At a glance

What you'll get

  • $0 annual fee in the first year and subsequent years when you spend $10,0001
  • 19.74% p.a. purchase interest rate
  • Up to 55 days interest-free on purchases
  • Minimum credit limit of $4,000
  • Cashback benefits for eligible cardholders through CommBank Rewards2 in the CommBank app
  • Pay no international transaction fees for purchases you make overseas or online
  • Included international travel insurance, simply activate before you travel3
  • Up to 1 year extended warranty on most purchases4
  • Purchase security insurance available for most lost, stolen or damaged purchases5
  • Priceless® Cities offers and experiences

Trade-offs

  • You won’t earn Awards points
  • Higher interest rates on purchases compared to our Low Rate credit cards. May not be suitable if you only make minimum repayments over a prolonged period of time

CommBank Rewards

CommBank is rewarding you when you shop, which is why we’ve partnered with big brands to give you cashback when you activate and redeem your CommBank Rewards.

Personalised rewards

We'll send you shopping rewards based on where you've shopped before, and similar places we think you'll like.

Available to eligible2 Mastercard® cardholders in the CommBank app.

Mobile screen: CommBank Rewards in the CommBank app

Control & security for your card

Lock, Block, Limit

Instantly lock, block or limit your credit card for extra control through the CommBank app or NetBank.

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Stay in control of your spending

Security protection

  • 24-hour fraud protection that detects abnormal transaction spending habits
  • Free protection against fraud and other unauthorised transactions with Mastercard® Zero Liability
  • 24/7 emergency overseas assistance if you lose your card with Mastercard Global Service

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Mobile payments and wearables

Secure, cashless payments are possible using your compatible phone or wearable. You can make fast and secure payments with Apple Pay.

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Cyclist

Rates & fees

Other fees may apply so check our standard fees and charges and read the key facts about our credit cards.

Type
Rates & fees
Conditions
Additional cardholder fee
$0
   
Annual fee
$89
No annual fee in the first year. We’ll waive an annual fee in subsequent years if you spend $10,000 or more a year on purchases or cash advances in the previous year.  
Balance transfer rate
5.99% p.a.
Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across, cash advance rate thereafter. Conditions apply.
Cash advance interest rate
21.24% p.a.
Cash advances may be unavailable or subject to a limit restriction.  
Cash advance fee
$3.00 or 3.00% of the transaction amount – whichever is greater6
This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.6  
Interest free period on purchases
Up to 55 days
   
International transaction fee
0%
Pay no international transaction fees on purchases or cash advances you make overseas or in Australia (for example online) where the merchant or financial institution or entity processing the transaction is located overseas. For international cash advances, the cash advance fee will apply.
Late payment fee
$20
The amount charged if you don't pay the minimum amount, plus any overdue amount, by your statement due date.
Minimum credit limit
$4,000
     
Purchase interest rate
19.74% p.a.
   

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Things you should know

* Offer available on new Low Fee Gold credit cards applied for between 01/10/2021 and 28/02/2022. Offer not available on all other card types, existing cards, switches from other card types, and new Low Fee credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account. To be eligible for the $150 cashback on a new Low Fee Gold card, you need to spend at least $1,000 on purchases (not including balance transfers and cash advances) using your new card within 90 days of activation. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $150’. Cashback only available on one credit card per customer. We reserve the right to close the offer prior to 28/02/2022.

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Applications for credit cards are subject to credit approval. Full terms and conditions will be included in our Letter of Offer. Bank fees and charges apply. Please view our Credit Card Conditions of Use

1 The annual fee is waived in the first year and every subsequent year if you spend at least $10,000 in the previous year. Spend includes all purchases and cash advances fully processed in that year (excludes pending transactions) minus any refunds.

2 Eligible CBA credit or debit Mastercard, Business credit cards and StepPay customers, that are at least 18 years old, are not in hardship, and are not in default with any CommBank accounts can access CommBank Rewards through the latest version of the CommBank app. Terms and conditions including minimum spend requirements apply to CommBank Rewards and can be viewed within the CommBank app.

3 Travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period. You will need to activate your travel insurance for each trip in order to have a comprehensive level of cover. To activate your cover, register on Netbank, the CommBank app or call Cover-More on 1300 467 951 before you travel.

If you don’t activate you’ll receive Base medical which includes personal liability cover and unlimited overseas emergency medical assistance and hospital expenses only. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia.

If you purchase an Upgrade Policy, we receive a commission which is a percentage of your premium - ask us for more details before we provide you with any services on this product.including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here.

4  For extended warranty, purchases must be charged to the cardholder’s eligible credit card account or purchased by redeeming Commonwealth Awards points, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions.

5 Purchase security insurance provides 90 consecutive days of cover (from the date of purchase) in the event of loss, theft or damage. Purchases must be charged to the cardholder’s eligible credit card account or is purchased by redeeming Commonwealth Awards points, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions.

6 A maximum charge of $300 (or a flat fee of $3.00 applies if your closing balance on previous business day was in credit).

Mastercard and Priceless are registered trademarks and the circles design is a registered trademark of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124 Australian credit licence 234945.