Commonwealth Bank Low Rate Credit Card - Credit Cards

Commonwealth Bank Low Rate Credit Card is best for people who have plans of owning a credit card but are avoiding the high interest rate hassles. With its $48 annual fee, Low Rate Credit cardholders can already enjoy all the privileges it provides to all its loyal members. They can even choose from either MasterCard or Visa card type, which can be used anywhere in the world. Moreover, the MasterCard type can be used alongside a PayPass reader. With this, the cardholder can avoid the hassles of entering a PIN and signing little pieces of papers for purchases less than $35. As attested by their slogan, it is a mere "Tap and Go."

Upon acquisition, there will be a 55 day interest free period for purchases that a cardholder can indulge in, and he can maintain this as long as he pays the full outstanding amount before the due date. After the said period, there is nothing to worry about because it has a very low interest rate of 12.24 percent per annum both for cash advance and purchases, a truly low rate for a credit card that has a lot to offer.

For balance transfers, Commonwealth Bank offers a much more reasonable rate. For only 5.99 percent per annum for the first 5 months, a cardholder can already take advantage of the hassle-free transfer of his personal credit and store cards from other accredited Australian bank to his Low Rate Credit Card. A free additional cardholder is also available with Low Rate Credit Card. This means that either a cardholder's family member or a friend can own a link card and can enjoy its many privileges.

Aside from all these interesting features that the card offers, the most important advantage a cardholder can get from owning a Low Rate Credit Card is the assurance that his account is safe kept by the Commonwealth Bank.

• Fees, rates and promotions are subject to change. Please refer to official site for up-to-date details.