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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

CommBank Essentials

Up to $601

$0 p.a.

Up to 55 days

9.90% p.a.

9.90% p.a.2

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.

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.

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.


Products no longer for sale

Student

$29 or $05

$0 p.a.

Up to 55 days

19.74% p.a.

21.24% p.a.

Gold Awards

$119

$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

(does not apply to Essentials card)2

$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 ATMs6
  • At an overseas terminal or financial institution.

It also applies to:

  • Funds transfers using CommBank networks7
  • Purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.8

Late payment fee

$20

When you don’t make your minimum monthly payment by your statement due date, plus any overdue amount, 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.9

3.50% for American Express transactions. 

If you’re a CommBank Platinum or Diamond Awards customer, you’ll enjoy zero international transactions fees on purchases made in-store and online when using your Platinum or Diamond Awards American Express card. 

When you make a transaction that is converted by American Express from a foreign currency to Australian dollars.9

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

If you’re a CommBank Platinum or Diamond Awards customer, you’ll enjoy zero international transactions fees on purchases made in-store and online when using your Platinum or Diamond Awards American Express card. 

When you make a purchase or obtain a cash advance in Australian dollars while overseas, or while in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas.9

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 need an emergency replacement card delivered to you.

These rates and fees may change over time.

View more information on these fees and charges

For more information on credit cards, visit commbank.com.au/creditcards or call us on 13 2221 6am - 10pm. Some services are available 24/7.

Things you should know

1 For Essentials credit cards, the annual fee is charged monthly at $5 per month, or $2 per month if you (i) set up automated monthly repayments (through our AutoPay) from a CommBank transaction account; and (ii) opt-in to receive statements on this account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address).

2 For Essentials credit cards, cash advances will be blocked. Exceptions apply, as we are unable to block cash advance transactions that are not sent to us for authorisation and these will attract interest from the date the transaction is made, until it is repaid.

3 For Low Fee 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.

4 For Low Fee Gold credit cards, 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.

5 For 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. 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.

6 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).

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

8 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.

9 For cash advances, the cash advance fee will also apply (excluding Essentials credit cards).