Commonwealth Bank Low Fee Gold Credit Card

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My annual fee: 
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Card features
balance transfer
purchase rate
annual fee
Money saved
Commonwealth Bank Low Fee Gold Credit Card
Enjoy $0 annual fee for the first year, for each subsequent year where you spend $10,000 or more in the previous year**.
Overseas travel insurance to give you cover for up to 3 months travel.
Add to comparison
5 months
5.99% p.a.
then 21.24%
with a 0% fee
19.74% p.a.
1st year
then $89
saved over 5 months Plus these benefits
Similar cards

Pros & cons

What's good?

What's not so good?

Enjoy $0 annual fee for the first year and for each subsequent year where you spend $10,000 or more in the previous year**.
Overseas travel insurance to give you cover for up to 3 months travel.
Purchase security insurance to repair or replace most purchases if lost, stolen or damaged within 90 days.
Award winning Internet Banking and Mobile Apps to make it easier to manage your account.
PayPass for faster checkout times at the shops.
The ongoing interest rates on purchases and cash advances are quite high.
There are more competitive balance transfer rates out there.

User reviews

3.8 out of 5.0 based on 14 reviews86% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Fee waived for reaching spending target

Reviewed and recommended by Lovish on 28 Apr 2017

The card comes with few rewards options. The only benefit you get from this card is that you get credit of 45 days when spending.

There are few offers with this card. It seems to me that this card is for those who need credit for cigarettes and wine.

The annual cost of this card is low, and if you spend a certain amount the annual fee is waived. So cost wise it is good.

A great card for someone starting out

Reviewed and recommended by Amelia on 26 Oct 2016

There are no rewards, but as I’m a low spender I wouldn’t benefit anyway. I am a uni student so use this card mostly to build up a good credit history — small purchases like groceries, paid back in full before the fees are charged.

I have a $2000 limit, which gives me the peace of mind to know if I have an emergency I won’t be borrowing money from Mum and Dad.

Low fee, useful app for paying with phone

Reviewed and recommended by Darragh on 22 Oct 2016

The Commonwealth Bank credit cards are great in general due to their integration with their app. This allows for people with newer phones to use their card through their phone fairly easily.

The only issue I have had is the actual card itself is not amazingly durable and I had to replace one after it began to crack and eventually stopped working with some machines.

No fees, great deal

Reviewed and recommended by Heather on 20 Sep 2016

There are no fees, It’s a good credit card, and convenient. I love this credit card. It is what it’s supposed to be, a credit card but with no fees attached. How cool is that? Just pay the balance owing on time every month, and you don’t get charged one cent. I can’t believe ii, but it’s true, and I have had it for years.

Generally very pleased with this card

Reviewed and recommended by Brooke on 28 Jun 2016

This is an everyday use credit card with low fees and a good interest rate. I looked at getting a rewards card with the Commonwealth Bank, but the very helpful person I spoke to in the bank showed me the pros and cons. In the end they helped me choose what was the best for me.

OK for what it is

Reviewed and not recommended by Ronaldo on 21 Jun 2016

Fair return for what I am paying. The card has the basics of what I need: low rates, travel insurance, and a good credit limit for my lifestyle. If the credit card had no annual fee, I think that would be the best. I’d also like it if it earned rewards points, for example with Myer.

Pay up, save big!

Reviewed and not recommended by Scott on 23 Sep 2015

Just put $1000 through in your annual anniversary year and you don’t pay the annual fee. Pay it off before due or when due and avoid interest charges. I keep it as a back up card to use if I forget my ATM card or it doesn’t work. Also the limit on this is high enough, so you can book holidays etc.

Low fee card

Reviewed and recommended by Anon on 08 Sep 2015

Low fee card, convenient and our life saver. They have excellent customer service and an easy way of paying bills. This is a very high security credit card that will always ask for additional security to avoid any fraud, which gives us a peace of mind whenever we use it.

Wanting to reduce card amount

Reviewed and recommended by Fiona McCoombes on 15 Jul 2015

I changed to the Low Fee Gold credit card due to the bonus points being offered and Award cards being included with use of the cards. The fees and costs are still quite high though, especially if you’re not able to pay the monthly outstanding payment each month. However, being able to add Award cards to this card is a bonus, along with extended warranty on any item purchased on the card.

Convenient for cashflow

Reviewed and recommended by Aileen Stinten on 29 Sep 2013

I only have a low credit limit, but this is what suits me for my life style I do not like to have a large debt and the low credit limit suits me so I don’t get myself into much trouble in that way. It is convenient if something pops up before pay day.

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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 Gold 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
$89 p.a.
Cash advance fee
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


This card comes with benefits worth an estimated $906

ShoppingEstimated value
Extended warranty
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
Transaction fee waiver
Cardholders get a CommBank Travel Money Card without paying the usual $15 fee.
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
Total estimated value$906
Annual fee$0
Net customer value$906
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

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 any weekly income
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Carer's Allowance and Child Support Payments are acceptable.
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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