Commonwealth Bank Credit Cards

Are you looking for a credit card with a low rate or a card with rewards like frequent flyer points and travel insurance? Commonwealth Bank have a wide range of cards to suite everybody’s needs. Apply online today for the card that is right for you.

One Account, Two Cards. Expect More. Be awarded with an American Express credit card when opening a new Awards, Platinum or Gold Card Account. Earn Points faster, with acceptance at over 29 million locations worldwide and the benefit of one credit limit and one annual fee

Featured Commonwealth Bank Credit Card

Apply now for a Commonwealth Bank Low Fee credit card, and enjoy 1% p.a. on purchases for 5 months plus pay a $0 annual fee for the first year. The Commonwealth Bank Low Fee credit card is great for those looking for an everyday card that offers a convenient way to shop. This limited time offer is for new applicants, and exclusively available online at Credit Card Finder.

• No annual fee for the first year – Save $24
• Ongoing annual fee waiver if you spend $1,000 or more every year on your card
• Up to 55 days interest free on purchases
• 1% p.a. on purchases for 5 months (reverts to 20.24% p.a.)
• 21.74% p.a. on cash advances

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Commonwealth Bank Low Fee Credit Card	Exclusive Offer A low interest rate on purchases 1% p.a. for 5 months. Also $0 annual fee for the first year with a balance transfer offer.	1% for 5 months (reverts to 20.24% )	5.99% for 5 months	$0 Annual Fee for the first year ($24 thereafter)	21.74%
	Commonwealth Bank Low Rate Credit Card	A low rate on purchases and balance transfers with a low annual fee.	13.49%	5.99% for 5 months	$78 ($48 for qualifying customers)	21.74%
	Commonwealth Bank Low Rate Gold Credit Card	A low rate on purchases with complimentary international travel insurance.	13.49%	5.99% for 5 months	$120 ($90 for qualifying customers)	21.74%
	Commonwealth Bank Low Fee Gold Credit Card	Gold card privileges such as travel insurance, extended warranty and purchase protection	20.24%	5.99% for 5 months	$90 ($0 for qualifying customers	21.74%
	Commonwealth Bank Awards Credit Card	Earn up to 50,000 points per year. Online security guarantee. Cash back and Frequent Flyer Awards system, including Bonus Partner Reward Offers. Earn 1.5 Awards points for every $1 spent with a Commonwealth Bank American Express® Card	20.74%	5.99% for 5 months	$89 ($59 for qualifying customers)	21.74%
	Commonwealth Bank Gold Awards Credit Card	Earn up to 125,000 points per year. Complimentary comprehensive travel insurance, 90 day purchase security cover and extended warranty on purchases. Points exchangeable for Frequent Flyer Points.	20.74%	5.99% for 5 months	$144 ($114 for qualifying customers)	21.74%
	Commonwealth Bank Platinum Awards Credit Card	Earn up to 150,000 points per year. Travel Insurance for up to 12 months. Extended Insurance /Purchase/Security benefits. Commonwealth Awards Program plus extra Platinum Rewards.	20.74%	5.99% for 5 months	$280 ( $250 for qualifying customers)	21.74%
	Commonwealth Bank Business Low Rate Credit Card	A business credit card with $0 annual fee and a low ongoing interest rate. Plus higher credit limit.	14.55%		$0	14.55%
	Commonwealth Bank Business Interest - Free Days Credit Card	A low annual fee card with a low rate on purchases, plus complimentary international travel insurance.	17.57%		$60	17.57%

• See the Commonwealth Bank Overlimit & Late Payment Fees here

Table of Contents: Guide to Commonwealth Bank Credit Cards

• Commonwealth Bank Overview
• Commonwealth Bank Modern History
• CBA Awards
• Commbank Today

Commonwealth Bank Overview

Commonwealth Bank is an important name in Australian Banking. They have been innovators in both services and products since their inception in 1912 by the Australian Government. Now an internationally known bank with branches all over the world they are a trusted name for both personal and business banking needs.

