Guide to Commonwealth Bank MasterCard Paypass

Information verified correct on October 1st, 2016
mastercard-contactless

Use MasterCard’s contactless technology to make payments and save time, and don’t worry about your account’s security.

Consider this – you’re in a hurry and have to buy some basic toiletries on your way home. You head into a Coles Supermarket, you pick what you have to, and when it comes time to pay, you simply tap your card and are on your way. This is pretty much what you can expect when using a MasterCard Contactless credit or debit card.

This technology can help you save valuable time, time and time again, given that you can make contactless payments for purchases of less than $100. All you have to do is look for the contactless symbol.

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Commonwealth Bank Low Rate Credit Card
This card offers a low ongoing rate of 13.49% p.a. on purchases. Enjoy an annual fee waiver for the first year if you apply online by 31 October 2016.
13.49% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($59 p.a. thereafter) More info
Commonwealth Bank Low Fee credit card
Enjoy a low annual fee credit card with $0 annual fee for the first year and every year after if you spend at least $1,000 in the previous year. Also enjoy up to 55 interest-free days on purchases.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($29 p.a. thereafter) More info
Commonwealth Bank Low Fee Gold Credit Card
Enjoy Gold card privileges such as included travel insurance and up to 55 interest-free days on purchases. Receive $0 annual fee for the first year and every year after if you spend $10,000 in the previous year.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($89 p.a. thereafter) More info
Commonwealth Bank Awards credit card
A dual credit card with up to 1.5 Awards points per dollar spent. Enjoy a $0 annual fee for the first year if you apply online by 31 October 2016.
20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($59 p.a. thereafter) More info
Commonwealth Bank Gold Awards Credit Card
Earn up to 2 Awards points for every $1 spent and enjoy included travel insurance. Receive $0 annual fee for the first year if you apply online by 31 October 2016.
20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($119 p.a. thereafter) More info
Commonwealth Bank Low Rate Gold credit card
A low rate card with $0 annual fee for the first year if you apply online by 31 October 2016. Also enjoy up to 55 days interest-free on purchases.
13.49% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($89 p.a. thereafter) More info
Commonwealth Bank Platinum Awards Credit Card
Receive Platinum benefits including up to 2.5 Awards points per dollar spent, included travel insurance and 24/7 concierge. Enjoy an annual fee waiver for the first year if you apply online by 31 October 2016.
20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($249 p.a. thereafter) More info
Commonwealth Bank Diamond Awards credit card
Earn up to 3 Awards points per $1 spent with a limit of 1 million points per year. Also receive a first year annual fee waiver if you apply online by 31 October 2016.
20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($349 p.a. thereafter) More info
Commonwealth Bank Student Credit Card
Manage your spending with $0 annual fee for the first year and up to 55 days interest-free on purchases.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($29 p.a. thereafter) More info
Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Low Rate
Enjoy a low rate on your everyday purchases.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
ANZ Low Rate Platinum Credit Card
A low interest rate on purchase with up to 55 days interest free.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $99 p.a. Go to site More info
Emirates Citi World MasterCard
Enjoy up to 10% off Emirates flights on your first spend when you book before 31 December 2016. Also pay a reduced annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
Commonwealth Bank Business Platinum Awards credit card
Earn up to 3 Awards points per dollar spent, enjoy complimentary insurances and $0 annual fee for the first year.
20.74% p.a. $0 p.a. annual fee for the first year ($300 p.a. thereafter) Go to site More info

Using MasterCard PayPass

Using your MasterCard PayPass credit or debit card is fairly straightforward, and here’s what you need to know.

How does MasterCard PayPass work?

Your MasterCard PayPass card comes with an embedded microchip along with an antenna, which the card uses to relay transaction details via radio frequency over short distances without the need for physical contact. To complete any such transaction, you have to get your card within 6 mm of a contactless terminal. You then hear a beep and see green lights, which indicate that the transaction is complete. With payment terminals that don’t support contactless payments, you can use these cards like conventional cards.

PayPass gives cardholders the means to save some time when making payments at brick-and-mortar establishments. Owing to this technology, as long as the total amount of your transaction is less than $100, you don’t have to enter your PIN or swipe your card, you simply tap and go.

Which cards come with PayPass?

Most new credit or debit cards distributed by the major providers in Australia offer this technology. Contactless payments are set to become standard with all new cards in the coming future, and these cards come with the distinct contactless logo.

MasterCard PayPass Contactless Credit Cards Comparison

Rates last updated October 1st, 2016.

