HomeCredit CardsCommonwealth Bank › Low Fee Credit Card

Rates and fees information correct as of March 1st 2017.

Benefits & Features of the Commonwealth Bank Low Fee Credit Card

Features of the Commonwealth Bank Low Fee Credit Card

Up to 55 days interest free on purchases.

Minimum credit limit $500.

Optional CreditCard Plus insurance.

Transactions updated instantly - so you'll always know where you stand.

Transaction location mapping - track purchase locations.

Access to a unique collection of entertainment experiences and offers exclusively for MasterCard® cardholders through Priceless Sydney and MasterCard Privileges.

Control your security and spending - instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.

Benefits

The annual fee is currently $29, or $0 for eligible customers. We'll waive your annual fee for the first year, and then continue to waive your annual fee each subsequent year as long as you spend at least $1,000 in the previous year (on purchases and cash advances only).

Free additional credit card.

Stay in control with alerts and payment reminders.

MasterCard is accepted at over 35 million locations worldwide, in over two million ATMs, in more than 210 countries.

24/7 emergency assistance overseas if you lose your card with Global Service.

MasterCard PayPass™ for a faster way to pay for purchases of under $100. Just Tap & Go™

Lock, block and limit your card

Instantly lock, block and limit your credit card for extra control through the CommBank app or NetBank.

Lock in-store international payments - so that no one can use your card in store overseas,

Lock online international payments - to prevent anyone using your card to make purchases on international websites,

Block ATM cash advances - so nobody can use your credit card to take out money except you,

Limit your spending - by setting a maximum amount per transaction.

The settings you activate will apply instantly and you can switch these settings on and off whenever you need to.

Security

Our 100% money back guarantee means you'll never be liable for fraudulent use of your credit card, provided you follow the Credit Cards Conditions of Use 24-hour fraud protection detects any abnormal transactions or spending patterns.

Secure internet shopping with NetCode.

Enhanced security chip protection.

MasterCard® Zero Liability gives you the peace of mind of free protection against fraud and other unauthorised transactions made with your card.

Control your security and spending - instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.

Rates and Fees:
Purchase Interest Rate
19.74% p.a.
Cash Advance Rate
21.24% p.a.
Annual Fee
$29
Balance Transfer Fee
This card has no balance transfer offer. Balance tranfer rate is the cash advance rate of 21.24%.There is no balance transfer fee.
Minimum Repayments
If your closing balance is less than $25, your minimum payment is your closing balance. Otherwise, it's the greater of: • Any amount by which the closing balance exceeds the credit limit; • 2% of the closing balance rounded down to the nearest dollar; • or $25.
Late Payment Fee
$20
Special Offers:

Balance Transfer Offers
No offers
Introductory Purchase Rate Offers
No offers
Other Special Offers
$0 annual fee for the first year and each year you spend $1,000 or more in the previous year.

Rewards:
Rewards Available
Perks:
Max Interest Free Days
55
Travel Insurance
VIP Treatment
VIP Seating
Overseas Spending:
Currency Conversion Fee
3%
OS ATM Charges
$2.5 or 2% the higher of
Est ATM Cost
$15.00 for AU$300 withdrawal
Credit Limits:
Minimum Credit Limit
$500
Maximum Credit Limit
No Limit
Security:
Security & Protection
Our 100% money back guarantee means you’ll never be liable for fraudulent use of your credit card, provided you follow the Credit Cards Conditions of Use. 24-hour fraud protection detects any abnormal transactions or spending patterns.
Quick Comparison:

The Commonwealth Bank Low Fee Credit Card has the 64th highest interest rate of 19.74% (6 others have the same) and the 83rd lowest cash advance rate at 21.24% (12 others have the same) compared to 171 other credit cards. 35 cards have a lower annual fee than $29 (1 other has the same) and 135 have a lower or the same late payment fee of $20.

From Commonwealth Bank site:

Enjoy up to 55 days interest free on purchases. Plus, $0 annual fee for the first year and each year you spend $1,000 or more in the previous year.
Download Key Facts Sheet* ⇣Go to Site ⇢

* Key fact sheet is downloaded from Commonwealth Bank website. (PDF, 77KB)

Apply Online ⇢ Compare Credit Card
About Commonwealth Bank:

The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, USA and the United Kingdom. Commonly referred to as the Commonwealth Bank (or CBA or Commbank), it provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments Limited, ASB Bank (New Zealand), Commonwealth Securities Limited (CommSec) and Commonwealth Insurance Limited (CommInsure). Commonwealth Bank is also the largest bank in the Southern Hemisphere.

Founded in 1911 by the Australian government, the Commonwealth Bank is one of the "big four" Australian banks, with National Australia Bank (NAB), ANZ and Westpac. The bank listed on the Australian Stock Exchange in 1991 and the government fully privatised it in 1996.

The former global headquarters of Commonwealth Bank are The State Savings Bank building in Martin Place, Sydney built in 1928 and used until 2012 when Commonwealth Bank selling the building to Macquarie Bank and changing the to the new two ninth-story office building which built at the former Sega World Sydney Building.

More about Commonwealth Bank from Wikipedia

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