Virtual Cards

Virtual Cards are a streamlined travel and procurement management solution, which provides large businesses the ability to take advantage of extended payment terms, transaction level payment security, and transaction level data through the deployment of single-use virtual cards.
Category: Credit and Charge Cards  Last Updated June 3, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a product. Additional Information
Interest Rate
NA PA
Comparison Rate
NAPA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  , PURCHASE, 17.99%
  • Lending Rate Type: Purchase
  • Interest Rate: 17.99%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:

 Product Features

  • Additional Cards Additional Information: Card numbers are generated dynamically for each payment that is made, with an unlimited number able to be created. No physical card is issued on this account.
  • Bill Payment Additional Information: The full balance will be automatically swept from the nominated bank account on the settlement date.
  • Insurance Additional Information: Complimentary transit accident insurance up to $250,000 for cardholders.
  • Insurance Additional Information: Complimentary Unauthorised Use insurance up to $150,000 a year.
  • Digital Banking Additional Information: Regardless of your business structure and needs, we have an online banking solution that will suit you.
  • Other Additional Information: Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.

 Product Eligibility

  • Business
  • Other Additional Information: Each application for credit is assessed on the ability of the business to service debt (limit) based on the financials supplied in the application. Suitability of the product is assessed through a workshop process between the client and the bank.

 Bank Fees and Charges

  • International Transaction Fee (Transaction), Amount: Not Listed.. Additional Information: Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance charge will also apply. Also applies to purchases while the accountholder is overseas, or while they are in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas. Please note additional fees may be charged by the overseas merchant.
  • Cash Equivalent Items Or Cash Substitutes Cash Advance Charge (Purchase), Amount: 1.25. Additional Information: While no physical card is available to withdraw cash, the bank charges interest (17.99%) for customers using their Virtual Cards for a cash equivalent item or cash substitutes. Cash equivalent items or cash substitutes include the purchase of travellers cheques and foreign currency, e.g. Travelex, as well as online gambling, e.g. Sportsbet, Pokerstars, Online Lottery and TAB.
  • Establishment Fee (Event), Amount: 600.00. Additional Information: Establishment fee when offer for Product is accepted
  • Annual Fee Per Card (Periodic), Amount: 120.00. Additional Information: The disclosed annual fee amount per card is the fixed fee we have agreed with you. The fee for each card will be charged to each card on the facility anniversary date. Where a card is established between anniversary dates, a prorated fee is applied for that year.

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