Low Rate credit card

By CommBank

With a low interest rate on purchases, our Low Rate credit card makes it easier to pay off purchases over time.

Product last updated: 01 Aug 2025

Data last updated: 01 Aug 2025

 

Lending Rates

Type Rate (p.a.) Comparison Rate (p.a.) Duration

Cash Advance

21.99%

-

Purchase

13.99%

-

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

Billing FrequencyDetails
Additional cardholder feePeriodic
$0.00
P1Y
null
Late payment feeEvent
$20.00
When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date.
Overlimit feeEvent
$15.00
null
Emergency issue/ lost/ replacement card feeEvent
$20.00
When you need an emergency replacement card delivered to you.
International transaction fee (Mastercard and Visa transactions)Transaction
When you make a transaction that is converted by Mastercard or Visa from a foreign currency to Australian dollars.
Cash advance feeWithdrawal
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).
Cash advance feeWithdrawal
$4.00
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).
International transaction fee (Mastercard and Visa transactions)Transaction
International transaction fee (Transactions in Australian dollars but with an overseas connection).
Monthly feePeriodic
$6.00
P1M
null
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Features

Additional Cards 1 additional card

Adding an additional cardholder is an easy way to share the convenience and accessibility of your CommBank credit card, without opening a new account. You can have one additional cardholder and they must be at least 16 years old. They'll get a card with their name but with your account number. Read more

Balance Transfer Yes

From 1 December 2023, we will no longer accept new balance transfer requests on our credit cards.

Interest Free Period 55 days

From 1 December 2023, we will no longer accept new balance transfer requests on our credit cards.