Commonwealth Bank Low Fee Gold Credit Card
Balance transfer
5 months at 5.99% p.a.
Purchase rate
19.74% p.a. ongoing
Annual fee
$0.00 for 1st year
Highlights
- Get $250 cashback when you apply online and spend $1,000 on purchases within 90 days of card activation.
- Enjoy a $0 annual fee for the first year and for each subsequent year when you spend $10,000 or more in the previous year.
- Overseas travel insurance to give you coverage for up to 3 months of travel.
Pros and cons
Pros
Cons
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can add up to one additional cardholder for a fee of $0. This person will be added to your account and will be able to make purchases with the card. The account holder is still responsible for managing the account.
- Digital wallets. You can pay with this card using Apple Pay, Google Pay, and Samsung Pay.
- Gambling transactions. This card does not allow gambling-related transactions.
Rewards and benefits
- Complimentary travel insurance. The Commonwealth Bank Low Fee Gold Credit Card provides free international travel insurance for eligible cardholders. To activate the policy, the card must have been used to pay for travel costs related to your trip before you leave. Eligibility criteria apply.
- Concierge services. The Commonwealth Bank Low Fee Gold Credit Card does not offer a concierge service.
- Rewards points. This credit card does not have a rewards program.
- Sign-up bonus. Commonwealth Bank Low Fee Gold Credit Card offers $250 cashback when you spend $1,000 on eligible purchases in the first 90 days.
Rates and fees
- Annual fee. The annual fee for this card is $89, with no fee for the first year if you meet the required spend.
- Balance transfers. The Commonwealth Bank Low Fee Gold Credit Card offers a 5.99% balance transfer rate, up to 90% of the approved credit limit for 5 months. After this promotional period ends, any remaining balances will be charged at the revert rate of 21.24%.
- Cash advances. Cash advances with the Commonwealth Bank Low Fee Gold Credit Card are subject to a 21.24% p.a. interest rate and will be charged from the day of the advance being made. Cash advances made with this card will incur a 3% fee, plus applicable interest.
- Foreign exchange fee. There is no foreign transaction fee when you use this card for purchases in a foreign currency.
- Interest-free period. The Commonwealth Bank Low Fee Gold Credit Card offers up to 55 days interest-free on purchases (excluding cash advances) if you pay off your previous balance or make the minimum required payments.
- Purchases. The Commonwealth Bank Low Fee Gold Credit Card does not come with any introductory offer on purchases. Any purchases made will be charged the ongoing interest rate of 19.74% p.a.
Reviewed by Credit Card Compare Staff
History
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Great card, really handy
Reviewed by Dedy
I am satisfied with this credit card
Reviewed by Dijana Shterjovska
No fees, no problems
Reviewed by Narelle
Got this card
Reviewed by Sandra
Convenient for cashflow
Reviewed by Aileen Stinten
Wanting to reduce card amount
Reviewed by Fiona McCoombes
Low fee card
Reviewed by Anon
Pay up, save big!
Reviewed by Scott
OK for what it is
Reviewed by Ronaldo
Generally very pleased with this card
Reviewed by Brooke
No fees, great deal
Reviewed by Heather
Low fee, useful app for paying with phone
Reviewed by Darragh
Fee waived for reaching spending target
Reviewed by Lovish
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