Low Rate Gold Credit Card card image

Commonwealth Bank Low Rate Gold Credit Card

Advertiser disclosure
Purchase rate
13.24% p.a.
Balance transfer rate
No current offer
Annual fees
Interest free days on purchases

Mozo editorial review Commonwealth Bank Low Rate Gold Credit Card - last updated: 26 February 2021

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What's hot
  • 3 complimentary insurances - travel, extended warranty and purchase security
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. 

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Key features

Let's start with the fundamentals. The Low Rate Gold Credit Card comes with a reasonably competitive purchase rate of 13.24% and if you pay your balance off in full each statement period, you'll get up to 55 days interest free.

There's also free travel insurance with this card, which you will need to activate 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 to read the Product Disclosure Statement 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. Overseas purchases (online and in person) are subject to a 3% international transaction 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 is it 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. 

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Any catches

You'll have to automate your monthly repayments if you want to avoid paying a $20 late fee.


Rates and fees information correct as at 22 January 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.

13.24% p.a.


No current offer


21.24% p.a.








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

Receive personalised cashback offers based on your spending history with CommBank Rewards.

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