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Commonwealth Bank Low Rate

Commonwealth Bank Low Rate

4.4 from 12 reviews

See the Best Low Rate Credit Cards in 2019 as rated by Australians on ProductReview.com.au.

Pros

  • Up to $300 cashback on offer if you apply by 30 April 2020

  • Low purchase interest rate of 13.24%

  • Accessible minimum credit limit of $500

  • $59 Annual Fee

Cons

  • 3% International Transaction Fee

  • No attached rewards program

  • 5.99% p.a. on Balance Transfers for 5 months, reverting to the high Cash Advance Rate of 21.24% thereafter

Reviews

Review distribution

5 star
6
4 star
5
3 star
1
2 star
0
1 star
0

Tony A

Tony A

  • 9 reviews
  • 1 like

Not bad

published

If you have a commonwealth bank wealth package you can get this card without the normal annual free. Credit card has all the bells and whistles expected and a middle range interest rate at the time of submission. Statements are easy to read and repayment amounts are clear.

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateAugust 2016
Main Point of ContactOnline
Card / Account Used ForSpecial Purchases
See all answers

Lachlan

LachlanBrisbane

  • 7 reviews
  • 1 like

Good Card. Not Great Rewards but Low fees

published

The card is quite a good one in terms of fees. With these being quite low, it would suit someone who doesn't pay off their credit card each month. One drawback however is no rewards for using the card, and as such this wasn't useful for me. The card was easy to use and the sign up was very simple as I was already a Commonwealth Bank member. Overall, good card but not useful for my circumstances due to rewards. Low annual fees is also a positive

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateJanuary 2019
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses
See all answers
Khang_Hua

Khang_Hua

  • 3 reviews

Could be improved.

published

it is a good credit card and it is not too difficult to increase the limit. But the problem is there is not much a reminder for repayments etc. If they could fix this, it would be excellent.

The reviewer stated that an incentive was offered for this review

Pat H

Pat HCentral Highlands and Goldfields, VIC

  • Verified customer

Easy to use

published

I first got this card when I had just turned 18.
It has always been easy to use and easy to access transactions and other relevant info through the app.
The statements are clear and provide all of the information needed.
The new program CBA have allows you to set part of your balance at a lower interest rate for a set amount of time, which is great as it saves money on interest.
The interest rate is very fair and the card has certainly been there for me when I have needed it most.
Thanks CBA.

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateJanuary 2013
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses and Online Shopping
See all answers

Yuly

Yuly

  • 5 reviews
  • Verified customer

Pretty good

published

Easy application and good online app and internet banking using NetBank. Back then got this card when they're offering $300 cashback after $1000 purchase, which is a pretty good deal. One of the lowest rate in the market.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card / Account Used ForEveryday Expenses
See all answers

Bhavit Kansagara

Bhavit KansagaraSouth East Queensland, QLD

  • 14 reviews

Excellent for everyday use

published

- Good application for user friendly
- Really good support for the customer service
- Easy application process and very transparent
- Quick response to the application and quick delivery of the credit card

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateMay 2019
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses
See all answers

Ronniw

RonniwSydney, NSW

  • 5 reviews
  • 2 likes

Smart card with a low-interest rate on purchases

published

This is a smart low rate MasterCard with a low purchase rate, one of the lowest on the market. I am a CBA customer and decided to apply for a credit card, this card attractive my attention, I filled the application via NetBank online, the application process was simple and easy because I am already a CBA customer.

Application Process
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses

Sue

SueSydney, NSW

  • 5 reviews

Reliable all-rounder

published

I rely on my CBA Low Rate card for everyday purchases and to keep cash flow balanced. The main attractive feature is the low-interest rate on purchases, one of the lowest on the market and this feature is the most attractive to me.

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateJuly 2018
Card / Account Used ForEveryday Expenses and Online Shopping
See all answers
Tanza

TanzaSouth East Queensland, QLD

  • 8 reviews
  • 2 likes

Good card no problems

published

I use my card for everything I can ,rates are low compared to other cards. No hidden fees. I have not used it overseas. I have found the customer service easy to deal with. No complaints.

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateFebruary 2018
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses and Online Shopping
See all answers
Tezza

TezzaPerth WA

  • 16 reviews
  • 1 like

Easy to meet requirements

published

Previously had an Awards Credit Card which I found not practical. Rewards not worth having. Requested change to Low fee Card, no problem. To meet requirement for Low Fee or no fee only have to spend $1000 in previous year. Easily done.Should have changed when this type of card first became available.


Robyne43

Robyne43SYDNEY

  • 4 reviews
  • 3 likes

Good service, polite call staff

published

ELLABELLA06

ELLABELLA06South East Queensland, QLD

  • 48 reviews

Excellent

published

I have been using this card for 3 years now and I havent had any complaints. You can use everywhere too. In fact when I went overseas I used my card to do my shopping and I didnt have any problems. I also used it for those emergency cash advances. The fees are low and wouldnt really harm your pockets. It is also great to use to do your online shopping.I have used it many times to buy things and services online shopping. Actually I have used it for my everyday transaction paying bills grocery shopping etc. A must have credit card for everyday use.
low rate and accepted anywhere
hope they can improve the card itself make it more attractive and be available in different colours.

Questions & Answers

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