Help us improve our website by completing a quick survey. Start survey now

Credit card fee change

AN EASY GUIDE TO OUR
CREDIT CARD FEES AND CHARGES.

Standard fees and charges

Credit card type

Annual fee

Additional cardholder fee

Interest free period on purchases

Interest rate on purchases

Interest rate on cash advances

Low Rate

$59

$0 p.a.

Up to 55 days

13.24% p.a.

21.24% p.a.

Low Rate Gold

$89

$0 p.a.

Up to 55 days

13.24% p.a.

21.24% p.a.

Student

$29 or $01

$0 p.a.

Up to 55 days

19.74% p.a.

21.24% p.a.

Low Fee

$29 or $01

$0 p.a.

Up to 55 days

19.74% p.a.

21.24% p.a.

Low Fee Gold

$89 or $02

$0 p.a.

Up to 55 days

19.74% p.a.

21.24% p.a.

Awards

$59

$10 p.a.

Up to 55 days

20.24% p.a.

21.24% p.a.

Gold Awards

$119

$10 p.a.

Up to 55 days

20.24% p.a.

21.24% p.a.

Platinum Awards

$249

$10 p.a.

Up to 55 days

20.24% p.a.

21.24% p.a.

Diamond Awards

$349

$10 p.a.

Up to 55 days

20.24% p.a.

21.24% p.a.


Other fees

Fee type

How much will I pay?

When am I charged?

Cash advance fee

$2.50 or 2.00% of the transaction amount – whichever is greater.

Capped at a maximum of $150 (or $2.50 if your closing balance was in credit the previous business day).

This fee is charged for cash advances obtained:

  • Over the counter at CommBank branches or other Australian financial institutions
  • Through CommBank or other Australian ATMs3
  • At an overseas terminal or financial institution.

It also applies to:

  • Funds transfers using CommBank networks4
  • Purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.5

Late payment fee

$20

When you don’t make your minimum monthly payment by your statement due date.

International transaction fee

3.00% for MasterCard and Visa transactions

When you make a transaction that is converted by MasterCard or Visa from a foreign currency to Australian dollars.6

2.00% for American Express transactions plus a 1.50% currency conversion factor, which is included in the converted transaction amount.

When you make a transaction that is converted by American Express from a foreign currency to Australian dollars.6

3.00% for transactions in Australian dollars but with an overseas connection.

When you make a purchase or obtain a cash advance in Australian dollars while overseas, or while you are in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas.6

Overlimit fee (applies to accounts opened before 1 July 2012 only)

$10

When we first allow you to go over your credit limit in a statement period.

Emergency issue/ lost/ replacement card fee

$20

When you’re overseas and you need an emergency replacement card delivered to you.

Non-CommBank ATM balance enquiry fee

$1.25

When you make a balance enquiry at a non-CommBank ATM.7

These rates and fees may change over time.

View full standard fees and charges

For more information on credit cards, visit commbank.com.au/creditcards or call us on 13 2221, anytime.

Things you should know

1. For Low Fee and Student credit cards, no annual fee in the first year and each year after that if you spend $1,000 or more on purchases or cash advances in the previous year. For Student credit cards, if you spend less than $1,000 in the previous year, simply present your student identification in branch following the charging of the annual fee to request a refund.

2. For Low Fee Gold credit cards there is no annual fee in the first year and each year after that if you spend $10,000 or more on purchases or cash advances in the previous year.

3. Includes cash advances through a terminal at ASB Bank in New Zealand, CommBank in Indonesia and CommBank in Vietnam. For cash advances and balance enquiries made through a non-CommBank ATM in Australia, the ATM owner may charge you a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to any cash advance amount).

4. Includes any funds transfers through NetBank, CommBank app, by calling 13 2221 and Australia Post.

5. Applies to transactions for items we consider equivalent to cash, such as gambling, lottery tickets, money transfers or travellers cheques, including transactions which merchants tell us are for such items.

6. For cash advances, the cash advance fee will also apply.

7. The fee also applies to balance enquiries through ATMs or terminals of ASB Bank in New Zealand, CommBank in Indonesia and CommBank in Vietnam.