CommBank Low Rate Gold
Save with a 0% interest rate on purchases for the first 15 months and get gold perks including international travel insurance.
Apply by 29 February 2020 and save on interest costs with 0% p.a. on purchases for the first 15 months. After the introductory period, it reverts to the low variable rate of 13.24% p.a. and offers up to 55 days interest-free on purchases.
5.99% p.a.
Balance transfer rate
for 5 months
0% p.a.
Purchase rate
for the first 15 months (reverts to 13.24% p.a.)
$89 p.a.
Annual fee
55 days
Interest free period
Details
| Product Name | Commonwealth Bank Low Rate Gold Credit Card |
|---|---|
| Balance transfer rate | 5.99% p.a. for 5 months |
| Balance Transfer Revert Rate | Cash Advance Rate (21.24% p.a.) |
| Balance Transfer Limit | 90% of available balance |
| Purchase rate (p.a.) | 0% for 15 months, reverts to 13.24% p.a. |
| Annual fee | $89 p.a. |
| Interest Free Period | 55 days |
| Cash advance rate (p.a.) | 21.24% p.a. |
| Min credit limit | $4,000 |
| Card Type | Mastercard |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary Travel Insurance | Yes |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | Yes - Conditions apply |
| Joint Application | No |
Pros
- 0% p.a. on purchases for the first 15 months
- Included travel insurance, extended warranty and purchase security insurance covers
- Low standard interest rate of 13.24% p.a. on purchases
Cons
- 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% of transaction value.
| Annual fee | $89 p.a. |
|---|---|
| Minimum Monthly Repayment | 2% of the closing balance or $25, whichever is greater |
| Late Payment Fee | $20 |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| 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 |
Expert review
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.
