If you're after a credit card for your everyday spending without any fees to catch you unawares, the Low Fee Credit Card from the Commonwealth Bank could be the answer. The annual fee of $29 is waived in the first year and for each subsequent year you spend at least $1,000 on the card. It also a number of useful features including a 55-day interest free period, fraud protection and worldwide access via the Mastercard network, as well as the chance to score $100 cashback (T&Cs apply).
The Commonwealth Bank Low Fee Credit Card really lives up to its name, with a $0 annual fee in the first year and then in subsequent years when you makes purchases totalling at least $1,000 a year using the card. If you don't hit that minimum, you'll need to pay the $29 annual fee.
The card also comes with 55 interest free days, as long as you pay your balance off in full each statement period. And you're going to want to do that, otherwise you'll be stung with the relatively high purchase rate of 19.74%.
You can use the Commonwealth Bank Low Fee Card anywhere in the world where Mastercard is accepted - that's over 32 million locations in case you're wondering. If you are a frequent traveller or overseas online shopper there is a 3.00% international transaction fee to budget for though. And as a Low Fee cardholder you will get access to the Mastercard Priceless service which offers exclusive dining, entertainment and sporting events in a number of cities around the world including Sydney, Berlin, Hong Kong, Rome, Montreal, Chicago to name a few.
The Low Fee credit card could be a good option for those who want the convenience of a credit card but don't want to pay for extras like concierge services or rewards points. The card also has a low minimum credit limit of $500, so it is a good card for anyone who wants to limit their monthly credit spending.
Be sure to keep a close eye on your repayment date as there is a $20 late payment fee, and try to pay your balance in full every month to avoid the 19.74% purchase rate.
| 19.74% p.a. | |
| none | |
| 5.99% p.a. for 5 months and then 21.24% p.a. | |
| yes | |
| 21.24% p.a. | |
| 55 |
| $29.00 | |
| $0 in the first year | |
| $1,000.00 | |
| none | |
| $20.00 | |
| 3%, Min $3.00, Max $300 | |
| 3.00% | |
| $0.00 | |
| $0.00 | |
| $0.00 |
| $25.00 | |
| 2.0 | |
| 1 | |
| none |
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Get $100 cashback. Apply by 28 February 2022 and spend $1,000 on purchases within 90 days of card activation. Receive personalised cashback offers based on your spending history with CommBank Rewards.
Comm Bank Credit Cards are fine. I use the low to no fee variety as a personal preference.
Read full reviewComm Bank Credit Cards are fine. I use the low to no fee variety as a personal preference.
I have been with this bank since I was a child and I am now a very old lady. They have always been courteous and reliable to me and my family.
Read full reviewI have been with this bank since I was a child and I am now a very old lady. They have always been courteous and reliable to me and my family.
Commonwealth bank has never made me upset, have never had a problem with them in my 5 year experience with them. Also they make sure all your payments are secure and I always feel welcomed when you walk into the branch anywhere I’ve been to.
Read full reviewCommonwealth bank has never made me upset, have never had a problem with them in my 5 year experience with them. Also they make sure all your payments are secure and I always feel welcomed when you walk into the branch anywhere I’ve been to.
Bank which has big name and huge history however rubbish in terms of offering credit cards, and lending money. My credit card application was in process for about 3 weeks and they would not approve it even being on great credit score n impressive income. Worst part that they would not even tell you why they are declining. It's a guess game. They will decline, n you keep applying. Don't forget each time you apply for a credit card, credit entry gets on your credit file which is not good when you apply for loans in future. My personal advice to all- go for online banks n lenders. They are much better, easier to deal with, almost no call waiting n cheapest. To Commbank- I will never contact you again for any services and make sure I never promote you. Because I can not lie in.
Read full reviewBank which has big name and huge history however rubbish in terms of offering credit cards, and lending money. My credit card application was in process for about 3 weeks and they would not approve it even being on great credit score n impressive income. Worst part that they would not even tell you why they are declining. It's a guess game. They will decline, n you keep applying. Don't forget each time you apply for a credit card, credit entry gets on your credit file which is not good when you apply for loans in future. My personal advice to all- go for online banks n lenders. They are much better, easier to deal with, almost no call waiting n cheapest. To Commbank- I will never contact you again for any services and make sure I never promote you. Because I can not lie in.
Very good
Read full review
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