The commonwealth bank has been in existence for some time and enjoys a wide customer base. Their products are as varied as they possibly can and thus low rate credit card shoppers find their cards attractive. Their interest rates are affordable and so are their annual fees that start from $24 and upwards. These cards are revolutionary and offer great benefits to the holders ranging from reward programs to protection and many other related benefits. Most of the cards however are designed for persons with an excellent credit rating.

One of their cards is the Commonwealth Bank Low Rate credit card. This card has everything that the card holder needs at the right place. It has a low rate credit card interest rate of just 11.74% on purchases and 19.99% on all cash advances. The card allows balance transfers at an affordable rate of 4.99% for the first 9 months from the date of account opening upon expiry, the normal rates apply. The card comes at an annual fee of 448 and the card holder is eligible to enjoy 55 days interest free subject to the terms and conditions. The card provides the holder with a fee additional card for one family member or friend. It however runs no rewards program.

The Commonwealth bank Awards card has a special offer of 4.99% interest rate on all purchases and balance transfers for the first 9 months. The regular interest rate is 18.99% and the annual fee is $59. The Commonwealth Bank platinum credit card has a rate of 4.99% on all purchases for 9 months including balance transfers. The regular rate is 18.99% on purchases and the holder gets 55 days of interest free. Annual fee is $200. The final card is the Commonwealth Bank Low Fee credit card which has the same special rate of 4.99% for 9 months. Customers who take up a new low fee credit card and spend more than $1000 per year save the $24 annual fee and get to pay no fee.