Commonwealth Bank Essentials Credit Card | Review & Compare

Commonwealth Bank Essentials Credit Card

Card features
balance transfer
purchase rate
annual fee
Commonwealth Bank Essentials Credit Card
Commonwealth Bank Essentials Credit Card
$60 p.a. annual fee. (Conditions Apply)
Cheap ongoing purchase interest rate of 9.90% p.a.
Minimum credit limit of $400.
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9.90% p.a.

Pros & cons

What's good?

What's not so good?

Reduced monthly fee of $2 if you choose to set up automatic repayments from a CommBank transaction account using AutoPay. Otherwise, the monthly fee is $5 a month, $60 p.a. a year.
Minimum credit limit of $400.
Cheap ongoing purchase interest rate of 9.90% p.a.
Up to 55 days on purchases
Huge nationwide network of branches, Australia Post agencies, and ATMs.
Award-winning Internet Banking and mobile apps to make it easier to manage your account.
Enable for Apple Pay, Google Pay or Samsung Pay.
The cash advance rate of 9.90% p.a. will be blocked if you try to withdraw cash. Certain exceptions apply.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Rates & fees

Ongoing interest rates

Cash advances 0.83% 9.90% p.a.
Purchases 0.83% 9.90% p.a.


Annual fee
$60 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular any weekly income
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Carer's Allowance and Child Support Payments are acceptable.
Joint applications are not allowed
Foster Care Allowance is not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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