Commonwealth Bank Low Fee Credit Card | Review & Apply

Commonwealth Bank Low Fee Credit Card

What do you want this card for?
Save money
Earn points
Card features
balance transfer
purchase rate
annual fee
Commonwealth Bank Low Fee Credit Card
No annual fee of $0 p.a. for the first year and for each subsequent year (terms and conditions apply).
Faster way to purchase under $100 at the shops using Mastercard® PayPass.
Up to 55 days on purchases
Add to comparison
5 months
5.99% p.a.
then 21.24%
with a 0% fee
19.74% p.a.
1st year
then $29

Pros & cons

What's good?

What's not so good?

No annual fee of $0 p.a. for the first year and for each subsequent year if you spend $1,000 or more in the previous year.
Award winning Internet Banking and Mobile Apps to make it easier to manage your account.
Faster way to purchase under $100 at the shops using Mastercard® PayPass.
Up to 55 days on purchases
Enable for Apple Pay, Google Pay or Samsung Pay.
Ongoing interest rates on purchases and cash advances are quite high.
You’ll find better balance transfer offers on other cards.
No perks or rewards on this card.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.6 out of 5.0 based on 69 reviews90% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Outstandingly low fees

Reviewed and recommended by Emma on 02 May 2017

The fees on this card are truly outstanding in comparison to any other credit card I have previously had. There are almost next to no annual fees, and cash advance and monthly fees are always very low. I would recommend this card to anyone to who is wanting to pay their credit card off.

Low fees, regular updates, great service

Reviewed and recommended by Tamika on 02 Dec 2016

This is a great credit card for students. It has low fees, I get sent regular updates, and I have the mobile app on my phone. I can use the deposit ATMs at any time, so it’s very convenient.

If I have any troubles I call and the customer service team help out. I would recommend it to all who dislike high fees and interest.

Superb for travelling without added worries

Reviewed and recommended by Max on 04 Nov 2016

I’m happy with my low fee credit card, as with all purchases made I get a 55 day interest-free period. Also, if I spend a certain amount each year, my annual credit card fee is waived.

Transactions with this card are displayed instantly in real-time too.

Customer support with this card is great. I recently travelled abroad and lost my card. I took advantage of the 24/7 emergency assistance and was looked after then and there.

Expensive if not cleared every month

Reviewed and not recommended by Chantelle on 01 Oct 2016

For a low fee card, interest rates are expensive.

I like and trust CBA security and the fact that I can block overseas transactions using their app.

I’ve had no issues with retailers accepting the card.

The only benefit is the low fee. I would not recommend it to those not in a position to clear the balance each month to avoid interest charges.

Basic card, user-friendly

Reviewed and recommended by Liam on 25 Sep 2016

I have had this card for roughly 3-4 years. I have had no issues with security and the interest rates are fairly reasonable. I would have expected offers for upgrades by now but do not seem to have received them.

As any customer of CommBank is aware, the service is second to none in Australia and the CommBank app is without a doubt miles ahead of the competition. This makes having/using this credit card very user-friendly.

The good and the bad

Reviewed and recommended by Margaret on 22 Sep 2016

My card has no fee if a certain amount is spent. Good
My card is very difficult when trying to increase the credit limit based on asset levels, not income. Bad
My card is bad, as loyalty over over 50 years with the bank is not rewarded.
My card is good if paid off every month.
My card is bad if not paid off every month.

Lots of features to help me stay in control

Reviewed and recommended by Kellie on 22 Sep 2016

I always thought I was the sort of person who couldn’t be trusted with a credit card. Turns out I was right. I was up to my neck in debt and swore I’d never sign up for another credit card. But a friend recommended the Commonwealth Bank Low Fee Credit Card and I’ve never looked back. The minimum credit limit of $500 helps keep my spending in line (and my shoe collection to a minimum!) and I love that it gives me up to 55 interest-free days when I pay it off in full each month — a great incentive.

I’ve been doing a bit of travelling over the past year, so fraud protection and worldwide access via the MasterCard network is a plus. I was quick to access the blocking feature that stops me using my card for ATM cash withdrawals. Overall, I feel more in control of my money and really glad I shopped around for a credit card that suits my lifestyle (and my love of the occasional splurge!).

It helped pay off some of my debts

Reviewed and recommended by Scott on 21 Sep 2016

I don’t like paying a yearly rate but I was told his card has the lowest interest rate and 60 initial days interest free. I was unsure of transferring money onto it from my bank account to lessen the fees and the interest I was charged by the bank itself.

Able to set my own credit limit

Reviewed and recommended by Shannon on 29 Aug 2016

I originally applied for this card because the low fees were attractive, and I know Commonwealth’s policies and procedures as a long-term customer. The repayments on the card are easy to make, and CommBank allowed me to set my own limit pursuant to what I felt I needed.

I like how you can easily access balance and other information easily via the app, and the customer service is always great, both in-store and via telephone.

Great low-fee card

Reviewed and recommended by Alice on 24 Aug 2016

This card is great for people who pay their card off every month. There are no fees, so it doesn’t cost anything, and you can use it online for purchases here and overseas. You don’t earn rewards, but you also don’t have to pay anything.

I have this card because I don’t want to be charged to use my card, and I don’t need a low interest rate card because I always pay it off each month, so the interest rate doesn’t affect me.

Show 59 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.5 months0%100% of credit limit21.24% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
100% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Commonwealth Bank Low Fee Credit Card at the promotional balance transfer rate from:

  • Aussie
  • Commonwealth Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.5 months0%100% of credit limit 21.24% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.77% 21.24% p.a.
Purchases 1.65% 19.74% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$29 p.a.
Cash advance fee
whichever is greater, $3 or 3%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
$4 or 1.75% of the cash advance amount (whichever is greater).
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $15,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Carer's Allowance and Child Support Payments are acceptable.
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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