Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

Commonwealth Bank Business Interest Free Days Credit Card
1 review

Commonwealth Bank Business Interest Free Days Credit Card

Purchase rate

17.57% p.a.

Balance transfer

5.99% for 5 monthsreverts to 17.57% p.a. No BT fee

Annual fee

$60 p.a.

Pros

Up to 55 interest free days on purchases

Cons

Additional cardholders at $60 p.a.

0% of customers who have rated this card would recommend it
  • Rates
    26%
  • Fees
    31%
  • Rewards
    N/A
  • Customer Service
    39%
  • Value
    34%
Overall user rating 26%
1 reviews
Interest Rates
Purchase rate 17.57% p.a.
Cash advance rate 17.57% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 5.99% p.a. for 5 months
Balance transfer fee No fee
Balance transfer revert rate 17.57% p.a.
Balance transfer limit 100% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from Commonwealth Bank
Credit limits
Minimum credit limit $500
Maximum credit limit $50,000
Fees & repayments
Annual fee $60 p.a.
Additional cardholder fee $60 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment $25 or 2%
Late payment fee $20
Credit card type Mastercard
Complimentary insurance
Flight inconvenience insurance No
Transit accident insurance Yes
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Unauthorised Transaction Insurance

Commonwealth Bank Business Interest Free Days Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The CommBank Business Interest Free Days Credit Card

The CommBank Business Interest Free Days Credit Card is a business card designed to ease cash flow on a day-to-day basis with up to 55 days interest free on purchases. Also on offer is easy online management and transaction tracking, plus complimentary insurance cover in the form of Transit Accident Insurance and Unauthorised Transaction Insurance.

What we love...

One of the standout features on the CommBank Business Interest Free Days Credit Card is its up to 55 days interest free on purchases.

Designed to offer a cash flow tool for small business owners, the card can also be a money-saver, offering up to 55 days interest free on purchases. It also makes dealing with BAS much easier, as it separates your business spending from your personal spending, while also allowing for integration with your online accounting software, such as Xero or MYOB.

Unlike some business loan products, this card offers an easy application process, which can be completed online, with no need to provide business financials. Depending on your eligibility, the card can offer credit limits starting at $500, reaching all the way to $50,000. Throw in that purchase offer, and this could provide you with the funding your business needs – as long as you pay it all off by the time the intro period ends.

In terms of account management, CommBank makes this super easy. Using tools such as CommBiz or NetBank, you can request online statements, establish automated payments, order cards and change daily withdrawal limits. Keeping track of transactions is also simple, with instant transaction updates and transaction location mapping.

Control over cardholder spending can be achieved using the CommBank app or on NetBank, allowing you to instantly lock international payments, block ATM cash advances and limit your spending. You can also stay in control of your account by making use of the card’s alerts and payment reminders.

As a business owner, you can benefit from some added peace of mind, with complimentary Transit Accident Insurance and Unauthorised Transaction Insurance. And if you choose, you can add your business name beneath the cardholder’s name on your credit card.

What’s not so great...

The CommBank Business Interest Free Days Credit Card has a pretty average purchase rate and a reasonable annual fee for what it has to offer, so there’s not much to complain about there. If you want to keep costs down though, clear your balance after the intro period ends to take advantage of the 55 day interest free feature, to keep interest payments at zero.

Why should you choose this card?

Most new cardholders will be attracted to the CommBank Business Interest Free Days Credit Card for its purchase offer. And why not? A year is a good long time to enjoy paying no interest on purchases, so it could give you the opportunity to buy something big and pay it off before interest starts accruing.

Aside from its offer, the card could work well for small business owners who want a low cost card that offers the basics. There are no rewards programs tempting you to spend, and no features to get caught up in. If, however, you want extras to make business travel more comfortable, or the opportunity to earn rewards on your business spend, another card may suit you better.

Overall Rating

Take advantage of the CommBank Business Interest Free Days Credit Card to easy cash flow and you can benefit from up to 55 days interest free on purchases.

(showing the latest 10 Q&As)

Commonwealth Bank Business Interest Free Days Credit Card

The Commonwealth Bank Business Interest Free Days Credit Card comes with complimentary Transit Accident Insurance and Unauthorised Transaction Insurance.

Key features

  • Up to 55 interest free days on purchases
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)
  • Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia. Temporary residents are eligible.
  • You have your personal details ready to complete the online application
Commonwealth Bank Business Interest Free Days Credit Card
Commonwealth Bank Business Interest Free Days Credit Card

Commonwealth Bank Business Interest Free Days Credit Card

Updated 18 June 2019

Purchase Rate (p.a)

17.57%

Balance Transfer (p.a)

5.99% for 5 months No BT fee. reverts to 17.57% p.a.

