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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
    4.4 (15)
  • Customer Service
    4.2 (15)
  • Rates and Fees
    4.1 (15)
  • Rewards
    3.3 (4)
  • Online Experience
    4.3 (15)
  • Application Process
    4.5 (13)
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Krunal

KrunalGreater Melbourne (Inner), VIC

  • 4 reviews

Very good with low fees.

published

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.

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Erica

EricaO'Connor 2602, ACT

  • 2 reviews
  • 1 like

Credit card for first time user

published

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.

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Keli

KeliAU

  • 12 reviews

Pretty good

published

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.

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Great Credit Card for Everyday Use

published

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.

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Hana

HanaSydney, NSW

  • 4 reviews
  • 2 likes

Good first credit card low fee.

published

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.

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kob2040

kob2040Sydney, NSW

Fine, not great.

published

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.

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Bhatt

BhattGreater Melbourne (Outer), VIC

  • 7 reviews
  • 2 likes

Low rate but competitive rewards

published

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.

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Very handy for daily use

published

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.

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Good card

published

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

Application Process
Card / Account Used For
  • Everyday Expenses
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Does everything I need it to do.

published

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.

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Ann

AnnSydney, NSW

  • 6 reviews
  • 2 likes

Good no issue so far

published

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.

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Random P.

Random P.Sydney, NSW

  • 4 reviews

Really awesome

published

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

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Heath

HeathGreater Melbourne (Inner), VIC

  • 4 reviews

If you're already with Commbank, it's the best card to get

published

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.

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Luke95

Luke95South East Queensland, QLD

  • 20 reviews
  • 7 likes
  • Verified customer

Great option for students

published

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.

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Sahejin S.

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.

published
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jackieduong

jackieduong

  • 5 reviews
  • Verified customer

Great card, great app, service meh

published
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tjayz

tjayzPORTLAND

  • 11 reviews
  • 4 likes

Check your statement carefully!

published
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chriharr

chriharrAU

  • 2 reviews
  • 2 likes

Good

published

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

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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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