Low Rate cards

  1. Apply for a new Low Rate or Low Rate Gold Mastercard by 31st January 2019.
  2. Spend $500 on eligible purchases within 90 days of activating your card.
  3. Your $250 cashback will be credited to your account within 60 days.

Low Rate credit card
  • Purchase rate of 13.24% p.a.
  • An annual fee of $59
  • Instantly lock international payments, block ATM cash advances and limit your spending in the CommBank app or NetBank

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Low Rate Gold credit card

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Things you should know

* 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 Offer only available on one credit card per customer, can be withdrawn at any time, and cannot be used in conjunction with any other offer.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.

Insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia (CBA).

Cover is available for you, your spouse and your eligible accompanied children for return trips from Australia, up to a set period. You need to activate your international travel insurance before each trip in order to have a comprehensive level of cover. If you don’t activate, you’ll receive personal liability cover and overseas emergency medical assistance and overseas emergency medical and hospital expenses cover only.

Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. Please refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet available from commbank.com.au/creditcardinsurance or any branch for full details