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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.

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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

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Product NameCommBank Low Fee Credit Card
Balance transfer rate p.a.5.99% for 5 months
Balance transfer revert rateCash Advance Rate (21.24% p.a.)
Purchase rate p.a.19.74%
Annual fee$0 for the first year ($29 thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$500
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • $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


  • 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 pointsN/A
Annual fee$0 for the first year ($29 thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee3% 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 cardholders1

Review by

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.

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.

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.

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.
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