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Commonwealth Bank

Enjoy up to $600 cash back

Commonwealth Bank Low Rate Credit Card

Balance transfer

5.99% for 5 months

Purchase rate

15.99%

Annual fee

$6 per month

You can get $50 cashback each month when you spend $500 or more per month for the first 12 months (up to $600 cashback).

Highlights

The Commonwealth Bank Low Rate credit card offers the lowest purchase rate between 10.99% p.a. to 15.99% p.a. Once approved, you can get $50 cashback each month when you spend $500 or more per month for the first 12 months (up to $600 cashback).

Main features

Rate type

Rate %

Duration

Purchases

15.99% p.a.

Fees

Fee type	Fee %	Min fee $
Cash advances	3%	$4

Fixed Fees

Fixed fees	Fee $	Fee amount
Annual fee	-	-
Monthly fee	$6	per month

More information

The annual fee on the Low rate credit card is just $72 that's $6 per month and if you need, you can get an additional card at no extra cost. Plus if you pay off your balance in full each statement period, you'll get 55 interest free days on purchases.

Complimentary access to book flights and hotels for eligible customers via Travel Booking (Provided by Hopper). Complimentary Purchase Security and Extended Warranty insurance provided by Cover-More

Terms & conditions

Offer not available to customers who currently hold, or have held, any activated Low Rate or Low Fee card types in the 18 months prior as a primary cardholder or customers who switch from other card types..

$50 cashback will be awarded for every month (statement period) $500 or more is spent on eligible purchases for 12 consecutive statement periods. Maximum cashback available is $600. The first eligible spend period will commence from the day your account is opened, up to the end of your second statement period. After this date, the offer spend requirements will align to each statement period that follows until exhausted. Transactions must be fully processed and any pending transactions at the end of the statement period will not count towards the spend criteria. Cash advances and refunds (including CommBank Yello cashback offers) are not included as eligible transactions.

Cashback will be credited within 90 days of each eligible statement period where the spend criteria has been met and will appear on your statement as ‘CASHBACK’. 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.

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