Commonwealth Bank Low Fee Gold Credit Card

19.74% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$89 $0 when you spend over $10,000 p.a, $0 in the first year

n/a

Commonwealth Bank Low Fee Gold Credit Card

19.74% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$89 $0 when you spend over $10,000 p.a, $0 in the first year

n/a

Mozo Review   Commonwealth Bank Low Fee Gold Credit Card Review

Last updated: 2 September 2019.

What's hot:
  • No annual fee in the first year

  • Complimentary travel, extended warranty and purchase security insurance

  • Up to $300 cashback in the first 3 months

What's not:
  • 21.24% p.a. cash advance rate

Mozo snapshot:

The Low Fee Gold card is a great credit card for everyday spending with no annual fee in the first year (usually $89) and plenty of security features and handy extras. It's also a useful piece of plastic to have on you while travelling, with perks such as complimentary travel insurance and no foreign exchange margin on overseas purchases. Plus, when you apply by October 31, you can score 10% cashback on eligible purchases, up to $100 per month, for the first three months.

Key features:

Commonwealth Bank has made the Low Fee Gold card accessible and travel-compatible - you can use it anywhere in the world where MasterCard is accepted, and feel safe in the knowledge that your purchases are covered by top-notch fraud protection. 

The card also comes with complimentary travel insurance and no foreign exchange margin - travel has never looked so appealing! Just remember to activate your insurance via NetBank before you leave Australian shores or you'll only be covered for the base level insurance which only includes cover for emergency medical and hospital. By activating the insurance you'll get more comprehensive cover, including cover for your spouse and dependents travelling with you. Be sure to read the PDS as there are some of the usual exclusions and cover limits.

And to sweeten the deal even further, if you apply for a new card by October 31, you can get 10% cashback on eligible purchases, up to $100 per month, for the first three months.

The Low Fee Gold card has a purchase rate of 19.74% p.a. so be sure to pay off your balance each month in order to get 55 interest free days and dodge the effects of a high ongoing balance. Similarly, steer clear of cash advances - the rate sits at a high 21.24% p.a.. The $89 annual fee is waived for the first year as well as in subsequent years when you make at least $10,000 of purchases. 

If you have debt that you want to transfer over from another credit card, you'll get a low 5.99% for five months, but if you haven't paid the balance off by the end of that period, you'll get hit with that 21.24% again, so be sure to keep an eye on your balance.

In addition to the free travel insurance the Low Fee Gold card comes with extended warranty insurance, where you'll get an extra year on top of the manufacturers Australian warranty and purchase security insurance, which means if an item is damaged, lost or stolen within 90 days of purchase CommBank will get it repaired or replaced.

The card has a lock, block and limit feature which gives you added security and flexibility. You can place a block on overseas instore and/or online purchases and on ATM cash withdrawals. The limit feature enables you to limit the single transaction purchase amount to avoid overspending. You can even temporarily lock the card if you misplace it. All of the features can be managed via NetBank or the CommBank App so you can turn them on or off when required.

If the Low Fee Gold card sounds like it's up you alley, applying is easy. You're guaranteed to get a response to your application within 60 seconds if you apply online.


Who it's good for:

The Low Fee Gold card is great for travellers who are looking for perks, low fees and convenience. But if you're not the best at organising your repayments, think twice before signing up, as there is a $20 late payment fee.

Any catches?

If you do decide to take up the balance transfer offer, make sure you pay off your debt within the five month period so you don't get hit with that high cash advance revert rate.

Details

Rates and fees information correct as at 22 September 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
  • 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
  • $89.00

  • $0 in the first 1 year

  • 10000

  • none

  • $20.00

  • 3%, Min $3.00, Max $300

  • 0%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

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

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

10% cashback on eligible purchases, up to $100 per month, for the first three months. Apply by 31 October 2019.

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 reviews of Commonwealth Bank Low Fee Gold Credit Card

  • Overall
    10/10
    Great customer service experience

    I've been a customer of Commonwealth Bank for 44 years. During this time I've never had an issue...

    I've been a customer of Commonwealth Bank for 44 years. During this time I've never had an issue that couldn't be resolved. Their customer service team was always happy to discuss and explain the issue to me.

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

    Joanne | New South Wales

    reviewed about 1 month ago

  • Overall
    7/10
    CBA has excellent customer service

    Very easy to be vigilante and deal with any tempts are hacking your card.

    Very easy to be vigilante and deal with any tempts are hacking your card.

    Price
    7/10
    Features
    5/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    5/10

    Rosemary | Queensland

    reviewed 10 months ago

  • Overall
    8/10
    Good people skills

    Have banked with the CBA for over 45 years when it was still the State bank of Victoria which was...

    Have banked with the CBA for over 45 years when it was still the State bank of Victoria which was later amalgamated into the CBA. They like all commercial organisations have leaders that are sometimes cowboys like Ian Nariev but are soon weeded out and stability and fairness return. Remember this is Australia & not the TRUMP USA. Our moto of a "Fair go for all still prevails " Thanks.

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

    Augustus | Victoria

    reviewed over 1 year ago

  • Overall
    7/10
    Bank service is not helpful

    Credit card is good but service is not so good

    Credit card is good but service is not so good

    Price
    8/10
    Features
    8/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    6/10

    Brenda | Tasmania

    reviewed almost 2 years ago

  • Overall
    7/10
    Great insurance with credit card

    Love travel insurance

    Love travel insurance

    Price
    6/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    7/10

    Kim | Queensland

    reviewed about 3 years 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

ANZ

ANZ

Frequent Flyer Black

No current offer

20.24% p.a.

$425

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

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

NAB

NAB

Qantas Rewards Signature Card

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

19.99% p.a.

$395 $295 in the first year

Promoted

ME

ME

frank Credit Card

No current offer

11.99% p.a.

$0

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

No current offer

11.55% p.a.

$0

Promoted

ANZ

ANZ

Low Rate

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

12.49% p.a.

$58

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

CUA

CUA

Platinum Credit Card

1 point per dollar on Mastercard, up to 100000 points per year

19.99% p.a.

$149 $0 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

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 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

NAB

NAB

Qantas Rewards Card

0.5 points per dollar on Visa, up to $3,000 per month

19.99% p.a.

$95

Promoted

HSBC

HSBC

Platinum Credit Card (Special Offer)

1 point per dollar on Visa, up to 10000 points per month

19.99% p.a.

$129 Refunded when you spend over $6,000 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

ANZ

ANZ

Platinum

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

$87 $0 when you spend over $20,000 p.a, $0 in the first year

20.24% 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

HSBC

HSBC

Platinum Credit Card

0% p.a. for 12 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

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

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

CUA

CUA

Platinum Credit Card

0% p.a. for 13 months and then 21.74% p.a.

$149 $0 in the first year

19.99% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer

0% p.a. for 18 months and then 20.99% p.a.

$50

20.74% 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

Heritage Bank

Heritage Bank

Gold Low Rate

11.55% p.a.

$0

No current offer

Promoted

Latitude

Latitude

Low Rate Mastercard

11.99% p.a.

$69

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

ANZ

ANZ

Low Rate

12.49% p.a.

$58

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

Promoted

ME

ME

frank Credit Card

11.99% p.a.

$0

No current offer

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

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

11.55% p.a.

No current offer

$0

Promoted

ANZ

ANZ

Low Rate

12.49% p.a.

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

$58

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

Latitude

Latitude

Low Rate Mastercard

11.99% p.a.

No current offer

$69

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

Promoted

Heritage Bank

Heritage Bank

Platinum

17.74% p.a.

No current offer

$125 $0 when you spend over $35,000 p.a