Credit Card Compare

ANZ Low Rate - Credit Back Offer vs CommBank Low Rate Credit Card

Compare ANZ Low Rate - Credit Back Offer, CommBank Low Rate Credit Card side by side: annual fees, interest rates, rewards and eligibility to find the right card for you.

You may have seen us in
The Sydney Morning HeraldNews.com.auYahoo! FinanceDaily Mail Australia
Side-by-side comparison of ANZ Low Rate - Credit Back Offer vs CommBank Low Rate Credit Card.
ANZ Low Rate - Credit Back Offer card
ANZ Low Rate - Credit Back Offer
CommBank Low Rate Credit Card card
CommBank Low Rate Credit Card

Card details

Overall
52Fair
55Good
Highest
55 days interest-free57/100Highest56/100
Balance transfer39/100
Cashback80/10082/100Highest
Low rate63/100Highest60/100
Rewards21/10021/100

The basics

Card tierStandardStandard
Card typeVisaMastercard
Credit ratingGoodGood
Rewards programNoneNone
Credit limit$1,000 – $100,000$500 – $100,000

Eligibility

Minimum age18 years old18 years old
Minimum incomeNot specifiedNot specified
ResidencyAustralian citizen or permanent residentAustralian citizen or permanent resident
Joint applicationNoNo
Temporary residentsEligibleEligible
Instant approvalYes (~60 seconds)Yes (~60 seconds)

Repayments

Interest-free periodUp to 55 daysUp to 55 days
Minimum repayment2% of the closing balance or $25, whichever is greater2% of the closing balance or $25, whichever is greater

Rates & fees

Ongoing interest rates

Purchases13.74% p.a.Lowest13.99% p.a.
Cash advances21.99% p.a.21.99% p.a.

Fees

Annual fee$58 p.a.Lowest$72 p.a.
Monthly fee
Additional cardholder fee$0$0
Cash advance fee3% of the amount3% of the amount
Foreign transaction fee3.5%3.5%
Late payment fee$20$20

Rewards

Cashback

Sign-up cashback$400$420Highest
Spend required$5,000 in 6 months$500 per month for 6 months
Ongoing cashback
Cashback cap

Related comparisons

Sources

Credit Card Compare
How CardIQ scores cards