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$200 Cashback on Low Fee Gold Credit Card, $150 on Low Fee Card: $1000 Spend by 31/12, New Cardholders Only @ CommBank

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$200 Cashback on Low Fee Gold Credit Card, $150 on Low Fee Card: $1000 Spend by 31/12, New Cardholders Only @ CommBank
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LHoze on 31/08/2021 - 15:52 commbank.com.au (736 clicks)
Last edited 31/08/2021 - 18:30 by 1 other user

Low Fee Gold and Low Fee credit cards from Commbank

For Low Fee Gold card

  • Offer not available on all other card types, existing cards, switches from other card types, and new Low Fee Gold credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior.
  • $200 cashback when you apply by 30 September and spend $1,000 on purchases by 30 December.
  • $0 annual fee in the first year and subsequent years when you spend $10,000

For Low Fee card

  • Offer not available on all other card types, existing cards, switches from other card types, and new Low Fee credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior.
  • $150 cashback when you apply by 30 September and spend $1,000 on purchases by 30 December.
  • $0 annual fee in the first year and subsequent years when you spend $1,000

Terms & Conditions

Financial Cashback Credit Card MasterCard

Related Stores

Commonwealth Bank
Commonwealth Bank

closed Comments

  • [Deactivated] on 31/08/2021 - 15:57
    +2

    I don't need another credit card.. but I don't mind another $200.. what to do..

    • twistedbow on 31/08/2021 - 16:10
      +1

      1) Get the card
      2) Put essential spending on the card such as phone, gas, internet, electricity, water, groceries, etc
      3) Get $200 cashback
      4) cancel card once you receive $200 cashback.

      Note: Cashback will be credited within 90 days of you meeting the spend criteria.

  • zylyz on 31/08/2021 - 16:11

    10,000 yearly spend

    • popsiee on 31/08/2021 - 17:32

      Some obviously are clueless how easy it is to spend on promo discounted gift cards !

  • Bargain reaper on 31/08/2021 - 17:26

    Wait…do you have to spend 10000 total to get first year annual fee waived? Cuz I'm planning to spend a thousand and get out lol

    • Homr on 31/08/2021 - 18:13
      +2

      1st year annual fee waived. Spend the thousand, get cashback, cancel card

  • Homr on 31/08/2021 - 18:14

    I currently bank with CBA and have the rewards mastercard, will I still be eligible?

  • Homr on 31/08/2021 - 18:27

    Offer not available on all other card types, existing cards, switches from other card types, and new Low Fee Gold credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior.

    Damn, I still hold a low fee card as backup, I'm not eligible :(

  • firestint on 31/08/2021 - 20:53

    Not sure why this deal is getting more upvotes than this. If you get the gold one, this one gives you 20% cashback whereas the Westpac one gives you 10% cashback over $4k spend?

    • Bargain reaper on 31/08/2021 - 21:56
      +1

      Well I'm definitely spending close to 4k anyways…can prob get both? So 600 bucks back

      • UrMumsOnlyFan on 03/09/2021 - 01:06

        That's what I'm thinking, though I would hope there is a better offer in the meantime while lining up the second card.

    • UrMumsOnlyFan on 03/09/2021 - 01:04

      Because % of minimum spend requirement is not necessarily a useful metric for a credit card offer. A card giving $1 back on $1 spend is stupid, even if it is a 100% cashback offer.

  • Big Lenny on 01/09/2021 - 08:49

    thanks, some water and council bills coming up, will apply for this

  • USER DC on 02/09/2021 - 07:13

    Does anyone know maximum credit limit on this that it will report to the credit scoring places?

    I am only really looking to spend $1000, pay $1000 in full before due, take bonus, and f off the card.

    If someone has past experience anyone know how long before to not apply for a credit card if you are potentially looking for a loan application in future?

    • UrMumsOnlyFan on 03/09/2021 - 01:16

      Does anyone know maximum credit limit on this that it will report to the credit scoring places?

      The credit limit reported will be the credit limit on the card.

      I am only really looking to spend $1000, pay $1000 in full before due, take bonus, and f off the card.

      That's the idea.

      If someone has past experience anyone know how long before to not apply for a credit card if you are potentially looking for a loan application in future?

      No one could answer definitively. It would depend on your circumstances and on how the credit provider assesses things (which is already fairly opaque).

  • USER DC on 02/09/2021 - 07:32

    Important thing to note is how the heck Commbank still making a profit of more than $200, from our mere $1000 spending. If I am not wrong they only get like <5% back, and giving away 20% ?

    • UrMumsOnlyFan on 03/09/2021 - 01:20
      +7

      There's no mystery how banks make money from credit card products - fees and interest charges, spread across the customer base.

      Don't worry about their profitability, focus on your own :)

  • USER DC on 05/09/2021 - 12:53
    -1

    Just wanted to let people know, because it does not say anywhere on the website or no-one tells you, you need the a minimum of " maximum credit limit of about $4000 or higher" to be able to qualify for the low fee gold CC ($200 cashback one)

    And honestly so hard process, so difficult to put casual income, probably going to have my application refused upon verification of documents or something. Even though clearly make more than usual part timers, and phone wait with Combank is so longgggg.

    Would not be sad at all if do not end up getting CC, rather happy to not be a bank that cannot answer customers quickly. I am very happy i abandoned Commbank to be my everyday bank years ago For ING

    • UrMumsOnlyFan on 05/09/2021 - 17:31

      it does not say anywhere on the website or no-one tells you, you need the a minimum of " maximum credit limit of about $4000 or higher" to be able to qualify for the low fee gold CC ($200 cashback one)

      The minimum credit limit for the Gold is stated clearly on the website - https://www.commbank.com.au/credit-cards/credit-cards-offers…

      Low Fee Gold credit card

      • $0 annual fee in the first year and subsequent years when you spend $10,000[1]

      • 19.74% p.a. purchase interest rate

      • Minimum credit limit of $4,000

      • USER DC on 05/09/2021 - 17:50
        -3

        If you knew then Could have put it here, https://www.ozbargain.com.au/comment/10990835/redir

        • UrMumsOnlyFan on 05/09/2021 - 18:02
          +1

          The question you had asked previously was "Does anyone know maximum credit limit on this that it will report to the credit scoring places?"

          That question is completely different from "What is the minimum credit limit?"

          If you don't understand the difference between those two questions that is a concern.

  • UrMumsOnlyFan on 02/10/2021 - 23:03

    I can confirm that BPay via BeemIt qualifies as eligible spend with this card.

  • kuwahshi on 06/10/2021 - 17:18

    Does anyone know how soon after you meet the spend limit you receive the cashback?

    • UrMumsOnlyFan on 06/10/2021 - 22:35
      +1

      A little under two weeks for me.

      • Buddy195 on 11/10/2021 - 10:19

        I've not received my cash after 2 weeks? But as they state it's within 90 days, I'm not overly concerned. Actually might keep the card as it's a good deal.

  • iBennyz on 15/10/2021 - 08:22

    Got my $200 cashback 2 weeks after reaching minimum spend

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