The CommBank Business Interest-Free Days Credit Card has a $60 annual fee per cardholder and can be integrated with MYOB, Xero or QuickBooks accounting software.
CommBank Business Interest-Free Days credit card
Terms and conditions apply
- Purchase rate
- 17.57% p.a.
- Annual fee
- $60 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Manage your business spending and cash flow with up to 55 days interest-free on purchases and the option of additional cardholders.
Pros
-
Offers a credit limit of up to $50,000, which is subject to application criteria and approval
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Access to cashback offers promotions through the Commonwealth Bank Awards CommBank Yello Cashback Offers program
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Comes with a competitive interest rate of 17.57% p.a. on cash advance transactions, such as ATM withdrawals or payment for travellers cheques
Cons
-
No rewards program, so you don't have the option of earning rewards points on your business purchases.
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The additional cardholder fee of $60 is expensive considering other providers offer additional cards for free.
Details
Product details
| Product Name | CommBank Business Interest-Free Days Credit Card |
| Purchase rate p.a. | Purchase rate p.a. 17.57% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 17.57% |
| Min credit limit | $500 |
| Max credit limit | $50,000 |
| Card type | Mastercard |
Eligibility
| Available to temporary residents | Yes - Conditions apply |
| Joint application | Yes |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | Annual fee $60 |
| Minimum monthly repayment | 2.5% of the closing balance or $75, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee | Foreign currency conversion fee 3% |
| Cash advance fee | 1.5% or $2.50, whichever is greater |
| Overseas cash advance fee | $4.00 or 1.5% of the cash advance amount (whichever is greater) |
| Additional cardholder fee | $60 |
| Number of additional cardholders | 1 |
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Amy Finder
Editor
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May Finder
October 28, 2016
Hi Ryan,
Thank you for your comment.
Although the cashback promotion was not mentioned on CBA’s page, but we can confirm that with the Commonwealth Bank Business Interest-Free Days credit card, you’ll be able to get the $250 cash back offer by meeting the following:
1. You are a new customer and have not held any CBA business credit card before
2. You apply for this card by 31 October 2016
3. Once approved, you spend $500 on eligible purchases using your new Business Interest-Free Days credit card by 31 December 2016
If you wish to apply to take advantage of the cash back offer, please review the criteria and click on the green ‘Go to site’ button above.
Cheers,
May
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Richard
June 11, 2012
Can this card be linked to a frequent flyers program?
Jacob Finder
August 01, 2012
Hi Richard. The Commonwealth Bank Business Interest Free Days Credit Card doesn’t earn reward points, but rather gives cardholders access to discounts on certain products. These discounts are currently offered on some Commonwealth bank, Dell, Toll Priority and Cellarmasters products. Frequent flyer accounts can’t be linked to this card, although they can be linked to the Business Awards credit card. Thanks for your question.
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Ryan
October 27, 2016
When you check the CBA website it says nothing about the $250 cash back offer. Are you sure that the $250 cash back offer is still being offered? Why wouldn’t CBA promote this on their site?