CommBank Low Fee Gold Credit Card

Enjoy a $150 cashback offer and 0% international transaction fees when you shop overseas or online.

The CommBank Low Fee Gold Credit Card offers $150 cashback when you apply by 28 February 2022 and spend $1,000 on eligible purchases in the first 90 days of activation. You can also take advantage of up to 55 interest-free days on purchases if you pay your balance in full by the due date on each statement.

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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 ($89 p.a. thereafter)

55 days

Interest free period

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Product NameCommBank Low Fee Gold 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 ($89 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$4,000
Card typeMastercard
Foreign currency conversion fee0%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • $150 cashback
  • $0 annual fee in the first year and subsequent years when you spend at least $10,000 in the previous year
  • 0% foreign transaction fees on purchases made both online and overseas
  • Included travel insurance, extended warranty insurance and purchase security insurance


  • There is no rewards program linked to this card, which is usually a standard feature included with gold-tier credit cards
  • The standard 19.74% p.a. purchase rate is relatively high
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($89 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee0%
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 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 Gold card is one of few cards that has an annual fee waiver each year when you spend $10,000 in the previous year. You can also get extra value in the first year with the $150 cashback offer.

How to apply

You can apply for the CommBank Low Fee Gold credit card online in few minutes and receive a response instantly. Before you do, check if you meet the eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

  • Residency and work status. You must have the right to work in Australia.
  • Eligible balance transfer debt. If you plan to transfer a balance, it must be from a non-CommonBank account.

Card benefits

  • $150 cashback. Apply for the CommBank Low Fee Gold Credit Card by 28 February 2022 and spend $1,000 on eligible purchases in the first 90 days of activation to take advantage of this cashback offer.
  • Annual fee. This card charges $0 annual fee for the first year and $89 p.a. thereafter. The standard annual fee will be waived if you spend $10,000 or more on purchases and cash advances in the previous year.

Rates & fees

  • Purchase interest rate. This card charges a 19.74% p.a. variable interest rate for purchases.
  • Interest-free days. You can save with up to 55 days interest-free on purchases when you pay your balance in full by the statement due date.

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    Default Gravatar
    May 29, 2019

    I need more information about travel insurance,all inclusions,thanks

      Default Gravatar
      May 30, 2019

      Hi Tony,

      Thanks for your inquiry.

      To see the coverage inclusions of Travel insurance of Commonwealth Bank Low Fee Gold Credit Card, please carefully read their Product Disclosure Statement (PDS).

      I hope this helps.

      Kind regards,

    Default Gravatar
    February 4, 2017

    Hi, does this card accrue reward points? If not, can you recommend a low annual fee card that does?

      Avatarfinder Customer Care
      February 5, 2017

      Hi Carolyn,

      Thanks for your question.

      Unfortunately, this Commonwealth Bank Low Fee Gold Credit Card does not let you earn rewards points when you spend. The no annual fee credit cards that have rewards programs are listed on our guide about no annual fee rewards credit cards.

      Hope this helps.


    Default Gravatar
    January 4, 2017

    yes looking for a credit card that i can use for every day spending plus send money over seas

      Avatarfinder Customer Care
      January 4, 2017

      Hi Charlie,

      Thanks for reaching out.

      Most credit cards that we feature on our pages can be use for everyday spending and sending money overseas. However, please note that when you use a credit card for money transfer, some providers will charge you a higher fee.

      Also, please check our comprehensive credit card guide to help you identify the type of credit card that is suitable for your needs.


    Default Gravatar
    December 1, 2015

    I have a Commonwealth Bank Gold credit card. I will be renting a car Interstate (within Australia). Is the rental car “excess” covered? If not…is it covered if I upgrade to Platinum?

      Avatarfinder Customer Care
      December 1, 2015

      Hi Kathy,

      Thanks for your inquiry!

      The insurance policy from Commonwealth Bank only provides Interstate Flight Inconvenience Insurance for interstate cover. You may have to get a domestic travel insurance that offer different levels of car hire excess insurance as part of their travel insurance policies. Compare insurance brands from our table and select ‘Get Quote’ to head over to their website.

      Please make sure to read the eligibility criteria, features and details of the policy, as well as the relevant Product Disclosure Statement of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.


    Default Gravatar
    September 17, 2015

    We have paid the airfare yesterday for a trip in November. If we apply the Commonwealth Gold credit card now, will the complimentary travel insurance cover the trip that was already paid? We have not made bookings on hotels yet.

      Avatarfinder Customer Care
      September 17, 2015

      Hi Emma, thanks for your inquiry!

      You will be covered under this travel insurance policy provided you have a Gold, Platinum or Diamond card. Please refer to our Commonwealth Bank complimentary insurance guide for more information on how to apply for the full cover and what features are included in this policy.


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