This offer is not as good as the recent ones from ME Bank but there will be many people on Ozbargain who already have an Everyday account at ME Bank and so would not be eligible even if they came out with anything 5% cashback offer.
Commonwealth Bank is offering 5% cashback on contactless purchases (under $100) for three months on all new personal and personal liability business credit cards from card activation. Whilst not available on existing credit card accounts, it would appear it is available for existing customers.
There is a maximum cashback amount of $50 per month which equates to a monthly spend of $1000 and a maximum rebate about of $150. It looks as if the credit will be appled monthly rather than after each transaction.
Some of the credit cards this is available on are:
- Low rate - $59 annual fee
- Low fee - no annual fee first year and waived annual fee when more than $1000 is spent per year
- Awards - $59 annual fee - comes with an American Express for all of those Amex offers
Fineprint: 5% Cash Back offer is capped at $50 per month and applies to contactless purchases under $100 made during the first 3 months from card activation and is available on all new Personal and Business (personal liability) credit cards applied for between 31 July 2015 and 30 September 2015, with the card being activated by 31 October 2015. This offer is not available on Corporate, Business Liability Business and existing credit cards, can be withdrawn at any time at the Bank’s discretion, and cannot be used in conjunction with any other offer. The 5% cash back will be credited to your account monthly, with the first amount credited to your account within 60 days of activation, and the remaining two amounts credited approximately monthly thereafter, provided your account is not closed or in default at any time prior to the cash backs being credited. The 5% Cash Back will appear on your statement as 5% Cash Back. You will remain eligible for the 5% Cash Back in a subsequent month even if you do not complete a contactless purchase for a month. Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable.
wow. an actual credit card offering cashback promotion.
thats a first!