Did you know that on average each Australian spends an average of $840 a year1 on coffee? Imagine how much interest you could save if you put this amount on your credit card instead.
Over 7.3 million2 Australians have a credit card. They’re quick and easy to make payments with, but when it comes to month end, how quick and easy are they to make payments on?
Many CommBank personal credit card customers use our 55 interest free repayment period by paying their balances in full every month. It’s the ideal way to use a credit card without accruing any interest on purchases. With the CommBank app and NetBank, you can also choose to limit the amount you can spend per transaction for extra control3.
If you do have a credit card balance you want to pay off, we have the credit card repayment calculator to help you manage your card and budget for the future. Use the tool to help you work out how long it’ll take to pay off your balance, or, see what would happen if you were to divert some of that coffee budget to increasing your monthly credit card repayments.