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CommBank Low Fee Gold Credit Card: $300 Cashback with $1500 Spend within 90 Days, $0 1st Year Fee (Save $89), New Cardholder

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CommBank Low Fee Gold Credit Card: $300 Cashback with $1500 Spend within 90 Days, $0 1st Year Fee (Save $89), New Cardholder
Go to Deal
TRDSupra on 08/03/2022 - 11:48 commbank.com.au (7030 clicks)
Last edited 07/11/2022 - 10:01 by 4 other users

CommBank Low Fee Gold Credit Card

Enjoy $300 cashback to spend how you want. Apply by 30 June 2022 and spend $1,500 on purchases within 90 days of card activation.

What you'll get
$0 annual fee in the first year and subsequent years when you spend $10,000
19.74% p.a. purchase interest rate
Up to 55 days interest-free on purchases
Minimum credit limit of $4,000
Cashback benefits for eligible cardholders through CommBank Rewards2 in the CommBank app
Pay no international transaction fees for purchases you make overseas or online
Included international travel insurance, simply activate before you travel3
Up to 1 year extended warranty on most purchases
Purchase security insurance available for most lost, stolen or damaged purchases
Priceless® Cities offers and experiences

Rates & fees
Other fees may apply so check our standard fees and charges and read the key facts about our credit cards.

Type
Rates & fees
Conditions
Additional cardholder fee
$0

Annual fee
$89
No annual fee in the first year. We’ll waive an annual fee in subsequent years if you spend $10,000 or more a year on purchases or cash advances in the previous year.
Balance transfer rate
5.99% p.a.
Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across, cash advance rate thereafter. Conditions apply.
Cash advance interest rate
21.24% p.a.
Cash advances may be unavailable or subject to a limit restriction.
Cash advance fee
$3.00 or 3.00% of the transaction amount – whichever is greater6
This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.6
Interest free period on purchases
Up to 55 days

International transaction fee
0%
Pay no international transaction fees on purchases or cash advances you make overseas or in Australia (for example online) where the merchant or financial institution or entity processing the transaction is located overseas. For international cash advances, the cash advance fee will apply.
Late payment fee
$20
The amount charged if you don't pay the minimum amount, plus any overdue amount, by your statement due date.
Minimum credit limit
$4,000

Purchase interest rate
19.74% p.a.

Financial Cashback Credit Card MasterCard

Related Stores

Commonwealth Bank
Commonwealth Bank
MasterCard AU
MasterCard AU
Marketplace

closed Comments

  • M00Cow on 08/03/2022 - 12:02

    You will need to activate your travel insurance for each trip

    🙄

    I can't see any info in sup cards?

    • Sudoku6 on 08/03/2022 - 12:47
      +1

      $10 p.a. additional cardholder fee

      • J4ckal on 08/03/2022 - 16:57

        I'm seeing $0? Top of the table

        • Sudoku6 on 08/03/2022 - 19:01

          They must have updated it, I just copied that from their website

  • RolePlayer88 on 08/03/2022 - 12:42

    What if I had this card 3 months back? Any restrictions on previous cardholders?

    • Sudoku6 on 08/03/2022 - 12:45

      Offer not available if you currently hold, or have held, any Low Rate card type in the 12 months prior.

      • UrMumsOnlyFan on 08/03/2022 - 20:14
        +1

        The correct T&Cs are:-

        Offer not available on all other card types (including Low Fee), 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.

    • USER DC on 08/03/2022 - 22:32

      Yup i had this card couple months ago too, Shame i only got $250. :( . But again my ,minimum spend was $1000 i think that time.

  • dm02 on 08/03/2022 - 12:55
    +3

    anyone know if this card is easy to get approved for?

  • itzSTARSCREAM on 08/03/2022 - 13:39

    Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $300’.

