Commonwealth Bank Low Rate Credit Card

On website

Commonwealth Bank Low Rate Credit Card

Balance transfer


Purchase rate

3 months at 0% p.a.

Annual fee

$72.00 p.a. ongoing


  • Experience 0% p.a. on purchases for the initial 3 months + potential cashback of up to $240 upon fulfilling the criteria.
  • Annual fee of $72 p.a. remains.
  • Enjoy up to 55 days interest-free on purchases.

Pros and cons


  • Earn cashback when you meet the criteria.
  • Enjoy 0% p.a. on purchases for 3 months.
  • Up to 55 days interest-free on purchases.


  • No rewards program.
  • There is a 3.5% international transaction fee.

About this credit card


Card usage

Apple Pay Enabled
Card Type
Gambling Transactions Allowed
Samsung Pay Enabled


Joint Application Accepted
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
Temporary Residents Accepted

Additional cardholders

Additional Cardholders
Additional Card Fee Ongoing

Credit limits

Minimum Credit Limit
Maximum Credit Limit


Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage

Balance transfers

Balance transfer offer

Balance Transfer Rate
Balance Transfer Period
Balance Transfer Fee Percentage

Balance transfer conditions

Balance Transfer From Personal Loan
Balance Transfer Limit Percentage
Balance Transfer Revert Rate

Rates, fees, charges

Cash advances

Cash Advance Rate
21.99% p.a.
Cash Advance Fee
Cash Advance Fee Percentage
Cash Advance Fee Threshold


Purchase Rate Introductory Offer
Purchase Rate Introductory Period
3 months
Purchase Rate Ongoing
13.99% p.a.

Account fees

Annual Fee Initial Year
Annual Fee Ongoing
Dishonour Fee
Duplicate Statement Fee
Foreign Exchange Fee Percentage
Late Payment Fee


Rewards program basics

Rewards Program
Rewards Program Annual Fee Initial Year
Rewards Points Expiry

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
Government Rewards Points Earn Rate
Overseas Rewards Points Earn Rate

Additional perks


Cardholder's Domestic Hotel Burglary Insurance
Cardholder's Extended Warranty Insurance
Cardholder's International Travel Insurance
Cardholder's Interstate Flight Inconvenience
Cardholder's Personal Item Theft Cover
Cardholder's Price Protection Insurance
Cardholder's Purchase Protection Insurance
Cardholder's Refund Protection
Cardholder's Transport Accident Insurance

Travel and lifestyle

Airport Lounge Access Included
Concierge Service Included
Complimentary Flight Voucher Included
Complimentary QFF Membership Included

Our review


Customer service

Rates and fees



The basics

  • Additional cardholders. Get an additional card at no extra charge.
  • Digital wallets. Commonwealth Bank is the only one of Australia's big four banks to offer its own branded credit card for Apple Pay, Google Pay, and Samsung Pay. As this card is issued by Commonwealth Bank, it's only available to Commonwealth Bank customers.
  • Gambling transactions. The Commonwealth Bank Low Rate Credit Card does not allow for gambling transactions.

Rewards and benefits

  • Complimentary travel insurance. This card does not have complimentary international travel insurance.
  • Concierge services. The Commonwealth Bank Low Rate Credit Card does not provide a concierge service.
  • Insurances. The Commonwealth Bank Low Rate Credit Card comes with Complimentary Purchase Security and Extended Warranty.
  • Rewards points. The Commonwealth Bank Low Rate Credit Card does not have a rewards program.
  • Sign-up bonus. The Low Rate Credit card from Commonwealth Bank does not have a signup bonus offer at the moment.

Rates and fees

  • Annual fee. This card's annual fee is $72 p.a.
  • Balance transfers. Commonwealth Bank Low Rate Credit Card has no introductory balance transfer offer at the moment.
  • Cash advances. Cash advances (including withdrawals made using a credit card machine) incur interest at 21.99% p.a. from the transaction date.
  • Foreign exchange fee. 3.5% foreign currency transaction.
  • Interest-free period. This card offers 55 days interest-free on purchases. The interest-free period doesn't apply to Cash Advances, Balance Transfers, or Special Promotions.
  • Purchases. Enjoy 0% p.a. on purchases for 3 months. Reverts to the low variable interest rate on purchases of 13.99% p.a.


