Commonwealth Bank Low Fee

Commonwealth Bank Low Fee

Commonwealth Bank Low Fee
3.8

49 reviews

PositivevsNegative
67%22%10%

Transparency
4.1
Customer Service
4.1
Rates and Fees
3.8
Rewards
2.8
Online Experience
4.1
Application Process
4.3
$0 Annual Fee in the first year and waived in subsequent years when you spend $1,000 or more on purchases or cash advances in the previous year
Minimum credit limit of $500
3% International Transaction Fee
No attached rewards program
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Details

CategoryLow Rate Credit Cards and Balance Transfer Credit Cards
Card TypeMastercard
BenefitsReduced First Year Annual Fee
Minimum Credit Limit $500
Maximum Credit Limit $50,000
Minimum Income $15,000
Additional Cardholders 1
Additional Cardholder Fee $0 p.a.
Minimum Repayments2%
Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate19.74% p.a.
Cash Advance Fee2%
Late Payment Fee$20
Annual Fee$29 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$4
Interest Free Period 55 days
Cash Advance Rate21.24% p.a.
Introductory Offers
Introductory Rate 0% p.a. for the first 15 months
Reduced First Year Annual Fee $0
Balance Transfer Rates
Balance Transfer Period 5 months
Balance Transfer Rate 5.99% p.a.
Balance Transfer Fee 0%
Release date
Visit official website

Reviews

49 reviews
Mayur
Mayur6 posts
 

Cheap tactic by commonwealth credit card

I am using comm low rate Gold card nearly year. Suddenly, last month statement small letter specifying your international transaction rate increased 0 to 3.5%. Who reads statement in details? Better to have communication email like other banks. It cause 200 plus additional international transection charges. It happens, no complain, but spreading awareness on cheap banking tactics. Show details
Customer Service
Application Process
Vinny
VinnyPerth, WA2 posts
 
Fatoumo Affi
Fatoumo AffiRichmond-Tweed, NSW
 

Glad I was able to recover the money I lost

Last year I lost quite a huge some of money  after my account got hacked.. the bank turned a blind eye. Was honestly such a horrible experience but I'm glad to say that i've finally been able to recover all the money i lost huge thanks to Payback Service.
I've always been skeptical about asset recovery companies but i'm glad i gave them a chance. If you've also lost money online you should check them out to help you get your money back
Naveed
NaveedOAKLEIGH6 posts
 

Terrible service by commbank

Expensive and the customer care service is extremely bad. Would not recommend them at all. The application is slow and their web ui was broken. Took more than 10 days to process an application. Show details
Transparency
Krunal
KrunalGreater Melbourne (Inner), VIC6 posts
  Fair Incentive

Very good with low fees

Very easy to use the card and also card less transactions with Comm bank. Easy to make payments and transfer money. I will recommend this card to my friends and family.
however it would be best if the card included some extra features like travel insurance (while travelling overseas) etc. Show details
Steph
StephGreater Melbourne (Metropolitan), VIC4 posts
 
Erica
EricaO'Connor 2602, ACT2 posts
 

Credit card for first time user

I got this card after a promotion event. There is no annual fee for the first year and can be waived if you spend 1000 per year. However, the credit is pretty low so I still need to use my debit card. Show details
Rewards
Kat
KatMelbourne6 posts
 

Good No Frills Card

With No annual fee on a low yearly spend this is a good no frills card if you are not interested in earning points or having any other added options. Show details
Rates and Fees
Rewards
Application Process
Keli
KeliAU12 posts
  Fair Incentive

Pretty good

I got this card for a promotion of cashback after $500 spend, with no annual fee. It worked well for the time I used it, and I received the cashback quickly. Show details
Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Kanika
Kanika
 

Great Credit Card for Everyday Use

I use this credit card for everyday grocery shopping, travel tickets. If you spend $1000 per year, the $29 annual fee is waived off. I really like this Mastercard credit card. It has high international transaction fees so not really good for international shopping. Show details
Rewards
Online Experience
Monica
MonicaGreater Melbourne (Metropolitan), VIC
  Verified

Good for salary packaging purposes, but keep in mind no rewards

Essentially a no-fee credit card for me as it's easy to spend $1000 per year and have the fee waived, but it doesn't come with any rewards schemes. Useful for salary packaging living expenses on credit card repayments. I don't use this card overseas because it'd incur 3% international transaction fees. I did not transfer my balance to this card. Show details
Transparency
Sam
SamSouth East Queensland, QLD3 posts
  Fair Incentive

works great to purchase items locally on credit but has international transaction fees

It works great to purchase everyday items in Australia but it has international transaction fees so be careful when purchasing items from overseas online sites. It also waives annual fees when making a certain minimum amount of purchases in a year. Show details
Transparency
Customer Service
Rates and Fees
Online Experience
Sare
SareMelbourne14 posts
  Verified

Good value

Like other reviews, there are not fees if you spend over $1000 and like the name suggests it is low fee credit card. The app to navigate this card to check balance and usage is simple. Have not used it overseas, however I use it for slightly bigger purchases rather than my debit card as you get 55 days interest free period. Downside is you can't earn rewards for spending, however works out if you don't have to pay an annual fee. Show details
Customer Service
Rates and Fees
Rewards
sugardumpling_90
sugardumpling_90Sydney, NSW11 posts
  Fair Incentive Verified

I had this for a year and it was great

I've always banked at Commonwealth and I often get emails about their low free credit card. I signed up when they had $300 cash back offer. Since I am banking with CBA, it is very easy to pay the credit card. I can transfer the money and it's deposited right away into my credit card. Customer service care is excellent, I love their online chat. Show details
Hana
HanaSydney, NSW4 posts
  Fair Incentive

Good first credit card low fee

Got this card when got my first proper job. Because of trend, everyone need a credit card etc. I recommend this for anyone that want to own a credit card when they don’t really need it. Low fees. However, interest bit high imo. Pay off every month, you good to go. Show details
Rates and Fees
Application Process

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Brand Manager for Commonwealth Bank? Claim your listing.

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