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Commonwealth Bank Low Fee

Commonwealth Bank Low Fee (page 3 of 3)

4.0 from 45 reviews · View Statistics

Pros

  • $150 cashback if you apply by 30 June 2021 and spend $1,000 on purchases by 30 September 2021

  • $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

Cons

  • 3% International Transaction Fee

  • No attached rewards program

Details

CategoryLow Rate Credit Cards and Balance Transfer Credit Cards
Card TypeMastercard
BenefitsCashback Offer, Introductory Interest Rate and Reduced 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
Introductory Offers

$150 cashback if you apply by 30 June 2021 and spend $1,000 on purchases by 30 September 2021

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 dateJune 2007

Visit official website

Reviews

  • Transparency
    4.4 (36)
  • Customer Service
    4.3 (36)
  • Rates and Fees
    3.9 (36)
  • Rewards
    3.1 (12)
  • Online Experience
    4.4 (36)
  • Application Process
    4.4 (30)
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neodymium

neodymiumAU

  • 226 reviews
  • 19 likes

OK

published
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sewgood

sewgoodSouth East Queensland, QLD

  • 25 reviews
  • 5 likes

Terrible

published
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emailandrew

emailandrew4013

  • 10 reviews
  • 1 like

OK

published

This is a great basic credit card, minimal whistles and bells, but reasonably low fees. I guess, what else can you say about it? Just a card like all the others, the only thing that swayed me was the fee structure on it - if you need a credit card, I guess just weigh up the fees and how much you are willing to pay!
Low fees

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starflyy

starflyy

  • 63 reviews
  • 2 likes

Excellent

published

I was very impressed with the reliability and interest rates and they offer you small and large limits so it suits everybody. I think it is a really good card.
The annual fee is amazing I can't believe how cheap it is and it is a great first credit card because it comes with no hidden catches what you see is what you get. You can also have an additional card holder for no extra charge so if you both use it then you can save on the annual fee for one of you.
It does cost extra to get the second card user a card and it makes it a little to easy to spend money.

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cheryl.mclean

cheryl.mcleanAustralia

  • 3 reviews

Good

published

For me, this card is great. I always pay the amount owing before the due date and do not incur a fee. This card suits my needs well.
most things

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