Commonwealth Bank Credit Cards with No Annual Fee

Information verified correct on September 28th, 2016

Save on fees with a no annual fee credit card from Commonwealth Bank

If you don’t use your card regularly or just want to cut down on credit card costs, a card with no annual fee can help minimise some of those fees. Commonwealth Bank’s no annual fee credit cards all come as promotional offers that revert to the standard annual fee after the first year. So while you’ll enjoy the savings in the first year of owning the card, it’s important to know what the revert annual fee is to avoid any nasty surprises once the promotional period ends. As Commonwealth Bank offer a few no annual fee products, it’s best to use the comparison table below to compare your options and find the right card for you.

Compare Commonwealth Bank Credit Cards with No Annual Fee

Rates last updated September 28th, 2016.

Commonwealth Bank Business Platinum Awards credit card

First year annual fee waiver has been extended until 31 October 2016.

September 2nd, 2016

Commonwealth Bank Business Interest Free Days credit card

First year annual fee waiver has been extended until 31 October 2016.

September 2nd, 2016

View latest updates

Jonathan Choi Jonathan
Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.)
Commonwealth Bank Business Platinum Awards credit card
Earn up to 3 Awards points per dollar spent, enjoy complimentary insurances and $0 annual fee for the first year.
$0 p.a. annual fee for the first year ($300 p.a. thereafter) 20.74% p.a. Go to site More info
Commonwealth Bank Business Interest Free Days credit card
Take advantage of $0 annual fee for the first year. Get up to 55 interest-free days on purchases and included transit accident insurance.
$0 p.a. annual fee for the first year ($60 p.a. thereafter) 17.57% p.a. Go to site More info

How to compare a Commonwealth Bank No Annual Fee Credit Card

As there are a few Commonwealth Bank cards with no annual fee on the market, you’ll need to compare the other features of the card to pick the right one for you. When comparing no annual fee credit cards, some of the features and factors you should pay attention to include:

  • Length of promotional offer. If the no annual fee is only in place for a promotional period, such as a year, make sure you know exactly how long it is and when the standard annual fee will kick in.
  • Standard annual fee. With Commonwealth Bank’s current no annual fee offers, standard annual fees can sit between $60 and $300. If you intend to keep the card beyond the promotional no annual fee offer, make sure you know what the standard revert rate is and whether the cost is outweighed by the benefits of the card.
  • Terms and conditions. If a no annual fee promotion is in place, you might need to meet a spend requirement or apply before a set date to qualify. Make sure you understand what these terms and conditions are before applying.
  • Interest rate. If you regularly use a credit card for purchases, make sure you know what the interest rate is. No annual fee cards generally have less competitive interest rates than other cards, so you’ll need to calculate whether the cost you’re saving from the $0 annual fee outweighs the amount you’ll be paying on interest to determine whether the card is right for you.
  • Other features. As well as the $0 annual fee, compare the other features of the card to make sure it’s a suitable option for you. If you’re a frequent traveller, a card with the Commonwealth Bank Awards program and complimentary travel insurance could come in handy. Whereas if you want to save on costs, a card with a low or no balance transfer rate or interest-free days could be better for you.

A no annual fee credit card can be a great way for cardholders to save on regular credit card fees. However, as Commonwealth Bank isn’t the only provider that offers no annual fee offers, it’s important to compare all of your options before you apply.

Compare current offers from Commonwealth Bank credit cards

Back to top
Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Credit Cards Comparison

Rates last updated September 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback