Commonwealth Bank is issuing six different credit cards in Australia and all the cards are offering the holders unique benefits and advantages.
Corporate Profile of Commonwealth Bank
Commonwealth Bank was established in the year 1911 by the National Government of Australia. It is the among the two biggest banks of Australia along with the National Australian Bank. The stocks of the banking organization were listed on the Australian Stock Exchange in 1991. During this time the company was privatized to a certain extent. It was totally privatized in 1996.
Commonwealth Bank Credit Cards
The credit cards of Commonwealth Bank are issued as MasterCards. There are two broad categories – ones that offer rewards and ones that do not. Following are the credit card products of the Commonwealth Bank:
- Commonwealth Bank Low Rate Card
- Commonwealth Bank Low Fee Card
- Commonwealth Bank Awards Card
- Commonwealth Bank No Annual Fee Card
- Commonwealth Bank Gold Card
- Commonwealth Bank Platinum Credit Card
Commonwealth Bank Low Rate Card
Following are the main features of the Commonwealth Bank Low Rate Card:
- It is available both as a VISA card and a MasterCard.
- There is an interest free purchase period of 55 days.
- The purchase rate is 13.24%.
- The annual fee of the card is $48.
- The balance transfer rate is 5.99% for a period of 5 months.
Commonwealth Bank Awards Card
Following are the major features of the Commonwealth Bank Awards Card:
- It is available both as a MasterCard and a VISA Card.
- There is an interest free purchase period of 55 days.
- The purchase rate is 20.74%.
- The annual fee is $59.
- The rate of balance transfer is 5.99% for a period of 5 months.
Commonwealth Bank Gold Card
Following are the main features of the Commonwealth Bank Gold Card:
- It is available as a MasterCard and a VISA card.
- There is an interest free purchase period of 55 days.
- The purchase rate is 20.74%.
- The annual fee of the card is $114.
- The rate of balance transfer is 5.99% for a period of five months.
Commonwealth Bank Low Fee Card
Following are the major features of the Commonwealth Bank Low Fee Card:
- It is available both as a VISA card and a MasterCard.
- There is an interest free purchase period of 55 days.
- The purchase rate is 19.64%.
- The annual fee of the card is $24.
- The balance transfer rate is 5.99% for 6 months.
Commonwealth Bank No Annual Fee Card
Following are the major features of the Commonwealth Bank No Annual Fee Card:
- The card is available as both a MasterCard and a VISA card.
- The rate of balance transfer is 5.99% for a period of five months.
- The purchase rate is 18.24%.
- There are no annual fees.
Commonwealth Bank Platinum Credit Card
Following are the major features of the Commonwealth Bank Platinum Credit Card:
- It is available as a MasterCard only.
- There is an interest free purchase period of 55 days.
- The purchase rate is 20.74%.
- The annual fee of the card is $200.
- The rate of balance transfer is 5.99%.