Discovering CBA credit card cash advance fees can be shocking. I recently learned this when a $4 charge appeared on my Commonwealth Bank Australia credit card statement for buying lottery tickets. This unexpected fee highlights an important aspect of credit card usage that many cardholders overlook.
Understanding CBA Credit Card Cash Advance Fees
Commonwealth Bank classifies certain purchases as cash advances. These trigger immediate fees and higher interest rates. According to the CBA fee schedule, cash advances include more than just ATM withdrawals.
Types of Cash Advance Transactions
| Transaction Type | Fee Applied |
| Lottery Tickets | $4 |
| Gambling | $4 |
| Money Transfers | $4 |
How to Avoid Cash Advance Fees
- Use debit cards for lottery purchases
- Pay with cash for gambling transactions
- Check your card’s terms and conditions
Smart tip: Always use your debit card for lottery purchases to avoid the $4 CBA cash advance fee.
Managing Your CBA Credit Card Wisely
Understanding these fees helps you make better financial decisions. The ASIC MoneySmart website offers additional guidance on responsible credit card use.
Remember to review your statements carefully and plan your purchases accordingly. Your wallet will thank you!