Commonwealth Bank Low Rate Credit Card
Highlights
- Experience 0% p.a. on purchases for the initial 3 months + potential cashback of up to $240 upon fulfilling the criteria.
- Annual fee of $72 p.a. remains.
- Enjoy up to 55 days interest-free on purchases.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Eligibility
Additional cardholders
Credit limits
Repayments
Balance transfers
Balance transfer offer
Balance transfer conditions
Rates, fees, charges
Cash advances
Purchases
Account fees
Rewards
Rewards program basics
Rewards points per $1 spent
Additional perks
Insurance
Travel and lifestyle
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. Get an additional card at no extra charge.
- Digital wallets. Commonwealth Bank is the only one of Australia's big four banks to offer its own branded credit card for Apple Pay, Google Pay, and Samsung Pay. As this card is issued by Commonwealth Bank, it's only available to Commonwealth Bank customers.
- Gambling transactions. The Commonwealth Bank Low Rate Credit Card does not allow for gambling transactions.
Rewards and benefits
- Complimentary travel insurance. This card does not have complimentary international travel insurance.
- Concierge services. The Commonwealth Bank Low Rate Credit Card does not provide a concierge service.
- Insurances. The Commonwealth Bank Low Rate Credit Card comes with Complimentary Purchase Security and Extended Warranty.
- Rewards points. The Commonwealth Bank Low Rate Credit Card does not have a rewards program.
- Sign-up bonus. The Low Rate Credit card from Commonwealth Bank does not have a signup bonus offer at the moment.
Rates and fees
- Annual fee. This card's annual fee is $72 p.a.
- Balance transfers. Commonwealth Bank Low Rate Credit Card has no introductory balance transfer offer at the moment.
- Cash advances. Cash advances (including withdrawals made using a credit card machine) incur interest at 21.99% p.a. from the transaction date.
- Foreign exchange fee. 3.5% foreign currency transaction.
- Interest-free period. This card offers 55 days interest-free on purchases. The interest-free period doesn't apply to Cash Advances, Balance Transfers, or Special Promotions.
- Purchases. Enjoy 0% p.a. on purchases for 3 months. Reverts to the low variable interest rate on purchases of 13.99% p.a.
Reviewed by Credit Card Compare Staff
History
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Great card easy to use
Reviewed by Happy Customer
Easy, secure and convenient
Reviewed by Ellis Tang
Ideal for the occasional spender
Reviewed by Mickey P
Very happy with this card
Reviewed by Thumbs up
Cheap annual fee
Reviewed by Avani
Very pleased with the card
Reviewed by Aprajita
Reasonably satisfied with the card
Reviewed by Anon
I'm very happy I joined
Reviewed by Sarah
Best bank ever
Reviewed by Jessica
Good to have this credit card
Reviewed by Mr X
Master of all cards
Reviewed by kristy
Average credit card
Reviewed by Justine
Happy, would recommend
Reviewed by Moura
Pleased and satisfied
Reviewed by Mandy Young
Very pleased with this card and the low fees
Reviewed by Zara
Generally fairly satisfied with this card
Reviewed by Alice
Very pleased with this credit card
Reviewed by Sylvia Marino
A good basic card if you don't need rewards
Reviewed by nat85
Pretty good for my needs
Reviewed by Tom
Overall I'm fairly happy with this card
Reviewed by Ky's
Simple and helpful
Reviewed by Greg
Great!
Reviewed by Anon
Consistent satisfaction
Reviewed by Tyson
A good basic card
Reviewed by Christie
Very pleased with this card
Reviewed by Ashlee
Would recommend
Reviewed by Jess
Ok card no major complaints
Reviewed by Chris
Credit with a low monthly rate
Reviewed by Blossom
I wish I had never increased the limit
Reviewed by Erica
Card needs a new name of high fee instead of low
Reviewed by Alexandra
It's a great card!
Reviewed by Alice
Gold free travel insurance
Reviewed by Barbiedoll99
Have had this card for a long time & am pleased
Reviewed by John
I have saved a lot so far using this card
Reviewed by Kellie McGoldrick
Works very well
Reviewed by Michelle
I've never had a different credit card
Reviewed by Julia
Good
Reviewed by Alan Merrington
Has been handy
Reviewed by Adam
I love my credit card
Reviewed by Jessie
Low rate and convenient
Reviewed by Thuy
Good low rate card
Reviewed by Rachael
I wish I never had it
Reviewed by Stephanie
Ok
Reviewed by Paul
Overall the best I have had so far
Reviewed by Amanda
Lower rate card
Reviewed by Sally
Great $250 cash back offer
Reviewed by Carmel
Best one of them all
Reviewed by Frances
Comparatively low interest rate and no frills
Reviewed by Jeremy
Satisfied
Reviewed by Dee
Easy
Reviewed by Kelli
Convenient and widely accepted
Reviewed by Gerasimos
I wish I never got this card
Reviewed by Lauren
Good service and a good deal
Reviewed by shaun
Annual fee Increases
Reviewed by Catherine
Simple low-fee card
Reviewed by Rita
Good card, OK rates, but no reward incentives
Reviewed by Rachael
Pays to shop around
Reviewed by Wendy
Low rate on purchases and cash advances
Reviewed by Marco
CBA no frills credit card
Reviewed by Katherine
Low interest everyday card
Reviewed by Rachael
Easy bill paying
Reviewed by Sophie
No hidden costs
Reviewed by Alice
Pretty great card, but no rewards
Reviewed by Art
Good rates, easy to apply
Reviewed by Jackie
Convenient, and good for emergencies
Reviewed by Alan
intrest rate is low
Reviewed by Alpha
Convenient and safe
Reviewed by Iolanda
No rewards, but no annual fee if you spend $1000
Reviewed by Robert
I saved a lot of money with this credit card
Reviewed by Betty
This card is great in a pinch, but not otherwise
Reviewed by Selene
Handy to have for emergencies
Reviewed by Isobelle
Low interest rate, no rewards
Reviewed by D
OK as an everyday card
Reviewed by Renae
Zero interest period on purchases can be a trap
Reviewed by Shanna
Card gave me independence
Reviewed by Nicole
No rewards and only 45 days interest free
Reviewed by Ven
Manageable card for a young person
Reviewed by Jaidyn
Annual fee is high, but otherwise a good card
Reviewed by Hilda
Fits my needs perfectly
Reviewed by Jackson
Useful for day-to-day purchases
Reviewed by Grace
Nice first credit card, but low rewards
Reviewed by Russell
Misleading advertisement
Reviewed by Courtney
Understanding, patient and explain everything
Reviewed by Jessica
Cheap card, gives me flexibility
Reviewed by Kerry
i wish they would allow limit increases as needed
Reviewed by Melinda j
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