Low Rate credit cards


  • You won’t earn Awards points
  • Higher annual fee compared to the Low Fee credit card 
  • Higher interest rates compared to CommBank Essentials credit card and CommBank Neo
  • International transaction fees apply

  • Our most popular credit card
  • 13.24% p.a purchase interest rate
  • $59 annual fee
  • Minimum credit limit of $500

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Enjoy the flexibility of 0% p.a. on purchases for 18 months + $100 cashback. 

Apply for a new Low Rate credit card by 31 October 2022 and spend $1,000 on purchases within 90 days of card activation.*

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Low Rate Gold credit card

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  • Our lowest rate on purchases
  • 9.90% p.a. purchase interest rate
  • $2 monthly fee when you choose online statements and set up automatic repayments from a CommBank transaction account using AutoPay. Otherwise monthly fee is $52
  • Credit limit from $400 to a maximum of $3000 

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Need help finding the right card for you?

Things you should know

  • * This offer has been extended. Offer available on new Low Rate credit cards applied for between 01/03/2022 and 31/10/2022 (previous end date 30/06/2022). Offer not available on all other card types, including Low Rate Gold, CommBank Essentials and CommBank Neo credit card, existing cards, and switches from other card types. Offer not available if you currently hold, or have held, any Low Rate card type in the 12 months prior.

    This offer consists of: (i) a 0% p.a. interest rate on purchases (but not balance transfers and cash advances) for 18 months from the date of card approval, and (ii) $100 cashback once you spend $1,000 on purchases (but not balance transfers and cash advances) using your new card within 90 days of activation.

    At the end of the 18 month period, the interest rate will convert to the standard variable purchase interest rate at that time. The 0% p.a. interest rate offer will be forfeited if you switch to a different credit card type during the 18 month period.

    Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $100’. Cashback only available on one credit card per customer. 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.

    We reserve the right to close the offer prior to 31/10/2022.

    1 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 and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here.

    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)

    Applications for credit cards 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 and Australian credit licence 234945.

    The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Please view our Credit Card Conditions of Use.