Travelling overseas? Prepare to experience all that travel has to offer by taking the right mix of payment options to suit your trip. Compare the fees and charges associated with each payment option and choose the option that best suits your needs - so you can spend more time enjoying your holiday and less time worrying about money.
International fees and charges
|
|
Travel Money Card |
Debit Mastercard |
Credit Card |
|---|---|---|---|
|
Accessing your money |
Load and reload foreign currency on your card first |
Funds withdrawn from linked transaction accounts |
Funds are drawn down from credit card limit |
|
Card issuing fee |
$0 when you order online |
$0 |
$0 |
|
Account fee |
$0 |
Yes (monthly account fee on linked everyday account may apply) |
Yes (annual fees apply) |
|
Overseas ATM withdrawal/Cash advance2 |
Fixed ATM withdrawal per currency3 |
Commonwealth Bank ATMs outside Australia and ASB Bank ATMs in New Zealand - AUD $2.00 each |
AUD $2.50 or 2.00% of transaction value, whichever is greater5 |
|
Reload fees |
$0 |
N/A |
N/A |
|
Interest charged |
N/A |
No |
Yes |
|
Foreign exchange rates6 |
Exchange rate is locked in when you order and load foreign currency on your card. Check rates now |
Mastercard foreign exchange rate applicable on day transaction is processed |
Mastercard foreign exchange rate applicable on day transaction is processed |
|
International transaction fee |
Not applicable if you pay in local currency loaded on your card. If you choose not to pay in the local currency your money will be converted to the local currency at the Mastercard or Visa exchange rate at the time plus 5.25% of the transaction value. |
3.00% of transaction value |
Transactions converted by Mastercard® or Visa®8 - 3.00% Transactions converted by American Express8 - 3.50% Transactions in Australian dollars but with an overseas connection9 - 3.00% If you’re a CommBank Platinum or Diamond Awards customer, you’ll enjoy zero international transaction fees on purchases made in-store and online when using your Platinum or Diamond Awards American Express card. For cash advances, the relevant cash advance charge will still apply. |
Important information
1 The card issue fee does not apply for full-time students of an educational institution located in Australia or who are undertaking an Australian apprenticeship, Commonwealth Bank Gold, Platinum or Diamond Credit Card customers or Platinum Debit Mastercard customers, if purchased at a Commonwealth Bank branch.
2 These fees are charged by Commonwealth Bank. There may be additional fees applied by international banks on top of these and you will be notified of this at the ATM prior to the transaction being completed.
3 USD 2.50, GBP 2.00, NZD 3.50, CAB 3.00, JPY 220, HKD 17, SGD 3.50, CNY 15.00, VND 50,000, THB 80.00, AED 10.00 (taken from the currency the ATM withdrawal is conducted in).
4 Cirrus, Mastercard or Visa plus cash withdrawal.
5 A maximum charge of $150, or a flat fee of $2.50 applies if your closing balance on the previous business day was in credit. The international transaction fee would also apply.
6 For Travel Money Card, the rate applicable to the conversion is the retail exchange rate at the time of the conversion. For Debit Mastercard or Mastercard credit card, the exchange rate that is applied to a transaction is the exchange rate as of the day of settlement which is the day that Mastercard determines the settlement amount to be exchanged between the acquirer and the issuer. The settlement date is therefore typically different from the date of the actual transaction.
7 While American Express does not publish an online calculator, rates for transactions in major currencies are comparable with other rates in the market. Cross rates can be provided for transactions. Please email American Express at amexconnect@aexp.com providing the date of transaction and the currency that the transaction was made in and American Express will respond within 2 business days.
8 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 advance charge will also apply.
9 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.
