HomeCredit CardsCommonwealth Bank › Low Fee Gold Credit Card

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

Benefits & Features of the Commonwealth Bank Low Fee Gold Credit Card

Essentials for the Commonwealth Bank Low Fee Gold Credit Card

$0 annual fee for the first year and up to 55 days interest free on purchases. Plus, $0 annual fee each following year provided you meet certain spend requirements.*

Features and benefits

Up to 55 days interest free on purchases
International travel insurance# included with your card. Issued and managed by Allianz Global Assistance, cover includes unlimited overseas emergency medical assistance, hospital expenses and cancellation cover for you and for your spouse and up to 10 dependent children when travelling with you. You will need to activate before each trip
Minimum credit limit of $4,000
Pay no card issue fee when you buy a Travel Money Card1, a safe and simple way to access your money overseas
Extended warranty insurance# - most purchases will gain up to one extra year's warranty on top of the manufacturer's Australian warranty
Purchase security insurance# - we'll repair or replace most purchases if lost, stolen or damaged within 90 days
Transactions updated instantly, so you'll know exactly where you stand.
$0 annual fee for the first year and each year you spend $10,000 or more in the previous year.*$89 annual fee is these conditions aren't met
Free additional credit card.
A faster way to pay for purchases in-store with MasterCard® contactless payments. Just Tap & Go™
Control your security and spending in real-time with Lock, block, limit® in NetBank and the CommBank app
Get access to local and international one-of-a-kind experiences, shopping, dining and hotel offers with MasterCard Priceless Cities
24/7 emergency assistance overseas if you lose your card with Global Service
Optional CreditCard Plus insurance - the option to pay for additional insurance which could pay off 20% of your balance every month if you're unable to work because of an injury, illness or if you lose your job.

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 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
❍ Lock, block, limit™ lets you instantly lock your credit card temporarily through the CommBank app or in NetBank. You can also block ATM cash advances, lock international online and in-store payments and set limits on your transactions.

Rates and Fees:
Purchase Interest Rate
19.74% p.a.
Cash Advance Rate
21.24% p.a.
Annual Fee
$89
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. Plus, $0 annual fee each following year provided you meet certain spend requirements.*

Rewards:
Rewards Available
Perks:
Max Interest Free Days
55
Travel Insurance
Up to 90 days International
VIP Treatment
Price guarantee scheme, Rental vehicle excess insurance, Extended warranty & more
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
$4,000
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. Secure internet shopping with NetCode.
Quick Comparison:

The Commonwealth Bank Low Fee Gold 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. 103 cards have a lower annual fee than $89 (2 have 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 and access to international travel insurance included with your card. Plus, $0 annual fee for the first year and each year you spend $10,000 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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