Help & support
Learn more about our Low interest credit card
New customers who apply for a Low Rate credit card from 10 December 2024, will be offered a personalised interest rate on purchases on approval, from within a range of 10.99% p.a. to 15.99% p.a.5
A personalised interest rate is the rate we offer you from within the range of rates available on Low Rate credit cards, currently 10.99% p.a. to 15.99% p.a.5 The rate you’re offered depends on a number of factors including your individual credit risk score and the information we have about you as an existing customer. Other considerations may also apply.
Your individual credit risk score is a number that reflects our internal assessment of your credit worthiness, such as your ability to repay your bills on time. If you have a high credit risk score, this means you’re rated as being more likely to pay back a loan on time.
The personalised rate will be reviewed periodically and may change upon review. Where your personalised interest rate changes you will be notified of the change as agreed in your Conditions of Use.
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 Yello Cashback Offers.
We'll send you shopping offers based on where you've shopped before, and similar places we think you'll like.
Available to eligible2 Mastercard® cardholders in the CommBank app.
Other fees may apply so check our standard fees and charges and read the key facts about our credit cards.
Customers who apply between the campaign dates, meet the spend criteria and are not excluded as per the T&Cs are eligible for the campaign.
Your spending period starts from the day your card is opened. For your first spend period, we've combined the first two billing periods to give you extra time to meet the first spend criteria. After that, spending periods will match your statement periods until the offer condition ends.
Cash advances and refunds (including CommBank Yello cashback offers) are not included as eligible transactions.
Cashback is awarded up to 90 days after each statement period ends.
Digital cards appear immediately after the account is established on your CommBank App. Add this to your digital wallet and you can start spending straight away!
CommBank Yello customers can receive up to 10% of the booking amount back in travel credits to use towards any future purchases in Travel Booking.#
When switching, you won't be eligible for offers advertised to new customers.
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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.
~Offer commenced 1 March 2025 and is only available on new Low Rate credit cards applied for. Offer not available to customers who currently hold, or have held, any activated Low Rate or Low Fee card types in the 18 months prior as a primary cardholder or customers who switch from other card types.
$75 cashback will be awarded for every month (statement period) $500 or more is spent on eligible purchases for 6 consecutive statement periods. Maximum cashback available is $450. The first eligible spend period will commence from the day your account is opened, up to the end of your second statement period. After this date, the offer spend requirements will align to each statement period that follows until exhausted. Transactions must be fully processed and any pending transactions at the end of the statement period will not count towards the spend criteria. Cash advances and refunds (including CommBank Yello cashback offers) are not included as eligible transactions.
Cashback will be credited within 90 days of each eligible statement period where the spend criteria has been met and will appear on your statement as ‘CASHBACK’. 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.
Offer only available on one credit card per customer. We reserve the right to close or vary this offer at any time.
1 A maximum charge of $300 (or a flat fee of $4.00 applies if your closing balance on previous business day was in credit).
2 The CommBank Yello Cashback Offers program (‘CommBank Yello Cashback Offers’) rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on our website at commbank.com.au) (‘CommBank Yello’).
3 Travel Booking is provided by Hopper Inc (Hopper). Hopper is not part of the CBA Group. CBA is not responsible for the content on this portal, nor the provision of any of the services that are offered through this portal. The services offered are subject to the Travel Booking terms and conditions. CBA does not guarantee the obligations or performance of Hopper or the services it offers. CommBank Awards customers can choose to use all or part or all of their Awards points for payment of their booking.
CommBank will receive a portion of the revenue generated from the Travel Booking platform.
Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable.
Mastercard, Priceless and the circles design are registered trademarks of Mastercard International Incorporated.
4 Purchase Security and Extended Warranty Insurances are issued 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). Cover-More administers the products and arranges the issue of the insurance to Commonwealth Bank of Australia (CBA)(AFSL 234945, ABN 48 123 123 124) who then provides the insurance to the cardholder in line with the agreement. Limits, sub-limits, conditions and exclusions apply. Please read the Credit Card Insurances Information Booklet for more information.
5 From 10 December 2024, interest rates offered on approval vary from 10.99% p.a. to 15.99% p.a. The rate offered to you (your personalised interest rate) within this range depends on different factors, including your individual credit risk score.
Once your credit contract is entered into, your personalised interest rate will be reviewed periodically and may change upon review. We may also vary the range of rates available for new Low Rate credit cards at any time. We’ll notify you as outlined in the conditions of use if your personalised interest rate changes.
All customers with an existing CommBank Low Rate credit card, and customers who switch from an existing CommBank credit card to a Low Rate credit card will be offered or will retain an interest rate of 13.99% p.a. This rate may be varied at any time during the term of the credit contract.
Please refer to the Low Rate credit card FAQs for more information.
Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.
Travel booking, provided by Hopper
# CommBank Yello Plus customers receive 5% back in travel credits. This applies to the hotel booking amount you pay for excluding any Awards points or travel credits redeemed.
CommBank Yello Gold customers receive 5% back in travel credits. This applies to the hotel or flight booking amount you pay for excluding any Awards points or travel credits redeemed.
CommBank Yello Diamond customers receive 10% back in travel credits. This applies to the hotel or flight booking amount you pay for excluding any Awards points or travel credits redeemed. You’ll also receive a $100 first time use travel credit which will be automatically applied to your Travel Booking wallet on your first visit to the Travel Booking website after entering Diamond status. This is limited to one per customer, regardless of movement between tiers.
For more information about the CommBank Yello program, visit commbank.com.au/commbankyello
Travel credits will be applied to your Travel Booking Wallet within 7 business days of your booking and have a 2-year expiry from the booking transaction date. If you cancel or the supplier cancels the flight or hotel booking for any reason, the amount back in travel credits will be forfeited. Travel credits are not transferable or exchangeable for cash. Expiry dates can be viewed in your Wallet & Offers page of the Travel Booking website.
When redeeming travel credits, the entire value of your travel credit wallet will be applied to pay for all or a portion of the booking amount in a single transaction. If the booking amount is less than the total value of your travel credits, the remaining balance will remain in your wallet for future use.
In the event that you no longer hold an active eligible CommBank card, you will forfeit all your travel credits.
All travel products and offers from Travel Booking are subject to availability and can only be booked by eligible CommBank cardholders.
Eligible cards comprise of active CommBank retail or business credit and debit cards, StepPay card or Travel Money Cards.
Travel Booking is provided by Hopper Inc (Hopper). Hopper is not part of the CBA Group. CBA is not responsible for the content on this portal, nor the provision of any of the services that are offered through this portal. The services offered are subject to the Travel Booking terms and conditions. CBA does not guarantee the obligations or performance of Hopper or the services it offers. CommBank Awards customers can choose to use all or part or all of their Awards points for payment of their booking.
CommBank will receive a portion of the revenue generated from the Travel Booking platform.
For full terms and conditions on the features provided by Hopper, visit travelbooking.hopper.com/terms
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit license 234945