Annual Fee (p.a)

$60

$0 over 5 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Up to 55 interest free days on purchases

  • Additional cardholders at $60 p.a.

Creditcard.com.au review

Editor Review

Commonwealth Bank Business Interest Free Days Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The CommBank Business Interest Free Days Credit Card

The CommBank Business Interest Free Days Credit Card is a business card designed to ease cash flow on a day-to-day basis with up to 55 days interest free on purchases. Also on offer is easy online management and transaction tracking, plus complimentary insurance cover in the form of Transit Accident Insurance and Unauthorised Transaction Insurance.

What we love...

One of the standout features on the CommBank Business Interest Free Days Credit Card is its up to 55 days interest free on purchases.

Designed to offer a cash flow tool for small business owners, the card can also be a money-saver, offering up to 55 days interest free on purchases. It also makes dealing with BAS much easier, as it separates your business spending from your personal spending, while also allowing for integration with your online accounting software, such as Xero or MYOB.

Unlike some business loan products, this card offers an easy application process, which can be completed online, with no need to provide business financials. Depending on your eligibility, the card can offer credit limits starting at $500, reaching all the way to $50,000. Throw in that purchase offer, and this could provide you with the funding your business needs – as long as you pay it all off by the time the intro period ends.

In terms of account management, CommBank makes this super easy. Using tools such as CommBiz or NetBank, you can request online statements, establish automated payments, order cards and change daily withdrawal limits. Keeping track of transactions is also simple, with instant transaction updates and transaction location mapping.

Control over cardholder spending can be achieved using the CommBank app or on NetBank, allowing you to instantly lock international payments, block ATM cash advances and limit your spending. You can also stay in control of your account by making use of the card’s alerts and payment reminders.

As a business owner, you can benefit from some added peace of mind, with complimentary Transit Accident Insurance and Unauthorised Transaction Insurance. And if you choose, you can add your business name beneath the cardholder’s name on your credit card.

What’s not so great...

The CommBank Business Interest Free Days Credit Card has a pretty average purchase rate and a reasonable annual fee for what it has to offer, so there’s not much to complain about there. If you want to keep costs down though, clear your balance after the intro period ends to take advantage of the 55 day interest free feature, to keep interest payments at zero.

Why should you choose this card?

Most new cardholders will be attracted to the CommBank Business Interest Free Days Credit Card for its purchase offer. And why not? A year is a good long time to enjoy paying no interest on purchases, so it could give you the opportunity to buy something big and pay it off before interest starts accruing.

Aside from its offer, the card could work well for small business owners who want a low cost card that offers the basics. There are no rewards programs tempting you to spend, and no features to get caught up in. If, however, you want extras to make business travel more comfortable, or the opportunity to earn rewards on your business spend, another card may suit you better.

Overall Rating

Take advantage of the CommBank Business Interest Free Days Credit Card to easy cash flow and you can benefit from up to 55 days interest free on purchases.

User reviews

Commonwealth Bank Business Interest Free Days Credit Card ( based on 1 Creditcard.com.au user review )

26% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 17.57% p.a.

Cash advance rate 17.57% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 5.99% p.a. for 5 months

Balance transfer revert rate 17.57% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit 100% of approved credit limit

Banks you can't balance transfer from Commonwealth Bank

Credit limits

Minimum credit limt $500

Maximum credit limit $50,000

Fees & repayments

Annual fee $60 p.a.

Additional card holder fee $60 p.a.

Foreign transaction fee 3%

Minimum repayment $25 or 2%

Cash advance fee 2%

Late payment fee $20

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Unauthorised Transaction Insurance

Overview

Commonwealth Bank Business Interest Free Days Credit Card

The Commonwealth Bank Business Interest Free Days Credit Card comes with complimentary Transit Accident Insurance and Unauthorised Transaction Insurance.

Key features

  • Up to 55 interest free days on purchases
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)
  • Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

Similar Credit Cards

American Express Qantas Business Rewards Card

American Express Qantas Business Rewards Card

3 reviews

Apply by 6 Nov 19

More info
$0 saved over months
Your savings
$ saved over months
Calculate your savings icon
American Express Velocity Business Charge Card

American Express Velocity Business Charge Card

2 reviews
More info
$0 saved over months
Your savings
$ saved over months
Calculate your savings icon
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.