Rating based on 1,372 reviews
About Commonwealth Bank
With a savvy that has seen it outshine many others by virtue of being an Australian entity that has crept all across the globe, its credit card offering is no exception to its business image and strategy.
Walk with a giant
Beginning its operations in 1911, CommBank has a footprint and aptitude like few other banks. This is reflected online, where a very short, bold and concise rendering greets prospective credit card applicants.
Clicking through provides an insight into the thought that has gone into the website’s design, as one is encouraged to compare cards first before applying.
Step by step
The follow-on page from the comparison tab continues the yellow & blue theme and encourages one to look carefully at available low rate card options.
Basic criteria for application
The application criteria are simple and fuss-free, however, remains stringent. All in all, there is savvy and simple navigation that enables application and generates a feeling of reassurance.
Clicking on “Apply now” recognises existing customers, or takes new clients through to the online loan application process.
There is a current promotion for applicants, centred on the opportunity to win a $5,000 Flight Center gift card.
What Commonwealth Bank can offer you
Applicants need to be 18 or older, be legally entitled to work in Australia and be able to demonstrate proof of income.
Zero fee per annum card
No fees will be levied on the card each year for the first year. Interestingly, if a client spends $1,000 more on the card the following year - not hard when considered against inflation rates - no fees are levied, ever. All one has to do is increase year on year spend by $1000 to avoid credit card fees forever.
CommBank also present a Business Card, but although it is a business credit card, there are no onerous financials to submit when applying for this card.
The holder essentially takes surety upon themselves and is personally liable for the debt accrued on the card.
This very smartly allows innumerable smaller business owners to access a business credit card without the usual profit & loss and year-end statements that are typically required by a credit card provider for business purposes.
Credit card options
There are essentially two options for a credit card. A Low Rate credit card that carries an annual fee of $59 appears first online.
The second option is the Low Rate Gold credit card that carries an annual fee of $89. Both carry a 13.24% interest rate on purchases and a rate of 21.24% interest on cash advances. The Gold Card option comes with sundry assorted extras like travel insurance.
0 % Per annum
In a Nutshell
- Available cards
- Commonwealth Bank Low Rate Credit Card
- Commonwealth Bank Low Fee Credit Card
- Commonwealth Bank Low Fee Gold Credit Card
- Commonwealth Bank Awards Credit Card
- Commonwealth Bank Gold Awards Credit Card
- Commonwealth Bank Low Rate Gold Credit Card
- Commonwealth Bank Platinum Awards Credit Card
- Commonwealth Bank Diamond Awards Credit Card
- Commonwealth Bank Student Credit Card
- Commonwealth Bank Awards Program
- Interest ranges From 13.24% to 20.24% per annum on purchases
- Interest-free balance transfer periods None – a low rate of 5.99% per annum for 5 months
- Annual fee ranges From $0 to $349
- Average processing time 3 days
- Online application
- In-store application
CommBank is an easy option with understated value
Presenting as a friendly giant in the lives of Australians, Commonwealth Bank has massive clout and a huge presence on the continent offering everything from car loans to bank accounts.
Apply in just 10 minutes
With a 10 minute or less turnaround time for online loan application, CommBank has enabled online visitors to pick up a smart, intelligent and uncomplicated credit card that carries transparent costs and is accepted worldwide.
Offering a very competitive credit card rate of 13.24% per annum, CommBank shines as an astute and uncluttered offering online.
Bump it up feature
The ‘bump it up’ feature that waives fees for an extra $1000 spent on the previous year is both savvy and rewarding for consumers.
It represents a moment where banks and people meet and both are pleased and is a very worthwhile feature to consider. Well received by Australians to date, a CommBank credit card is a logical option and easy to secure online for anyone looking for the facility.
Let’s look at the awards you can get for every time you swipe
We have made sure that you get treated for spending with our company and that is why we have made sure that every time you swipe every dollar you spend you will get 1 awards point, we have two cards that can help you increase3 your points by a great amount now the first card you can only get up to 50000 awards points and the other card you will be able to earn up to 150000 awards points. Your awards points can be used for several features from going on adventures and purchasing your air tickets to using it and getting cash or furthermore you can buy over a thousand products using your awards. We wanted you to know that we care and that is why we would like you to be able to spoil yourself while you spend and get a bonus back too.
Using our app
Yes, it is at the touch of your fingers because nowadays you can control your bank account from your phone and we wanted to make sure that you got the best to do that with. We have made sure that when you download or app that you will be able to keep up with your balance and more. From your transactions to be able to pay someone from your phone doing password changes and updates that you will be able to do by yourself from your phone.
Eligibility & Requirements
Other Products & Services
- Personal Loans
- Credit Cards
- Savings accounts
Customer Reviews & Testimonials
Using my app has made my life so much easier being able to pay staff when i am in our out of the country just by using my phone.
— Perth —
Always get great assistance at the branches and would recommend the company to anyone
— Sydney —
Great app when you are on the go and need to keep tabs on your account this truly does help.
— Sydney —
- (02) 9378 4455
- George & Market Sts Sydney Cnr George & Market Sts, Sydney, NSW, 2000, Australia
- Monday 09:30 – 16:00
- Tuesday 09:30 – 16:00
- Wednesday 09:30 – 16:00
- Thursday 09:30 – 16:00
- Friday 09:00 – 17:00
- Saturday Closed –
- Sunday Closed –