The Commonwealth Low Rate Credit card

Very low interest rates, reward points, or even interest-free introductory periods are key features that attract shoppers’ attention when they are shopping for a new credit card. The Commonwealth low rate credit card fits the bill, sporting a 13.49% p.a. interest on purchases that is sure to catch the eye of many a consumer. But the benefits do not stop there.

The Commonwealth low rate card offers an assortment of features, such as:

• Free extended warranty insurance on purchases
• Three months’ worth of complimentary travel insurance for ticket bought with the card
• Purchase security insurance to protect personal credit card details
• Security chip protection
• Access to MasterCard Applause, which is a premier entertainment service

In addition to the 13.49% interest on purchases, card users also receive a 55-day interest-free period and a 5.99% p.a. charged to balance transfers for the first five months. Cash advances are subject to a 21.74% p.a. interest. Prospective low rate credit card holders with a Commonwealth bank account or loan can access this card for an extremely low annual fee of $48; all other card holders must pay an annual fee of $78. Cards for additional card holders are free.

The Commonwealth card also offers efficiency by allowing users to make purchases faster with the MasterCard Paypass program. At select merchants, card users can simply swipe their cards in front of the Paypass reader and be done. No need for a signature or PIN verification. However, Paypass is only applicable for purchases less than $100.

The Commonwealth low rate credit card is a great tool that shoppers should utilise to save money on excessive interest charges. Though the vibrant black and yellow design may turn the heads of consumers, the low interest rate draws them in and the great benefits are sure to make them stay.