The Commonwealth Bank offers a variety of credit cards to suit most people’s needs and since the it partners with Visa and MasterCard, Commonwealth Bank credit cards can be used for both making purchases and withdrawals from ATM machines.
Types of Commonwealth Bank Credit Card
There are several different Commonwealth Bank credit cards available:
- Commonwealth Bank Low Rate Card
- Commonwealth Bank Low Fee Card
- Commonwealth Bank No Annual Fee Card
- Commonwealth Bank Awards Card
- Commonwealth Bank Gold Card
- and the Commonwealth Bank Platinum card.
Commonwealth also offers a Student credit card for those aged 18 and over who are currently enrolled in an Australian university full time and who currently have a Commonwealth Bank account with student options - Student options are designed to help students save money with features such as no annual fee.
Features of Commonwealth Credit Cards
Commonwealth Bank credit cards offer a variety features and benefits. There is the Pay Pass which offers the cardholder the ability to swipe the credit card in front of a compatible scanner negating the need to sign anything. Successful credit card applicants gain access to on-line banking features so that they can keep track of credit card purchases and their account balance. Commonwealth Bank credit cards include inbuilt security providing fraud alerts, emergency card replacement and 24 hour phone support.
Commonwealth Bank Platinum cards can make your airline purchases for you and in the process pass on significant savings on the price of the tickets. The Commonwealth Awards Card Program gives you awards for purchases made upon them such as shopping and travel - you earn points each time you use the Awards card, which can be viewd on-line in your account statement.
Managing Your Commonwealth Card Account
Managing your Commonwealth Bank credit card on-line is quite simple through the “Net Bank” system. Through Net Bank, you can carry out transactions such as balance transfers with no fee. Commonwealth cardholders do have to register for the Net Bank service, but this is easily achieved by contacting your local Commonwealth Bank branch in person or over the phone, or by registering on-line. You will need your credit card number, PIN number and telephone banking password in order to register.
Net Bank can also help you to pay bills on-line. This feature enables you to pay bills (like electricity, cable) straight from your credit card on a specified date each month. On-line bill payment can make the process of settling your accounts when your bill is due so that you do not have to worry about missing a payment.
Applying for a Commonwealth Credit Card
To apply for a Commonwealth Bank credit card, you must be over age 18, live in Australia, have a good credit score and be able to prove your ability to make monthly payments. You can apply online at Commonwealth Bank’s website, or by completing a paper application and taking it to your local branch. You can also make a preliminary application for a Commonwealth credit card over the phone. The Commonwealth’s telephone banking service is available 24 hours a day, 7 days a week.
Once you have applied for your credit card, you will be notified of the decision by mail or by phone. If your application is approved, you will receive your card in the mail within 10 business days.
N.B. the credit limit on your Commonwealth Bank credit card will depend on numerous factors such as your income and current debt.