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Credit cards / Low Rate credit card

At a glance

What you get

  • A low purchase interest rate of 13.24% p.a.
  • Up to 55 days interest free on purchases
  • Minimum credit limit $500
  • $59 annual fee
  • Priceless® Cities offers and experiences

Trade-offs

  • You won’t earn Awards points
  • International travel insurance isn't included
  • Higher annual fee compared to the Low Fee credit card 
  • Higher interest rates compared to the CommBank Essentials credit card
  • International transaction fees apply

Control & security for your card

Lock, Block, Limit®

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

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Stay in control of your spending

Security protection

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Mobile payments & wearables

Secure, cashless payments are now possible using your compatible phone or wearables.
 
Cyclist

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
$59
     
Balance transfer rate
5.99% p.a.
Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across, cash advance rate thereafter. Conditions apply.
Cash advance interest rate
21.24% p.a.
   
Cash advance fee
$2.50 or 2.00% of the transaction amount – whichever is greater1
This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.1  
Interest free period on purchases
Up to 55 days
   
International transaction fee
3.00%
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
For cash advances, the cash advance fee will also apply.
Late payment fee
$20
The amount charged if you don't pay the minimum amount, plus any overdue amount, by your statement due date.
Minimum credit limit
$500
   
Purchase interest rate
13.24% p.a.
   

Support

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Managing your payments

 

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Things you should know

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. 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 view our Credit Card Conditions of Use. 

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

* Offer applies to new personal Low Rate, Low Rate Gold and Low Rate Business Credit Cards (personal liability) applied for between 01/11/2018 and 31/01/2019 only. To be eligible for the $250 cashback, you need to spend $500 on eligible purchases using your new card within the first 90 days of card activation (excludes balance transfers, cash advances and any purchase that is reversed or refunded). Offer excludes CommBank Essentials credit cards, all existing cards, switches from other card types and is not available to customers who currently hold, or have held, any of the above cards types in the 12 months prior to 01/11/2018. Offer only available on one credit card per customer, can be withdrawn at any time, and cannot be used in conjunction with any other offer. Cash back will be credited within 60 days of you meeting the eligibility criteria and will appear on your statement as ‘CASHBACK $250’. You will be ineligible for the cash back if your account is closed, switched to another card, or in default at any time prior to the cash back being credited to your account.

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.

1 A maximum charge of $150 (or a flat fee of $2.50 applies if your closing balance on previous business day was in credit). 

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