Commonwealth Bank Low Rate Card – Details and Application
Have high interest rates been an issue for you in the past? Pay less on your repayments with the fantastic low interest rate of the Commonwealth Bank Low Rate card.
Apply online and get $50 cash back into your account after activation
One of the biggest problems facing Australians is mounting credit card debt. A big part of the issue with this debt is the amount of money we spend on interest fees. These costs mean that less money goes toward paying down your principle balance making it all the more difficult to get out of debt. That is why a low rate card is such a good idea, it gives you the convenience and spending power of a credit card without all of the added costs typically associated with them.
To sweeten the deal even more the Commonwealth Bank Low Rate Credit Card now has a balance transfer offer to help you deal with your current credit card debt. A balance transfer is when you take your existing credit card debt from any non- Commonwealth Bank credit cards and move it over to your new credit card. Right now you can move your debt to the low rate card and pay only 5.99% p.a. for 5 months per annum interest on it. Within in that five months you can save loads of money on interest fees allowing you to pay down your old debt and finally get yourself in the clear of those high interest rates.
Commonwealth Bank Low Rate Card:
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
5.99% p.a. for 5 months |
|---|---|---|
| Interest Rate on Purchases | |
13.49% p.a. |
| Annual Fee | |
$78 ($48 for qualifying customers) |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Standard |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
No |
The Commonwealth Bank Low Rate Credit Card has an ongoing low rate of just 13.49% p.a. so you’ll pay less interest on any outstanding balances you have each month, leaving you free to shop, pay bills and manage your general living expenses cost-effectively. If you tend to delay on your credit card payments, then this card is suitable for you. One of the Commonwealth Bank’s most popular credit card on offer to Australians. To apply you need only be over 18 years old, meet the credit requirements and be a permanent Australian citizen, resident or have a current visa to visit Australia as a student or employee. Apply today and get out of the credit card interest rate forever.
Read the official terms and conditions
Read the official terms and conditions
| Minimum Income | Minimum Age | 18 years of age | |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $500 | Max Credit Limit |
| Annual Fee | $78 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | PurchaseDate |
| Late Payment Fee | $20 | Over Limit Fee | $10 |
| Overseas Emergency Replacement | $20 | Overseas ATM Balance check | $1.25 |
| Overseas ATM Withdrawal | $4 | Foreign Currency Conversion Fee |
Does this card have an overseas transaction fee?
Hi Adam
Thanks for your comment
When using an Overseas terminal or bank for a cash advance, the following applies: $4.00 or 1.50% of the cash advance amount (whichever is greater).
Here are Commonwealth Bank’s standard international transaction fees:
- Transactions converted by MasterCard® or Visa: 2.95%
- Transactions converted by American Express® : 1.95%
- Transactions overseas but in Australian dollars: 2.00%
In addition, American Express transactions are also subject to a 1.50% American Express currency conversion factor which is included in the converted transaction amount.
Cheers
Jeremy