This might be a good deal for those looking for a 12 month interest free card to use on those OLED tv deals.
Requires a min spend of $1500 in the first 90 days of card activation then you will get $250 cash back. After the $59 annual fee, thats $191 back for free.
Not eligible to those who have had a Commbank low rate card in the last 12.months.
In contrast, while in the US, Commbank emailed me and took a reverse-charges international call to correct fraudulent activity on my credit-card. Was all resolved within 6 hours, and I never lost access to my cards or funds.
It's invalid to judge companies based on individual cases or events.
The Commonwealth Bank contacted me last year with a Skype payment from Luxemburg for about $7.00 on the day of the transaction, which I had no knowledge of. Promptly cancelled my card and I recieved a replacement card 3 days later.
So with this 0% rate does this mean there are no minimum repayments for 12 months? Trying to figure out how it works
The monthly minimum payment is 2% of the balance or $25; plus any overdues.
This is the typical minimum repayment of credit cards.
It is ‘hidden’ here…
https://www.commbank.com.au/content/dam/commbank/personal/ap…
IMO, it should be stated more prominently and explicitly on their product pages.
No it's not!!
CBA offers 0% Pa Interest for 12 Months, but ANZ doesn't
Actually you're right. I was only comparing the cashback amount, which CBA's offer is lower as it requires annual fee.
Not sure if i am missing something, but why it says:
Up to 55 days interest free on purchases
That would be an ongoing feature of the card.
It is a feature of many cards. To maximise this feature you should purchase something on the first day of your statement period.
I meant why its not mentioning 12 months instead?
I'd wait for the Low Rate Gold offer to return.. $300 cashback from $1500 spend and no annual fee
https://www.ozbargain.com.au/node/737001
Yeah but that card is not 12 months interest free
Not really important to people like me, but depends on your needs/finances. The free international travel insurance on the Gold card is a HUGE benefit and one I've used 3 times so far this year
There's no need to wait for it to "return", the offer has been extended until 1 Jun 2023
Nice, no brainer then for people that don't see value in 12 months interest free and would prefer free travel insurance, free annual fee and $300 cashback
What consider as purchases? Is paying ATO consider as one?
Just a heads up, combank security is pretty atrocious. Had 2 huge overseas transactions go through that weren't flagged. Then that money was deducted off my card limit so I wasn't able to have the full credit until the transaction was cleared (took one month).
ANZ and and Teachers Credit Union called me straight away when there was a suspicious transaction.