Saw this on their website today.
50 reasons to get a new card.
If you're looking for a new credit card, we've got 50 reasons you should choose CommBank. Apply for a new card, and get $50 for you to spend on whatever you want. All you need to do is choose your card*….
It was $100 last year.
churned and burned and got $50 from them for the same promotion last year. Trying to think of a good reason why I shouldn't do it again :)
0% interest free for first 5 months too!
The 0% p.a. promotional interest rate mentioned for purchases is valid for 5 months from the date of card approval.
$50 is not much of an incentive to get a credit card from the cba
Just cancel it in a few months time. You will still be + $50, money that you didn't have before.
True. CBA dont even allow you to earn Qantas points!
Does anyone know if there are any cancellation fees applicable?
I was about to neg the deal due to my run in with CBA before.
Here's an overview about it:
$100 cash back promo. I applied, they accepted, but rejected my application. A few months later, they approved my card but told me that because my card was approved after the promotion I wouldnt be eligible for it.
Bearing in mind, my finances were exactly the same as during the promo. So I dont see why I wasnt approved earlier.
How did you get accepted/rejected/accepted?
Flowers and Chocolate.
accepted over the phone
rejected by email/letter
finally accepted a few months later by letter
Happened to me but it was HSBC card with $50 promo a while ago. They took a few weeks to process the application and approved it 1 day after the promo ended which I didn't realise because the promo wouldn't end for a month when I applied so I didn't think it would take so long. Called to ask about the $50 to realise they approved it 1 day after the promo ended hence no eligible >.< Make sure you call and neg them about approval if you want to be eligible for this sort of promo.
Damn, I wanna get this deal again but I already claimed the $50 by opening a new CC last time with the CBA. Nothing is a better feeling than taking a little bit of the banks(thief's) money.
I should get all my family members to open new accounts and give me the money.
Haha I did the same. Bought $50 of stuff I was planning to buy already, waited for the credit to show up, called up and cancelled it the next day.
No hard feelings, it's only money. ;)
Can you open a new card and be eligible for another cashback or is it for "new customers" only?
Is it possible to get the CC, get the $50 credit, cancel, and then re-apply for another one when another offer like this pops back up?
Awesome! I bank with Commonwealth already, so that was pretty easy (applied through my normal internet banking system), plus Commonwealth have a card with no annual fee for full time students. I already have a Mastercard Debit card with them so there's not much point in keeping up a credit card, but at least I can take my sweet time cancelling! Thanks OP!
Is it bad that I can't even remember what card I applied for and have been 'conditionally' approved for? I don't think there's a way to check now…
Things to know
before you can:
*Applications for finance are subject to the Bank's normal credit approval. Full conditions of use will be included in our Letter of Offer. Fees and charges are payable. Offer only applies to new credit card applications applied for online. Offer is available for a limited time and can be withdrawn at any time at the discretion of the Bank. Excludes Corporate credit cards, Business credit cards and existing credit card accounts. Cannot be used in conjunction with any other offer. To be eligible for the $50 cash back, you need to apply before 7th March, and be approved before 13th March. The cash back will be applied to your account within 60 days. You will be ineligible for the $50 cash back if your account is closed, transferred or in default at any time prior to the $50 cash back being credited to your account. Interest rates and fees apply and are subject to change. Fees and charges are payable. MasterCard® and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. PayPass is the trademark of MasterCard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.