In 1912 Commonwealth Bank was founded by an Act of Parliament called the Commonwealth Bank Act. This Act began one year earlier under the Bank Nationalization policy of the Labor Government of Andrew Fischer. Once it began operations it took only one year to have branches in all six states in Australia. In 1916 it moved the main operations to Sydney, where it remains today. The bank gradually gained control of the central bank and, in 1920, took over as the issuer of Australian Bank Notes from the Department of Treasury.

Commonwealth Bank Modern History

Commonwealth Bank was granted almost full central bank control through an act of emergency legislation during the second world war. After the war ended Commonwealth leveraged this control to strengthened Australia's economy. These actions were not viewed positively by all and they were forced to divide the bank in 1959. The control and operation of the reserve bank was given to the Reserve Bank of Australia while the general bank operations remained with Commonwealth Bank.

Commbank continued to expand and took on travel and insurance as well as updating its operations to more modern and computerised systems throughout the 1970's. They are even credited with offering the first credit card in Australia under the name Bankcard in 1974. The success of the credit card was impetus for them to move forward an open a full finance corporation wing called the Commonwealth Bank Finance Corporation.

Moving into the 1980's and 1990's CBA continued to grow and modernise its operations. Commonwealth added more credit cards to their repertoire including Keycards in 1981, MasterCards by 1984, and finally the Visa card in 1993. They introduced the first debit card option, known as EFTPOS (Electronic Funds Transfer at Point of Sale). They also provided for electronic banking to be done from homes or offices by launching their fully functional website in 1995.

CBA Awards

CBA is a much lauded bank having earned respect and awards through both innovations and excellence in customer service. In 1999 they were awarded the Bank of the Decade by Australian Banking and Finance Awards. The same organisation awarded the Best Bank awards in 1996, 2000, and 2002. Money Magazine, one of the most respected financial magazines awarded them the Product Innovator of the Year for CALIA. They were awarded the Best Online Banking Website by Australian NetGuide Magazine. In addition to standard banking awards they were also recognised for the Best Life Insurance Product by Australian banking and Finance Magazine.

Commbank Today

Commonwealth Bank is a major player in Australian and international banking. They currently offer the largest network for administration of financial services. There are more then 1,000 branches and more then 3,800 agencies along with more then 3,000 ATMs here in Australia alone. For personal bank there are more then 3,700 post agencies and more then 514 for business clients. When travelling abroad customers can count on the service of more then a million ATMs and card acceptance at more then 25 million locations. In addition, the bank website handles transactions, questions, and concerns of their more then 2.5 million customers. 

Commonwealth Bank is broken up into four distinct business categories. The Retail Banking Service offers affordable banking services for personal and small business customers. The Premium Business Services arm is aimed at addressing the needs of premium personal, business, and corporate clients. They operate various online broking services including the top one in Australia, CommSec. The Wealth Management division is focused on providing products and services that include insurance and investment management as well as third party services like Comminsure. Commonwealth Bank is represented in eleven countries through the International Financial Services division. The intention of these branches are to promote overseas growth and address overseas opportunities. Commonwealth offers retail banking services in China, New Zealand, Indonesia, and Fiji. they also have branches in New York City, London, Tokyo, Auckland, and Singapore. 

Commbank has vast assortment of credit cards aimed at meeting the needs of their wide ranging customer base. All of these cards offer top notch security services and worldwide acceptance. Depending on your eligibility and personal choice there are various rewards programs and rates to choose from.

• Commonwealth Bank Low Rate Credit Card
• Commonwealth Bank Awards Credit Card
• Commonwealth Bank Low Fee Credit Card
• Commonwealth Bank Gold Credit Card
• Commonwealth Bank Platinum Credit Card
• Commonwealth Bank No Annual Fee Credit Card

Commbank customers can feel good about doing business with the company because they work hard to promote Australian communities through various organisations. The participate in the advancement of health, the arts, social welfare, and disaster aid. The Commonwealth Bank Foundation aids in financing education for Australia's youth. CBA is a bank that you can count on  to have your and all of Australia's best interest in mind.

Applying for a CBA credit card

Making an application for a credit card is a simple process these days, and applying for a CBA credit card is no different. This article will give you the low-down on what it takes to apply for a CBA credit card.

