Commonwealth Bank Low Rate Gold Credit Card

0% p.a. for 12 months then 13.24% p.a.

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

$89

n/a

Commonwealth Bank Low Rate Gold Credit Card

0% p.a. for 12 months then 13.24% p.a.

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

$89

n/a

Mozo Review   Commonwealth Bank Low Rate Gold Credit Card Review

Last updated: 25 February 2019.

What's hot:
  • 13.24% purchase rate

  • 3 complimentary insurances - travel, extended warranty and purchase security

  • 0% interest for 12 months (when you apply before April 30)

What's not:
  • $89 annual fee

Mozo snapshot:

The Commonwealth Bank Low Rate Gold card glistens with credit card goodness with a competitive 13.24% purchase rate and up to 55 days interest free. You'll even be able to access complimentary travel insurance through the card for you, your spouse and kids on your need overseas adventure should you meet the special conditions.

Key features:

The standard purchase rate of the Low Rate Gold Card is 13.24% and if you pay your balances off in full each month you'll get up to 55 days interest free. However, new applicants will be eligible for a 12 month interest free period if they sign up for the card before April 30, 2019. 

With the free travel insurance you will need to activate the coverage via NetBank before you leave Australia otherwise you will only be covered for the base insurance which is limited to cover for overseas medical and hospital expenses only. Your insurance will cover you for your spouse and children who are travelling with you but be sure the read the PDS in full before your trip as there are some limits on the coverage and exclusions. You can upgrade your coverage if you need.

The Low Rate Gold Credit Card is a Mastercard so you can use the card anywhere where Mastercard is accepted around the world. For convenience it also comes PayPass enabled so just "tap and go" for purchases under $100, plus Apple Pay, which will be made available to customers from January 1 2019. Overseas purchases (online and in person) are subject to a 3% international purchase fee.

Other perks of the card include purchase security insurance, which means that if an item bought on your card gets lost, damaged or stolen within 90 days of purchase Commonwealth Bank will replace or repair the item. There is also extended warranty insurance which gives you an additional 12 months warranty on top of the manufacturers warranty.

If you live in Sydney or travel to the city regularly you'll also get access to Mastercard's Priceless Sydney service which gives you exclusive offers to restaurants, sports and entertainment events. There are a number of other Priceless cities around the world which you can also access with your Mastercard. 

The card also comes with a handy lock, block and limit feature to give you greater control by allowing you to set limits or block features that you don't want activated. For instance if you are not travelling you can block the card from overseas transactions, you can also block ATM cash withdrawals and limit the maximum purchase amount that can be processed in a single transaction. Best of all the feature is fully self managed so you can change them whenever it suits you via NetBank or the CommBank App.

Who it's good for:

The Low Rate Gold Card is a great everyday credit card to have in your wallet here and when you travel. The low purchase rate means that if you occasionally carry a balance on your card you won't get too hard hit by interest payments.

There's a minimum credit limit of $4,000 so if you only want a low limit try the regular low rate card.

Any catches?

Automate your monthly repayments or you'll have to pay a $20 late fee.

Details

Rates and fees information correct as at 19 March 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
  • 13.24% p.a.

  • 0% p.a. for 12 months

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

  • yes

  • 21.24% p.a.

  • 55

Fees
  • $89.00

  • none

  • none

  • 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

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

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

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 Rate Gold Credit Card

  • Overall
    2/10
    Non disclosure

    The bank person did not inform me of the fee when I applied and then it was deducted out of my...

    The bank person did not inform me of the fee when I applied and then it was deducted out of my account , if I knew I would have not nominated this account ,and the amount was not printed in my application form , not happy , looking to go to another bank and transfer amount 12 months interest free , did not inform me of a gold card that collects points either.

    Price
    2/10
    Features
    4/10
    Customer service
    0/10
    Convenience
    3/10
    Trust
    1/10

    Jacquilyne | Tasmania

    reviewed about 1 year ago

  • Overall
    10/10
    I won't be changing

    Very good

    Very good

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

    Leonie | New South Wales

    reviewed almost 3 years ago

  • Overall
    10/10
    The better choice when it comes to money

    - Friendliest Customer Service - Netbanking app is VERY efficient - Approachable staff at all...

    - Friendliest Customer Service - Netbanking app is VERY efficient - Approachable staff at all branches i've been to - Convenient and large amount of physical branch locations

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

    Sam | New South Wales

    reviewed about 3 years ago

  • Overall
    8/10
    Very good

    They've always been quick and their app is great

    They've always been quick and their app is great

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

    Angus | New South Wales

    reviewed about 3 years ago

  • Overall
    7/10
    Great customer support

    Promptly dealt with fraudulent access to our card, refunded the money in 2 days

    Promptly dealt with fraudulent access to our card, refunded the money in 2 days

    Price
    7/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    5/10

    Steve | 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.

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