CommBankLow Rate credit card
With a low interest rate on purchases, our Low Rate credit card makes it easier to pay off purchases over time.
At a glance
- Purchase rate
- 13.99%
- Cash advance
- 21.99%
- Interest-free days
- 55
- Annual fee
- $0
- Foreign transaction fee
- 3.50%
How it compares
This credit card in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This credit card | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Any credit cardOngoing purchase rate, not introductory offers | 13.99% | 7.49%Unity Bank's Low Rate Visa Credit Card | 12.49%of 51 institutions | 35th lowest of 51, level with 5 others |
| No annual feeOngoing purchase rate | 13.99% | 10.99%American Express' Low Rate Credit Card from American Express® | 14.84%of 10 institutions | 4th lowest of 10 |
| Interest-free daysDays without interest on purchases when the balance is paid in full | 55 days | 62 daysBeyond Bank Australia's Low Rate Credit Card | 55 daysof 42 institutions | 2nd longest of 42, level with 30 others |
Rates
Every rate CommBank publishes for this credit card, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Cash advance | - | - | - | 21.99% | - | - |
| PurchaseFrom 10 December 2024, interest rates offered on approval vary from 10.99% p.a. to 15.99% p.a. The rate offered to you (your personalised interest rate) within this range depends on different factors… | - | - | - | 13.99% | - | - |
Fees
7 fees published, grouped by when they're charged.
While you hold it2
- Additional cardholder fee
Pay no additional cardholder fee to share the convenience of your card with an additional cardholder.
No fee - Monthly fee
Payable each month, giving you access to the features and benefits of your credit card.
$6 a month
When you make a transaction2
- Cash advance fee
This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and pu…
3.00% of transaction - International transaction fee
When you make a transaction that is converted by Mastercard or Visa from a foreign currency to Australian dollars.
3.50% of transaction
If a payment is late or fails1
- Late payment fee
When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date.
$20 1 days after it's due
When particular things happen2
- Overlimit fee
When we first allow you to go over your credit limit in a statement period. Only applies to accounts opened before 1 July 2012 (including any time you switch to a new credit card product)
$15 - Emergency issue/ lost/ replacement card fee
When you need an emergency replacement card delivered to you.
$20
Features
- 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
Eligibility and limits
- Minimum age 18
- Residency: NZ
- Available to individuals
- Amount from $500, no maximum
- Applications for credit cards are subject to credit approval.
- Each application for credit is assessed on the ability of the applicant to service debt (limit) based on the financials supplied in the application.
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Published by CommBank under the Consumer Data Right, last changed by them on 29 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.