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CommBank - Low Rate Credit Card

The CommBank Low Rate credit card has a current introductory 0% p.a. purchase rate for 6 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..
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Annual Fee

$72 per year

Cash Advance Rate

21.99% p.a.

Purchase Rate

0% for 6 months reverts to 13.99% p.a.

Interest Free Period

up to 55 days
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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 6 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
$300

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.

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