Commonwealth Bank $100 Jumponit Deal Pay $1 for $100 back if a Low Rate credit card application is approved!

Commonwealth Bank has come up with a rather unique way of generating more customers for its credit cards.

It has teamed up with JumpOnIt to offer $100 back if you get approved for a credit card. You have to pay $1 for the priviledge!

May be worth it if you're after a Low Rate Credit Card but remember there is an annual fee of $78 but it does offer an interest rate of 13.49% on purchases.

Still when you consider the annual fee you're only getting $20 when you take the $1 into account.

You can get a card from ME bank with only $39 fee & 12.25% interest rate or Bankwest with an annual fee of $59 with an interest rate of 10.75% with an introductory rate of 5.99% for 1 year!

So it may not be the greatest deal out there but something to think about.

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