ANZ Low Rate

This balance transfer offer has been extended by ANZ for the foreseeable future.

January 13th, 2016

ANZ Low Rate Platinum Credit Card

Minimum income requirement updated from $50k to $35k

January 13th, 2016

Emirates Citi World MasterCard

Replace bonus points offer with up to 10% off on Emirates flights until 31 December 2016

April 29th, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Low Rate
Enjoy a low rate on your everyday purchases.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
ANZ Low Rate Platinum Credit Card
A low interest rate on purchase with up to 55 days interest free.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $99 p.a. Go to site More info
Emirates Citi World MasterCard
Enjoy up to 10% off Emirates flights on your first spend when you book before 31 December 2016. Also pay a reduced annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
Commonwealth Bank Business Platinum Awards credit card
Earn up to 3 Awards points per dollar spent, enjoy complimentary insurances and $0 annual fee for the first year.
20.74% p.a. $0 p.a. annual fee for the first year ($300 p.a. thereafter) Go to site More info

Compare Visa PayWave and Mastercard PayPass

Where can I use PayPass?

The use of this technology is spreading globally, and there is already a long list of businesses in Australia that accept contactless payments. Some of the popular names on this list include Coles, Myer, 7-Eleven, Woolworths, Caltex, Bunnings, IGA convenience stores, Dymocks, Subway, Newslink, Terry White Chemists, Chicken Treat Stores, and Foodworks. More and more businesses are turning to this technology on an ongoing basis, and you can only expect the number of contactless terminals in the country to grow.

How are my PayPass purchases secured?

One of the biggest concerns cardholders have revolves around the security of the card, but you should know that this technology aims to offer the highest safety levels possible.

  • Control in your hands. You keep your card in your possession at all times, so you don’t have to worry about someone copying or skimming your card.
  • No accidental payments. If you’re worried that you’ll make an accident payment by simply walking by a contactless terminal, don’t be. The antenna such a card relies on an extremely short range of 6 mm, so you can be sure that you won’t make payments that you shouldn’t. Given this short range, you don’t have to worry about someone stealing your card’s information either. Besides, each contactless transaction results in the generation of a unique security code, and reusing it is not possible.
  • Billed only once. If you end up tapping your card more than once, you don’t have to worry about making multiple payments. You pay only once.
  • Purchases of more than $100. If you end up making a purchase of more than $100, you can still tap your card to make a payment, but in such a scenario you will have to enter your PIN, and the merchant might ask you to sign a receipt. This is simply to offer increased protection for large value transactions.
  • Regular MasterCard security measures. You can expect round-the-clock monitoring of your Commonwealth Bank card account activity, and as soon as the system detects any unusual or fraudulent transaction, it notifies you of the same immediately. A zero liability policy protects cardholders from any fraudulent transactions made using their cards. MasterCard SecureCode provides added security when your card’s details make it to the online world.

Compare Commonwealth Bank credit cards

What are the pros and cons of using PayPass?

Pros

  • Save time. Often times, seconds spent at a payment terminals seem like eternity, especially when you’re in a rush. Not having to swipe your card and enter your PIN can save time just about every time you shop. If most people start using contactless cards, it can also lead to shorter queues.
  • Difficult to copy. These cards come with embedded microchips that make copying information from your card rather difficult.
  • Information sharing. Contactless cards tend not to share information such as your name, your card number, and the card’s security code. Instead, each transaction comes with a unique security code generated through an encrypted secret key that is part of each microchip.

Cons

  • Misuse. Since the card does not require a PIN or a signature for payments of up to $100, you cannot rule out its misuse completely. This can happen if you don’t realise you’ve lost your card quickly enough, or even if someone you know wishes to use your card without your knowledge.

The expanding presence of contactless payments shows that this technology is showing no sign of slowing down anytime soon. An increasing number of cardholders are benefitting owing to the speed and convenience these cards offer, and the ensured security is an added bonus. Use cards with payment technology as you would any credit or debit card, responsibly and smartly.

Frequently asked questions

Can I use my contactless Commonwealth Bank card on contactless payment terminals that don't display the contactless logo?

No. You can make contactless payments using your Commonwealth Bank contactless card only where you see the contactless symbol.

Can I use my contactless card through my wallet?

Yes, you can, but if your wallet holds more than one contactless card you should remove and use the card you wish to pay through.

Is there a battery is my contactless card?

No, contactless cards don’t use batteries of any kind.

Is there any way I can order a new card that doesn’t come with PayPass?

