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Commonwealth Bank Low Rate Gold

Commonwealth Bank Low Rate Gold

3.2 from 5 reviews

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

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.

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

Low rate but that's it

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

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

A great, hassle free credit card with a few bonuses

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.

New to card, so far good

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!!

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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Low Rate Gold
Card TypeMastercard
BenefitsComplimentary Travel Insurance
Minimum Credit Limit$4,000
Maximum Credit Limit$50,000
Additional Cardholders 1
Additional Cardholder Fee $0 p.a.
Minimum Repayments2%
Rates & Fees
Purchase Rate13.24% p.a.
Cash Advance Fee2%
Late Payment Fee$20
Annual Fee$89
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$4
Interest Free Period 55 days
Cash Advance Rate21.24% p.a.
Release dateJul 2011

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