The details shown below are for a card without rewards

The details shown below are for a card without rewards

The details shown below are for a card without rewards

Choose the version of this credit card that suits you best

  • Neo ($22/month - $3,000 Credit Limit)

    Rewards: n/a

  • Neo ($18/month - $2,000 Credit Limit)

    Rewards: n/a

  • Neo ($12/month - $1,000 Credit Limit)

    Rewards: n/a

Purchase rate
0% p.a.
Balance transfer rate
No current offer
Annual fees
$264 $22/month - waived if no spend & no balance owing
Interest free days on purchases
0
Purchase rate
0% p.a.
Balance transfer rate
No current offer
Annual fees
$216 $18/month - waived if no spend & no balance owing
Interest free days on purchases
0
Purchase rate
0% p.a.
Balance transfer rate
No current offer
Annual fees
$144 $12/month - waived if no spend & no balance owing
Interest free days on purchases
0

Mozo editorial review Commonwealth Bank Neo

Last updated: 18 February 2021.

binocular icon
What's hot
  • 0% interest rate
  • No late payment fee
  • No foreign exchange fee
What's not
  • Maximum limit of $3,000
Mozo snapshot

Don’t like interest rates or a whole bunch of fees on your credit card? The innovative Commonwealth Bank Neo might be what you need. Instead of charging interest, with this card you’ll receive 0% for a monthly fee (ranging from $12 to $22). There are also no pesky fees like late or foreign exchange charges. 

key icon
Key features

It’s out with the old style of credit cards and in with the new when it comes to Commonwealth Bank Neo. One of the standout features to this card is that it comes with a 0% interest rate. That’s right, you pay no interest at all! Instead, cardholders pay a small monthly fee for holding the card which is based on the credit limit you choose: 

  • $1,000 limit: $12 per month 

  • $2,000 limit: $18 per month

  • $3,000 limit: $22 per month 


Plus, if you don’t end up using your card within a statement period, no matter your credit limit, CommBank will waive the monthly cost. 

This card also bids farewell to other fees as well, like late payment penalties and international transaction charges. 

snapshot
Who is it good for

Commonwealth Bank Neo could be the perfect option for someone looking to switch up the way they pay for their credit card spending. With 0% interest, minimal fees and a cashback offer, this card is a hot alternative to more traditional options.

question icon
Any catches

Remember, the total annual cost of this card goes up to $264, so remember to budget for that. Plus, this card only allows customers to have a limit of $3,000, so if you are needing a low rate credit card option with a larger limit, check out the CommBank Low Rate Credit Card instead.

Details

Rates and fees information correct as at 27 February 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 0% p.a.

  • none

  • No current offer

  • none

  • none

  • 0

Fees
  • $264.00

  • none

  • none

  • none

  • $0.00

  • n/a

  • 0%

  • $0.00

  • $0.00

  • none

Features
  • none

  • none

  • none

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Other benefits

No interest or late payment fees – just a monthly fee. If you dont make any purchases and have an outstanding balance of $0 during the whole statement period, no monthly fee. Receive $20 cashback for applications made by 31 January 2021 with a purchase made within 30 days of activating the card

Details

Rates and fees information correct as at 27 February 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 0% p.a.

  • none

  • No current offer

  • none

  • none

  • 0

Fees
  • $216.00

  • none

  • none

  • none

  • $0.00

  • n/a

  • 0%

  • $0.00

  • $0.00

  • none

Features
  • none

  • none

  • none

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Other benefits

No interest or late payment fees – just a monthly fee. If you dont make any purchases and have an outstanding balance of $0 during the whole statement period, no monthly fee. Receive $20 cashback for applications made by 31 January 2021 with a purchase made within 30 days of activating the card

Details

Rates and fees information correct as at 27 February 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 0% p.a.

  • none

  • No current offer

  • none

  • none

  • 0

Fees
  • $144.00

  • none

  • none

  • none

  • $0.00

  • n/a

  • 0%

  • $0.00

  • $0.00

  • none

Features
  • none

  • none

  • none

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Other benefits

No interest or late payment fees – just a monthly fee. If you dont make any purchases and have an outstanding balance of $0 during the whole statement period, no monthly fee. Receive $20 cashback for applications made by 31 January 2021 with a purchase made within 30 days of activating the card

Customer Reviews

How are Commonwealth Bank credit cards rated by the Mozo community?

Overall
6.9/10
Price
5.8/10
Features
6.1/10
Customer service
7.0/10
Convenience
7.9/10
Trust
7.2/10
Thumbnail icon for Commonwealth Bank

About Commonwealth Bank

The Commonwealth Bank might be one of Australia's oldest and largest banks, but lately it's determined to do things differently. The Commonwealth Bank reckons it's focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank's wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.

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