Results 1 to 2 of 2

Thread: New best interest free credit card offer, Commonwealth Bank get 12 months on new spending.

  1. #1
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    Jun 2012
    Location
    From Newcastle
    Posts
    8,420
    Blog Entries
    2

    New best interest free credit card offer, Commonwealth Bank get 12 months on new spending.

    Update: I was just looking through other Commonwealth credit cards and there's 3 others worth looking at:
    1: Commonwealth Bank Low fee credit card with 12 months free period:

    Credit Card:
    Commonwealth Bank - LOW FEE CREDIT CARD
    Commbank
    Fee:
    $24 per year, but you can get it free - (with a qualifying Commonwealth Bank account or loan).
    Interest free period for spending:
    12 months
    Representative APR:
    19.74%

    1: Just for Small businesses

    Credit Card:
    Commonwealth Bank - BUSINESS LOW RATE CREDIT CARD
    Commbank
    Fee:
    $0 - no fee.
    Interest free period for spending:
    12 months
    Representative APR:
    14.55%
    - Compared with the Student credit card below, I am not impressed by the Commonwealth bank's page for the business low rate credit card, the information isn't as quick and easy to find, very frustrating!
    1: Just for Students

    Credit Card:
    Commonwealth Bank - STUDENT CREDIT CARD
    Commbank
    Fee:
    $0 - no fee.
    Interest free period for spending:
    12 months
    Representative APR:
    19.74%
    - I'm impressed with how well Commonwealth Bank have laid the details out for this credit card, often all the helpful details are hidden away, good for them and a good offer for students.


    Great news, there's a new best interest free credit card offer, Commonwealth Bank get 12 months on new spending. It's the same length as the previous top credit card offer which can be found here: The longest interest free period for new spending with a credit card in Australia however it's slightly cheaper for the annual fee, $78 normally or $48 for preferential^ customers (info bout preferential pricing further down where the ^ is).

    The new best credit card for longest interest free period:

    The Commonwealth Bank Low Rate credit card:

    https://www.commbank.com.au/personal.../low-rate.html



    LOW RATE CREDIT CARD









    At a glance


    With an interest rate of 12.99% p.a. on purchases, the Low Rate card is our most popular credit card.
    Enjoy 0% p.a. on purchases for 12 months~. Limited time. On new personal credit cards.







    Rates and fees

    $78 annual fee
    $48 annual fee for eligible customers*
    12.99% p.a. purchase interest rate
    21.24% p.a. cash advance interest rate










    About the Low Rate credit card








    Features



    • Up to 55 days interest free on purchases
    • MasterCard PayPass™ for a faster way to pay for purchases under $100. Just Tap & Go™
    • Transactions updated instantly – so you’ll always know where you stand1
    • Transaction location mapping – track purchase locations







    Benefits



    • Our lowest interest rate on purchases
    • Minimum credit limit of $500
    • Enjoy a discount off your annual fee – receive a discount of $30 off your annual fee if you have a qualifying CommBank account or loan when you apply*
    • Free additional credit card. Apply now
    • Optional CreditCard Plus insurance
    • Stay in control with alerts and payment reminders2
    • MasterCard is accepted at over 35 million locations worldwide, in over two million ATMs, in more than 210 countries
    • 24/7 emergency assistance overseas if you lose your card with Global Service
    • Access to a unique collection of experiences and offers exclusively for MasterCard cardholders through Priceless Sydney and MasterCard Privileges



    Rates



    Interest rate 12.99% p.a. on purchases
    21.24% p.a. on cash advances
    Interest-free period Up to 55 days interest free on purchases, but does not apply to cash withdrawals or Low Rate accounts opened before 1 July 2012 (excluding accounts where we agree to treat your order of payments differently) where a balance transfer remains outstanding.
    Balance transfer rate Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across,3 cash advance rate thereafter.


    Fees






    Annual fee Currently $78 (or $48 if you’re a qualifying customer)
    Additional cardholder fee Free
    Cash advances
    • Commonwealth Bank Over the Counter4 $2.50 or 1.75% p.a. (whichever is greater).8
    • ATM5: 1.75% p.a. of cash advance amount.8
    • Any other Commonwealth Bank network6: 1.75% p.a. of the cash advance amount.8
    • Non-Commonwealth Bank Over the Counter7: $3.00 or 1.75% p.a. of the cash advance amount (whichever is greater).8
    • Overseas terminal or bank: $4.00 or 1.75% p.a. of the cash advance amount (whichever is greater).8
    • Cash equivalent items or cash substitutes: 1.75% p.a. of the cash advance amount.9


    Other fees may apply. View the standard fees and charges brochure (PDF 140KB).
    View the key facts about our credit cards (PDF 165KB).


















    Didn't find what you were looking for?

