Commonwealth Bank Essentials Card

9.90% p.a.

No current offer

$60 $24 per year if you sign up for AutoPay, an automatic payment program.

n/a

Commonwealth Bank Essentials Card

9.90% p.a.

No current offer

$60 $24 per year if you sign up for AutoPay, an automatic payment program.

n/a

Mozo Review   Commonwealth Bank Essentials Card Review

Last updated: 17 October 2019.

What's hot:
  • 9.90% purchase rate

  • $24 annual fee when you opt for online only statements and sign up to AutoPay ($60 otherwise)

What's not:
  • $3,000 maximum credit limit

Mozo snapshot:

If you want a credit card to help you make small, ‘essential’ purchases, then the Essentials Card from Commonwealth Bank is certainly worth a look. The Essentials Card comes with a couple of excellent features such as a low 9.90% interest rate, 55 interest free days and a $24 annual fee when you sign up to AutoPay and opt for online only statements.

Key features:

If you’re looking for a credit card for everyday spending that won’t break the bank, one feature you'll certainly be looking for is a low purchase rate. Well, the Commonwealth Bank Essentials Card certainly has that, with a seriously low 9.90% purchase rate attached.

To go with the low interest rate, the card also has a $24 annual fee if you choose to receive your statements online (rather than paper) and sign up to AutoPay. Otherwise your annual fee will be $60. Either way, the annual fee is charged monthly to help you smooth out any large impact to your budget.

To help you pay off your balance each month and save on interest the Essentials Card also comes with 55 interest free days - as long as you pay off your balance in full each month. You'll also be able to make payments with your smartphone, as Apple Pay is available through the Commonwealth Bank. 

One thing to keep in mind is that the card does come with a relatively low $3,000 maximum credit limit.

Who it's good for:

This card could be a great option for spenders who find that they carry a balance on their credit card from month to month, since the low interest rate will limit the damage done to your bank balance. The $3000 maximum credit limit also means the card is aimed at frugal spenders who don’t want to rack up a big bill.

Any catches?

Cash advances are blocked on the Commonwealth Bank Essentials Card, so it's a good idea to carry a debit card in case you find yourself in need of cash.

Details

Rates and fees information correct as at 17 October 2019 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 9.90% p.a.

  • none

  • No current offer

  • none

  • none

  • 55

Fees
  • $60.00

  • none

  • none

  • none

  • $20.00

  • none

  • 3.00%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • none

  • $3000 maximum credit limit. No cash advances.

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Customer Reviews

How are Commonwealth Bank credit cards rated by the Mozo community?

Overall customer rating
6.9/10
Price
5.8/10
Features
6.1/10
Customer service
7.0/10
Convenience
7.9/10
Trust
7.1/10

Latest review of Commonwealth Bank Essentials Card

  • Overall
    8/10
    Good

    Good service

    Good service

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    9/10

    Lakshitha | Victoria

    reviewed 1 day ago

Commonwealth Bank

About Commonwealth Bank

The Commonwealth Bank might be one of Australia's oldest and largest banks, but lately it's determined to do things differently. The Commonwealth Bank reckons it's focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank's wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.

See Commonwealth Bank credit cards

Promoted

Qantas Money

Qantas Money

Qantas Premier Everyday

0% p.a. for 12 months and then 21.99% p.a.

19.99% p.a.

$49 $29 in the first year

Promoted

Citi

Citi

Rewards Platinum Credit Card (Balance Transfer)

0% p.a. for 26 months and then 22.24% p.a. (1.50% balance transfer fee)

21.49% p.a.

$199 $0 in the first year

Promoted

American Express

American Express

Qantas Ultimate Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

20.74% p.a.

$450

Promoted

ANZ

ANZ

Frequent Flyer Black

No current offer

20.24% p.a.

$425

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a.

19.99% p.a.

$299 $199 in the first year

Promoted

Latitude

Latitude

Low Rate Mastercard

No current offer

9.89% p.a.

$69

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

0% p.a. for 14 months then 20.74% p.a.

$129 $64 in the first year

Promoted

Citi

Citi

Rewards Platinum Credit Card (Bonus Points)

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

21.49% p.a.

$149 $49 in the first year

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped

19.99% p.a.

