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Commonwealth Bank Low Rate Gold

Commonwealth Bank Low Rate Gold

3.4 from 8 reviews

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

Pros

  • 0% p.a. on purchases for 15 months

  • Relatively low 13.24% purchase interest rate

  • Included International Travel Insurance

Cons

  • 3% International Transaction Fee

  • No attached rewards program

Reviews

Review distribution

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

David T

David TMetropolitan Adelaide, SA

  • 7 reviews

Had a good offer during signup - after that card is OKAY

published

Had a cashback of $200 when I spent $500 at signup which was pretty good. Extends 1 year warranty on most purchase. Annual Fee is $89. Overall card is OK.

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

The reviewer stated that an incentive was offered for this review


Gerry

GerrySydney, NSW

  • 24 reviews

This card is ok

published
Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateJune 2005
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses, Online Shopping, Overseas/Travel and Special Purchases
See all answers

The reviewer stated that an incentive was offered for this review

SYDHarry

SYDHarrySydney

  • 19 reviews
  • 2 likes
  • Verified customer

Low rate with comprehensive international travel insurance

published

Great credit card for day to day use. Purchase interest rate is just 13.34% p.a and 55 days interest free which are really good.

This credit card comes with comprehensive international insurance cover. I have used it twice. Really easy to activate before flying overseas. Best part of this cover is available for not only the card holder, but for the spouse and kids (up to 10).

I highly recommend Commonwealth Bank Low Rate Gold credit card.

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateJuly 2016
Main Point of ContactBranch
Card / Account Used ForEveryday Expenses and Online Shopping
See all answers

The reviewer stated that an incentive was offered for this review

Olga

OlgaSydney, NSW

  • 5 reviews
  • 3 likes

Great card, works well and really pleased with a low rate on purchases

published

I have been a customer of CBA for a long time and changed to this card from a standard low rate card as a complimentary bonus offer with complimentary travel insurance and no extra annual fees. I have not used the travel insurance but planning to use it for my upcoming trip to Europe later this year. I am very pleased with the interest rate of 12 %, it is very competitive and would suit someone who does not pay their credit card in full every month, I would recommend this card, it works for me and would work for others too.

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateNovember 2018
Main Point of ContactOnline
Card / Account Used ForOnline Shopping, Overseas/Travel and Special Purchases
See all answers

daniel78

daniel78Illawarra, NSW

Low rate but that's it

published

Low rate card for purchases but very high cash advance rate. Also can't be lowered beyond $2500. Standard low rate card is a better option with $10 lower yearly fee

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses, Online Shopping and Special Purchases
See all answers

AmieJK

AmieJKSouth Australia

  • 8 reviews

A great, hassle free credit card with a few bonuses

published

I changed to this card in March this year, choosing to consolidate two cards into one. This Low Rate Gold cards has a reasonable credit limit, low interest rate and low annual fee as well. There are no excess fees when using it overseas - other than the normal international transaction fee - and you get travel insurance included, which was an automatic saving of over $150 for me. The staff at the bank are always friendly and don't try and push increased credit limits, and their online banking system is the best I've seen. Highly recommended and great product.


zithergirl

zithergirl

  • 3 reviews

New to card, so far good

published

Includes free travel insurance, but not when you are over 80 or have minor pre existing health conditions,
additional cost (not cheap) handled by Alliance, 5 weeks Europe nearly $ 900


Until today was happy customer BUT FEATURES ARE TOTALLY WRONG & MISLEADING!!

published

Features in the website and brochure, says a lot but there's a hidden cost, which is not even mentioned in the terms and conditions which is available in online and Hard copy brochure. So Be careful, if you are attracted towards it due to its attractive features from online, word of mouth and etc.
Thought good to have 1 now totally confused!!
Misleading terms and conditions, didn't find the excess fee even while went through all the available online BANK'S T&C's thoroughly(each and every word)

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