- Sign in
- Write a review
Commonwealth Bank Low Fee
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
Category | Low Rate Credit Cards and Balance Transfer Credit Cards |
---|---|
Card Type | Mastercard |
Benefits | Cashback 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 Repayments | 2% |
Contactless Payments | Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay |
Rates & Fees | |
Purchase Rate | 19.74% p.a. |
Cash Advance Fee | 2% |
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 Rate | 21.24% 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 date | June 2007 |
Visit official website
KrunalGreater Melbourne (Inner), VIC
- 4 reviews
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.
The reviewer stated that an incentive was offered for this review
EricaO'Connor 2602, ACT
- 2 reviews
- 1 like
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.
Other Low Rate Credit Cards
KeliAU
- 12 reviews
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.
The reviewer stated that an incentive was offered for this review
Find out how Commonwealth Bank Low Fee compares to other Low Rate Credit Cards
Know better, choose better.
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.
HanaSydney, NSW
- 4 reviews
- 2 likes
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.
The reviewer stated that an incentive was offered for this review
kob2040Sydney, NSW
Fine, not great.
Pros:
• Lets you lock down international transactions, set limits.
• No annual fee if you spend more than $1000.
• Haven't had a problem with fraudulent transactions.
Cons:
• No rewards programme.
• High interest rates.
BhattGreater Melbourne (Outer), VIC
- 7 reviews
- 2 likes
Low rate but competitive rewards
With a $59 annual fee, i am happy with this card. I normally pay outstanding amount on time. There were occasions when i could not pay on time, but bank was very good and did not charge me anything, late payment fees etc.
If you're eligible, you may get Qantas FF points linked to this card so you can benefit after spending bank's money (for 55days) and be rewarded with FF points.
Very handy for daily use
I never used this card in overseas as I am not interested in paying international charges. Also I never transferred my balance to this credit card. I use this for daily uses.
The reviewer stated that an incentive was offered for this review
Other Low Rate Credit Cards
Good card
Able to accommodate my needs, haven’t used other credit cards but happy with this one so far. Gets 59 aud annual fee. I get a reminder for me to pay my fees on time via text which is good but can be annoying at times
- Everyday Expenses
The reviewer stated that an incentive was offered for this review
Find out how Commonwealth Bank Low Fee compares to other Low Rate Credit Cards
Know better, choose better.
Does everything I need it to do.
We needed an emergency credit card for bills mainly & this suited my needs. No annual fee if you spend over $1000 in the year. But no perks unfortunately which may be a problem for most.
AnnSydney, NSW
- 6 reviews
- 2 likes
Good no issue so far
My credit card got compromised once somehow, lodged a claim/report and CBA refunded straight away so, so far so good. Also forgot to make my repayment once and CBA was understanding enough to waive the late fees.
Random P.Sydney, NSW
- 4 reviews
Really awesome
This credit card has really LOW rates and I moved all my money to westpac but kept one account with commonwealth because of the really low rates and I mainly use it for cheap purchases
HeathGreater Melbourne (Inner), VIC
- 4 reviews
If you're already with Commbank, it's the best card to get
I moved most of my accounts over to Suncorp, however kept just one Commbank account as an everyday saver (used for basic cheap purchases and transfers). I got offered the low few credit card via mail and went for it just last month. Much lower fees and MUCH easier to handle when you already have an account with Commbank, especially if you use the Netbank app. I haven't done a heap of research on other cards, but the CB Low Fee card easier makes the most sense from a savings perspective over other companies.
Luke95South East Queensland, QLD
- 20 reviews
- 7 likes
- Verified customer
Great option for students
I've been using this card for quite a number of years as CBA waive the annual fees for university students. It is a good no-frills credit card that would suit the needs of most people. The experience I've had with CBA fraud watch has also been very positive. On 2 occasions, they have contacted me about suspicious transactions on my card, 1 of which turned out to be someone fraudulently using my details. This transaction was promptly rejected and my card reissued. Overall would recommend.
The reviewer stated that an incentive was offered for this review
Other Low Rate Credit Cards
Sahejin S.Sydney
- 7 reviews
- Verified customer
Long term user. The best thing is the app - it makes it super easy to manage the card.
I have used this card since June 2015. I never used it overseas but I did use to buy items from international vendors. It's super easy to transfer credit from my savings account to this credit card using the Comm Bank app. I'll add a few comments:
1. I had lost the card and it took just 2 business days to replace. I reported it lost online and I was surprised to receive a new card in my mailbox within two days. So good!
2. I did notice that the charge for international payments is a bit high, especially for higher transactions.
3. There is a c...
Find out how Commonwealth Bank Low Fee compares to other Low Rate Credit Cards
Know better, choose better.
jackieduong
- 5 reviews
- Verified customer
Great card, great app, service meh
Card is advertised as low fee ($29) but if you spend at least $1000 annually with it, there are no annual fees. As with most mastercards, it also incurs a 3% charge for international payments (made in international currencies or sometimes those processed by international companies in aud). I don't use this card for international shopping anymore though as there are other companies without an international transaction fee.
I use this card mainly for online shopping, because I keep a low balance on it and if it gets stolen online, it's credit c...
Read moreard MasterCard guarantee means CBA will dispute charges on my behalf of the are unauthorised transactions or transactions where I don't receive goods as described etc, where seller is a large store. Late payment fees of $20 seem standard, and teaches me to be organized with my money. Interest rate after 55 days is around 20%. The CBA app is amazing, and pretty much a market leader, though I find ING is pretty close behind, albeit uglier layout. You can lock, cancel, or lock card from international online transactions/international in store transactions (for specified times of indefinitely) so I find this my most secure card. I leave mine locked to int transactions, then turn on for an hour when I use it online.tjayzPORTLAND
- 11 reviews
- 4 likes
Check your statement carefully!
Overall I'm happy with this card, I pay the balance in full each month so don't care about the interest rate, only care that it has no annual fee if you spend at least $1000 a year on it, which I do anyway.
So I was not happy to see on my latest statement an annual fee of $29.00, especially as the same thing happened a year ago. Rang them and told them my problem, the guy who answered checked and said I'd only spent (about) $160. Told him I had my latest statement in front of me where the balance due for the month was over $1400. He put m...
Read moree on hold for a while... when he came back he was very apologetic and said I would be credited the $29 and said something about "system error"..... as it's happened two years in a row I can't help wondering if they do it on purpose, hoping it won't be noticed??!! I guess I shouldn't complain as effectively I have a free credit card - just so long as I don't mind spending an age on hold when I ring up each year about the incorrectly charged annual fee!chriharrAU
- 2 reviews
- 2 likes
Good
Overall this product is a great everyday credit card, wish it had a rewards program though, seems to be the only thing lacking with this card
* Accepted Everywhere
* Contact-less payment support (paypass)
* very sleek transparent design
* low annual fee (waived if you spend over $1,000 a year) basically no annual fee for most who use it
* No hidden costs
* No rewards program
cheryl.mcleanAustralia
- 3 reviews
Good
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
Questions & Answers
Sorry, there are no questions yet.
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.