CommBank Low Rate Credit Card Review (2026)
Rates and details verified 17 May 2026
Rates can change without notice. Last verified: 17 May 2026 (AEST). Please confirm details on the bank’s official page.
Purchase rate
10.99–15.99%
p.a. personalised on approval
Annual fee
$72
$6/month
Interest-free days
55
when balance paid in full
How the CommBank Low Rate Card Works
The CommBank Low Rate Credit Card offers a personalised purchase rate between 10.99% and 15.99% p.a., set at the time of approval based on your individual credit assessment. This means your rate could be Australia's lowest available on a major bank low-rate card — or towards the mid-range, depending on your credit profile.
The card charges a $6 monthly fee ($72/year) rather than a single annual fee. There are no rewards points and no sign-up bonuses — it is a straightforward low-rate card designed purely to minimise interest on balances you carry.
Key Rates and Fees
| Feature | Detail |
|---|---|
| Purchase rate | 10.99%–15.99% p.a. (personalised) |
| Monthly fee | $6/month ($72/year) |
| Interest-free days | Up to 55 days on purchases |
| Rewards | None |
| Minimum credit limit | $500 |
Rates as at 17 May 2026. Check CommBank's website for the latest.
Personalised Rate — What Does It Mean?
Unlike most low-rate cards that charge a single fixed rate to all customers, CommBank assesses each applicant individually. If you have a strong credit history, you may receive the lowest rate of 10.99% p.a. — which is the lowest headline rate among the major banks. If your credit profile is less strong, you may receive a rate closer to 15.99% p.a.
You won't know your rate until you apply and are approved. If the rate you receive isn't competitive, the other low-rate cards on the market offer fixed rates so you know exactly what you're paying before you apply.
Pros and Cons
Pros
- ✓ Lowest possible rate starts at 10.99% p.a.
- ✓ Up to 55 interest-free days
- ✓ Major bank — CommBank app and branch access
- ✓ Simple card with no annual fee structure to track
Cons
- ✗ Rate is personalised — you may not receive the 10.99% headline rate
- ✗ $72/year ($6/month) — comparable to or higher than some fixed-rate alternatives
- ✗ No balance transfer promotional offer
- ✗ No rewards, cashback, or travel benefits
How It Compares
- CommBank Low Rate: 10.99–15.99% (personalised), $72/year
- Bankwest Breeze Classic: 12.99% (fixed), $49/year — 0% BT 24 months
- NAB Low Rate: 13.49% (fixed), $99/year (waived yr1)
- ANZ Low Rate: 13.74% (fixed), $58/year
- Westpac Low Rate: 13.74% (fixed), $59/year
CommBank's card wins only if you receive a rate below 12.99%. If you'd receive 13%+ anyway, Bankwest's Breeze Classic offers a lower fixed rate and lower fee with a balance transfer offer included.
FAQs
What purchase rate will I get?
Between 10.99% and 15.99% p.a. — personalised based on your credit assessment at time of approval. You won't know your exact rate until you apply.
What is the annual fee?
$6 per month, totalling $72 per year.
Are there interest-free days?
Yes — up to 55 days on purchases when you pay your closing balance in full by the due date each month.
Information is general in nature and may change without notice. Details verified 17 May 2026. Confirm current rates, fees, and eligibility on CommBank's website before applying. This is not financial advice.