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Standard fees and charges for credit card services

Annual fee: The annual fee (if applicable) is debited from your credit card account;

  • in the statement period of the first statement issued following activation;
  • and on or about the anniversary of the date the first annual fee is charged.

Additional cardholder fee: $0 on Low Rate, Low Fee and No Annual Fee credit cards, $10 per annum on credit cards with Commonwealth Awards.
The additional cardholder fee (if applicable) is debited from your credit card account;

  • in the statement period of the first statement issued following activation;
  • on or about the anniversary of the date the first additional cardholder fee is charged.

 

Cash advance fees:

  • Commonwealth Bank over the counter1:
    • $2.50 or 2.00% of the transaction amount (whichever is greater).7
  • ATM2:
    • $2.50 or 2.00% of the transaction amount (whichever is greater)7
  • Any other Commonwealth Bank network3:
    • $2.50 or 2.00% of the transaction amount (whichever is greater)7
  • Non-Commonwealth Bank over the counter4:
    • $2.50 or 2.00% of the transaction amount (whichever is greater)7
  • Overseas terminal or bank:
    • $2.50 or 2.00% of the transaction amount (whichever is greater)7
  • Cash equivalent items or cash substitutes:
    • $2.50 or 2.00% of the transaction amount (whichever is greater)8


Emergency issue/lost/replacement card: $20

Overlimit: $10. An overlimit fee is only applied to accounts opened before 1 July 2012 and is charged when we first allow you to exceed (or further exceed) your credit card limit in a statement period. This fee can be avoided by always staying within the credit limit (shown on monthly statements above all transactions, or on the account information page in NetBank) or opting out of being able to spend more than your limit.

Late payment: $20. A late payment fee is charged to your account if you miss making your minimum payment by the payment due date. To avoid this fee, make sure your minimum payment is always made on time. To help you pay your credit card on time, we can send you an SMS or email payment reminder a few days before your payment due date shown on your statement. To set one up,visit NetBank, or call 13 2221. You can also avoid late payment fees by setting up AutoPay on your credit card to automatically pay the minimum amount, a set monthly amount or your full closing balance each month. You can set this up via NetBank,, or at any branch.

Non-Commonwealth Bank ATM balance enquiry 6: $1.25

International Transaction Fee5 :

  • Transactions converted by MasterCard® or Visa® - 3.00%
  • Transactions converted by American Express® - 2.00% (plus a currency conversion factor of 1.50% which is included in the converted transaction amount)
  • Transactions in Australian dollars but with an overseas connection - 3.00%

 

Click here for standard fees and charges brochure.

 

  • Important information
    Current as at 02 October 2012. The Bank reserves the right to vary the amounts shown. The Bank gives you notice of any variation in accordance with the legislation (if any) regulating your credit card contract or, where it applies, the Code of Banking Practice.
  1. Charge applies to cash advances at Commonwealth Bank branches
  2. Charge applies to cash advances through a terminal of any financial institution in Australia, at ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam.
  3. Charge applies to cash advances by way of funds transfer through NetBank, PhoneBank Transfer, Commonwealth Bank Customer Service Centre, Australia Post, 13 2221 Transfer Cash, NetBank Transfer Home Loan, Mobile Bank Transfer and NetBank Transfer Personal Loan.
  4. Fee applies to cash advance transactions made at other financial institutions within Australia.
  5. Applies anytime cash advances, purchases or permitted transactions are converted by MasterCard, Visa or American Express from foreign currencies to Australian dollar equivalents. For cash advances, the relevant Cash Advances charge will also apply.
  6. Applies 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.  For cash advances, the relevant cash advance charge will also apply.
  7. A maximum charge of $150.00 (or a flat fee of $2.50 applies if your closing balance on previous business day was in credit).
  8. Charge applies to purchases of cash equivalent items or cash substitutes including gambling transactions or traveller’s cheques.
  • Note: For cash advances and balance enquiries made through a non Commonwealth Bank 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 the cash advance amount) if applicable. You should check the ATM owner’s fees that apply carefully before completing.