Commonwealth Bank Low Rate Gold Credit Card
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
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
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: 1 May 2019.
What's hot:
13.24% purchase rate
$200 cashback when you apply by 31 July and spend $500 by 31 October 2019
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. Plus, apply by 31 July and spend $500 by 31 October 2019 and you could score a tasty $200 cashback.
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.
And when it comes to perks, there's plenty to talk about. First off, you can score $200 cashback when you apply by 31 July and spend $500 by 31 October 2019.
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 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. 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 22 July 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.
-
none
-
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
-
3%, Min $3.00, Max $300
-
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
Other benefits
Receive $200 cashback when you apply by 31 July 2019, are approved and spend $500 by 31 October 2019.
Customer Reviews
How are Commonwealth Bank credit cards rated by the Mozo community?
Latest reviews of Commonwealth Bank Low Rate Gold Credit Card
- Overall2/10
Non disclosure
The bank person did not inform me of the fee when I applied and then it was deducted out of my...
Read full review
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.
Price2/10Features4/10Customer service0/10Convenience3/10Trust1/10Less
Jacquilyne | Tasmania
reviewed over 1 year ago
- Overall10/10
I won't be changing
Very good
Read full review
Very good
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Leonie | New South Wales
reviewed over 3 years ago
- Overall10/10
The better choice when it comes to money
- Friendliest Customer Service - Netbanking app is VERY efficient - Approachable staff at all...
Read full review
- 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
Price8/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Sam | New South Wales
reviewed over 3 years ago
- Overall8/10
Very good
They've always been quick and their app is great
Read full review
They've always been quick and their app is great
Price7/10Features8/10Customer service9/10Convenience10/10Trust10/10Less
Angus | New South Wales
reviewed over 3 years ago
- Overall7/10
Great customer support
Promptly dealt with fraudulent access to our card, refunded the money in 2 days
Read full review
Promptly dealt with fraudulent access to our card, refunded the money in 2 days
Price7/10Features8/10Customer service10/10Convenience8/10Trust5/10Less
Steve | Queensland
reviewed over 3 years ago
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.
Promoted
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
Citi
Clear Platinum
0% p.a. for 14 months and then 21.74% p.a.
12.99% p.a.
$99 $0 in the first year
Promoted
CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
19.99% p.a.
$299 $199 in the first year
Promoted
HSBC
Platinum Credit Card (Special Offer)
0% p.a. for 22 months and then 21.99% p.a.
0% p.a. for 12 months then 19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Promoted
CUA
Platinum Credit Card
0% p.a. for 13 months and then 21.74% p.a.
19.99% p.a.
$149 $0 in the first year
Promoted
HSBC
Platinum Credit Card
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)
0% p.a. for 12 months then 19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Promoted
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
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
Citi
Platinum (Purchase Rate Offer)
1 point per dollar on Visa, up to $10,000 per month
20.99% p.a.
$149 $49 in the first year
Promoted
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
Rewards Black
2 points per dollar on Visa, up to $5,000 per month, then
1 point per dollar on Visa, uncapped
18.79% p.a.
$375
Promoted
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
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
19.99% p.a.
$425
Promoted
Heritage Bank
Platinum
0.002 points per dollar on Visa, uncapped
17.74% p.a.
$125 $0 when you spend over $35,000 p.a
Promoted
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
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
Platinum Credit Card
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)
$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 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
Citi
Clear Platinum
0% p.a. for 14 months and then 21.74% p.a.
$99 $0 in the first year
12.99% p.a.
Promoted
NAB
Qantas Rewards Signature Card
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$395 $295 in the first year
19.99% p.a.
Promoted
Citi
Signature
0% p.a. for 15 months and then 21.74% p.a. (1.00% balance transfer fee)
$395 $199 in the first year
20.99% p.a.
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
$49 $0 in the first year
0% p.a. for 13 months and then 21.74% p.a.
Promoted
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
NAB
Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
$59
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
Promoted
NAB
Low Rate Platinum Card
0% p.a. for 15 months then 13.99% p.a.
$100
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
Promoted
Citi
Clear Platinum
12.99% p.a.
$99 $0 in the first year
0% p.a. for 14 months and then 21.74% p.a.
Promoted
Citi
Clear Platinum
12.99% p.a.
0% p.a. for 14 months and then 21.74% p.a.
$99 $0 in the first year
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
Promoted
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
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. (2.00% balance transfer fee)
$129 Refunded when you spend over $6,000 p.a
Promoted
Suncorp
Clear Options Platinum
0% p.a. for 14 months then 20.74% p.a.
0% p.a. for 14 months and then 21.99% p.a.
$129 $49 in the first year
Promoted
Bankwest
Breeze Platinum Mastercard
12.99% p.a.
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$99 $0 in the first year
Promoted
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
