Commonwealth Bank Low Fee Student credit card
Related Products
No annual fee with the Commonwealth Bank Student Credit Card
With no annual fees while you are studying, the Commonwealth Bank student credit card is a convenient and affordable option specifically designed to meet the needs of tertiary students.
Enjoy the peace of mind of a back-up plan for unexpected expenses and the convenience of a credit card, without worrying about running up a lot of debt. The Commonwealth Bank student credit card also comes with no annual fee, providing a convenient way to shop for less.
Card features
Here’s what you need to know about the Commonwealth Bank Student Credit Card:
| Product Name | Commonwealth Bank Low Fee Student credit card | |
|---|---|---|
| Balance Transfer Rate | 5.99% p.a. for 5 months | |
| Interest Rate on Purchases | 0% p.a. for 5 months (reverts to 19.74% p.a.) | |
| Offer end date | 30 June 2013 | |
| Annual Fee | $0 p.a. | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.24% p.a. | |
| Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|
$400 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | MasterCard | |
| Late Payment Fee | $20 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | Yes | |
| Joint Application | No |
Extra benefits
-
Contactless payments. Tap and go for purchases up to $100, with MasterCardPayPass™.
-
Credit Card payment alerts. Make sure you never miss a credit card payment again and avoid late fees. Choose to either receive an SMS or email reminder 5 days before payment is due, making it simple to manage your repayments.
-
Transaction location mapping with Netbank. Keep track of your spending, by using our transaction location mapping to help identify the shops and locations you have used your credit card.
-
Extra security. Feel safe with a chip on every card and a 100% money-back guarantee on fraudulent transactions (provided that you have complied with the credit card conditions of use).
-
MasterCard®Priceless™. Enjoy exclusive access to a unique collection of experiences especially for MasterCard cardholders.
-
Worldwide acceptance. Use your Commonwealth Bank MasterCard at over 34 million locations worldwide.
How to Apply
If you are ready to apply for the Commonwealth Bank Low Fee student credit card click on the "apply now" button below to be taken to a secure page. You will then need to fill in your details and provide financial information to the bank. If you simply want to find out more about this card, use the button below.
Read the Commonwealth Bank Low Fee Student credit card terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | Yes - Conditions apply | |
| Credit Rating Requirement | Good | |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $400 |
| Annual Fee | $0 p.a. | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $20 | |
| Over Limit Fee | $10 | |
| Overseas Cash Advance Fee | $1.50 | |
| Overseas Emergency Replacement | $20 | |
| Overseas ATM Withdrawal | $4 | |
| Foreign Currency Conversion Fee | 3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 |
Read the Commonwealth Bank Low Fee Student credit card terms and conditions.
Was this content helpful to you? No Yes
Ask a Question About This Card
6 Responses to Commonwealth Bank Low Fee Student credit card
Credit Cards Comparison
* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.
Do I have to be unemployed to apply for a student credit card
Hi Cassie. Thanks for your question. To be eligible for this card you must be a student and have some form of income. Cheers.
Is there a minimum income required for this card?
Hi Jade. Thanks for your question. There is no minimum income requirement, rather you just need to prove that you have some form of income. You also need to be a student to be eligible for this card. Cheers.
I am a trainee attending TAFE 1 day per week and working the other 4 days.
do I qualify for a student credit card?
Hello Courtney,
thanks for the question!
Each student card will have it’s own eligibility requirements which can be found on it’s review page or by contacting the lender. In terms of the Commonwealth Bank Low Fee Student Credit Card the eligibility requirements as found on the Commonwealth Bank site are:
- You must be 18 years old or over;
- You must be a full-time tertiary student at uni or TAFE;
- Meet credit rating requirements;
- Be an Australian citizen, permanent resident or have a current Australian visitor’s visa.
I hope this helps,
Marc.