Commonwealth Bank operates credit cards on the MasterCard, Visa, and American Express systems to provide the best choice and coverage for the customer. You can apply online - the easiest and quickest way - in-branch, or on paper.

Information needed:

If you are applying for a CBA credit card online, the process should not take more than fifteen to twenty minutes, but you will need certain information for Commonwealth Bank to be able to process your application:

• Your name, address, date of birth, email address and contact telephone numbers
  
• You present employment status
  
• The current state of your finances, including your income, your expenses and any major assets you own
  
• If you are self employed, your accountant's details
  
• If you intend to make a balance transfer from another card, you must provide details of the card you would like the transfer to be made from, including the account name, the account number, and the amount you wish to transfer

It is important that you collect this information together before applying for a CBA credit card, because if you have to go off and search for it mid-application you may find that your session has timed out when you return, due to the site's security features.

Applying for a CBA credit card - the criteria

• You must be at least eighteen years of age
  
• You must be an Australian resident
  
• You must have a good credit history
  
• You must be in a financial position to make regular payments

What happens next when applying for a CBA credit card?

After applying for a CBA credit card, you will be kept informed as to the progress at each successive stage, hence the necessity for providing accurate contact details. If the bank requires any more information from you, you will be informed of this within five days.

If the decision is that you are eligible for a Commonwealth Bank credit card, you will need to undergo an identity check, which is the law of the land, although this is not necessary if you are already a customer of Commonwealth Bank. Commonwealth Bank will send you a letter requiring this proof of identification. This can be fulfilled by having certain documents copied, then verified by an independent person of a specified background. These can then be mailed back to the bank. Alternatively, you can take these documents into a branch of the Commonwealth Bank so a bank representative can check them.

After all the information has been fully verified, you will receive your Commonwealth Bank credit card within ten working days. You will then need to activate your new CBA credit card over the phone.

Subscribe to our newsletter and get "The Ultimate Guide to Balance Transfers"

• Commonwealth Bank Business Interest Free Days Credit Card
  

  The Commonwealth Bank Business Interest Free Days Credit Card offers businesses interest free days on their purchases with a credit limit of $50,000 for personal liability or up to $100,000 provided the card is secured against commercial or residential property. Considering some business cards have annual fees in the hundreds of dollars, $60 coupled with [...]

• Commonwealth Bank Business Low Rate Credit Card
  

  Designed for small and medium businesses, this card offers no annual fee but does not have any interest free days on purchases, but with a cash advance and purchase rate of interest below 15%, this is hardly an issue. This card offers a flexible source of short term cash flow of $50,000 for personal liability [...]

• Travel Insurance Analysis: Commonwealth Bank Gold
  

  Travel is good for the soul and the body. It broadens your horizon and it relaxes your mind – these statements could be regarded as a romantic or a poet’s view on travel. Reality paints a different picture although the sunny blue skies and the splashing waves are still there. Reality tells us to prepare, [...]

• Commonwealth Bank Diamond Awards Credit Card
  

  The Commonwealth Bank Diamond Awards credit card launches a whole new step up in prestige and exclusivity from the old Platinum card. This premium card also offers plenty of ways to accumulate reward points quickly. However, it’s the freedom to spend those points on almost anything that really makes this card stand out.

• Best Online Banking 2010 Award: Commonwealth Bank
  

  Online banking has become increasingly more popular in recent years. Online banking has become very convenient with financial institutions offering more and more of their services online. Read more to find out why Commonwealth Bank is the winner of the best online banking provider award.

• Commonwealth Bank Travel Money Card
  

  Commonwealth bank has introduced a new travel money card that you can use to replace a credit card, traveler’s checks or cash overseas when you travel. It’s a multi-currency card that you prepay and it can be loaded with six currencies at a time before you leave the country.

• Commonwealth Bank Corporate Credit Card
  

  Whether it is managing travel expenses, monthly expenditures, or generating cash flow for your business, the Commonwealth Bank Corporate Credit Card makes managing your business easy and fast.

• Commonwealth Bank Business Liability Business Credit Card
  

  Managing daily business expenses, controlling cash flow, and making payments is easy with the Commonwealth Bank Business Liability Business credit card.

