to 1 million points per year3
  • $349 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $15,000
  • Handy extras like international travel insurance4
  • Enjoy cashback offers at participating merchants when you travel overseas with Mastercard Traveler Rewards5

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Offer

120,000 Bonus Awards Points when you apply for a new CommBank Diamond Awards credit card by 31 October 2019 and spend $6,000 on eligible purchases with your new card by 31 January 2020.^

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Looking for a business credit card?

Things you should know

^ This offer has been extended. Offer applies to new Retail and Business Awards Credit Cards applied for between 01/05/2019 and 31/10/2019 only (previous end date 31/07/2019). To be eligible for the bonus CommBank Awards points, you need to meet the minimum spend requirement on eligible purchases applicable to your card using your new card by 31/01/2020 (previous end date 31/10/2019, excludes balance transfers, cash advances and any purchase that is reversed or refunded). Offer excludes all existing cards, switches from other card types and is not available to customers who currently hold, or have held, any Awards cards types in the 12 months prior. Offer only available on one credit card per customer, can be withdrawn at any time. Bonus points will appear on your statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. You will be ineligible for the points if your account is closed, transferred, or in default at any time prior to the points being credited to your account. The earning and redemption of CommBank Award points are subject to the Commonwealth (CommBank) Awards Program Terms and Conditions, available at commbank.com.au/awardst&cs.

Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable.

1 We'll waive your annual fee for the first year, and then continue to waive your annual fee each subsequent year as long as you spend at least $1,000 (Low Fee) or at least $10,000 (Low Fee Gold) in the previous year (on purchases and cash advances only).

2 The annual fee is charged at $5 per month or $2 per month if you:

  • Set up automated monthly repayments through our credit card AutoPay from a CommBank transaction account and
  • Opt in to receive online statements on your CommBank Essentials account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address)

3 The earning and redemption of CommBank Awards points are subject to the Commonwealth (CommBank) Awards Program Terms & Conditions. Points are earned on eligible transactions (excludes for example BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card) and are subject to points capping. Awards and the number of points required for Awards are subject to change at any time without notice.

Customers opted in to Qantas Frequent Flyer Direct can earn up to 30,000 Awards points per year which is equal to 12,000 Qantas Points (Awards) or earn up to 120,000 Awards points per year which is equal to 48,000 Qantas Points (Platinum Awards) or earn up to earn up to 1,000,000 Awards points per year which is equal to 400,000 Qantas Points (Diamond Awards). To opt in to Qantas Frequent Flyer Direct, call 13 1661 or visit the Awards website Redeem Travel page. There is a $30 annual fee charged for opting in. Once a customer has opted in to Qantas Frequent Flyer Direct, all CommBank Awards points earned after opting in will be automatically redeemed for Qantas Points and transferred monthly to their Qantas Frequent Flyer account at the applicable conversion rate. It is important to note that any CommBank Awards points earned prior to the date of your opt-in cannot be transferred to your Qantas Frequent Flyer account. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. A joining fee may apply. Membership and the earning and redemption of points are subject to the Qantas Frequent Flyer program terms and conditions. Further information on the Qantas Frequent Flyer program including the terms and conditions of the program are available at qantas.com/terms or by calling 13 11 31.

4 If you activate an international travel insurance policy included with an eligible credit card or where a claim event on other insurances occurs prior to 1 October 2018, the insurance is issued and managed by AWP Australia Pty Limited ABN 52 097 227 177 AFSL No. 245631 (trading as Allianz Global Assistance) on behalf of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No. 234708 for Commonwealth Bank of Australia.

If you activate an international travel insurance policy included with an eligible credit card or where a claim event on other insurances occurs on or after 1 October 2018, the insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia.

Cover is available for you, your spouse and your eligible dependent/accompanied children for return trips from Australia, up to a set period. You need to activate your international travel insurance included with eligible credit cards before each trip in order to have comprehensive level of cover. If you don’t activate, you’ll receive personal liability cover and overseas emergency medical assistance and overseas emergency medical and hospital expenses cover only.

Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here.

5 Mastercard Traveler Rewards are only available through participating merchants outside Australia. To receive the advertised cashback, pay with your Diamond Awards Mastercard at a participating overseas merchant and meet the offer’s terms and conditions. You must pay in the overseas currency of the offer – transactions made in Australian dollars are not eligible. An international transaction fee will apply. Cashbacks may take up to 30 days to appear on your statement. Visit www.mastercard.com/travelerrewards for a list of participating merchants and to find out more.

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.