CommBank
Low Rate credit card
CommBank · cred and chrg cards
Provider last updated this product 2026-10-01.
Go to provider
You'll complete your application on
CommBank's website. Confirm the rate and fees with them
before applying.
With a low interest rate on purchases, our Low Rate credit card makes it easier to pay off purchases over time.
Lending rates
| Type | Rate | Comparison | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| CASH ADVANCE | 21.99% | - | OTHER | OTHER | - | - | calculated daily, paid monthly |
| PURCHASE | 13.99% | - | OTHER | OTHER | - | - | calculated daily, paid monthly |
| From 10 December 2024, interest rates offered on approval vary from 10.99% p.a. to 15.99% p.a. The rate offered to you (your personalised interest rate) within this range depends on different factors, including your individual credit risk score. Once your credit contract is entered into, your personalised interest rate will be reviewed periodically and may change upon review. We may also vary the range of rates available for new Low Rate credit cards at any time. We ll notify you as outlined in the conditions of use if your personalised interest rate changes. All customers with an existing CommBank Low Rate credit card, and customers who switch from an existing CommBank credit card to a Low Rate credit card will be offered or will retain an interest rate of 13.99% p.a. This rate may be varied at any time during the term of the credit contract. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Additional cardholder fee | PERIODIC | $0 | Pay no additional cardholder fee to share the convenience of your card with an additional cardholder. |
| Late payment fee | LATE_PAYMENT | $20 | When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date. |
| Overlimit fee | EVENT | $15 | When we first allow you to go over your credit limit in a statement period. Only applies to accounts opened before 1 July 2012 (including any time you switch to a new credit card product) |
| Emergency issue/ lost/ replacement card fee | REPLACEMENT | $20 | When you need an emergency replacement card delivered to you. |
| International transaction fee | TRANSACTION | 3.50% | When you make a transaction that is converted by Mastercard or Visa from a foreign currency to Australian dollars. |
| Cash advance fee | CASH_ADVANCE | 3.00% | This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers. Capped at a maximum fee of $300.00 (or $4.00 if your closing balance was in credit the previous business day). |
| Monthly fee | PERIODIC | $6 | Payable each month, giving you access to the features and benefits of your credit card. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 13.99% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM
Instalment plan
- Instalments - 3 to 12 instalments
- Purchase size - from $100
- Plans at once - up to 50
Who can apply
- min age - 18The additional cardholder may be 16 years of age or older.
- natural personIndividuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.
- otherApplications for credit cards are subject to credit approval.
- otherEach application for credit is assessed on the ability of the applicant to service debt (limit) based on the financials supplied in the application.
- residency status - AUAvailable to citizens or permanent resident of Australia and valid visa holders. Make sure you are legally allowed to work in Australia.
- residency status - NZAvailable to citizens or permanent resident of NZ and valid visa holders. Make sure you are legally allowed to work in Australia.
Limits
- min limit - 500.00Note that the credit limit we give you will depend on your ability to meet your repayments.
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: 67b2f138050940d8977cbbaebbfcc636