In 2021, Commonwealth Bank of Australia was named Australia’s best retail bank by Global Finance.
What you need to know about this credit card:
- Annual Fee: The annual fee is $72.
- Interest Rate: Monthly interest rate is 13.99%.
- Cash Advance Fee: $4.00 or 3.00% of transaction amount, whichever is greater.
- Late Payment Fee: The late payment fee is $20.
- Foreign Transaction Fee: 3.50%
Pros:
- Interest-Free Period: Get up to 55 days interest-free on purchases.
- Low Minimum Credit Limit: The minimum credit limit is $500.
- Cashback: Cashback benefits through the CommBank app.
- Experiences and Offers: Access to priceless.com offers and experiences.
- Purchase Security: Complimentary purchase security and extended warranty insurance provided by Cover-More.
Cons:
- Annual Fee: There is an annual fee of $72.
- Foreign Transaction Fee: A 3.50% fee on foreign currency transactions.
Why Choose CommBank for Your Credit Card?
Compared to Westpac’s credit cards, CommBank Yello offers a lower annual fee and additional cashback options.
NAB credit cards, on the other hand, have higher interest rates, whereas CommBank Yello provides a competitive 13.99%.
ANZ cards often come with higher minimum credit limits, making CommBank Yello a more accessible option with its $500 limit.
While Macquarie credit cards may have rewards, the CommBank Yello card includes essential purchase security insurance.
Lastly, Bendigo cards lack the up to 55 days interest-free period that CommBank Yello provides, enhancing your financial flexibility.
CommBank Yello Low Rate Credit Card: let’s get to know it a little better
How to Apply for Your CommBank Yello Low Rate Credit Card
Ready to experience the benefits? Apply online quickly and easily for your CommBank Yello Low Rate Credit Card. Enjoy low rates and cashback benefits.