CommBank Low Rate Credit Card ($6 Monthly Fee): $100 Monthly Cashback for 4 Months with $500 Monthly Spend @ CommBank Yello
I think this is the best low credit limit, low spend cashback credit card sign up bonus going around right now. Between $358-376 profit depending on whether you have to wait the entire 90 days for the last cashback to be credited before closing the card. Looks to be just below the NAB Low Rate and ANZ Platinum in terms of profit per dollar spent, and better than both in terms of total profit per card/credit limit, just with a few more hoops:
As you need to be have Yello benefits unlocked at the time of applying for the offer, you need to unlock at least the first tier before accessing the offer. This is done by opening a transaction account and doing 5 x transactions in the month prior. I just did 5 x 1 cent split payments at Woolies self checkout last month and unlocked Yello this morning and applied.
Important details about the spend criteria from the website:
"The monthly spend criteria is based on four successive 30 day periods and the monthly cashback amount will be awarded when you spend $500 or more, minus any cash advances or refunds, in a month for the first four months. Your first 30 day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period.
Cashback will be credited within 90 days of you meeting the spend criteria each month and will appear on your statement as either ‘CASHBACK $100’ or ‘CASHBACK $60’. Cashback only available on one credit card per customer. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account."
I also ran out of space in the title to mention that this card also has a very accessible $500 minimum credit limit which appeals to hardcore churners. It also has 0% p.a. for purchases for the first 3 months.
https://www.commbank.com.au/credit-cards/low-rate.html?ei=lowrate_lr_tellmemore
