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Credit Cards / Fees and charges

Personal Credit Card Standard Fees and Charges

As at 1 December 2023

Credit card type
Annual or monthly fee1
Additional cardholder fee
Interest free period on purchases
Interest rate on purchases
Interest rate on cash advances
CommBank Neo
$15, $20, or $25 or $0 per month2
$0 p.a.
N/A
0% p.a.
0% p.a.3
Low Rate
$6 per month
$0 p.a.
Up to 55 days
10.99% p.a. to 15.99% p.a.13
21.99% p.a.
Low Fee
$3 or $0 per month5
$0 p.a.
Up to 55 days
20.99% p.a.
21.99% p.a.
Awards
$8 per month
$0 p.a.
Up to 44 days
20.99% p.a.
21.99% p.a.
Smart Awards
$19 or $0 per month7
$0 p.a.
Up to 44 days
20.99% p.a.
21.99% p.a.
Ultimate Awards
$35 or $0 per month8
$0 p.a.
Up to 44 days
20.99% p.a.
21.99% p.a.

For full details, see the Standard credit card fees and charges.

Business Credit Card Standard Fees and Charges

As at 13 April 2021

Credit card type
Annual or monthly fee
Additional cardholder fee
Interest free period on purchases
Interest rate on purchases
Interest rate on cash advances
CommBank Neo Business
$12, $18 or $22 or $0 per month2
$0
N/A
0% p.a.
Cash advances are blocked. 
Exceptions may apply3
Low Rate
$0
$0
None
14.55% p.a.
14.55% p.a.
Interest-Free Days
$60 per year
$60 p.a.
Up to 55 days
17.57% p.a.
17.57% p.a.
Awards
$100 per year
$75 p.a.
Up to 55 days
20.74% p.a.
21.74% p.a.
Platinum Awards
$300 per year
$75 p.a.
Up to 55 days
20.74% p.a.
21.74% p.a.

For full details, see the Personal Liability Business Credit Cards Standard Fees and Charges

Personal Products no longer for sale

Credit card type
Monthly fee
Additional cardholder fee
Interest free period on purchases
Interest rate on purchases
Interest rate on cash advances
CommBank Essentials
$5 or $2 per month4
$0 p.a.
Up to 55 days
9.90% p.a.
9.90% p.a.3
Low Rate Gold
$8 per month
$0 p.a.
Up to 55 days
13.99% p.a.
21.99% p.a.
Low Fee Gold
$8 or $0 per month6 
$0 p.a.
Up to 55 days
20.99% p.a.
21.99% p.a.
Gold Awards
$14 per month – equivalent to $168 per year
$0 p.a. 
Up to 44 days
20.99% p.a.
21.99% p.a.
Platinum Awards
$25 per month – equivalent to $300 per year
$0 p.a.
Up to 44 days
20.99% p.a.
21.99% p.a.
Diamond Awards
$32 per month – equivalent to $384 per year
$0 p.a.
Up to 44 days
20.99% p.a.
21.99% p.a.

Business Products no longer for sale

Credit card type
Annual or monthly fee
Additional cardholder fee
Interest free period on purchases
Interest rate on purchases
Interest rate on cash advances
Business Gold Awards
$150 per year
$75 p.a.
Up to 55 days
20.74% p.a.
21.24% p.a.

Other fees (Personal Credit Cards Only)

Fee type
How much will I pay?
When am I charged?
Cash advance fee

(does not apply to CommBank Essentials or CommBank Neo card)3
$4.00 or 3.00% of the transaction amount – whichever is greater. Capped at a maximum of $300 (or $4.00 if your closing balance was in credit the previous business day).
This fee is charged for cash advances obtained:
  • Over the counter at CommBank branches or other Australian financial institutions
  • Through CommBank or other Australian ATMs9
  • At an overseas terminal or financial institution.
It also applies to:
  • Funds transfers using CommBank networks10
  • Purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.11
Late payment fee   (does not apply to CommBank Neo card)
$20
The amount charged if you don't pay the minimum amount, plus any overdue amount, by your statement due date.
International transaction fee  
  • 0% for Ultimate Awards, Smart Awards, and CommBank Neo cards.12
  • 3.50% for Mastercard and Visa transactions12
  • 3.50% for transactions in Australian dollars but with an overseas connection
When you make a transaction that is converted by Mastercard or Visa from a foreign currency to Australian dollars.12

