Commonwealth bank credit card interest

Credit card interest is a charge for borrowing money using your credit card account. All credit card accounts charge interest on different types of transactions, which may vary depending on the type of card you have and repayments you make. No interest , no late fees.

Flat monthly fee of $1 $or $based on your credit limit. An if you don’t use your card and have $balance, you don’t need to pay the monthly fee. A choice of three credit limits ($00 $20or $000) No foreign exchange fees, no additional cardholder fees. Exclusive benefits through CommBank Rewards 1. To be launched in November, the ‘CommBank Neo’ card follows a similar model but will also offer cashback incentives to attract customers.

Sep 1 20 Traditional credit cards can attract annual interest rates anywhere between per cent to nearly per cent. It is a card to make payments,” Mr Sullivan said. This is far more expansive than the category label of credit cards.

Commonwealth Bank group executive of retail banking services Angus Sullivan. As one of the largest and best-known banks in the country, it is a popular choice for customers looking for credit cards and bank accounts, home loans and personal loans, insurance and superannuation. For reference, if you were a CBA customer and deferred your home loan for six months after borrowing five years ago, assuming you had CBA's standard variable rate of 3. After the six months, your monthly repayments would be $72 a difference of $49.

What does bank card mean? Cash advance interest rate. Interest rate on purchases: 20. Our most rewarding credit card with uncapped points earning potential, exclusive travel benefits and no monthly fee for eligible customers.

Monthly fee: $or $7. A Smart Way to Manage Your Money.