CommBank Low Rate Gold
Get a variable interest rate of 13.24% p.a. on purchases and gold perks – including $200 cashback.
The Commonwealth Bank Low Rate Gold credit card offers a competitive variable purchase rate, up to 55 days interest-free on purchases and $200 cashback until 31 July 2019.
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
Details
| Product Name | Commonwealth Bank Low Rate Gold Credit Card |
|---|---|
| Balance Transfer Rate | 5.99% for 5 months |
| Balance Transfer Revert Rate | Cash Advance Rate (21.24% p.a.) |
| Purchase Rate | 13.24% p.a. |
| Annual Fee | $89 |
| Interest Free Period | 55 days |
| Cash Advance Rate | 21.24% p.a. |
| Minimum 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
- Included travel insurance, extended warranty and purchase security insurance covers.
- Balance transfer rate of 5.99% p.a. for the first 5 months.
- Low 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 3% of transaction value foreign transaction fee.
| Annual Fee | $89 |
|---|---|
| Minimum Monthly Repayment | 2% of transaction value 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.
