CommBank - Smart Awards 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 convenient way to make payments and access cash by using the card attached to the facility
• Ability to earn awards points when spending on their card
• Ability to pay no monthly fee
• Access to interest free days on purchases
• Access to different insurance options and extended warranty
• Does not want to incur international transaction fees
• Access to spend and security controls

Financial Situation

• meet CBA’s credit assessment criteria which includes demonstrating the capacity to service the credit card without substantial hardship
• Choose a credit limit typically above $3,000
• will pay a higher interest rate
• will pay a higher monthly fee (if criteria is not met for the fee waiver)

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 card without substantial hardship.