• Commonwealth Bank Personal Liability Business Credit Card
  

  The small business owner has special needs. The Commonwealth Bank Personal Liability Business Credit Card is perfect for small business owners willing to take responsibility for the transactions on the card.

• Guide To Commonwealth Bank MasterCard Paypass
  

  MasterCard PayPass is a faster way to process your credit card transactions. Instead of swiping your card and providing a signature or PIN all you have to do is tap it to the reader and it will be processed. This saves you loads of time while still providing an easy and secure way for you to pay for transactions of less then $100.

• Commonwealth Bank Low Fee Gold credit card – Review & Application
  

  If the idea of having a low fee gold card excites you, then you ought to check out the Commonwealth Bank Low Fee Gold Card for closer inspection. Since gold cards are believed to give consumers a bit more prestige, extra benefits and plenty of features it’s natural that we all want the status of gold…

• Commonwealth Bank Low Rate Gold Credit Card – Review & Application
  

  Every once in a while you get the chance to score gold. Gold credit cards are a boon for people who like their status symbols, plenty of features, extras and freebies. With the Commonwealth Bank Low Rate Gold Card you get all that and more. Read on to find out why…

• Commonwealth Bank Awards Card Credit Card Review
  

  With so many credit cards available on the market, it can often be confusing as to what card is what. We have had a look at the Commonwealth Bank Awards Card, and this is what it has to offer.

• Commonwealth Bank Business Banking
  

  Learn the details about Commonwealth Business Banking. Find out all of the features for the different business accounts. Commonwealth Business Banking is very convenient and simple to use.

• Commonwealth Bank Balance Transfer
  

  If you are looking to do a balance transfer on a Commonwealth Bank credit card, from another bank, there are a number of options available. Read this article to find out more about Commonwealth Bank balance transfer credit cards.

• Commonwealth Bank Customer Service Promise
  

  The latest campaign from Commonwealth Bank focused on it’s customer service promise.

• Commonwealth Bank Credit Card Features And Benefits
  

  There are some cba credit card features that come with any of their products. Included for all are excellent security services. Moving up the ladder adds warranty, travel, and personal assistant service.

• How To Manage Your Commonwealth Bank Credit Card
  

  Those who use credit should understand how to manage a cba credit card. Some of the important steps include keeping a budget and keeping track of your rewards. You should also ensure that your card is always kept safe.

• Managing Your Commonwealth Bank Credit Card
  

  A cba credit card is easy to manage once you understand their different offers. Interest rates, balance transfers, and interest free periods are some of the things you should consider when making your choice. All cba cards can be managed online with NetBank.

• Complimentary Insurance For Commonwealth Gold And Platinum Credit Card
  

  Complimentary insurance is offered to gold and platinum cardholders at Commonwealth bank. The insurance covers a variety of travel expenses. It also offers extended warranties and purchase security insurance on items bought with the card.

Popular Credit Card Offers

			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	ANZ Platinum Credit Card	A unique platinum credit card offer with a low balance transfer and purchases rate.	0% p.a. for 6 months (reverts to 19.39% p.a.)	0% for 6 months	$0 annual fee for the first year ($0 thereafter)	20.99%	E-mail me this offer
	HSBC Credit Card	A 0% balance transfer, $0 annual fee for life credit card.	17.99% p.a.	0% for 8 months with 2% balance transfer fee	$0	21.99%	E-mail me this offer
	Westpac Low Rate Card	A low rate on purchases, balance transfer and a $0 annual fee.	1.9% p.a. for 9 months (reverts to 13.49% p.a.)	3.99% for 6 months	$45 annual fee for the first year ($0 thereafter)	21.49%	E-mail me this offer
	Citibank Rewards Credit Card - Platinum Card	An extended 15 month balance transfer offer with 20,000 bonus reward points.	20.99% p.a.	0.9% for 15 months	$199	21.74%	E-mail me this offer
	Bankwest Breeze MasterCard	Low ongoing purchase rate from Bankwest, with an introductory purchase rate credit card.	0% p.a. for 6 months (reverts to 10.99% p.a.)	4.99% for 9 months	$49	21.99%	E-mail me this offer