When you make a purchase or obtain a cash advance in Australian dollars while overseas, or while in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas.12
Overlimit fee

(only applies to accounts opened before 1 July 2012. This fee will remain applicable any time you switch to a new credit card product.)
$15
When we first allow you to go over your credit limit in a statement period.
Emergency issue/ lost/ replacement card fee
$20
When you need an emergency replacement card delivered to you.

Business Credit Card Fees

Things you should know

  • 1 Annual fees charged in advance and monthly fees are non-refundable including if your card is switched or closed before that time period expires. If you switch credit card types, your new fee only becomes due and payable, once the time period covered by your previously paid fee expires. Exceptions may apply.

    2  For CommBank Neo and CommBank Neo Business, the monthly fee is charged at $15 per month for a $1,000 credit limit, $20 per month for a $2,000 credit limit and $25 per month for a $3,000 credit limit. If you don't have any processed transactions in a given statement period and pay your previous statement closing balance in full by the due date, you won't be charged a monthly fee for that statement period.

    3 For CommBank Essentials, CommBank Neo and CommBank Neo Business cards, cash advances will be blocked. Exceptions apply as we are unable to block cash advance transaction that are not sent to us for authorisation and these will attract interest from the date the transaction is made, until it's repaid. For CommBank Neo and CommBank Neo Business, these will not incur any additional fees or interest charges.

    4 For CommBank Essentials credit cards, the monthly fee is charged at $5 per month, or $2 per month if you (i) set up automated monthly repayments (through our AutoPay) from a CommBank transaction account; and (ii) opt-in to receive statements on this account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address).

    5 For Low Fee credit cards, there is no monthly fee when you spend at least $300 on your Low Fee credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $3. Spend includes all purchases and cash advances made using your Low Fee credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

    6 For Low Gold Fee credit cards, there is no monthly fee when you spend at least $2,000 on your Low Fee Gold credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $8. Spend includes all purchases and cash advances made using your Low Fee credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

     7 For Smart Awards credit cards, there is no monthly fee if you spend at least $2,000 on your Smart Awards credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $19. Spend includes all purchases and cash advances made using your Smart Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

    8 For Ultimate Awards credit cards, there is no monthly fee if you spend at least $4,000 on your Ultimate Awards credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $35. Spend includes all purchases and cash advances made using your Ultimate Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

    9 Includes cash advances through a terminal at ASB Bank in New Zealand. For cash advances and balance enquiries made through a non-CommBank 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 any cash advance amount).

    10 Includes any funds transfers through NetBank, CommBank app, by calling 13 2221 and Australia Post.

    11 Applies to transactions for items we consider equivalent to cash, such as gambling, lottery tickets, money transfers or travellers cheques, including transactions which merchants tell us are for such items. 

    12 For cash advances, the cash advance fee will also apply (excluding CommBank Essentials and CommBank Neo cards which do not offer cash advances).

    13 From 10 December 2024, interest rates offered on approval vary from 10.99% p.a. to 15.99% p.a. The rate offered to you (your personalised interest rate) within this range depends on different factors, including your individual credit risk score.

    Once your credit contract is entered into, your personalised interest rate will be reviewed periodically and may change upon review. We may also vary the range of rates available for new Low Rate credit cards at any time. We’ll notify you as outlined in the conditions of use if your personalised interest rate changes.  

    All customers with an existing CommBank Low Rate credit card, and customers who switch from an existing CommBank credit card to a Low Rate credit card will be offered or will retain an interest rate of 13.99% p.a. This rate may be varied at any time during the term of the credit contract.

    Please refer to the Low Rate credit card FAQs for more information.