ClickCease

CommBank - Low Rate Credit Card

The CommBank Low Rate credit card has a current introductory 0% p.a. purchase rate for 3 months. This purchase rate changes to 13.99% p.a. once the offer period ends. This card has up to 55 days interest-free on any purchases made.

Compare Credit CardsProduct Image For CommBank - Low Rate Credit Card
An annual fee of $72 and a purchase interest rate of 13.99% p.a..
Go To Site

Annual Fee

$72 per year

Cash Advance Rate

21.99% p.a.

Purchase Rate

0% for 3 months reverts to 13.99% p.a.

Interest Free Period

up to 55 days
Compare Credit Cards

Details

Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$500

Fees

Annual Fee
$72
per year
Late Payment Fee
$20
per statement
Cash Advance Fee
3% or $4
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders

Rates

Purchase Rate
0% for 3 months
reverts to 13.99% p.a.
Cash Advance Rate
21.99% p.a.

Overseas Spending

Foreign Currency Conversion Fee
3.50%
per transaction
Overseas Cash Advance Fee
3.50%
per transaction

Eligibility

Minimum Age
18
years old
Temporary Residents
Yes

Rewards

Program
Cashback offer
Types
Cashback
Cashback
$240

Who is the product designed for?

This product is targeted at customers with the likely objectives ,needs , financial situation and satisfies key eligibility criteria

Objectives and Needs

  • Require a revolving credit facility with a low interest rate on purchases, 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
  • 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.

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.
Visit CommBank to view Target Market Determination Effective From: 2024-03-27.

Not sure which credit card is right for you?

Compare Credit Cards

*Tyrian Pty Ltd (ABN 91 158 954 655, credit representative number 486373), is a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856). Tyrian Pty Ltd is a wholly owned subsidiary of iSelect Pty Ltd and has partnered with Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) who operate this website as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to help you compare a range of credit card, personal loan and car loans. Tyrian Pty Ltd and Fair Comparison Pty Ltd may receive a commission payment if users click through, apply and/or successfully acquire a loan or credit card product from or through the provider.

As the operator of this website, Fair Comparison provides information relating to financial or credit products offered by banks and other financial organisations or financial or credit service providers. It is not a provider of loan, credit or any other financial products and aims to provide information about a variety of products and facilities, although does not provide information about all products available to consumers or all product features and there may be alternative options available elsewhere.

Fair Comparison does not recommend (or assist you with choosing) specific products and should you choose to apply for a product which is listed you will deal directly with the provider of the product or its broker/representative. Fair Comparison aims to provide useful and up to date information, but you should always check product information carefully with the product provider prior to applying for or taking out a financial product or credit facility. If you are unsure you should seek clarification from the product provider or seek independent financial advice.

Compare insurance companies in Australia with iSelect

This comparison
service is powered by

Fair Comparison - white label comparison technology provider
Tyrian Pty Ltd - ACN: 158 954 655