Introducing CommBank Neo

  • CommBank Neo: It's a new way to pay! An interest-free credit card without any late fees or surprise changes - just a simple monthly fee. Say goodbye to complex percentages and calculations.

    You'll also get some benefits through CommBank Rewards.1

At a glance

  • What you’ll get

    • No interest, no late fees
    • A choice of three credit limits; $1,000, $2000 or $3,000
    • Simple monthly fee of $12, $18 or $22, based on your credit limit. If you don’t use your card and pay your total balance owing in full, you won't be charged the monthly fee2
    • No foreign exchange or additional cardholder fees
    • Cashback benefits for eligible cardholders through CommBank Rewards in the CommBank app1
  • Trade-offs

    • You won’t earn Awards points
    • International travel insurance isn’t included
    • Cash advances are blocked (exceptions apply)3
    • No balance transfers
    • Not eligible for SurePay plans or Wealth Package benefits
    • Low credit limits

How does CommBank Neo's monthly fee work?

  • Your CommBank Neo monthly fee is based on your credit limit.

    • $12 per month for $1,000 limit
    • $18 per month for a $2,000 limit
    • $22 per month for a $3,000 limit

    This fee is charged at the end of your statement period. Each statement period runs for about 30 days, so you’ll be charged around the same time every month. You’ll then have 25 days from that time to pay (i.e. your due date).

    The fee you pay depends on the limit you have when your statement period ends. If you change from a $3,000 to a $1,000 limit within a given statement period, and use your card, you’ll be charged a $12 fee at the end of period.

    We’ll waive your monthly fee if you don’t have any processed transactions2 in a given statement period and you pay your previous statement closing balance in full (i.e. the total amount you owe from your last statement period) by the due date.

CommBank Rewards

CommBank is rewarding you when you shop, which is why we’ve partnered with big brands to give you cashback when you activate and redeem your CommBank Rewards.

Personalised rewards

We'll send you shopping rewards based on where you've shopped before, and similar places we think you'll like.

Available to eligible1 Mastercard® cardholders in the CommBank app.

Mobile screen: CommBank Rewards in the CommBank app

Control & security for your card

  • Lock, Block, Limit®

    Instantly lock, block or limit your card for extra control through the CommBank app or NetBank.

    Show me how

  • Stay in control of your spending

  • Security protection

    • 24-hour fraud protection that detects abnormal transaction spending habits
    • Free protection against fraud and other unauthorised transactions with Mastercard Zero Liability
    • 24/7 emergency overseas assistance if you lose your card with Mastercard Global Service

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Mobile payments & wearables

Secure, cashless payments are possible using your compatible phone or wearable. You can make fast and secure payments with Apple Pay

Rates & fees

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

Rates & fees
Monthly fee
$12, $18 or $22 (based on your credit limit)

Pay $0 if you don’t use your card and pay your total balance owing in full2
$12 for a $1,000 limit

$18 for a $2,000 limit

$22 for a $3,000 limit

Additional cardholder fee
Late payment fee
International transaction fee
Purchase interest rate
0% p.a.
Cash advance interest rate
0% p.a.
Cash advances are blocked. 
Exceptions may apply3
Balance transfer rate
Balance transfers not available
Credit limits
Available limits: $1,000, $2,000 or $3,000

Things you should know

  • Eligible CBA credit or debit Mastercard, business credit cards and StepPay customers, that are at least 18 years old, are not in hardship, and are not in default with any CommBank accounts can access CommBank Rewards through the latest version of the CommBank app. Terms and conditions including minimum spend requirements apply to CommBank Rewards and can be viewed within the CommBank app.

    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. We may process transactions later than the day you originally made them. This is when your transaction is no longer a pending transaction and has been fully processed by us.

    We’re unable to block cash advance transactions that aren’t sent to us for authorisation. These will not incur any additional fees or interest charges.

    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.

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