What types of rates and fees apply to my credit card?

See all Credit cards FAQs

Last updated 28 October 2016


The rates and fees on your credit card will depend on the type of credit card you have. The standard rates and fees are:

Purchase interest rate – This is the interest rate charged on purchases. All of our cards, other than a Business Low Rate card, come with an interest-free period on purchases of up to 55 days.

Cash advance interest rate – This is the interest rate charged when you withdraw cash or transfer funds from your credit card account, as well as when you make cash equivalent transactions such as gambling or money transfers.

Balance transfer interest rate – This is a reduced interest rate charged when you transfer a balance from another bank’s credit card or a store card to a CommBank credit card for a set period of time.

Great rate interest – This is when we agree on a reduced interest rate charged on eligible purchases of $1,000 or more for a set period of time.

Annual fee – This is charged once each year. The date it is charged will depend on when you first activated your card.

Additional cardholder fee - This is charged on some types of card once each year if you have an additional cardholder. It is charged around the same time as your annual fee.

Cash advance fee – This is charged if you withdraw cash or transfer funds from your credit card and when you make cash equivalent transactions such as gambling or money transfers.

International transaction fee – This charged if you make a purchase or obtain a cash advance (whether in a foreign currency or Australian dollars) while overseas; or in Australia (for example online) where there is an overseas connection, as the merchant, or the financial institution or entity processing the transaction, is located overseas.

Late payment fee – This is charged if you don’t make your minimum payment by the payment due date.

Overlimit fee – This only applies to credit card accounts opened before 1 July 2012. It is charged when we first allow you to exceed your credit card limit in a statement period.

Emergency issue/ lost/replacement card fee – This is charged if an emergency replacement card needs to be delivered to you while you’re overseas.

Non-CommBank ATM balance enquiry fee – This is charged if you make a balance enquiry at a non-CommBank ATM (also applies to balance enquiries through ATMs or terminals of ASB Bank in New Zealand, CommBank in Indonesia and CommBank in Vietnam).

You can view the Standard fees and charges for credit card services for more detail on these charges.

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