  • bk1973 on 08/03/2022 - 14:32
    +9

    I had this card. One thing I really liked is that there was no minimum spend to get international travel insurance. However, as noted above, you have to "activate" your insurance for a trip before you leave (i.e., go to a website and put in the requested details). Some cards have a $500 minimum spend prior to departing to activate insurance, which normally is OK, but if you have a points-based ticket or your ticket is paid for by someone else, and you're visiting overseas friends/family, you may not have that $500 pre-spent before departing.

    I cancelled the card because (a) wasn't travelling due to COVID and didn't want to pay the annual fee, and (b) wanted to redo the deal again one day.

    • andyfc on 08/03/2022 - 18:05
      -1

      No covid cover makes this complimentary travel insurance useless at the moment.

      • Employeejazzza @ Commonwealth Bank on 08/03/2022 - 18:45
        -1

        borders are open for 4 months already.

        • hunterxhanzo on 08/03/2022 - 19:15

          They are open but what if you get COVID during the trip? Then you are stuck abroad AFAIK.

        • andyfc on 08/03/2022 - 21:14
          +3

          Re-read my comment. Commonwealth complimentary travel insurance EXCLUDES covid.

          Therefore, any commentary on this international travel insurance is basically void right now.

          ANZ on the other hand have just changed their complimentary insurance to include covid.

          • nightelves on 13/06/2022 - 13:35

            @andyfc: Anz you have to spend $250 for travel insurance cover I believe.

  • endolphin on 08/03/2022 - 15:33

    20% cash back. Not bad.

  • Gazpacho on 08/03/2022 - 18:32

    With CBA, would dropping down to the No Fee card (when you hit the $1000 min. spend per annum) mean you get another credit check?

    • Owgasm on 09/03/2022 - 08:41

      Nope :)

      • Gazpacho on 09/03/2022 - 09:08

        Thanks!

  • taki on 08/03/2022 - 20:01

    Is this of other better than the Latitude 28 Global (ex GE money)?

  • izkai67 on 08/03/2022 - 20:23

    better get me bank cc, no annual fee ever, interest 11.99% simple card

    • endolphin on 08/03/2022 - 20:48
      +10

      If anyone ever pays attention to the interest rate, credit cards are NOT for them.

      This is a churn and burn baby. As I said, 20% cash back on $1.5k spend, then close.

  • SaintSteve on 08/03/2022 - 22:13

    Nice deal

    I’m probably eligible again after 12 months or so since I cancelled my last card

  • Puliyo on 09/03/2022 - 10:52
    +3

    There's also "CASHBACK $200" for low fee credit card if you get rejected on Low Fee Gold like me.

    https://www.commbank.com.au/credit-cards/low-fee.html

    • SaintSteve on 10/03/2022 - 22:07

      I might have to go for this one as I only receive about $500 a week

    • iDrownFish on 28/03/2022 - 22:11

      I haven’t applied for a cc before but was going to go for this one. I’m worried I’ll get rejected though, do they mention the reason of rejection??

      • SaintSteve on 06/04/2022 - 06:17
        +2

        I'm on a disability support pension and only receive $988 a fortnight so applied for the $200 cashback card with the minimum $500 credit limit and they approved it quickly

      • Puliyo on 06/04/2022 - 12:35

        Reckon my income is not good enough for Gold CC. Got rejected right away while in process of filling the form online.

  • Hoges64 on 09/03/2022 - 11:34

    I'm not sure I understand what CBA get out of this?

    Are they hoping enough people just stick with the card after they get their $300 that they make it all back on yearly fees and interest?

    $300 free money seems insane.

    • WhatsTheBigDeal on 09/03/2022 - 13:44

      Well there’s usually plenty of other bank card offers which gets you $500+ worth of points
      But this is the first time I’m seeing CBA offering cashback. Good one, I might apply as I’m a CBA customer

  • toobzy on 09/03/2022 - 11:42

    Is there a minimum annual salary amount?

  • Mikay89 on 09/03/2022 - 14:51

    "Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $300’."

    Anyone having previous experience with CBA know how long they take to apply the cashback? Sure they say within 90 days, but no-one wants to actually wait 90 days! Perhaps within the next statement period be more realistic?

