Experience financial freedom with the Commonwealth Bank Low Fee Credit Card, offering low fees and perks that enhance your spending experience.
What you need to know about this credit card:
- Purchase interest rate: 20.99% p.a.
- Monthly fee: $0 when you spend at least $300 in your statement period; otherwise, $3.
- Minimum credit limit: $500.
- Interest-free period on purchases: Up to 55 days.
Pros
- Complimentary Purchase Security and Extended Warranty Insurance: Protect your purchases with Cover-More’s insurance services.
- No monthly fee when you spend $300: Save money by meeting the minimum spend requirement each month.
- Manageable credit limit starting at $500: Ideal for those new to credit cards or wanting to control spending.
- Up to 55 days interest-free on purchases: Enjoy extended time to pay off your balance without incurring interest.
- Wide acceptance: Use your card anywhere Mastercard is accepted, globally.
Cons
- No Awards points earned: Miss out on accumulating rewards for your spending.
- International transaction fees apply: Extra costs when using the card overseas.
Why Choose Commonwealth Bank for your credit card?
While Westpac offers similar low-fee cards, Commonwealth Bank provides additional benefits like purchase security insurance, enhancing your protection.
Compared to NAB’s offerings, this card balances low fees with valuable perks, rather than focusing solely on low interest rates.
ANZ may provide rewards points, but if minimizing fees is your goal, Commonwealth Bank’s Low Fee Credit Card is a more cost-effective choice.
Macquarie Bank’s cards might offer competitive rates, but Commonwealth Bank’s extensive branch network ensures better customer support.
Unlike HSBC’s basic cards, the Commonwealth Bank Low Fee Credit Card includes extended warranty insurance for extra peace of mind.
Commonwealth Bank Low Fee Credit Card: let’s get to know it a little better
How to apply for your Commonwealth Bank Low Fee Credit Card
Ready to enjoy low fees and great benefits? Click the button below to discover all the details and apply for your Commonwealth Bank Low Fee Credit Card on the next page!