    Compare all cards Help me choose








    Low Rate Gold credit card

    Stay in control of your finances with our lowest interest rate, plus handy extras like complimentary insurances.
    Learn more






    Awards credit card

    Reward your everyday spend. Redeem points instantly at Myer, Flight Centre or choose an item from the CommBank Awards Program.
    Learn more






    CreditCard Plus

    Insurance for your credit card that can help pay your credit card bill in the event of unforeseen circumstances.
    Learn more


















    Important information
    ~ Offer only applies to new credit card applications received between 19th November 2013 and 31st January 2014; can be withdrawn at any time at the discretion of the Bank; and cannot be used in conjunction with any other offer. Excludes Corporate Credit Cards, Business Liability Business Credit Cards and existing Credit Card accounts. The 0% p.a. promotional interest rate on purchases is valid for 12 months from the date of card approval. At the end of the 12 month period, the interest rate converts to the standard purchase variable interest rate for the relevant card current at that time. A separate variable interest rate applies for cash advances.

    *Please view eligibility for preferential pricing
    1 Excludes some manual transactions and some contactless payments
    2 Subscription to this service may be limited
    3 At the end of the balance transfer period, the interest rate on any outstanding transferred balances converts to the cash advance rate current at that time. Other fees and charges may be payable.
    4 Charge applies to cash advances at Commonwealth Bank branches.
    5 Charge applies to cash advances through a terminal of any financial institution in Australia, at ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam.
    6 Charge applies to cash advances by way of funds transfer through NetBank, PhoneBank Transfer, Commonwealth Bank Customer Service Centre, Australia Post, 13 2221 Transfer Cash, NetBank Transfer Home Loan, Mobile Bank Transfer and NetBank Transfer Personal Loan.
    7 Fee applies to cash advance transactions made at other financial institutions within Australia.
    8 A maximum charge of $150.00 (or a flat fee of $2.50 applies if your closing balance on previous business day was in credit).
    9 Charge applies to purchases of cash equivalent items or cash substitutes including gambling transactions or traveller’s cheques.
    Note: For cash advances and balance enquiries made through a non-Commonwealth Bank ATM in Australia, the ATM owner may charge you a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to the cash advance amount) if applicable. You should check the ATM owner’s fees that apply carefully before completing.
    MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. PayPass and Tap & Go are trademarks of MasterCard International Incorporated.
    The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Please view our Credit Card Conditions of Use.




    ^Preferential pricing

    https://www.commbank.com.au/personal...l-pricing.html



    We value our customers and we're determined to reward them for their loyalty by delivering competitive offerings.
    As part of this commitment, if you hold a qualifying Commonwealth Bank account or loan when you apply for a credit card, we’ll either waive or discount your annual fee, depending on the credit card you choose.
    Find out if you hold a qualifying Commonwealth Bank account or loan.
    Awards

    If you hold a qualifying Commonwealth Bank account or loan when you apply for an Awards, Gold Awards, Platinum or Diamond Awards account, we’ll discount your annual fee each year by $30.
    Low Fee

    If you hold a qualifying Commonwealth Bank account or loan when you apply for a Low Fee or Low Fee Gold credit card, we’ll waive your annual fee for the first year. We’ll continue to waive your annual fee each subsequent year as long as you spend (on purchases and cash advances only) at least $1,000 in previous year on your Low Fee credit card or at least $10,000 in previous year on your Low Fee Gold credit card.
    Low Rate

    If you hold a qualifying Commonwealth Bank account or loan when you apply for a Low Rate or Low Rate Gold credit card, we’ll discount your annual fee each year by $30.
    A range of products qualify for preferential pricing, and it’s easy to find out if you hold a qualifying Commonwealth Bank account or loan.
    Preferential pricing comparison

    Awards Gold Awards Platinum Awards Diamond Awards Low Fee Low Fee Gold Low Rate Low Rate Gold
    Annual Fee $89 $144 $280 $425 $24 $90 $78 $120
    Annual Fee (with a qualifying Commonwealth Bank account or loan) $59 $114 $250 $395 $0* $0** $48 $90
    * When you spend $1,000 or more per year on purchases and cash advances.
    ** When you spend $10,000 or more per year on purchases and cash advances.
    Last edited by Gav; 09-01-2014 at 10:20 PM. Reason: new credit card deals added.



  2. #2
    Senior Member DealDude's Avatar
    Join Date
    Aug 2012
    Location
    Sydney Oz
    Posts
    2,258
    Gav was there a 2 year credit card that I could get for new spending? I think there was a 2 year balance transfer credit card from Citibank but I can't find any card offering more than 1 year for buying things. I want to try this stoozing you've mentioned in other posts.


Similar Threads

  1. Replies: 3
    Last Post: 03-10-2013, 11:52 PM
  2. Replies: 0
    Last Post: 29-05-2013, 06:19 AM
  3. Replies: 0
    Last Post: 02-05-2013, 11:07 PM
  4. Replies: 0
    Last Post: 08-04-2013, 09:06 PM
  5. Replies: 3
    Last Post: 04-04-2013, 11:12 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
share this page


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129