If you value the general features of how to apply for the CommBank Yello with an accessible limit and some extra perks, this could be a good fit for you.
The CommBank Yello suits people looking for a simple payment tool, backed by an experienced company.
If you’re already a customer but don’t have the card or want to upgrade, you can request it through the app. If you’re a new customer seeking approval, here’s what you’ll need.
What you’ll need:
✅ Be at least 18 years old
✅ Have the legal right to work in Australia
✅ No adverse financial history like bankruptcy/insolvency
✅ Accept all terms and conditions
Essential documents and details for credit assessment:
- Proof of income such as payslips or bank statements.
- A list of regular expenses and current debts, like loans and other credit cards.
- Visa details if you’re not a permanent resident.
What will my initial credit limit be?
Yello starts with at least a $500 credit limit for purchases, but everyone can receive a personalised offer based on their credit profile, income, and other relevant details used by the bank in their assessment.
Keep in mind this is a low-cost card, so the credit limit tends to be lower compared to other cards. However, as you build a good relationship with the bank, you could be offered more credit or future upgrades.
How to apply for the CommBank Yello
- Provide personal details like your full name, age, residential address, and other basic information.
- Set up a password you’ll use to log into the app, review all the information, and tap OK if everything’s correct.
- The next stage is about the info needed for your credit assessment, so tell them about your job, income, and other relevant data.
- Then, you’ll select the low fee credit card and verify your documents to confirm the application.
- After this, the assessment begins, and in a few moments, you’ll get the response.
How to activate your CommBank Yello
Once approved, register in the CommBank app to activate your card as soon as you receive it.
If you opted for an additional card, only you can unlock it, alright?
Just log in, go to the “Cards” menu, swipe to find yours, and tap “Activate.”
If you need help or have questions about any steps, contact customer service at 13 2221 or through the app’s chat.