Commonwealth Bank Low Fee Credit Card
19.74% p.a.
5.99% p.a. for 5 months and then 21.24% p.a.
$29 $0 when you spend over $1,000 p.a, $0 in the first year
n/a
Commonwealth Bank Low Fee Credit Card
19.74% p.a.
5.99% p.a. for 5 months and then 21.24% p.a.
$29 $0 when you spend over $1,000 p.a, $0 in the first year
n/a
Commonwealth Bank Low Fee Credit Card
19.74% p.a.
5.99% p.a. for 5 months and then 21.24% p.a.
$29 $0 when you spend over $1,000 p.a, $0 in the first year
n/a
Mozo Review Commonwealth Bank Low Fee Credit Card Review
Last updated: 18 October 2018.
What's hot:
Annual fee waived every year you spend at least $1,000 p.a
Up to 55 days interest free
What's not:
19.74% purchase rate
Mozo snapshot:
If you're after a credit card for your everyday spending that's low on fees, the Commonwealth Bank Low Fee Credit Card could be the answer. The annual fee is waived in the first year (usually $29) and each year you spend at least $1000 on the card the previous year. It has all the features that you want in a credit card like up to 55 interest free days, fraud protection and worldwide access via the MasterCard network.
Key features:
You can use the Commonwealth Bank Low Fee Card anywhere in the world where MasterCard is accepted - that's over 32 million locations around the world in case you're wondering. If you are a frequent traveller or overseas online shopper there is a 3% international transaction fee you'll need to budget for. The purchase rate is 19.74% p.a. so this is not a card that you'll want to have a high ongoing balance on. Pay off your card in full each month and you'll get to enjoy up to 55 interest free days.
If you have debt that you want to transfer over from another credit card you will get a 5.99% balance transfer rate for 5 months. Just be sure to knock down that debt in the low interest period as any remaining balance will get rolled over to the high 21.24% p.a. cash advance rate.
As a Low Fee cardholder you will get access to the MasterCard Priceless service which gives you access to 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.
Who it's good for:
The Low Fee credit card is good for those that want the convenience of a credit card but don't want to pay for extras like concierge services or rewards points.
The Low Fee 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.
Any catches?
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% p.a. interest rate.
Details
Rates and fees information correct as at 23 October 2018.
Rates
-
19.74% p.a.
-
none
-
5.99% p.a. for 5 months and then 21.24% p.a.
-
yes
-
21.24% p.a.
-
55
Fees
-
$29.00
-
$0 in the first 1 year
-
1000
-
none
-
$20.00
-
2%, Min $2.50, Max $150
-
3.00%
-
$0.00
-
$0.00
-
$0.00
Features
-
$25.00
-
2.0
-
1
-
none
Payment options
Google Pay, Samsung Pay, Garmin, Fitbit, PayTag
Customer Reviews
How are Commonwealth Bank credit cards rated by the Mozo community?
Latest reviews of Commonwealth Bank Low Fee Credit Card
- Overall5/10
Very good customer service, very friendly
There was a recent fault in the system but other than that its good.
Read full review
There was a recent fault in the system but other than that its good.
Price6/10Features6/10Customer service6/10Convenience6/10Trust6/10Less
Jeyden | Victoria
reviewed 14 days ago
- Overall10/10
No hassle checking balances
Low interest rates make it easy to keep up with repayments.
Read full review
Low interest rates make it easy to keep up with repayments.
Price10/10Features10/10Customer service9/10Convenience10/10Trust9/10Less
Leigh | Victoria
reviewed 20 days ago
- Overall0/10
Not that competitve and poor features
Service is really poor.
Read full review
Service is really poor.
Price0/10Features1/10Customer service0/10Convenience1/10Trust0/10Less
Sante | Victoria
reviewed about 1 month ago
- Overall6/10
Average and generally competitive
CBA is a reliable bank.
Read full review
CBA is a reliable bank.
Price4/10Features5/10Customer service-1/10Convenience1/10Trust6/10Less
Jan | Queensland
reviewed about 1 month ago
- Overall10/10
Great
Very handy.
Read full review
Very handy.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Lance | Queensland
reviewed about 1 month ago
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.
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