In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
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CommBank Low Fee Credit Card
Terms and conditions apply
Purchase rate
20.99% p.a.
Annual fee for the first year ($36 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Get up to $200 cashback and a waived monthly fee with the CommBank Low Fee Credit Card.

The CommBank Low Fee Card charges a $3 monthly fee that is waived if you spend at least $300 per month. Its $200 cashback offer means you can enjoy some extra value when you first get the card.

Pros

  • Up to $200 cashback offer
  • Waived $3 monthly fee when you spend $300 per month
  • Up to 55 days interest-free on purchases

Cons

  • 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

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews

The CommBank Low Fee Credit Card gives you $50 cashback on your account when you apply and spend at least $500 per month for the first 4 months (up to a maximum total of $200 cashback).

Details

Product details

Product Name CommBank Low Fee Credit Card
Purchase rate p.a. 20.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $500
Card type Mastercard

Eligibility

Available to temporary residents Yes - Conditions apply
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee $0 first year ($36 after)
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $20
Foreign currency conversion fee 3.5%
Cash advance fee 3% or $4, whichever is greater
Overseas cash advance fee $4 or 3% of the transaction value (whichever is greater)
Additional cardholder fee $0
Number of additional cardholders 1

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

  • Up to $200 cashback. This card offers you $50 cashback each month when you apply, get approved and spend $500 or more on eligible purchases for the first 4 months. Eligible purchases cover most everyday spending but exclude cash advances and account fees.
  • CommBank Yello Cashback Offers. This customer recognition program offers cashbacks through the CommBank app. New customers who are in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) and applying for a CommBank Low Fee Credit Card can receive $60 cashback each month for the first 4 months if they spend at least $500 per month (up to a maximum total of $240 cashback).

Rates & fees

  • Purchase rate. The variable interest rate on purchases is 20.99% p.a.
  • Cash advance rate. If you use the card for cash advances, such as ATM withdrawals, you'll be charged the 21.99% p.a. variable interest rate.

Your reviews

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