CommBank Low Rate Gold credit card

Get a 13.24% p.a. variable rate for purchases and included travel insurance with the CommBank Low Rate Gold Credit Card.

The CommBank Low Rate Gold credit card has a competitive 13.24% p.a. variable rate for purchases and offers up to 55 interest-free days on purchases if you pay closing balance in full by the due date on each statement.

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5.99% p.a.

Balance transfer rate

for 5 months

13.24% p.a.

Purchase rate

$89 p.a.

Annual fee

55 days

Interest free period

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Product NameCommBank Low Rate Gold 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.13.24%
Annual fee$89
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$4,000
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • Low 13.24% p.a. purchase interest rate
  • Included travel insurance, extended warranty and purchase security insurance covers
  • Balance transfer rate of 5.99% p.a. for 5 months


  • No rewards program is offered which is usually a standard feature of gold-tier credit cards
  • Using this card overseas or with international merchants incurs a fee of 3%
Bonus pointsN/A
Annual fee$89
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 Rate Gold offers a mix of low-cost credit card features and handy complimentary extras. Its current 13.24% p.a. variable purchase rate is competitive with low rate cards from other major banks in Australia – although it is still worth comparing other low rate cards if that’s your priority. If you're planning to travel in the future, this card has included travel insurance that you can activate through NetBank or the CommBank app before you travel overseas, you just need to meet the age, health and other requirements that are typical of most travel insurance policies.

How to apply

You can apply for the CommBank Low Rate Gold credit card online by filling out a secure application form. Get started by checking that you meet the following eligibility criteria and have all the documents and details you need to complete your 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-Commonwealth Bank account.

Card benefits

  • Included travel insurance. Get access to international travel insurance, which offers cover for medical emergencies, lost/stolen/damaged luggage, expenses arising from unexpected delays and much more. This comprehensive cover is available when you meet the eligibility requirements and activate it via NetBank, the CommBank app or by calling Cover-More on 1300 467 951 before travelling. Your spouse and dependent children can also get cover when they meet the eligibility requirements.
  • Extended warranty and purchase protection insurance. You also get extended warranty insurance and purchase protection insurance for eligible items bought with this card.

Rates & fees

  • Annual fee. The CommBank Low Rate Gold credit card charges an annual fee of $89.
  • Purchase rate. This card charges a 13.24% p.a. variable interest rate on purchases.

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  1. Default Gravatar
    April 10, 2018

    I wish to convert my existing comm bank card to a low interest card with comm bank.

    • Avatarfinder Customer Care
      April 10, 2018

      Hi Ian,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice. You have to contact CommBank directly regarding your request of converting your existing card to a new CommBank Low Rate Gold credit card.

      Basically, credit card companies are not converting or upgrading a certain credit card. They close the existing card and you can proceed with your application for a new one.

      In some instances, customers usually wait for the new card to arrive before they cancel the old/existing credit card.

      I hope this helps.

      Have a great day!


  2. Default Gravatar
    July 27, 2017

    Thinking of getting cba gold card for $89. will this cover my travel insurance and golf clubs flying to Hobart for a week of golf?

    • Avatarfinder Customer Care
      July 28, 2017

      Hi Bob,

      Thank you for your inquiry.

      Yes, eligible cardholders can also take advantage of included international travel insurance. Cardholders need to activate the included travel insurance via NetBank or by calling CommBank before travelling to be eligible for full travel insurance cover. The travel insurance policy offers coverage for medical emergencies, lost/stolen/damaged luggage, expenses arising from unexpected delays and much more. This covers the cardholder, and his or her eligible spouse and dependent children so long as they also meet the eligibility requirements. You also get an extended warranty insurance and purchase protection insurance for eligible items bought with this card. Refer to the CommBank Credit Card Insurances booklet available on the CommBank website for full details.

      I hope this information has helped.


  3. Default Gravatar
    April 18, 2017

    How do i get 55days interest free if the balance is paid in full each month?

    • Avatarfinder Customer Care
      April 19, 2017

      Hi Ian,

      Thank you for your inquiry.

      The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.

      I hope this information has helped.


  4. Default Gravatar
    August 15, 2016

    Hi. i applied for this low rate gold credit card on 12.8.2016.and da application is done.can you tell me in how many days i receive my gold credit card. Thanks

    • Avatarfinder Customer Care
      August 15, 2016

      Hi Hassan,

      Thanks for your question.

      After your credit card application has been approved, you will typically receive your Commonwealth Bank credit card within 10 working days. You can then activate it via NetBank, in a branch or by calling 13 22 21.


  5. Default Gravatar
    April 16, 2016

    Does the card cover pre-existing medical condition such as a Cardiac Condition?

    • Avatarfinder Customer Care
      April 16, 2016

      Hi Edna,

      Thanks for your question.

      As stated in the Commonwealth Bank Credit Card Insurances PDS, a history of cardiovascular disease, and it is a pre-existing medical condition, cover for these conditions is excluded. For your reference, I have sent to your email the link of the PDS.


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