Commonwealth Bank Low Rate Credit Card - $150 Cashback ($500 Spend, $59 Annual Fee, $91 Profit)

Same as this deal https://www.ozbargain.com.au/node/217937 but with reduced cash back of $150 and not as good as the previous deal but free money ;). Net profit $91 after cashback. This deal is for those who missed the previous deal and did not have Comm bank card in the last 12 months.

1) Apply online for a new Low Rate credit card by 14 April 2016.
2) Spend $500 on eligible transactions by 31 May 2016 using your new card. See the boring stuff below for for eligible transactions.
3) That’s it. Your $150 cash back will be credited to your account within 30 days of spending $500.

Boring stuff you should know:

CommBank Credit Card Conditions of Use

1) $150 cash back online offer applies to new personal Low Rate and Low Rate Business (personal liability) Credit Cards applied for online only. Low Rate Gold credit cards are excluded. To be eligible you need to apply online by 14 April 2016 and spend $500 on eligible transactions (includes purchases, BPAY transactions and payments to the ATO but excludes balance transfers and cash advances) using your new card by 31 May 2016. This offer is not available to customers who currently hold or have held any CommBank business and/or personal Low Rate credit card in the last 12 months. Excludes switches from other card types, all other personal and business credit cards and existing credit cards. Offer only available on one CommBank credit card per customer, can be withdrawn at any time at the discretion of the Bank, and cannot be used in conjunction with any other offer. The cash back will be applied to your account within 30 days of you meeting the spend criteria and will appear on your statement as ‘$150 cash back’. You will be ineligible for the cash back if your account is closed, transferred, upgraded or in default at any time prior to the cash back being credited to your account.

2) Eligible transactions exclude balance transfers and cash advances (including transactions treated by the Bank as a cash advance).
3To access the lock, block and limit features on the CommBank app, you need to have Android 2.3+ operating system and above or iOS 5.0+ operating system. Not available on Windows Phones. Excludes transactions flagged as recurring (e.g. direct debits) and transactions not sent to us for authorisation. Other Terms & Conditions apply

Annual fee and interest rates subject to change. Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable. MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.