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Get $20 Cashback on $100 Min. Spend with StepPay (New Customers Only) @ Commonwealth Bank

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Get $20 Cashback on $100 Min. Spend with StepPay (New Customers Only) @ Commonwealth Bank
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aimon on 04/02/2022 - 16:36 commbank.com.au (213 clicks)
Last edited 04/02/2022 - 21:54 by 2 other users

Just received this offer from Commbank who will join subsidising your consumer spending. Not as generous as Afterpay but lets hope this ramps up.

StepPay is ready when you are. The new way to buy now, pay later. Split your purchases of $100 or more into four, everywhere - in-store and online.

Plus, get $20 cashback when you spend $100 or more in one transaction by the 31st of March 2021.^

Terms

Offer available to new StepPay customers applied for between 06/10/2021 and 31/03/2022. To be eligible for the $20 cashback you need to spend $100 or more in a single transaction on your new StepPay account by 31/03/2022.

Cashback will be credited directly to your StepPay account within 90 days of you meeting the spend criteria and will appear on your transaction history as 'STEPPAY20'. Limit of one cashback payment per customer. Offer available to new StepPay accounts, you will not be eligible if you currently hold or have held a StepPay account. You will be ineligible for the cashback if your account is closed or in default at any time prior to the cashback being credited to your account.

Mods, not sure how to set this as targeted so please help me if you can. (Deal is not targeted. Existing CommBank customers can apply via the CommBank App. New CommBank customers will need to open a bank account and download the app.)

Financial Buy Now Pay Later Cashback

Related Stores

Commonwealth Bank
Commonwealth Bank

closed Comments

  • dylanando on 04/02/2022 - 16:38
    +6

    Not worth it for a credit check.

    • aimon on 04/02/2022 - 16:41

      What if you are already with CBA? Do they need to check then?

      • kendo on 04/02/2022 - 16:42

        They still check you. Max limit is $1,000

        • ef on 04/02/2022 - 16:52

          But CBA made me link step-pay to a savings account, where as afterpay can be linked to credit card.

          • kendo on 04/02/2022 - 17:16
            +1

            @ef: I dont know about that as I used CC with afterpay to get points

    • Mitch889 on 04/02/2022 - 16:58

      Agree, having your credit checked to purchase something for $100 sounds crazy to me.

    • Koipanda on 04/02/2022 - 16:59

      What does a credit check impact?

      • resmansg on 04/02/2022 - 17:11

        It impacts on your credit score. The more credit checks on you, the less credit score you will have.

        • mynameisborat on 04/02/2022 - 17:16
          +1

          That's an idiotic logic set by the banks.

        • Koipanda on 04/02/2022 - 18:08
          +2

          Thats stupid… So if i want to find out what my credit score is, I lose credit score just for checking…. wth

          • beaudilo on 04/02/2022 - 20:24
            +2

            @Koipanda: @Koipanda
            Not exactly.

            When the checks are performed by lenders, that will impact your score.

            There are various companies who offer a service to check your own file for no impact.

            For example, Equifax (https://www.mycreditfile.com.au).

          • Cousin IT on 04/02/2022 - 23:17

            @Koipanda: @Koipanda In Australia there are 3 credit reporting agencies, Experian, Illion and Equifax, you can either go to them directly or to credit check providers. Personally I prefer to go directly. The checks are free! Also Lenders/companies can use any or a combination of the 3 for a check, so it's always best to get a check from all 3 of them and know your standing.

            More info and the links to all 3 agencies and providers are available on the Money Smart page.

            Hope it helps.

  • The Value on 04/02/2022 - 16:52

    Hey Simon, the link might be just for you.

  • rottenpotato123 on 04/02/2022 - 18:17
    +2

    My credit check went down by 800 to 650 after week of getting approved of $900. Idk how does it affect my score so much. I wish i would have read t&c before i sign up not worth for $20. After a months i closed my account. Hopefully, my lost score would be back after july ..

  • JIMB0 on 04/02/2022 - 19:10

    Would they still do a credit check if you already hold a mortgage with them?

    • Mitch889 on 04/02/2022 - 20:26

      I wouldn’t expect that to matter, having a mortgage with CBA doesn’t stop you from having a bunch of other debts with other lenders.

  • USER DC on 04/02/2022 - 19:14

    HAHA $20 - not worth my hard credit check, should be at least >$150

  • odysseus on 05/02/2022 - 00:58

    It's "Step"Pay.

    So is that why they show a guy emphasising his shoe?

    <cringe> marketing.

    • buffalo bill on 05/02/2022 - 08:12

      Maybe it causes their customers to walk

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