Commonwealth Bank Low Rate Gold Credit Card – Review & Application
Commonwealth Bank Low Rate Gold Credit Card Overview
Apply online and get $50 cash back into your account after activation
The Commonwealth Bank Low Rate Gold credit card offers a very low purchase rate making it a great card to consider for those looking for a cheap credit card.
Features of the Commonwealth Bank Low Rate Credit Card:
- Receive Complimentary International Travel Insurance for your return trips of up to 3 months
- Enjoy worry-free shopping with the free Extended Warranty Insurance on most purchases
- Know that most of your purchases are safe thanks to the Purchase Security Insurance
- Benefit from enhanced security chip protection
- Get access to MasterCard® applause
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
5.99% p.a. for 5 months |
|---|---|---|
| Interest Rate on Purchases | |
13.49% p.a. |
| Annual Fee | |
$120 ($90 for qualifying customers) |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Gold |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
No |
Rates, Fees
The Commonwealth Bank Low Rate Gold credit card offers a competitive low purchase rate, up to 55 days interest free on purchases and:
- Interest rates 13.49% p.a. on purchases
- 21.74% p.a. on cash advances
- Up to 55 days interest free on purchases
- Annual fee: $120 ($90 for qualifying customers)
Smart Benefits for Smart People
If you like the idea of fast checkout while shopping you should be delighted to know that the Commonwealth Bank Low Rate Gold credit card offers PayPass payments at selected merchants. Paying for your shopping with PayPass is as easy as swiping your card in front of the PayPass reader, without having to sign for your purchase or battling the EFTPOS machine, trying to remember your PIN. PayPass shopping only applies to purchase of $100, or less.
As a qualified applicant you get a low annual fee of $120 ($90 for qualifying customers). If you have a partner you also get to have 1 additional cardholder free of charge.
Read the official terms and conditions
| Minimum Income | Minimum Age | 18 years of age | |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | Max Credit Limit | $15,000 |
| Annual Fee | $120 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $25 | Over Limit Fee | $25 |
| Overseas Emergency Replacement | $20 | Overseas ATM Balance check | |
| Overseas ATM Withdrawal | $4 | Foreign Currency Conversion Fee |
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