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.
Stay in control of your spending
- Setting a Spending Cap helps you keep on top of your spend. Plus you can still access additional funds if you need them
- Know where your money is going with Spending Tracker & Insights
- Set up a SurePay instalment plan to help you manage your repayments
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™
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 advances may be unavailable or subject to a limit restriction.
Cash advance fee
$3.00 or 3.00% 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%
This is charged 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.
Minimum credit limit
$500
Purchase interest rate
13.24% p.a.
Support
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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.
* This offer has been extended. Offer available on new Low Rate and Low Rate Business (personal liability) credit cards applied for between 26/02/2021 and 30/09/2021 (previous end date 30/06/2021). Offer not available on all other card types, including the Low Rate Gold and CommBank Essentials credit card, existing cards, and switches from other card types, and will be forfeited if you switch to a different credit card type during the 15 month period. The 0% p.a. interest rate on purchases (but not balance transfers and cash advances) is valid for 15 months from the date of card approval. At the end of the 15 month period, the interest rate will convert to the standard variable purchase interest rate at that time. We reserve the right to close the offer prior to 30/09/2021.
1 A maximum charge of $300 (or a flat fee of $3.00 applies if your closing balance on previous business day was in credit).
Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable. Mastercard® and Priceless are 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.
