HomeCredit CardsCommonwealth Bank › Low Rate Gold Credit Card

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

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

Features of the Low Rate Gold Credit Card

Up to 55 days interest free on purchases.

International travel insurance included with your card (Eligibility and coverage).

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

Present your card when purchasing a Travel Money Card and pay no issue fee.

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.

Optional CreditCard Plus insurance.

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

Transaction location mapping - track purchase locations.

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

Our lowest interest rate on purchases.

Free additional 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.

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

Minimum credit limit of $4,000.

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
13.24% 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
You could win a $5,000 Flight Centre gift card. Simply apply for a new CommBank credit card by 30 April 2017 and activate your card for a chance to win.*

Rewards:
Rewards Available
Perks:
Max Interest Free Days
55
Travel Insurance
Up to 90 days International
VIP Treatment
Rental vehicle excess insurance, Extended warranty, 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
$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 Rate Gold Credit Card has the 55th lowest interest rate of 13.24% (5 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:

Stay in control of your finances with our lowest interest rate, plus handy extras like international travel insurance included with your card.
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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