Reviewed by Credit Card Compare Staff

User reviews


Customer service

Rates and fees



Great card easy to use

Reviewed by Happy Customer

Easy, secure and convenient

Reviewed by Ellis Tang

Ideal for the occasional spender

Reviewed by Mickey P

Very happy with this card

Reviewed by Thumbs up

Cheap annual fee

Reviewed by Avani

Very pleased with the card

Reviewed by Aprajita

Reasonably satisfied with the card

Reviewed by Anon

I'm very happy I joined

Reviewed by Sarah

Best bank ever

Reviewed by Jessica

Good to have this credit card

Reviewed by Mr X

Master of all cards

Reviewed by kristy

Average credit card

Reviewed by Justine

Happy, would recommend

Reviewed by Moura

Pleased and satisfied

Reviewed by Mandy Young

Very pleased with this card and the low fees

Reviewed by Zara

Generally fairly satisfied with this card

Reviewed by Alice

Very pleased with this credit card

Reviewed by Sylvia Marino

A good basic card if you don't need rewards

Reviewed by nat85

Pretty good for my needs

Reviewed by Tom

Overall I'm fairly happy with this card

Reviewed by Ky's

Simple and helpful

Reviewed by Greg


Reviewed by Anon

Consistent satisfaction

Reviewed by Tyson

A good basic card

Reviewed by Christie

Very pleased with this card

Reviewed by Ashlee

Would recommend

Reviewed by Jess

Ok card no major complaints

Reviewed by Chris

Credit with a low monthly rate

Reviewed by Blossom

I wish I had never increased the limit

Reviewed by Erica

Card needs a new name of high fee instead of low

Reviewed by Alexandra

It's a great card!

Reviewed by Alice

Gold free travel insurance

Reviewed by Barbiedoll99

Have had this card for a long time & am pleased

Reviewed by John

I have saved a lot so far using this card

Reviewed by Kellie McGoldrick

Works very well

Reviewed by Michelle

I've never had a different credit card

Reviewed by Julia


Reviewed by Alan Merrington

Has been handy

Reviewed by Adam

I love my credit card

Reviewed by Jessie

Low rate and convenient

Reviewed by Thuy

Good low rate card

Reviewed by Rachael

I wish I never had it

Reviewed by Stephanie


Reviewed by Paul

Overall the best I have had so far

Reviewed by Amanda

Lower rate card

Reviewed by Sally

Great $250 cash back offer

Reviewed by Carmel

Best one of them all

Reviewed by Frances

Comparatively low interest rate and no frills

Reviewed by Jeremy


Reviewed by Dee


Reviewed by Kelli

Convenient and widely accepted

Reviewed by Gerasimos

I wish I never got this card

Reviewed by Lauren

Good service and a good deal

Reviewed by shaun

Annual fee Increases

Reviewed by Catherine

Simple low-fee card

Reviewed by Rita

Good card, OK rates, but no reward incentives

Reviewed by Rachael

Pays to shop around

Reviewed by Wendy

Low rate on purchases and cash advances

Reviewed by Marco

CBA no frills credit card

Reviewed by Katherine

Low interest everyday card

Reviewed by Rachael

Easy bill paying

Reviewed by Sophie

No hidden costs

Reviewed by Alice

Pretty great card, but no rewards

Reviewed by Art

Good rates, easy to apply

Reviewed by Jackie

Convenient, and good for emergencies

Reviewed by Alan

intrest rate is low

Reviewed by Alpha

Convenient and safe

Reviewed by Iolanda

No rewards, but no annual fee if you spend $1000

Reviewed by Robert

I saved a lot of money with this credit card

Reviewed by Betty

This card is great in a pinch, but not otherwise

Reviewed by Selene

Handy to have for emergencies

Reviewed by Isobelle

Low interest rate, no rewards

Reviewed by D

OK as an everyday card

Reviewed by Renae

Zero interest period on purchases can be a trap

Reviewed by Shanna

Card gave me independence

Reviewed by Nicole

No rewards and only 45 days interest free

Reviewed by Ven

Manageable card for a young person

Reviewed by Jaidyn

Annual fee is high, but otherwise a good card

Reviewed by Hilda

Fits my needs perfectly

Reviewed by Jackson

Useful for day-to-day purchases

Reviewed by Grace

Nice first credit card, but low rewards

Reviewed by Russell

Misleading advertisement

Reviewed by Courtney

Understanding, patient and explain everything

Reviewed by Jessica

Cheap card, gives me flexibility

Reviewed by Kerry

i wish they would allow limit increases as needed

Reviewed by Melinda j

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