CommBank - Awards credit card
CommBank Awards Points
This credit card from CommBank has a $96 annual fee, and up to 44 days interest-free on purchases. It has a cash advance interest rate of 21.99% p.a.. There is a minimum credit limit of $500
An annual fee of $96 and a purchase interest rate of 20.99% p.a.
Annual Fee
$96 per year
Cash Advance Rate
21.99% p.a.
Purchase Rate
20.99% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$500
Fees
Annual Fee
$96
per year
Late Payment Fee
$20
per statement
Cash Advance Fee
3% or $4
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders
Rates
Purchase Rate
20.99% p.a.
Cash Advance Rate
21.99% p.a.
Overseas Spending
Foreign Currency Conversion Fee
3.50%
per transaction
Overseas Cash Advance Fee
3.50%
per transaction
Eligibility
Minimum Age
18
years old
Rewards
Program
Commbank Rewards
Types
Cashback ,Gift card
Reward Rates
Rewards Rate One
1 point(s) per AUD$1
On eligible purchases
Rewards Rate Two
0.5 point(s) per AUD$1
On other purchases
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The target market of this product is likely to be consistent with the Objectives , Needs and Financial Situation:
Objectives and Needs
- Require a revolving credit facility with a convenient way to make payments and access cash by using the card attached to the facility.
- Ability to earn awards points when spending on their card.
- Access to interest free days on purchases.
- Access to purchase security insurance and extended warranty.
- Access to spend and security controls.
Financial Situation
- meet CBA’s credit assessment criteria which includes demonstrating the capacity to service the credit facility without substantial hardship.
- choose a credit limit typically above $500.
- will pay a higher interest rate.
Visit CommBank to view Target Market Determination Effective From: 2024-08-21.
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