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Commonwealth Bank

$300 cashback offer

Commonwealth Bank Low Fee Credit Card

Balance transfer

Not Available

Purchase rate

20.99%

Annual fee

$0 1st year

Earn $50 each month when you spend $500 or more per month for the first 6 months

Highlights

https://www.commbank.com.au/credit-cards/low-fee.html?ei=lowfee_lf_tellmemore

No monthly fee if you spend at least $300 in your statement period. Otherwise monthly fee is $3 or $36 yearly.

Up to 55 days interest free on purchases.

Minimum credit limit of $500.

Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers2 in the CommBank app.

Complimentary access to book flights and hotels for eligible customers via Travel Booking (Provided by Hopper).

Complimentary Purchase Security and Extended Warranty insurance provided by Cover-More.

Main features

Rate type	Rate %	Duration
Balance transfers	-	-
Purchases	20.99% p.a.	-

Fees

Fee type	Fee %	Min fee $
Cash advances	3%	$4

Fixed Fees

Fixed fees	Fee $	Fee amount
Annual fee Thereafter	$0 $36	1st year per year
Monthly fee	-	-

More information

The Commonwealth Bank Low Fee Credit Card offers a $0 montly fee if you spend at least $300 in your statement period. Otherwise monthly fee is $3.

The card also comes with 55 interest-free days, as long as you pay your balance off in full each statement period; otherwise, the purchase rate is 20.99%.

You can use the Commonwealth Bank Low Fee Card anywhere in the world where Mastercard is accepted - that's over 32 million locations in case you're wondering. If you are a frequent traveller or overseas online shopper, there is a 3.50% international transaction fee to budget for though.

Finally, Get $50 each month when you spend $500 or more per month for the first 6 months on a new Low Fee credit card.

Terms & conditions

Offer commenced 3 December 2024 and is only available to customers in CommBank Yello Everyday, Everyday Plus or Homeowner benefit sets when they apply for a new Low Fee credit card. Offer not available to customers who currently hold, or have held, any activated Low Fee or Low Rate card types in the 18 months prior as a primary cardholder or customers who switch from other card types.

$50 cashback will be awarded for every month (statement period) $500 or more is spent on eligible purchases for 6 consecutive statement periods. Maximum cashback available is $300. The first eligible spend period will commence from the day your account is opened, up to the end of your second statement period. After this date, the offer spend requirements will align to each statement period that follows until exhausted. Transactions must be fully processed and any pending transactions at the end of the statement period will not count towards the spend criteria. Cash advances and refunds (including CommBank Yello cashback offers) are not included as eligible transactions.

Cashback will be credited within 90 days of each eligible statement period where the spend criteria has been met and will appear on your statement as ‘CASHBACK’. 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.

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