Our most popular credit card
  • 13.24% p.a purchase interest rate
  • $59 annual fee
  • Minimum credit limit of $500

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Offer

Get $200 cashback.

Apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.*

Low Rate Gold credit card

Includes handy extras like international travel insurance1

13.24% p.a. purchase interest rate

$89 annual fee

Minimum credit limit of $4,000

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Offer

Get $200 cashback.

Apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.*

Our lowest rate on purchases

9.90% p.a. purchase interest rate

$2 monthly fee when you choose online statements and set up automatic repayments from a CommBank transaction account using AutoPay. Otherwise monthly fee is $52

Credit limit from $400 to a maximum of $3000 

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Things you should know

* Offer available on new Low Rate, Low Rate Gold and Low Rate Business (personal liability) credit cards applied for between 1/7/2020 and 28/10/2020. Offer not available on all other card types including the CommBank Essentials credit card, existing cards, switches from other card types, and new Low Rate credit cards if you currently hold, or have held, any Low Rate card type in the 12 months prior. You will be ineligible for the cashback if your account is closed, switched to another card, or in default at any time prior to the cashback being credited to your account. To be eligible for the $200 cashback, you need to spend at least $1,000 on eligible purchases (not including balance transfers and cash advances) using your new card by 31/1/2021. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as 'CASHBACK $200'. Cashback only available on one credit card per customer. We reserve the right to close the offer prior to 28/10/2020.

1 Travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period. You will need to activate your travel insurance for each trip in order to have a comprehensive level of cover. To activate your cover, register on Netbank, the CommBank app or call Cover-More on 1300 467 951 before you travel.

If you don’t activate you’ll receive Base medical which includes personal liability cover and unlimited overseas emergency medical assistance and hospital expenses only. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia.

If you purchase an Upgrade Policy, we receive a commission which is a percentage of your premium – ask us for more details before we provide you with any services on this product.including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here.

2 The annual fee is charged at $5 per month or $2 per month if you:

  • Set up automated monthly repayments through our credit card AutoPay from a CommBank transaction account and
  • Opt in to receive online statements on your CommBank Essentials account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address)

Applications for credit cards are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable.

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.

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.