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 $200 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.
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19.74% p.a. |
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none |
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5.99% p.a. for 5 months and then 21.24% p.a. |
|
|
yes |
|
|
21.24% p.a. |
|
|
55 |
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$29.00 |
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$0 in the first year |
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$1,000.00 |
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none |
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|
$20.00 |
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|
3%, Min $3.00, Max $300 |
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3.00% |
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$0.00 |
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$0.00 |
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|
$0.00 |
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$25.00 |
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|
2.0 |
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|
1 |
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none |
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
$200 cashback when you apply by 31 October 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.
Great credit card. Offers savings from different companies. Excellent app which is easy to use.
Read full reviewGreat credit card. Offers savings from different companies. Excellent app which is easy to use.
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.
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
American Express
Platinum Edge Credit Card
20.74% p.a.
No current offer
$195
Membership Rewards
American Express
Cashback Credit Card
20.74% p.a.
No current offer
$120 First year monthly fees waived for online applications, new card members only., $0 in the first year
Cashback Rewards
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
70,000
0.5 points up to $100,000/year
American Express
Platinum Edge Credit Card
Membership Rewards
$195
30,000
1 point uncapped
St.George
Amplify Rewards Platinum
Qantas Frequent Flyer
$99
60,000
0.5 points up to $100,000/year
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
St.George
Amplify Rewards Platinum
Rewards
$99 $29 in the first year
100,000
1 point uncapped
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
St.George
Vertigo
0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months and then 20.99% p.a.
20.74% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99
Qantas Frequent Flyer
St.George
Amplify Rewards Signature
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$279
Qantas Frequent Flyer
Westpac
Low Rate
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months and then 20.99% p.a.
$129 $64 in the first year
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
St.George
Amplify Rewards Platinum
19.49% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$99
St.George
Amplify Rewards Platinum
19.49% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$99 $29 in the first year