$299 $199 in the first year

Promoted

American Express

American Express

Qantas Ultimate Card

1.25 points per dollar on Amex, uncapped

20.74% p.a.

$450

Promoted

Citi

Citi

Rewards Platinum Credit Card (Bonus Points)

1 point per dollar on Visa, up to $10,000 per month

21.49% p.a.

$149 $49 in the first year

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0.66 points per dollar on Visa, up to $1,500 per month, then
0.5 points per dollar on Visa, uncapped

20.74% p.a.

$129 $64 in the first year

Promoted

ANZ

ANZ

Frequent Flyer Black

1 point per dollar on Visa, up to $7,500 per month, then
0.5 points per dollar on Visa, uncapped

20.24% p.a.

$425

Promoted

Qantas Money

Qantas Money

Qantas Premier Everyday

0.75 points per dollar on Mastercard, up to $3,000 per month, then
0.4 points per dollar on Mastercard, uncapped

19.99% p.a.

$49 $29 in the first year

Promoted

Citi

Citi

Platinum Credit Card (Purchase Rate)

1 point per dollar on Visa, up to $10,000 per month

21.49% p.a.

$149 $49 in the first year

Promoted

American Express

American Express

Velocity Escape Card

0.75 points per dollar on Amex, uncapped

20.74% p.a.

$0

Promoted

Citi

Citi

Rewards Platinum Credit Card (Balance Transfer)

0% p.a. for 26 months and then 22.24% p.a. (1.50% balance transfer fee)

$199 $0 in the first year

21.49% p.a.

Promoted

Qantas Money

Qantas Money

Qantas Premier Everyday

0% p.a. for 12 months and then 21.99% p.a.

$49 $29 in the first year

19.99% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

0% p.a. for 14 months then 20.74% p.a.

Promoted

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a.

$299 $199 in the first year

19.99% p.a.

Promoted

Citi

Citi

Platinum Credit Card (Purchase Rate)

0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

0% p.a. for 13 months then 21.49% p.a.

Promoted

HSBC

HSBC

Platinum Credit Card (Special Offer)

0% p.a. for 22 months and then 21.99% p.a.

$129 Refunded when you spend over $6,000 p.a

0% p.a. for 12 months then 19.99% p.a.

Promoted

American Express

American Express

Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

20.74% p.a.

Promoted

ANZ

ANZ

Low Rate

0% p.a. for 15 months and then 20.24% p.a.

$58

12.49% p.a.

Promoted

Citi

Citi

Clear Platinum Credit Card

0% p.a. for 9 months then 14.99% p.a.

$99 $0 in the first year

0% p.a. for 9 months and then 22.24% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

$129 $64 in the first year

0% p.a. for 6 months and then 20.99% p.a.

Promoted

ANZ

ANZ

Low Rate

12.49% p.a.

$58

0% p.a. for 15 months and then 20.24% p.a.

Promoted

Bankwest

Bankwest

Breeze Platinum Mastercard

9.90% p.a.

$99 $0 in the first year

0% p.a. for 6 months and then 9.90% p.a. (2.00% balance transfer fee)

Promoted

ME

ME

frank Credit Card

11.99% p.a.

$0

No current offer

Promoted

Latitude

Latitude

Low Rate Mastercard

9.89% p.a.

$69

No current offer

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

11.30% p.a.

$0

No current offer

Promoted

NAB

NAB

Low Fee Card

19.74% p.a.

$30

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

Promoted

Latitude

Latitude

Low Rate Mastercard

9.89% p.a.

No current offer

$69

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

Promoted

Citi

Citi

Clear Platinum Credit Card

0% p.a. for 9 months then 14.99% p.a.

0% p.a. for 9 months and then 22.24% p.a.

$99 $0 in the first year

Promoted

Citi

Citi

Platinum Credit Card (Purchase Rate)

0% p.a. for 13 months then 21.49% p.a.

0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

Promoted

HSBC

HSBC

Platinum Credit Card (Special Offer)

0% p.a. for 12 months then 19.99% p.a.

0% p.a. for 22 months and then 21.99% p.a.

$129 Refunded when you spend over $6,000 p.a

Promoted

HSBC

HSBC

Platinum Credit Card

0% p.a. for 12 months then 19.99% p.a.

0% p.a. for 12 months and then 21.99% p.a.

$129 Refunded when you spend over $6,000 p.a