Virtual Cards
Virtual Cards are a streamlined travel and procurement management solution, which provides large businesses the ability to take advantage of extended payment terms, transaction level payment security, and transaction level data through the deployment of single-use virtual cards.
- Purchase rate
- 17.99%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Cash advance | 17.99% | — | — |
| Purchase | 17.99% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| International Transaction Fee Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance charge will also apply. Also applies to purchases while the accountholder is overseas, or while they are in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas. Please note additional fees may be charged by the overseas merchant. | Transaction | 2.5% of transaction |
| Cash equivalent items or cash substitutes cash advance charge While no physical card is available to withdraw cash, the bank charges interest (17.99%) for customers using their Virtual Cards for a cash equivalent item or cash substitutes. Cash equivalent items or cash substitutes include the purchase of travellers cheques and foreign currency, e.g. Travelex, as well as online gambling, e.g. Sportsbet, Pokerstars, Online Lottery and TAB. | Purchase | $1.25 |
| Establishment Fee Establishment fee when offer for Product is accepted | Event | $600.00 |
| Annual Fee per card The disclosed annual fee amount per card is the fixed fee we have agreed with you. The fee for each card will be charged to each card on the facility anniversary date. Where a card is established between anniversary dates, a prorated fee is applied for that year. | Event | $120.00 |
Features
- Additional cards
- Card numbers are generated dynamically for each payment that is made, with an unlimited number able to be created. No physical card is issued on this account.
- Bill payment (BPAY) — Sweep from nominated account
- The full balance will be automatically swept from the nominated bank account on the settlement date.
- Insurance included — Transit Accident Insurance
- Complimentary transit accident insurance up to $250,000 for cardholders.
- Insurance included — Unauthorised Transactions Insurance
- Complimentary Unauthorised Use insurance up to $150,000 a year.
- Digital banking
- Regardless of your business structure and needs, we have an online banking solution that will suit you.
- 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.
Eligibility
- Business customers
- Each application for credit is assessed on the ability of the business to service debt (limit) based on the financials supplied in the application. Suitability of the product is assessed through a workshop process between the client and the bank.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 29967abaf0f640afb581333158f003cc · View on CDR.gov.au