CommBank - Low Fee Credit Card

These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:

Objectives and Needs

• Require a revolving credit facility with a low monthly fee, with a convenient way to make payments and access to cash by using the card attached to the facility
• Access to interest free days on purchases
• Ability to pay no monthly fee
• Access to purchase security insurance and extended warranty
• Access to spend and security controls

Financial Situation

• meet CBA’s credit assessment criteria which includes demonstrating the capacity to service the credit facility without substantial hardship
• choose a credit limit typically above $500
• will pay a higher interest rate

Eligibility Criteria

• be individuals aged 18 years or older
• have an Australian residential address
• meet CBA’s credit assessment criteria which includes demonstrating the capacity to service the credit facility without substantial hardship.