Commonwealth Bank Low Rate Credit Card

On website

Commonwealth Bank Low Rate Credit Card

Balance transfer

N/A

Purchase rate

3 months at 0% p.a.

Annual fee

$72.00 p.a. ongoing

Highlights

  • 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

Pros

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

Cons

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

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Mastercard
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
1
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$500.00
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
21.99% p.a.
Cash Advance Fee
$4.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
0%
Purchase Rate Introductory Period
3 months
Purchase Rate Ongoing
13.99% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$72.00
Dishonour Fee
N/A
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3.5%
Late Payment Fee
$20.00

Rewards

Rewards program basics

Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

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.

account

Reviewed by Credit Card Compare Staff

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

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


Great!

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


Good

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


Ok

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


Satisfied

Reviewed by Dee


Easy

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


Would you like to review this product? Click here to write your review and help others make a better decision.

This credit card is listed in these comparisons