Low Interest
Commonwealth Bank Credit Card - Click4Credit Overview
Commonwealth
Bank has been serving the Australian consumer for nearly a century now
and offers services via their 35,000 staff members from 130,000 points
of presence across the country. They also have a footprint in New
Zealand, Asia and the United Kingdom, and continually strive to be the
number one bank in terms of customer service, regardless of where they
are.
Like
most of the credit card issuers in the world, Commonwealth Bank stepped
to the fray with a low interest credit card to meet growing demand for
a no frills, basic Commonwealth Bank credit card. Launched on the 1st
of March 2006, their low interest credit card turned out to be yet
another Commonwealth Bank success story.
Who is best suited
to the Low Interest Commonwealth Bank Credit Card?
The
low interest Commonwealth Bank credit card is rated five stars by
Cannex in the Habitual Spending category and a more than credible four
stars in the Impulse Spending category. This low interest credit card
is ideal for those consumers who prefer economy to rewards or for those
who have a tendency to carry balances from one month to the next.
To
qualify for this low interest credit card, you need be 18 years of age
or older, enjoy a good credit record, and hold either Australian
residency or citizenship.
Some
Key Features of the Low Interest Commonwealth Bank Credit Card
In
addition to offering true low interest credit card features, this
Commonwealth Bank credit card also offers a Great Rate feature. The
Great Rate feature helps you to finance those extra large non-travel
related purchases you need to make on your Commonwealth Bank credit
card from time to time, by offering a 0.99% interest rate for a period
of 3 months.
You
are not limited to a single Great Rate purchase at a time, which means
that you could register both the designer lounge suite and the Persian
carpet you bought with your Commonwealth Bank credit card from two
different merchants, as Great Rate purchases. Registration is easy.
Simply call 132221 within 14 days from purchase.
In
brief, the Commonwealth Bank low interest credit card offers:
- Low
interest credit card rate of 13.24% on purchases, 19.99% on cash advances
- Low
interest credit card balance transfer rate of 5.99% for 5 months
- Low
annual fee of A$48
- Up
to 55 days interest free grace period Great Rate option of 0.99% for 3
months for purchases of A$1,000 and greater
- Free
additional Commonwealth Bank credit card holder
- Secure
Internet Shopping (SIS)
- Secure
Sentinel (Optional)
- Online
Protection guarantee
- Internet
Banking
- Visa
/ MasterCard global acceptance
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