Credit cards / Fees and charges

Personal Credit Card Standard Fees and Charges

As at 15 January 2020

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 Essentials
$5 or $2 per month1
$0 p.a.
Up to 55 days
9.90% p.a.
9.90% p.a.2
Low Rate
$59 per year
$0 p.a.
Up to 55 days
13.24% p.a.
21.24% p.a.
Low Rate Gold
$89 per year
$0 p.a.
Up to 55 days
13.24% p.a.
21.24% p.a.
Low Fee
$29 or $0 per year3
$0 p.a.
Up to 55 days
19.74% p.a.
21.24% p.a.
Low Fee Gold
$89 or $0 per year4
$0 p.a.
Up to 55 days
19.74% p.a.
21.24% p.a.
Awards
$59 per year
$10 p.a.
Up to 55 days
20.24% p.a.
21.24% p.a.
Platinum Awards
$249 per year
$10 p.a.
Up to 55 days
20.24% p.a.
21.24% p.a.
Diamond Awards
$349 per year
$10 p.a.
Up to 55 days
20.24% p.a.
21.24% p.a.
Ultimate Awards
$35 or $0 per month5
$0 p.a.
Up to 55 days
20.24% p.a.
21.24% p.a.

Business Credit Card Standard Fees and Charges

As at 22 October 2020

Credit card type
Annual or monthly fee
Additional cardholder fee
Interest free period on purchases
Interest rate on purchases
Interest rate on cash advances
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
Annual or monthly fee
Additional cardholder fee
Interest free period on purchases
Interest rate on purchases
Interest rate on cash advances
Gold Awards
$119 per year
$10 p.a.
Up to 55 days
20.24% p.a.
21.24% 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 card)2
$3.00 or 3.00% of the transaction amount – whichever is greater. Capped at a maximum of $300 (or $3.00 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 ATMs6
  • At an overseas terminal or financial institution.
It also applies to:
  • Funds transfers using CommBank networks7
  • Purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.8
Late payment fee
$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 credit cards and Low Fee Gold credit cards9
  • 3.00% for Mastercard and Visa transactions9
  • 3.00% 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.9

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.9
Overlimit fee

(only applies to accounts opened before 1 July 2012)
$10
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

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

Things you should know

1 For CommBank Essentials credit cards, the annual fee is charged monthly 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).

2 For CommBank Essentials credit cards, cash advances will be blocked. Exceptions apply, as we are unable to block cash advance transactions that are not sent to us for authorisation and these will attract interest from the date the transaction is made, until it is repaid.

3 For Low Fee credit cards, no annual fee in the first year and each year after that if you spend $1,000 or more on purchases or cash advances in the previous year.

4 For Low Fee Gold credit cards, no annual fee in the first year and each year after that if you spend $10,000 or more on purchases or cash advances in the previous year.

5 For the Ultimate Awards credit card, the annual fee is charged monthly at $35 per month, or $0 per month if you (i) spend at least $2,500 on your Ultimate Awards credit card in your statement period and (ii) choose to receive online statements.

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). You can opt in to receive online statements through NetBank or the CommBank app, which will require a valid email address.

6 Includes cash advances through a terminal at ASB Bank in New Zealand, CommBank in Indonesia and CommBank in Vietnam. 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).

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

8 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. Western Union transactions will also be considered equivalent to cash from 31 July 2019 onwards - you may have received previous communications via your statements announcing that this change would be effective from 1 July 2019. Please disregard this date and note that this change will now occur from 31 July 2019.

9 For cash advances, the cash advance fee will also apply (excluding CommBank Essentials credit cards).