Low Fee Gold Credit Card card image

Commonwealth Bank Low Fee Gold Credit Card

Advertiser disclosure
Purchase rate
19.74% p.a.
Balance transfer rate
No current offer
Annual fees
$89 $0 when you spend over $10,000 p.a, $0 in the first year
Interest free days on purchases

Mozo editorial review Commonwealth Bank Low Fee Gold Credit Card - last updated: 1 March 2022

binocular icon
What's hot
  • No annual fee in the first year
  • Complimentary travel, extended warranty and purchase security insurance
  • $300 cashback offer (terms and conditions apply)
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, eligible new cardholders might even be bale to score $300 cashback (T&Cs apply).

key icon
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.

The Low Fee Gold card has a purchase rate of 19.74%, so be sure to pay off your balance each statement period in order to get 55 interest free days and dodge the effects of interest on an outstanding balance.

You'll be pleased to know that 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. 

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.

Last but not least, the Commonwealth Bank is giving new cardholders the chance to grab $300 cashback. The rub? You'll need to apply by 30 June 2022 and spend $1,500 on purchases within 90 days of card activation. 

Who is it 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.

question icon
Any catches

Like most credit cards, just remember that it may be worthwhile steering clear of cash advances because the cash advance rate sits at a high 21.24%. 


Rates and fees information correct as at 17 May 2022 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.

19.74% p.a.


No current offer


21.24% p.a.




$0 in the first year




3%, Min $3.00, Max $300










Payment options

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

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

$300 cashback when you apply by 30 June 2022 and spend $1,500 on purchases within 90 days of card activation. Receive personalised cashback offers based on your spending history with CommBank Rewards.

Customer Reviews

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

Customer service

Latest reviews of Commonwealth Bank Low Fee Gold Credit Card

About Commonwealth Bank