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Low Rate credit card

Apply Now: Up to $200 Cash Back with all new CommBank credit cards°.

With an interest rate of 12.99%+ p.a. on purchases, the Low Rate card is our most popular credit card.

Rates and fees

$78 annual fee
$48 annual fee for eligible customers*
12.99%+ p.a. purchase interest rate
21.24% p.a. cash advance interest rate

Apply online and get a response in 60 seconds.

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About the Low Rate credit card

Features and benefits

  • Up to 55 days interest free on purchases
  • MasterCard® PayPass™ for a faster way to pay for purchases under $100. Just Tap & Go™
  • Transactions updated instantly – so you’ll always know where you stand1
  • Transaction location mapping – track purchase locations

  • Our lowest interest rate on purchases
  • Minimum credit limit of $500
  • Enjoy a discount off your annual fee – receive a discount of $30 off your annual fee if you have a qualifying CommBank account or loan when you apply*
  • Free additional credit card. Apply now
  • Optional CreditCard Plus insurance
  • Stay in control with alerts and payment reminders2
  • 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

Rates and fees

Interest rate

12.99%+ p.a. on purchases
21.24% p.a. on cash advances

Interest-free period

Up to 55 days interest free on purchases, but does not apply to cash withdrawals or Low Rate accounts opened before 1 July 2012 (excluding accounts where we agree to treat your order of payments differently) where a balance transfer remains outstanding.

Balance transfer rate  

Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across,3 cash advance rate thereafter.

Annual fee

Currently $78 (or $48 if you’re a qualifying customer)

Additional cardholder fee


Cash advances

  • Commonwealth Bank Over the Counter4 $2.50 or 1.75% p.a. (whichever is greater).8
  • ATM5: 1.75% p.a. of cash advance amount.8
  • Any other Commonwealth Bank network6: 1.75% p.a. of the cash advance amount.8
  • Non-Commonwealth Bank Over the Counter7: $3.00 or 1.75% p.a. of the cash advance amount (whichever is greater).8
  • Overseas terminal or bank: $4.00 or 1.75% p.a. of the cash advance amount (whichever is greater).8
  • Cash equivalent items or cash substitutes: 1.75% p.a. of the cash advance amount.9

Credit Card Insurance

Our insurance can help pay your credit card balance if the unexpected happens, like involuntary unemployment, temporary disablement, permanent disablement, terminal illness and death.

Learn more

Low Rate Gold credit card

Stay in control of your finances with our lowest interest rate, plus handy extras like complimentary insurances.

Learn more

Awards credit card

Reward your everyday spend. Redeem points instantly at Myer, Flight Centre or choose an item from the CommBank Awards Program.

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

How can we help you?

Important information

*Please view eligibility for preferential pricing

1 Excludes some manual transactions and some contactless payments

2 Subscription to this service may be limited

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.

+ Changing to 13.49% p.a. from 1/6/14

° Offer only applies to new personal credit card applications applied for online during the campaign period. Offer is available for a limited time and can be withdrawn at any time at the discretion of the Bank. Excludes Corporate credit cards, Business credit cards and existing credit card accounts. Cannot be used in conjunction with any other offer. To be eligible for cashback, you need to apply online during the campaign period and spend a minimum $100 of eligible purchases on your new CBA credit card at participating partner merchant locations by 31st May 2014. Cashback will be provided in the form of a $50 giftcard for redemption at each partner merchant where eligible purchases have been made.

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.

MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. PayPass and Tap & Go are trademarks of MasterCard International Incorporated. 

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.