0% Interest for 10 Months on Purchases for All New CBA Credit Cards (Annual Fee Starts from $24)

Useful for those who have a home loan or planning to make a large purchase. If you choose the Low Fee credit card, the annual fee is $24. If you have an eligible CBA product you can get the Low Fee and Low Fee Gold (travel insurance and purchase security insurance) for no annual fee. Students also pay no annual fee for the Low Fee Student if they have a CBA everyday account with student options.

Of course there are better credit cards out there but the deal in this one is the 0% interest for purchases for 10 months promotion. Just pay the debt at the end of the 10 months and cancel the card.

Edit: just confirmed with bank staff that you have to pay $25 per $1000 debt per month. So 2.5% principal repayment per month.

T&Cs

Applies to applications received by 7/7/14 and approved by 8/8/14; can be withdrawn at any time at the Bank’s discretion; and cannot be used in conjunction with any other offer. Excludes Corporate, Business Liability Business and existing Credit Card accounts. After 10 months from date of card approval, the rate converts to the standard variable purchase interest rate for your card current at that time. Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable.

1. The annual fee is currently $24, or $0 if you hold a qualifying CommBank account or loan when you apply. We'll waive your annual fee for the first year, then continue to waive your annual fee each subsequent year as long as you spend at least $1,000 in the previous year (on purchases and cash advances only).

2. Annual fee is currently $90 or $0 if you hold a qualifying CommBank account or loan when you apply. We'll waive your annual fee for the first year, then continue to waive your annual fee each subsequent year as long as you spend at least $10,000 in the previous year (on purchases and cash advances only).

3. Full time students will pay no annual fee while studying if you hold an EveryDay account with Student options. After you finish your studies you will continue to pay no annual fee as long as you spent $1,000 or more a year on purchases or cash advances in the previous year.

4. Reduced annual fee for Commonwealth Bank customers who held a qualifying account or loan at the time of the application. Please view eligibility for preferential pricing.