Low Rate credit card
Ideal for small business owners looking for a line of credit with a competitive interest rate and no annual fee. Note, this product does not include an interest free day period.
- Purchase rate
- 14.55%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Cash advance | 14.55% | — | — |
| Purchase | 14.55% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Late payment fee When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date. | Late payment | $20.00 |
| Overlimit fee When we first allow you to go over your credit limit in a statement period. | Event | $10.00 |
| Emergency issue/ lost/ replacement card fee When you need an emergency replacement card delivered to you. | Replacement | $20.00 |
| International transaction fee (Mastercard and Visa transactions) Capped at $150.00 per 1 day · When you make a transaction that is converted by Mastercard or Visa from a foreign currency to Australian dollars. | Other | 3% of transaction |
| ATM cash advance charge Capped at $150.00 · Charge applies to cash advances through a terminal of any financial institution in Australia, at ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam. 1.5% of the cash advance amount. A maximum charge of $150.00 applies (or a flat fee of $2.50 if your closing balance on the previous day was in credit). | Cash advance | 1.5% of transaction |
| Commonwealth Bank over-the-counter cash advance charge |
Features
- Additional cards — up to 1
- 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.
- Streamline your business banking and save time with automatic data feeds from your online banking to your accounting software.
- Bill payment (BPAY) — AutoPay
- Through AutoPay, you can choose to have the full closing balance, the minimum amount due, or set an amount debited from your chosen CommBank transaction account. If the set amount isn't enough to cover the minimum payment shown on your current statement, we'll take out more to cover the difference. If the set amount is more than your closing balance shown on your current statement, only the closing balance amount is debited.
- Bill payment (BPAY) — BPAY View
- With BPAY View you can switch to online bills & ask billers to send them directly to the CommBank app or NetBank, making it easy to see, track, and pay bills online.
- Discounts on other products — Travel Booking by Hopper
- Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
Eligibility
- Minimum age — 18 yearsOnly customers older than a minimum age may apply. Additional cardholders allowed from 16 years.
- Individuals onlyThe account holder must be a natural person.
- Applications for credit cards are subject to credit approval.
- Each 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.
Constraints
- Maximum limit — $50,000.00Max $50,000.00 unsecured credit limit. Eligibility criteria applies.
- Minimum limit — $500.00Min $500.00 credit limit. Note that the credit limit we will give you will depend on your ability to meet your repayments.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 4002561833054353a1fe48d27be120aa · View on CDR.gov.au