CommBank Low Fee Card

Get $150 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 $150 cashback on your account when you apply by 30 September 2021 and spend $1,000 on eligible purchases by 30 December 2021.

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Product NameCommBank Low Fee Credit Card
Balance transfer rate5.99% p.a. for 5 months
Balance transfer revert rateCash Advance Rate (21.24% p.a.)
Purchase rate19.74% p.a.
Annual fee$0 annual fee for the first year ($29 p.a. 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


  • $150 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 annual fee for the first year ($29 p.a. 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

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

  • $150 cashback. This card offers you $150 cashback when you apply by 30 September 2021, get approved and then spend $1,000 on eligible purchases by 30 December 2021. Eligible purchases cover most everyday spending but exclusions include cash advances, balance transfers and account fees.
  • Low annual fee. The annual fee is $0 for the first year and $29 p.a. thereafter. The annual fee is waived in subsequent years if you spend at least $1,000 in the previous year on purchases and cash advances.

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.

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The CommBank Low Fee Card has a $29 p.a. annual fee that is waived if you spend at least $1,000 on purchases and cash advances in the previous year. Its $150 cashback offer means you can enjoy some extra value when you first get the card, with a reasonable spend requirement of $1,000. Depending on when you get the card, this offer would give you between 7 and 3 months to meet the spend requirement deadline of 30 December 2021.

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