CommBank Low Fee Credit Card

Limited Time
CommBank Low Fee Credit Card
  • Up to 55 days interest free on purchases
  • Enjoy up to $200 cashback - Apply by 29 February 2024 and earn $50 each month when you spend $500 or more per month for the first four months*
  • No monthly fee if you spend at least $300 in your statement period**. Otherwise monthly fee is $3
  • Cashback benefits for eligible cardholders through CommBank Rewards^ in the CommBank app
purchase rate
20.99%

per annum

balance transfer
-

monthly fee
$3

up to

interest free days
55

maximum on purchases

cash advance rate
21.99%

per annum

credit limit
$500

minimum

Other fees

Supplementary card fee$0
International transaction fee on purchases3.00%
Late payment fee$20
Cash advance feeThe greater of 3.00% or $4

Things you should know

Minimum repaymentThe greater of 2.00% or $25

Product Specific Terms and Conditions

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view CommBank's Financial Services Guide (PDF). Applications for credit cards are subject to credit approval. Full terms and conditions will be included in the Letter of Offer. Bank fees and charges apply. Please view CommBank's Credit Card Conditions of Use (PDF).

* Offer available on new Low Fee credit cards applied for between 1 October 2023 and 29 February 2024. Offer not available on existing cards or switches from other card types and is not available to customers who currently hold, or have held, any activated Low Fee or Low Rate card types in the 12 months prior as a primary cardholder.

The monthly spend criteria is based on four successive 30 day periods and $50 cashback will be awarded when you spend $500 or more, minus any cash advances or refunds, in a month for the first four months. Maximum cashback available is $200. Your first 30 day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period.

Cashback will be credited within 90 days of you meeting the spend criteria each month and will appear on your statement as ‘CASHBACK $50’. Cashback only available on one credit card per customer. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account.

CommBank reserve the right to close the offer prior to 29 February 2024.

** For Low Fee credit cards, there is no monthly fee when you spend at least $300 on your Low Fee credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $3. Spend includes all purchases and cash advances made using your Low Fee credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

^The CommBank Rewards program ('CommBank Rewards') rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and are an Australian resident living in Australia. CommBank travel money cards, corporate credit cards, business debit cards and pre-paid Mastercards are not eligible. Your participation in CommBank Rewards is governed by the full Terms and Conditions available in the CommBank app.

The following changes to CommBank Rewards apply from 6 November 2023:

The program name will change to CommBank Yello Cashback Offers program; You will need to meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on their website at commbank.com.au) (‘CommBank Yello’).

A maximum charge of $300 (or a flat fee of $4.00 applies if your closing balance on previous business day was in credit).

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Commonwealth Bank of Australia ABN 48 123 123 124 Australian credit licence 234945.

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