10% Cashback on Purchases for 3 Months (up to $100/Month) with Commonwealth Bank Low Rate Gold Credit Card ($89 Annual Fee)

100

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asa79 on 03/09/2019 - 12:45 commbank.com.au (496 clicks)
Last edited 03/09/2019 - 12:59 by 1 other user

Earn on the go with up to $300 cashback
Enjoy 10% cashback on purchases, up to $100 per month, for the first three months with a new Low Rate Gold credit card. Apply by 31 October 2019.1

Apply for a new Low Rate Gold credit card by 31 October 2019
Spend on your new card and receive 10% cashback on eligible purchases up to $100 per month, for the first three months
Your cashback will be credited to your account each month within 90 days of you meeting the monthly eligibility criteria
Keep in mind, if you’ve held any Low Rate credit cards in the last 12 months, you won’t be eligible for the offer.

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Commonwealth Bank

• 

  MrBradPrime on 03/09/2019 - 12:57

  +2

  Maybe put CommBank'CREDIT CARD' in the Title?

  And possibly something about the no rewards and the $89 annual fee…

  • 

    NonSense on 03/09/2019 - 13:16

    good point. not really worth it as max benefits is only $201.

    • 

      MrBradPrime on 03/09/2019 - 13:36

      Could say it's NonSense really :)

    • 

      hanofee on 03/09/2019 - 14:28

      +3

      But I thought 300-89=211? :P

      • 

        NonSense on 03/09/2019 - 15:14

        Well I must made $10 lost on my stupid. Lol

  • 

    asa79 on 03/09/2019 - 13:39

    Is there another card that is offering more?

    • 

      MrBradPrime on 03/09/2019 - 13:42

      There may not be - and some may see this as a good deal :)

      Some may see it as 3 months work for a possible $201 haha

      • 

        asa79 on 03/09/2019 - 13:51

        If you spending that much per month, $201 is probably more then you would make from similar reward cards, or would reward points be worth more, i havent really compared

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  xdivino on 03/09/2019 - 13:17

  There's the cheaper $59 fee card.. that says up to $300 as well.
  Less the $59 over the 3x months would net you $241 discount over the 3x months..
  Seems like there would be tricky parts to it however..
  EDIT: So if you get the 5% cashback on the cheaper card, it's just harder to hit the $100 cap? That's the only difference I can see.. so you'd just have to spend a bit more? $89 fee only gives you $211 overall so it's still alright just seems like a weird deal.

  • 

    xdivino on 03/09/2019 - 13:23

    +1

    So it's basically, Pay $89.
    Spend $1000 per month, get $100 statement credit. For 3months.

    The cheaper card being 5% with same caps means $2000 spend per month for 3x months and $100 credit per month.

    Math not my strong suit today.

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  vikvance on 03/09/2019 - 14:55

  Damn! Just got their card last month for the $100 cashback, and now they go and increase the cashback to $300. :'-(

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  yht on 03/09/2019 - 15:13

  Applying credit card is so much harder nowadays, especially when they can see how many credit cards and the limits that you have.

  • 

    asa79 on 03/09/2019 - 17:47

    Really depends on how much you earn, if you full time employed and can show you can pay it off, to how hard it is

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  paul11 on 09/09/2019 - 19:27

  I got excited as I am looking to spend around $5K on air-tickets soon. Then saw capped to $100/month.

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  ribbonsofnight on 20/09/2019 - 12:52

  Would this allow you to spend the money on electricity bills and woolworths gift cards? I'm not sure it's a great use of my time but $211 is a fair bit of money and even if the money spent of gift cards takes more than 6 months to spend that would be fine (I wouldn't need to buy 6 months worth if electricity bills work)