CommBank Low Fee Card

Get $200 cashback and a $0 annual fee in the first year with the CommBank Low Fee Credit Card.

The CommBank Low Fee Credit Card gives you $200 cashback on your account when you apply by 31 October 2022 and spend $1,000 on eligible purchases within 90 days.

This card also offers a $0 annual fee for the first year ($29 p.a. after) and up to 55 interest-free days on purchases.

No reviews yet. Write a review

Amy Bradney-George

Last Updated Feb 26, 2021

5.99% p.a.

Balance transfer rate

for 5 months

19.74% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($29 p.a. thereafter)

55 days

Interest free period

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	CommBank Low Fee Credit Card
Balance transfer rate p.a.	5.99% for 5 months
Balance transfer revert rate	Cash Advance Rate (21.24% p.a.)
Purchase rate p.a.	19.74%
Annual fee	$0 for the first year ($29 thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.24% p.a.
Min credit limit	$500
Card type	Mastercard
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

$200 cashback offer
$0 annual fee for the first year, reverting to $29 p.a. thereafter. CommBank will continue to waive your annual fee when you spend $1,000 or more in the previous year
Up to 55 days interest-free on purchases

Cons

Being a low cost, no frills card, the CommBank Low Fee credit card has none of the bells and whistles that come with many other cards

Bonus points	N/A

Annual fee	$0 for the first year ($29 thereafter)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	3% or $3, whichever is greater
Overseas cash advance fee	$3 or 3% of transaction value, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	1

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The CommBank Low Fee Card charges a $29 p.a. annual fee that is waived if you spend at least $1,000 in the previous year. Its $200 cashback offer means you can enjoy some extra value when you first get the card, with a reasonable spend requirement of $1,000 in the first 90 days.

You can also take advantage of interest-free days on purchases, but you'll need to make sure you pay the total amount owing by the due date listed on your statement. You can learn more about how this works in Finder's guide to interest-free days to decide if this will work for you.

How to apply

You can apply for the CommBank Low Fee credit card online in around 30 minutes. Check if you meet the eligibility requirements and have the necessary information before you get started:

Eligibility criteria

Residency and work status. You must have the right to work in Australia.
Credit history. You must have a good credit history with no current bankruptcies. You can get your credit score and copy of your comprehensive credit report for free through Finder.

Age. You must be at least 18 years old.

Required documents

Personal information. This includes your full name, date of birth, residency, marital status and number of financial dependents.
Proof of identification. Including your driver's licence, passport, birth certificate or Medicare card.
Income and employment. Confirm your current employment, annual income and provide recent payslips.
Finances. This includes any assets including savings and investments as well as liabilities such as existing loans or debts.
Visa details. If you're not a permanent Australian resident, you'll need to provide your visa details.

Card benefits

$200 cashback. This card offers you $200 cashback when you apply by 31 October 2022, get approved and then spend $1,000 on eligible purchases in the first 90 days of activation. Eligible purchases cover most everyday spending but exclude cash advances, balance transfers and account fees.
Annual fee waiver option. The annual fee is $0 for the first year and in subsequent years when you spend at least $1,000 in the previous year. Otherwise, the standard $29 p.a. annual fee applies.

Additional cardholder. You can request a supplementary card for a partner or family member at no additional cost. Your request will be subject to approval and you will be responsible for keeping the account in good standing.
Mastercard perks. You can access a wide range of shopping, dining and entertainment discounts and experiences through the Mastercard Priceless Cities program.
Security. Your card is monitored by 24-hour fraud protection that detects abnormal transactions or spending patterns. If your card is lost or stolen, you can temporarily lock your card through the CommBank app or NetBank. If your card is used for fraudulent transactions, you're protected by Mastercard Zero Liability.
Mobile wallets. You can link your card with Apple Pay, Samsung Pay and Google Pay to use your smartphone or wearable to tap and pay. You can also use your fitness tracker to make contactless payments with Fitbit Pay and Garmin Pay.

Rates & fees

Purchase rate. The variable interest rate on purchases is 19.74% p.a.
Cash advance rate. If you use the card for cash advances, such as ATM withdrawals, you'll be charged the 21.24% p.a. variable interest rate.

Interest-free days. If you pay your balance in full each month, you can receive up to 55 interest-free days on purchases. This doesn't apply if you're paying off a balance transfer debt.
International transaction fee. If you use this card to spend overseas or shop online with an international merchant, you'll be charged the 3% foreign transaction fee.
Balance transfer. You can move debts from other Australian credit cards or store cards to this card and get a balance transfer rate of 5.99% p.a. for the first 5 months. After the promotional period, the interest rate reverts to the variable cash advance rate of 21.24% p.a.

Card Types

Cards from

Credit Cards Tips

Balance Transfer Calculator

CommBank Low Fee Card