Low Rate Credit Card card image
Mini meca 2023

Community First Bank Low Rate Credit Card

Advertiser disclosure
Purchase rate
8.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 8.99% p.a.
Annual fees
$40
Interest free days on purchases
55

Mozo editorial review Community First Bank Low Rate Credit Card - last updated: 5 March 2024

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What's hot
  • 2023 Mozo Experts Choice Award
  • Low 8.99% purchase rate
  • 0% interest on balance transfers for one year
What's not
  • $25 late payment fee
Mozo snapshot

With a 8.99% purchase rate, 0% interest on balance transfers for twelve months, 55 interest-free days on purchases and a low annual fee, the Low Rate Credit Card from Community First Bank comes with all the features of a budget-friendly credit card. In fact, in 2023 it even bagged a Mozo Experts Choice Award for best Low Rate Credit Card. 

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Key features

If you’re likely to carry a balance each month but you're looking to reduce your costs, then the Low Rate Credit Card from Community First Bank could be one of the better options out there. At just 8.99%, the purchase rate is one of the lowest on the market, plus the annual fee is a relatively low $40 and you'll pay 0% interest on balance transfers for twelve months.

If you avoid carrying a balance each statement period then you’ll be able to take advantage of 55 interest-free days on your purchases. And speaking of purchases, you’ll be able to make them using your physical Low Rate Credit Card, or via your phone with either Apple Pay, Google Pay or Samsung Pay. 

Need a credit card you can use internationally? While you’ll definitely be able to take the Low Rate Credit Card on your next trip abroad, just bear in mind that there is a 3.00% foreign exchange margin for overseas purchases. 

It’s also worth mentioning that you’ll only be able to have one additional cardholder, and you’ll want to avoid making late payments otherwise you’ll be hit with a $20 fee. 


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Who is it good for

Given the low purchase rate and annual fee, Community First Bank’s Low Rate Credit Card really is one of the more reasonable credit card options around for cardholders wanting to minimise the amount of interest and fees they pay.

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Any catches

While the cash rate on this card is also on the lower side (comparatively) at 8.99%, it’s generally advisable to use a debit card when withdrawing your own money to avoid paying more than you need to.

Details

Rates and fees information correct as at 15 April 2024 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

8.99% p.a.

none

0% p.a. for 12 months and then 8.99% p.a.

yes

8.99% p.a.

55

Fees

$40.00

none

none

none

$25.00

$2.50

3.00%

$1.50

$20.00

$0.00

Features

$20.00

3.0

1

none

Payment options

Apple Pay, Google Wallet, Samsung Pay

Customer Reviews

How are Community First Bank credit cards rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

About Community First Bank

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23.99% p.a.

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$395

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23.99% p.a.

No current offer

$375

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23.99% p.a.

No current offer

$0

Qantas Frequent Flyer

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No current offer

$0

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23.99% p.a.

No current offer

$0

Velocity Frequent Flyer

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Qantas Ultimate Card

Qantas Frequent Flyer

$450

60,000

1.25 points up to 100,000 points/year, then
1 point uncapped

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Qantas Frequent Flyer

$299

50,000

1 point up to 20,000 points/month

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Qantas Rewards Premium Card

Qantas Frequent Flyer

$250 $150 in the first year

70,000

0.66 points up to $3,000/month, then
0.33 points up to $6,000/month

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American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

20,000

1 point uncapped

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Rewards Signature Card

NAB Rewards

$295 $145 in the first year

160,000

1.25 points uncapped

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American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

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Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

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NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$395 $295 in the first year

120,000

1 point up to $5,000/month, then
0.5 points up to $20,000/month

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NAB

Low Rate Card

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

13.49% p.a.

$59 $0 in the first year

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Citi

Premier Credit Card

0% p.a. for 6 months and then 22.24% p.a.

21.49% p.a.

$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year

Citi Rewards Program

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Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months and then 21.74% p.a.

0% p.a. for 9 months then 20.74% p.a.

$60

Q Rewards

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Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 24 months and then 20.99% p.a.

20.74% p.a.

$149 $0 in the first year

Velocity Frequent Flyer

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More Mastercard

0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$100

Bankwest More Rewards

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NAB

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13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

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American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

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12.99% p.a.

0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)

$99

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9.90% p.a.

No current offer

$59

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8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

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Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months then 20.74% p.a.

0% p.a. for 9 months and then 21.74% p.a.

$60

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Flex Card

0% p.a.

No current offer

$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.

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StraightUp Card

n/a

No current offer

$240 $20/month - waived if no spend & no balance owing

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Community First Bank

n0w Credit Card

n/a

No current offer

$228 Monthly fee is waived if account has a $0 balance and if card isn't used during the calendar month.

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humm90

Platinum Mastercard

0% p.a. for 3 months then 25.80% p.a.

No current offer

$99

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