  • vanilla-pie on 10/03/2022 - 22:45
    +1

    Is there minimum salary required to be approved for this?

  • coolsteps on 13/03/2022 - 00:00

    can one simply transfer $10000 from their cba savings account onto their cba credit card account and then back triggering a cash advance thus hit with the $3 fee but no interest and avoid having to pay a $89 annual fee? has any one tried it?

    • SabreTooth23 on 31/03/2022 - 12:55

      I dont think its a good idea. Op says “$3.00 or 3.00% of the transaction amount – whichever is greater” 3% of $10,000 is 300$

    • LemonShapedRock on 13/10/2022 - 22:32
      -1

      Short answer is yes, here are the T&Cs:

      The annual fee is waived in the first year and every subsequent year if you spend at least $1,000 (Low Fee) or $10,000 (Low Fee Gold) in the previous year. Spend includes all purchases and cash advances fully processed in that year (excludes pending transaction) minus any refunds.

  • CheapFart on 15/03/2022 - 17:37

    Do bills count as a purchase?

    • FeZZa21 on 17/03/2022 - 15:57
      +1

      Yes, other CCs specify local/state government bills are excluded e.g. transport/rego, ATO etc but this one doesn't seem to have any limitations I can find.

  • firestint on 15/03/2022 - 21:43

    Offer available on new Low Fee Gold credit cards applied for between 01/03/2022 and 30/06/2022. Offer not available on all other card types (including Low Fee), 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.

    • TRDSupra on 18/03/2022 - 01:44

      That wasn't the case with me regarding being a Commbank Credit Card holder within the 12 months period. I cancelled my low rate Commbank Credit Card and 5 minutes later on the same day I posted this deal I applied for and got approved to my surprise.

      • UrMumsOnlyFan on 18/03/2022 - 07:22

        The T&Cs are saying this specific cashback offer applies only to new Low Fee Gold cards. The cashback won't be awarded on any other new card types, if you already have an existing card, if you switch an existing card to Low Fee Gold, or if you currently hold any type of Low Fee card or have held one in the previous 12 months.

        Outside of those clauses, it doesn't matter what other CommBank cards you have (or have had). Note that Low Fee and Low Rate are different products.

      • firestint on 18/03/2022 - 08:18

        Probably what the splingee said below. But even if you got the same type of card, you could still be approved but not get the bonus offer I suppose, from the TnCs?

  • SabreTooth23 on 22/03/2022 - 11:35

    Has anyone asked by cba to visit a branch and provide certain documents?

  • FeZZa21 on 22/03/2022 - 15:52

    still haven't heard back from commbank regarding my application after 2 weeks, sent income details via email on the same day I applied

  • yellowfever on 22/03/2022 - 23:23

    I have a CBA savings account with debit MasterCard.
    Do I qualify for this offer?

    • HereToSave on 24/03/2022 - 00:16

      I’d like to know too.

  • tabboy on 24/03/2022 - 10:02
    +1

    Crazy, I got denied… Maybe I've been churning too many cards lately. Wish they'd tell you why after the application is rejected. Can you call up and get a reason why?

    • eastmeetswests on 26/03/2022 - 09:48

      What is your current credit score?

      • tabboy on 26/03/2022 - 15:20

        Score is excellent, 822.

        • eastmeetswests on 26/03/2022 - 16:21
          +1

          Ah, mine is similar but I applied and has been conditionally approved pending document submission. I have a similar credit score and have been churning a lot. I don't have any current open cards.

          Perhaps worth calling Commbank to check and enquire why

  • bongo007 on 28/03/2022 - 16:07
    +1

    Applied 15th, card received today.

    • eastmeetswests on 29/03/2022 - 20:58

      How long did it take for your application to get approved unconditionally?

