CommBank Low Rate vs ANZ Low Rate Credit Card
Rates and conditions verified 14 June 2026
Rates can change without notice. Last verified: 14 June 2026 (AEST). Please confirm details on the bank’s official page.
Two big-bank low-rate cards for people who sometimes carry a balance. The headline is the low purchase rate; the tie-breaker is the annual fee and the rate you'll actually pay.
At a glance
| CommBank Low Rate Credit Card | ANZ Low Rate | |
|---|---|---|
| Purchase rate (p.a.) | 10.99–15.99% p.a. | 13.74% p.a. |
| Annual fee | $72 | $58 |
CommBank Low Rate Credit Card
Best for: those who occasionally carry a balance and want a low purchase rate from the largest bank
- • Low purchase rate
- • Big-four branch access
- • No rewards — built for low cost
ANZ Low Rate
Best for: balance-carriers who want a low rate paired with a lower annual fee
- • Low purchase rate
- • Lower annual fee than some rivals
- • No rewards — built for low cost
The verdict
Low-rate cards are about minimising the cost of carrying a balance, so the two levers are the purchase rate and the annual fee — both in the table. Neither earns rewards, which is the point: you're paying for a low rate, not points. If you'll usually carry a balance, the lower purchase rate saves the most; if you mostly clear it but want a cheap safety net, the lower annual fee matters more. Either beats a rewards card for anyone who doesn't pay in full each month.
FAQs
Are low-rate cards better than rewards cards?
If you carry a balance, yes — the interest on a rewards card's high purchase rate usually dwarfs the value of any points. Low-rate cards like these are designed for that situation. If you always pay in full, a no-annual-fee or rewards card may suit you better.
Which has the lower rate and fee?
The current purchase rates and annual fees are shown in the table above. One may lead on the rate while the other has a lower annual fee, so weigh them based on how big a balance you expect to carry and for how long.
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Information verified 14 June 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.