This is now a standard feature with most new credit and debit cards, and if you want a card without this technology you’ll have to contact the bank directly.

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18 Responses to Guide to Commonwealth Bank MasterCard Paypass

  1. Default Gravatar
    sharah | May 22, 2015

    Hi I am wanting to change the account that is connected to my card when I purchase on line? How do you do that? Thanks

    • Staff
      Jonathan | May 25, 2015

      Hi Sharah, thanks for your inquiry!

      Please refer to the link I have sent to your email for Commonwealth Bank’s contact details.

      Cheers,

      Jonathan

  2. Default Gravatar
    Jess | May 8, 2015

    If for example: my phone bill was taken out of my account twice leaving me in negative money can I still use PayPass to buy food or something until my money is refunded?

    • Staff
      Jonathan | May 8, 2015

      Hi Jess, thanks for your inquiry!

      PayPass payments can only be made from funds that are available in the account, so the refunded amount would have to be actioned before any purchases could be made.

      Cheers,

      Jonathan

  3. Default Gravatar
    Greg | April 30, 2015

    I have recently received my latest replacement (three year) low fee Visa credit cards in the mail. I did not request payWave, I do not want payWave, yet the new cards have payWave. Can I please return the cards (e.g. via my local Branch of the CBA) to get a version without payWave?

    Thank you.

    • Staff
      Jonathan | May 1, 2015

      Hi Greg, thanks for your inquiry!

      MasterCard® PayPass ™ and Visa payWave are standard features of credit cards. It would be best to contact CBA directly in regards to this inquiry. Please refer to the link I have sent to your email for these contact details.

      Cheers,

      Jonathan

  4. Default Gravatar
    Aaron | February 25, 2015

    I have a new CBA Mastercard with Paypass and it debits from my Credit card account. Can I change the Account to one of the Linked accounts on the card?

    • Staff
      Jonathan | February 25, 2015

      Hi Aaron thanks for your inquiry!

      Generally the debit account is preset, with the linked accounts as additional accounts. It would be best to contact Commonwealth Bank in regards to this inquiry.

      Cheers,

      Jonathan

  5. Default Gravatar
    Somayeh | November 19, 2014

    Hi.
    I used to pay pass all the time I shopped. But my card stopped working with any card reader’s pay pass system. I mean I can’t pay pass any more. Is that possible that my card has some problems?

    • Staff
      Elizabeth | November 19, 2014

      Hi Somayeh,

      Thanks for your question.

      There may be a problem with your card, so you will need to check with Commonwealth Bank directly. You can either visit a branch, give them a call, or you can replace a damaged card directly through NetBank.

      I hope this has helped.

      Thanks,

      Elizabeth

  6. Default Gravatar
    Robin | February 24, 2014

    How can apply for a pay pass card?

    • Staff
      Jacob | February 25, 2014

      Hi, Robin.

      Thanks for getting in touch with us.

      All credit cards currently come with Visa PayPass or MasterCard PayPass functionality. So for purchases under $100, you’ll be able to tap and go to complete a transaction regardless of which credit card you choose.

      Next, please have a look at our best credit card comparison page. Use the table functionality to compare credit cards. If you would like more information about one of the products, you can read the review. You can also apply for one of the cards by clicking through to an application page from the card’s review page.

      I hope this helps.

  7. Default Gravatar
    jasmine | January 9, 2014

    Is there a limit on my paypass. It has stopped working?

    • Staff
      Jacob | January 10, 2014

      Hi, Jasmine.

      Paypass will work with transactions up to $100. You may also want to check your account balance to make sure that you still have available credit to complete the transaction.

      Thanks for your question.

  8. Default Gravatar
    ChrisD1991 | August 29, 2013

    Can I use paypass when my account is negative? I’ve heard you can and it doesn’t appear on my transactions list for a day or 2 but I don’t want to go into negative accidentally and get fees

    • Staff
      Jacob | August 29, 2013

      Hi Chris.

      Yes, PayPass may still work and send your account over-limit. It depends on whether you have set a hard limit or soft limit on your credit card. For instance, some cards allow you to spend up to a certain amount over your credit limit, while other cards will not let you spend a dollar over your credit limit. If you’re spending on the card on a weekend, it may take a day or two before it shows on your transaction listing.

      Thanks for your question, let us know if you need more information on this topic.

      Jacob.

  9. Default Gravatar
    Mark | July 21, 2013

    What number do you enter when asked for 3 digit ccv?

Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* 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.

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