CommBank Low Rate Credit Card ($6 Monthly Fee): $50 Monthly Cashback for 12 Months with $500 Monthly Spend @ CommBank Yello

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ThePeterGriffin on 14/01/2025 - 13:52 commbank.com.au (319 clicks)
Last edited 14/01/2025 - 14:12 by 1 other user

New Commbank CC Deal

Earn $50 each month when you spend $500 or more per month for the first 12 months on a new Low Rate credit card. Offer is only available to customers in CommBank Yello when applying for a new Low Rate credit card. Ongoing eligibility, exclusions and offer Ts&Cs apply

Offers seems good. Profit of about 510-516 of about keeping the card for almost 15 Months to receive the full cashback amount.

Cashback Takes about 90 Days to be credited

TnC's

Offer commenced 3 December 2024 and is only available to customers in CommBank Yello Everyday, Everyday Plus or Homeowner benefit sets when they apply for a new Low Rate credit card. Offer not available to customers who currently hold, or have held, any activated Low Rate or Low Fee card types in the 18 months prior as a primary cardholder or customers who switch from other card types.

To be eligible for the CommBank Yello offer, you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs and not have opted out of the program when applying. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

$50 cashback will be awarded for every month (statement period) $500 or more is spent on eligible purchases for 12 consecutive statement periods. Maximum cashback available is $600. The first eligible spend period will commence from the day your account is opened, up to the end of your second statement period. After this date, the offer spend requirements will align to each statement period that follows until exhausted. Transactions must be fully processed and any pending transactions at the end of the statement period will not count towards the spend criteria. Cash advances and refunds (including CommBank Yello cashback offers) are not included as eligible transactions.

Cashback will be credited within 90 days of each eligible statement period where the spend criteria has been met and will appear on your statement as ‘CASHBACK’. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account.

Related Stores

Commonwealth Bank

• 

  jv on 14/01/2025 - 13:55

  -4

  Offer is only available to customers in CommBank Yello

  Nope

  https://files.ozbargain.com.au/upload/14180/118170/yello.jpg

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  CodeXD on 14/01/2025 - 14:02

  +3

  the low fee one also has $50 monthly cashback with $500 spend for first 6 months but no monthly fee if you spend at least $300 in the statement period. Shame it shares the same cooldown of 18 months :(

  Offer not available to customers who currently hold, or have held, any activated Low Rate or Low Fee card types in the 18 months prior as a primary cardholder or customers who switch from other card types.

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  lothus777 on 14/01/2025 - 14:10

  Still waiting for my final $100 cashback from the pervious offer

  • 

    jv on 14/01/2025 - 14:11

    -2

    from the pervious offer

    Maybe it passed through ???

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  Stefce on 14/01/2025 - 14:47

  +2

  I do love how they moved annual fees and annual spend thresholds to monthly, makes managing this a PITA.

  • 

    Graffin on 14/01/2025 - 17:26

    +2

    Yep. I had a low fee card where I had to spend $1000 or more per year to waive the $39 fee, but now they've made it that I have to spend $300 each month to avoid a $3 fee… it is a pain in the rear to have to do that. It's like they want you to get into debt.

    Screw that. Get a St.George/Bank SA/Bank of Melbourne credit card. No annual/monthly fees and even the international currency conversion fee is 3% instead of CBA's 3.5%.

    • 

      CodeXD on 14/01/2025 - 17:29

      It isn't that bad since you get $50 monthly cashback by spending $500 which automatically waive monthly fee

    • 

      INFIDEL on 14/01/2025 - 20:10

      +1

      After 30 years with a Commbank CC, closed the Low Fee card due to the new fees introduced last year.

      So not eligible for this offer.

      In that time, paid no account fees, & only 2 small interest payments.

      Was originally a Confederation of Industry Awards CC. Until they wanted annual fees. Downgraded to a Low Fee card with no Awards for spending.

      Received a few $3 monthly fees last year - when my spend dropped below $300/mth. Contacted bank - fees were waived.
      Was much easier with annual min spend of $1000, as monthly spent widely varies.

      Now use StepPay for most small bills. No fees as long as have funds to pay as due.

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  congo on 14/01/2025 - 14:58

  +1

  Saw this in the app yesterday, but gone today

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  circle9nine on 14/01/2025 - 20:15

  -1

  Not a deal worth your time.

  Requires 12 months of engagement with their product during which time I'm sure they want to try cross selling through yellow.

  Considering up front s of this size are common with other landers , thats why I would say its not a deal.

  • 

    CodeXD on 14/01/2025 - 20:31

    Requires 12 months of engagement with their product

    Actually it is per monthly basis you don't need to do the full 12 months of "engagement"

    • 

      circle9nine on 14/01/2025 - 21:01

      Are you sure?

      "$50 cashback will be awarded for every month (statement period) $500 or more is spent on eligible purchases for 12 consecutive statement periods"

      $50 x 12 months for $6000 total spend? I've redeemed gift cards for that value on other credit cards. Credited for half the spend in a quarter of the time.