In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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CommBank Low Fee Gold Credit Card

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CommBank Low Fee Gold Credit Card - DISCONTINUED
Terms and conditions apply
Balance transfer rate for 5 months with no balance transfer fee
5.99% p.a.
Purchase rate
19.74% p.a.
Annual fee for the first year ($89 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

No longer offered

As of 2 June 2023, the CommBank Low Fee Gold Credit Card will not be available for new applications. We’ve kept this information online for existing customers and for those who are interested. You can also compare a range of current no annual fee credit cards on Finder.

Pros

  • $300 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

Cons

  • The standard 19.74% purchase rate is relatively high
  • No rewards program, unlike on some other gold-tier credit cards

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
The CommBank Low Fee Gold card is one of few cards that has an annual fee waiver option. You can save with a $0 annual fee each year when you spend at least $10,000 in the previous year. You can also get extra value in the first year with the $300 cashback offer.

Details

Product details

Product Name CommBank Low Fee Gold Credit Card - DISCONTINUED
Balance transfer rate p.a. 5.99% for 5 months, then 21.24%
Purchase rate p.a. 19.74%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.24%
Min credit limit $4,000
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 ($89 after)
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $20
Foreign currency conversion fee 0%
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

How to apply

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

Eligibility criteria

  • New cardholder. The $300 cashback offer is only available to new CommBank Low Fee Gold cardholders. This means you won’t be eligible if hold, or have held, any CommBank Low Fee or CommBank Low Rate card in the 12 months before you apply.
  • Residency and work status. You must have the right to work in Australia.

Card benefits

  • $300 cashback. Apply for the CommBank Low Fee Gold Credit Card by 1 June 2023 and spend $1,500 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.
  1. Commbank.com.au, accessed 1 June 2023

Your reviews

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Amy Finder

Editor

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Donald

March 02, 2023

I want to apply for A Commbank low fee gold card.I can’t find any links to apply.I already have a Commbank Diamond Mastercard.Should I apply through Commbank or on Finder?


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Sarah Megginson Finder

March 02, 2023

Hi Donald,


The product isn’t available with Finder right now, so you should contact CommBank direct. As you’re already an existing cardholder, you may want to contact them to see how you could move from your current card to this new one.


Hope this helps!


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Tony

May 29, 2019

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


Avatar

Bella

May 29, 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,

Bella


Avatar

Carolyn

February 03, 2017

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


Avatar

May Finder

February 04, 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.


Cheers,

May


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CHARLIE

January 04, 2017

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


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Anndy Lou Finder

January 04, 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.


Cheers,

Anndy


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Kathy

December 01, 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?


Avatar

Jonathan Finder

December 01, 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.


Cheers,

Jonathan


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