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Low Fee Student credit card

Enjoy no annual fee and up to 55 days interest free on purchases when you study full time.

Rates and fees

$0 annual fee while you’re studying
$400 minimum credit limit
19.74% p.a. purchase interest rate
21.24% p.a. cash advance interest rate

How to apply

Apply online and get a response in 60 seconds.

Student credit card

Features and benefits

  • Up to 55 days interest-free on purchases
  • Minimum credit limit $400
  • MasterCard® PayPass™ for a faster way to pay for purchases of under $100. Just Tap & Go™
  • Optional CreditCard Plus insurance
  • Transactions updated instantly - so you'll always know where you stand2
  • Transaction location mapping - track purchase locations
  • Control your security and spending – instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.

  • Save money with no annual fee for full-time students
  • Free additional card. Apply now
  • Stay in control with alerts and payment reminders1
  • MasterCard is accepted at over 35 million locations worldwide, in over two million ATMs, in more than 210 countries
  • 24/7 emergency assistance overseas if you lose your card with Global Service
  • Access to a unique collection of experiences and offers exclusively for MasterCard cardholders through Priceless Sydney and MasterCard Privileges


  • Our 100% money back guarantee means you'll never be liable for fraudulent use of your credit card, provided you follow the Credit Cards Conditions of Use
  • 24-hour fraud protection detects any abnormal transactions or spending patterns
  • Secure internet shopping with NetCode
  • Enhanced security chip protection
  • MasterCard® Zero Liability gives you the peace of mind of free protection against fraud and other unauthorised transactions made with your card
  • Control your security and spending – instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.

Rates and fees

Interest rate

19.74% p.a. on purchases
21.24% p.a. on cash advances

Interest-free period

Up to 55 days interest free on purchases'.

Balance transfer rate

Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across, cash advance rate thereafter3

Annual fee

You'll pay no annual fee while you're studying if you have a Streamline, Smart Access or Complete Access account with Student options.

Additional cardholder fee


Cash advances

  • Commonwealth Bank over the counter4: $2.50 or 2.00% p.a. of the transaction amount (whichever is greater).8
  • ATM5: $2.50 or 2.00% p.a. of the transaction amount (whichever is greater).8
  • Any other Commonwealth Bank network6: $2.50 or 2.00% p.a. of the transaction amount (whichever is greater).8
  • Non-Commonwealth Bank over the counter7: $2.50 or 2.00% p.a. of the transaction amount (whichever is greater).8
  • Overseas terminal or bank: $2.50 or 2.00% p.a. of the transaction amount (whichever is greater).8
  • Cash equivalent items or cash substitutes: $2.50 or 2.00% p.a. of the transaction amount (whichever is greater).8, 9

Lock, block and limit your card

  • Instantly lock, block and limit your credit card for extra control through the CommBank app or NetBank.
  • Lock in-store international payments – so that no one can use your card in store overseas,
  • Lock online international payments – to prevent anyone using your card to make purchases on international websites,
  • Block ATM cash advances – so nobody can use your credit card to take out money except you,
  • Limit your spending – by setting a maximum amount per transaction.
  • The settings you activate will apply instantly and you can switch these settings on and off whenever you need to.10

Related products

Low Rate credit card

With an interest rate of 13.49% p.a., the Low Rate card is our most popular credit card.

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Low Fee credit card

Enjoy the flexibility and convenience of a card with our lowest annual fee and up to 55 days interest free on purchases.

Learn more

CreditCard Plus

Insurance for your credit card that can help pay your credit card bill in the event of unforeseen circumstances.

Learn more

Important information

1 Subscription to this service may be limited

2 Excludes some manual transactions and some contactless payments

3 At the end of the balance transfer period, the interest rate on any outstanding transferred balances converts to the cash advance rate current at that time. Other fees and charges may be payable.

4 Charge applies to cash advances at Commonwealth Bank branches.

5 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.

6 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.

7 Fee applies to cash advance transactions made at other financial institutions within Australia.

8 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).

9 Charge applies to purchases of cash equivalent items or cash substitutes including gambling transactions or traveller’s cheques.

10 Excludes transactions flagged as recurring (e.g. direct debits) and transactions not sent to us for authorisation. Other Terms & Conditions apply.

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.

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Please view our Credit Card Conditions of Use.

MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. PayPass and Tap & Go are trademarks of MasterCard International Incorporated.