Low Rate cards

  1. Apply online for a new Low Rate or Low Rate Gold credit card by 28 October 2020
  2. Spend $1,000 on eligible purchases by 31 January 2021
  3. Your $200 cashback will be credited to your account within 90 days
Keep in mind: If you’ve had a Low Rate or Low Rate Gold credit card in the last 12 months, you won’t be eligible for this offer.

low rate credit card

Low Rate credit card

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

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low rate gold card

Low Rate Gold credit card

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Looking for a business credit card?

Take a look at your options

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Things you should know

* Offer available on new Low Rate, Low Rate Gold and Low Rate Business (personal liability) credit cards applied for between 1/7/2020 and 28/10/2020. Offer not available on all other card types including the CommBank Essentials credit card, existing cards, switches from other card types, and new Low Rate credit cards if you currently hold, or have held, any Low Rate card type in the 12 months prior. You will be ineligible for the cashback if your account is closed, switched to another card, or in default at any time prior to the cashback being credited to your account. To be eligible for the $200 cashback, you need to spend at least $1,000 on eligible purchases (not including balance transfers and cash advances) using your new card by 31/1/2021. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as 'CASHBACK $200'. Cashback only available on one credit card per customer. We reserve the right to close the offer prior to 28/10/2020.

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

^ Travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period. You will need to activate your travel insurance for each trip in order to have a comprehensive level of cover. To activate your cover, register on NetBank, the CommBank app or call Cover-More on 1300 467 951 before you travel. If you don’t activate you’ll receive Base medical which includes personal liability cover and unlimited overseas emergency medical assistance and hospital expenses only. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia. If you purchase an Upgrade Policy, we receive a commission which is a percentage of your premium - ask us for more details before we provide you with any services on this product (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information can be found here

Mastercard and the Mastercard brand mark are registered trademarks of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.