Commonwealth Bank Low Fee Gold Credit Card

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

  • Get $250 cashback when you meet the criteria.
  • Enjoy $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 cover for up to 3 months travel.

Cons

  • There are no rewards programs on this card.
  • New applications for this card have been stopped.

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.

account

Reviewed by Credit Card Compare Staff

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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