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Credit Cards / CommBank Essentials credit card

FAQs

  • Why is this card no longer available for sale?

    We regularly review our credit cards to ensure our product range meets customer needs, preferences and market conditions. As a result, we’ve decided to discontinue this product.

    What do existing cardholders need to do?

    No action is required for existing CommBank Essentials customers. The current product will continue to function as usual, it’s just no longer available to new customers.

    I’m currently in the process of submitting my application for a credit card that is no longer for sale. What should I do?

    If you’ve started your application on or before 2 June 2023, subject to credit approval, you’ll still be eligible for the product.

    Can I switch to another CommBank credit card?

    Yes, please refer to the switch your credit card page for more detail.

Rates & fees

Other fees may apply so check our standard fees and charges and read the key facts about our credit cards.

Type
Rates & fees
Conditions
Additional cardholder fee
$0
   
Annual fee
Up to $60
$2 monthly fee when you choose online statements and set up automatic payments from a CommBank transaction account using credit card AutoPay. Otherwise monthly fee is $5.2  
Balance transfer rate
Balance transfers not available
   
Cash advance interest rate
9.90% p.a.
Cash advances are blocked. Exceptions may apply3  
Interest free period on purchases
Up to 55 days
When you pay the full closing balance on your statement by the due date each month.  
International transaction fee
3.50%
When you make a transaction in a foreign currency or make a transaction in Australian dollars:
  • While overseas; or
  • In Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas.
Late payment fee
$20
The amount charged if you don't pay the minimum amount, plus any overdue amount, by your statement due date.
Maximum credit limit
$3000
   
Minimum credit limit
$400
   
Purchase interest rate
9.90% p.a
   

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Things you should know

  • The advice on this website has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances. Applications for credit cards are subject to credit approval. Full terms and conditions will be included in our Letter of Offer. Bank fees and charges apply. Please read our CommBank Credit Card Conditions of Use

    Interest rate and fees subject to change.

    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 We’re unable to block cash advance transactions that aren’t sent to us for authorisation. These will attract interest from the date the transaction is made until it’s repaid.

    Mastercard, Priceless and the circles design are registered trademarks of Mastercard International Incorporated.