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Commonwealth Bank Low Fee

Commonwealth Bank Low Fee

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

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Reviews

  • Transparency
    3.9 (9)
  • Customer Service
    3.8 (9)
  • Rates and Fees
    2.8 (9)
  • Rewards
    1.3 (3)
  • Online Experience
    3.6 (9)
  • Application Process
    3.7 (7)
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Kat

KatMelbourne

  • 6 reviews
  • 1 like

Good No Frills Card

published

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.

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Sam

SamSouth East Queensland, QLD

  • 3 reviews
  • 1 like

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

published

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.

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The reviewer stated that an incentive was offered for this review

Brisbee

BrisbeeBrisbane

  • 13 reviews
  • 1 like

Basic credit card with good app

published

Found the CBA app really user friendly compared with other banks. I haven't used this card overseas to avoid the transaction fees. The negative is that this card doesn't have any points nor international insurance so it is only good for using within Australia.

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Rita

RitaNewcastle

  • 9 reviews
  • Verified customer

It is a good option for students

published

The bank low fee card is definitely a good option for students as CBA waives the fees. However, the drawbacks are also obvious. No reward points, high cash advance fees, high exchange rates. It is a good choice if you use it for daily purchase, online shopping in Australia. Their customer service is also pretty good. They will get your money back if your card is stolen and used by others. NEVER use it overseas. DON'T use the travel money card of CBA neither. The exchange rates in CAB suck and it is not easy to transfer the money into another account if the money is less than 10. I cancelled this card as soon as I graduated.

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Ravi

RaviSydney, NSW

  • 2 reviews

Its a good credit card but needs to be used properly.

published

I have been using this card over a period of time and has found it very handy,But unfortunately have never used this card overseas.I have only used this card for my flight ticket bookings and to pay the bills.

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Zara Z

Zara ZSouth East Queensland, QLD

  • 9 reviews
  • 3 likes

The fee is not that LOW

published

The exchange fee when using it abroad when traveling is not as LOW as other card like INGs Direct card. Also the currency exchange rates is on the higher side of other credit cards I have.

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Abishek B.

Abishek B.Greater Melbourne (Metropolitan), VIC

  • 2 reviews

Basic credit card

published

The card offers basic services like 55 days interest free payments, payment protection, overseas service and an application where you can monitor your purchases. They could have added an awards program with it.

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Chloe J

Chloe JSouth East Queensland, QLD

  • 13 reviews
  • 3 likes
  • Verified customer

They are alright, But if you overdraw and cant pay back straight away you get harassed with an automated robot.

published

Overdrew my card by accident when i was struggling over Christmas since then i can receive upto 3 calls a day from a private number which is commonwealth banks automated robot calling me Sometimes it can be more.
When i first applied it was because I was told it was the only way to actually get a credit rating. I just wanted $1500 i wasn't even going to use it. Then all of a sudden they had applied for another credit card for me and cancelled my other application. I was like okay because i went in and talked to someone. Anyways it was approved and they had given me a $5000 credit card. Being a 19 year old mum with 2 kids i thought that was ridiculous.

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birdman

birdmanBoyne Island

  • 12 reviews
  • 1 like

Good card but be careful of fees and online fraud

published
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neodymium

neodymiumAU

  • 226 reviews
  • 19 likes

OK

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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