Don’t spend money you haven’t got.
I worked out, this was better for me than paying for credit. Commonwealth website makes it easy to check transactions any time. Payments can be set for specific dates. It’s simple to use and ensure you’ve enough credit to cover expenses. I’m able to manage without credit.
MrsThriftySouth East Queensland, QLD
- 55 reviews
- 12 likes
Great card - especially for those who find budgeting difficult.
I've had a Commonwealth Bank Debit Mastercard for a few years now. I wouldn't use anything else. Have never had a credit card, & don't want one either. A debit card is fantastic for people who find it hard, if not impossible, to budget, or don't know how to manage money at all.
I am "old fashioned" in that I still use cash. I will get a wad of money out of the ATM, take it home, put it in a secret place where no one can find it, & each time before I go out somewhere, I will put just enough cash into my purse for that particular shopping trip....I can't overspend then. When the money's gone from my purse, its gone until the next time I'm out somewhere. I find this system very good indeed. Stops me from wasting money on frivolous things. I've never been an impulse buyer & have always lived a very frugal life, but at the same time, haven't gone without things I need/want. I use cash for everything - the supermarket self-serve checkouts, Just Cuts, petrol, the newsagent, fruit shop, butcher etc. I pay most of my bills with cash too. At the post office. The only time I usually use my debit card is when I visit my dentist. And then I'm all at sea, cos the card machine is foreign to me :) The receptionist is great & helps me thru the process each time :) I'll continue to use cash for everything until we become a totally cashless country. Using cash is the only sure-fire way I know to budget. And budget successfully. Credit cards shouldn't be used by anyone who can't manage their money. It's no surprise to me that we owe billions of dollars in credit card debt in this country. Budgeting is not hard. You just have to know how to do it. Places like My Budget are a good place to start. There's lots of online help too.
Handy For Online Buying
I find the Commonwealth debit Master Card very handy to use online when purchasing through Pay Pal, eBay, Amazon, and any other online stores.
I use it when paying bills with BPay and any other organisation which is easily done.
The Commonwealth Bank app is easy and simple to use when using this card.
I'm unsure what the reviewer cheesedOof was talking about when they said that couldn't get cash out, and that they had to push the 'credit' button. I've always been able to get cash out, and I use the 'savings' button, not credit. This is a great card, it makes online and everyday transactions easy.
I got this card so I could shop online, and it's been great. I've had it for about 6 months now and I've never had any problems with it. Every website I've been to has accepted it. When I switched to this card it arrived within a week, and the customer service at my local branch was great.
brilliant! i signed up as soon as it came out a couple of weeks ago and most of my friends did too. so easy to use and you don't get into debt! the staff at my local branch were pleasant and helpful, my card arrived within the week. love this, highly recommend!
purchase things online or over phone using your own money
protection and versatility of mastercard
NO monthly account keeping fee for 18-24 year olds
option to change streamline over (so no changing account numbers for pay, direct debits etc) or open new account
Questions & Answers
I applied for MasterCard three weeks ago but I haven’t get it yet..When will I get it?
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.