Commonwealth Bank Low Fee Credit Card

On website

Commonwealth Bank Low Fee Credit Card

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Receive $200 cashback upon application by 1 March 2024, approval, and spending $500 or more monthly for the initial 4 months.
  • No annual fee if spending reaches at least $300 within your statement period.
  • Terms and Conditions apply. Enjoy up to 55 days interest-free.

Pros and cons

Pros

  • Get $200 cashback when you meet the criteria.
  • No annual fee when you meet the spending criteria.
  • Up to 55 days interest-free.

Cons

  • There is no rewards program on this card.
  • No international travel insurance.
  • There's a $3 monthly fee if you do not spend at least $300 in your statement period.

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. Additional cardholders can be added to the account at no extra cost.
  • Digital wallets. The Commonwealth Bank Low Fee Credit Card works with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Commonwealth Bank will not process gambling transactions on any of their cards.

Rewards and benefits

  • Complimentary travel insurance. There is no complimentary international travel insurance on this card.
  • Concierge services. The Commonwealth Bank Low Fee Credit Card does not offer a concierge service.
  • Insurances. This card comes with fraud protection.
  • Rewards points. The Commonwealth Bank Low Fee Credit Card has no rewards program.
  • Sign-up bonus. Get $200 cashback when you apply by 1 March 2024, are approved and spend $500 or more per month on purchases for the first 4 months.

Rates and fees

  • Annual fee. Enjoy a fee-free annual membership, provided you maintain a minimum spending of $300 within your statement period; otherwise, a monthly charge of $3 will be incurred.
  • Balance transfers. The Commonwealth Bank Low Fee Credit Card currently has no introductory balance transfer offer.
  • Cash advances. If you use this card to make a cash advance, you will be charged 21.99% p.a interest.
  • Cash advance fee. The Commonwealth Bank charges $3.00 or 3.00% of the transaction amount – whichever is greater.
  • Foreign exchange fee. The CBA Low Fee Credit Card charges a 3% fee on overseas cash advances.
  • Interest-free period. You'll receive 55 days interest-free on purchases.
  • Purchases. The Commonwealth Bank Low Fee Credit Card does not have any introductory offer for purchases, but it does have a purchase rate of 20.99% p.a.

account

Reviewed by Credit Card Compare Staff

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

I got a credit card for extra money

Reviewed by Rebecca Clarke


Quick response if you get hacked

Reviewed by Sheree


I wish I shopped around first

Reviewed by Shez


Overall quite pleased

Reviewed by Tara


Very good

Reviewed by netdy


Hate having this card now that I'm a pensioner

Reviewed by Nols


Very happy with this card

Reviewed by Jayblz


Quite happy with this card

Reviewed by Alison


MasterCard service and good customer service

Reviewed by Gary


I am closing down this card

Reviewed by Liz Brown


I recommend it

Reviewed by Faiyaazul


Great customer service

Reviewed by Darryl


High interest

Reviewed by Michelle


Generally happy with the card

Reviewed by Member


Quite pleased with this card though fees are high

Reviewed by Julia R


Satisfied with this card

Reviewed by Denise


Best ever

Reviewed by Gidge


Brilliant card

Reviewed by Laurette Power


Very happy with this card and its features

Reviewed by Bugzy


I have had this card for years

Reviewed by Margaret Roberts


Promise

Reviewed by Alison mc


Credit cards are losing their appeal for me

Reviewed by Ken


Very pleased

Reviewed by Susan


The best card if you have got 'everything'

Reviewed by Little Kiwi


An interesting card

Reviewed by Anon


So so

Reviewed by no name


Simple no fee card

Reviewed by David


Never over spending

Reviewed by One Happy Customer


Bargain central

Reviewed by Happy as!


Honest truth

Reviewed by Suzannah


Simple, but effective

Reviewed by Liam


Very pleased

Reviewed by Anon


Lower interest rate than a personal loan

Reviewed by J Lockley


Saved me!

Reviewed by Jasmin


Savvy savings

Reviewed by Gina


Helps when I need to use it

Reviewed by Chrissie


I saved on interest

Reviewed by Suzanne


The credit card for beginners

Reviewed by Skye


This helped with my home renovations

Reviewed by Jody


Okay card

Reviewed by Kathryn


Simple card, no complaints

Reviewed by Kellie


Low cost or no cost if you put $1k through a year

Reviewed by Scott


Very pleased with the cost of keeping this card

Reviewed by Eloisa


Pleased

Reviewed by Tim


No fees saves me a lot, for my spending habits

Reviewed by Jarrad


No fees!

Reviewed by Sab


Good as a backup

Reviewed by Michael


Fairly pleased

Reviewed by Elise


Very pleased with customer service

Reviewed by Dean


Works for me

Reviewed by Melissa


This card is great and the fees are low

Reviewed by Josh


Happy so far

Reviewed by John


Hassle-free with no fees (though no rewards)

Reviewed by John


Problems reducing my limit

Reviewed by Rachel


Generally very pleased with this card

Reviewed by Kellie


Very happy

Reviewed by Karleen


Reliable and trustworthy

Reviewed by Haylee


Quick to get and good rewards

Reviewed by Scot


Saved me a lot of money

Reviewed by Lucinda


Great low-fee card

Reviewed by Alice


Able to set my own credit limit

Reviewed by Shannon


It helped pay off some of my debts

Reviewed by Scott


Lots of features to help me stay in control

Reviewed by Kellie


The good and the bad

Reviewed by Margaret


Basic card, user-friendly

Reviewed by Liam


Expensive if not cleared every month

Reviewed by Chantelle


Superb for travelling without added worries

Reviewed by Max


Low fees, regular updates, great service

Reviewed by Tamika


Outstandingly low fees

Reviewed by Emma


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