CommBank
Virtual Cards
Virtual Cards are a streamlined travel and procurement management solution, which provides large businesses the ability to take advantage of extended payment terms, transaction level payment security, and transaction level data through the deployment of single-use virtual cards.
At a glance
- Pricing
- Rates on application
- Purchase rate
- 17.99%
- Cash advance
- 17.99%
- Foreign transaction fee
- 2.50%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Cash advance | P&I | — | — | 17.99% | — | — |
| Purchase | P&I | — | — | 17.99% | — | — |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Annual Fee per card | Event | $120 | — | The disclosed annual fee amount per card is the fixed fee we have agreed with you. The fee for each card will be charged to each card on the facility anniversary date. Where a card is established bet… |
| Establishment Fee | Event | $600 | — | Establishment fee when offer for Product is accepted |
| Cash equivalent items or cash substitutes cash advance charge | Purchase | $1.25 | — | While no physical card is available to withdraw cash, the bank charges interest (17.99%) for customers using their Virtual Cards for a cash equivalent item or cash substitutes. Cash equivalent items… |
| International Transaction Fee | Transaction | 2.50% of transaction | — | Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance c… |
§ 03 — Features
Digital bankingTransit Accident InsuranceUnauthorised Transactions Insurance
- · Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.
§ 04 — Eligibility & limits
- · Available to businesses
- · Each application for credit is assessed on the ability of the business to service debt (limit) based on the financials supplied in the application. Suitability of the product is assessed through a wo…
§ 06 — Run the numbers
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Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.