Low Rate credit card

A credit card with a low 13.24% p.a. purchase interest rate.

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Get up to $300 cashback offer

You’ll enjoy 5% cashback on purchases, up to $100 per month for the first three months. That’s up to $300 cashback you can put back in your wallet.1  

low rate credit card

Getting your cashback

  1. Apply for a new Low Rate credit card by 30 April 2020
  2. Spend on your new card and receive 5% cashback on eligible purchases up to $100 per month, for the first three months
  3. Your cashback will be credited to your account each month within 90 days of you meeting the monthly eligibility criteria

Keep in mind, if you’ve held any Low Rate credit cards in the last 12 months, you won’t be eligible for the offer.

Other cashback credit card offers

business low rate card

Get up to $300 cashback with a new Business Low Rate credit card

offer

Enjoy 5% cashback on eligible purchases, up to $100 per month, for the first three months with a new Business Low Rate credit card. Apply by 30 April 2020.1

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More offers

0% p.a. on purchases for 15 months

With a new Low Fee Gold or Low Rate Gold credit card. Apply by 29 February 2020.2

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Bonus points awards offer

Earn 100,000 Bonus Awards Points when you apply for a new CommBank Platinum Awards credit card by 29 February 2020 and spend $4,000 on eligible purchases within 90 days of activation.3

Things you should know

1 Promotion applies to all new Retail and Business Low Rate credit cards, applied and submitted between 01/11/2019 and 30/04/2020. The 5% cashback is based on eligible purchases made on your card in the first three months from activation up to the value of $100 per month (excludes balance transfers, cash advances and any purchase that is reversed or refunded). Each month is calculated as a 30 day period.

Offer excludes all existing cards, switches from other card types and is not available to customers who currently hold, or have held, any Low Rate card types in the 12 months prior. Offer only available on one credit card per customer, offer can be withdrawn at any time. Cashback will appear on your statement as ‘cashback’ each month within 90 days of you meeting the monthly eligibility criteria. You will be ineligible for the cashback if your account is closed, transferred, or in default at any time prior to the cashback being credited to your account.

2 Offer available on new Low Fee Gold and Low Rate Gold credit cards when you create an application between 01/11/2019 and 29/02/2020 only. Excludes all other card types. The 0% p.a. promotional interest rate on purchases is valid for 15 months from the date of card approval (excludes balance transfers). At the end of the 15 month period, the interest rate will revert to the standard variable purchase interest rate for your card at that time. Offer excludes all existing cards, switches from other card types and will not be applied if you switch to a new product during the promotional period, offer can be withdrawn at any time.

3 Offer applies to new Retail and Business Standard Awards and Platinum Awards credit cards applied and submitted between 01/11/2019 and 29/02/2020 only. To be eligible for the bonus CommBank Awards points, you need to meet the minimum spend requirements on eligible purchases using your new card within the first 90 days of activation (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 card types in the 12 months prior. Offer only available on one credit card per customer, offer 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 here.

Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable. 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, Australian credit licence 234945.