CommBank
StepPay
CommBank · buy now pay later
Provider last updated this product 2026-10-01.
StepPay is our digital-only buy now, pay later product that you can add to your CommBank app or a digital wallet on your smart device. You can use StepPay to pay everywhere in-store and online, up to your credit limit - without a physical card. You can enjoy: No interest charges, No monthly or annual fees, Spend limits up to $2,000, No foreign exchange fees, Late payment fees will apply, but fees are capped. Fees and charges may apply to your linked CommBank account.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| PURCHASE | 0.00% | 0.00% | OTHER | OTHER | - | - | calculated daily, paid monthly |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Late Payment Fee | LATE_PAYMENT | $10 | If you miss a repayment, a $10 late fee may apply, and you won't be able to spend with StepPay until you have enough available funds in your repayment account. If late fees are applied, they are capped at: 1 late fee per instalment (there are 4 instalments per purchase), 2 late fees per purchase, 1 late fee per day, 12 late fees from anniversary year date or contract start date |
| International transaction fee (Mastercard transactions) | TRANSACTION | 0.00% | Pay no international transaction fees for purchases you make overseas or online. |
| Monthly fee | TRANSACTION | $0 | No monthly fees |
Features
- Predicts future StepPay bills
- categorises StepPay expenditure
- Mastercard ID Theft protection & Insurance with StepPay transactions
- Access exclusive flight, hotel and car offers via the CommBank app
Instalment plan
- Instalments - 4 fortnightly instalments
- Purchase size - $100 to $2,000
- Instalment limit - $2,000
Who can apply
- min age - 18
- natural personThe customer must be a natural person rather than another legal entity.
- residency status - Applicants must be Australian citizens or permanent residents.
- otherApplicants must have an Australian residential address
- otherApplicants must have an eligible CBA transaction account to which the product will be linked
- otherApplicants must meet CBA's credit assessment criteria for Low Cost Credit Contracts
Limits
- max limit - 2000.00
- min limit - 200.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-10-01T02:15:40.000Z · Product ID: 1c721b3bcefe47eaa31e4ec98d8703f7