      • FeZZa21 on 30/03/2022 - 12:46

        still awaiting for my application since 8th March, man these guys are slow af

      • bongo007 on 01/04/2022 - 15:33

        It happened pretty quick I think, there was no real notifications of each step. I had an email on the 26th saying "we notice you have not activated your card yet"! So it must have been sent a few days before that?
        I think the letter with the card said approved 22/03 or something like that.

  • SabreTooth23 on 31/03/2022 - 13:01

    Applied 11, received the card yesterday. Commbank have a weird process. NEver had account with them but a few days after i submit my application, I received an email and was asked to visit their branch but I ring them to confirm the reason why and was told that my recent application created another profile. The person I spoke with was able to fix the issue during the call and told i no longer need to visit the branch and the application will be processed from then on.

    • eastmeetswests on 05/04/2022 - 10:12

      I just had a similar experience. Received text and email.

      Called to ask what the issue was, lady on phone was confused because my card had been approved 15 minutes after I got the text message.

      I was told it would take 10 to 15 business days to receive the card.

  • timhn on 01/04/2022 - 14:27

    Applied but there is no way to upload pay slips?

    • SabreTooth23 on 01/04/2022 - 15:04
      +1

      I received an email from them:
      How to upload your documents:
      - Go to the NetBank My home page and Offers & apply tab and select My applications.
      - Select your application and follow instructions for how you can get these documents to us (in most cases you will be able to upload them online).
      - OR Email your documents to [email protected] (you must include ONLY your application number as the subject. Your application number is 11 digits long and starts with the number '6')

      • timhn on 01/04/2022 - 15:15
        +1

        Select your application and follow instructions for how you can get these documents to us (in most cases you will be able to upload them online).

        Checking application status in Netbank, I'm only see the message "Our team is now reviewing everything you've told us before making a decision on your credit card application. We'll be back in touch soon."

        • SabreTooth23 on 01/04/2022 - 15:40

          I didnt checked netbank when I submitted my application but I did email my payslips to creditcarddocs with application number on the email subject when I received their email.

          • timhn on 04/04/2022 - 15:03

            @SabreTooth23: How long after you submitted the application to receive their email?

            • SabreTooth23 on 05/04/2022 - 00:03

              @timhn: It took more than a week. At first I thought I got declined Lol

          • timhn on 04/04/2022 - 19:12

            @SabreTooth23: My partner just applied and get the email almost within few minutes later !!

            But they are asking for :
            - 3 months bank statement
            - letter from employer
            - 2 payslips
            - notice of assessment

            What the heck? I've never seen any one ask for "notice of assessment" for a CC application. Partner is a salary earner - not contractor or freelancing so income is fixed every month. And the a letter from employer, what for when we can submit 3 months of latest payslips.

            • SabreTooth23 on 05/04/2022 - 00:06

              @timhn: They only asked me 3 payslips. I totally agree with you, I have never been asked to submit a notice of assessment nor a letter from my employer. However many years ago I remember amex did ring the company I worked for to verify that I am indeed working there.

              • Frozensage on 16/04/2022 - 23:41

                @SabreTooth23: i had to submit my noa for amex. Didnt mind it, the income was higher on that anyway, had business income too which i couldnt put on the application itself.

        • FeZZa21 on 07/04/2022 - 11:57

          Yup my application has been in that status since 8th March

          edit: just called them and after a 30min wait, was told it was supposed to go to a different team for verification and it didnt etc so the guy set it back into motion

  • CheapFart on 05/04/2022 - 13:57

    Anyone else get this message when checking rewards on this card

    "It looks like you're not part of our Awards program but it's not too late.

    Get automatic access to the program with an Awards credit card."

    How do we claim our rewards?

    • iDrownFish on 06/04/2022 - 08:31
      +1

      I think Awards and Rewards are different.
      All commbank cards get rewards, you can find it in the “For You” section on the bottom right of the app.

      Awards is a different thing where you earn points and stuff, those are only for the black cc’s they have and usually have really high fees.

      • CheapFart on 07/04/2022 - 23:03

        Thanks for the info. I am struggling to claim my rewards. I’m going to call in

  • yht on 05/04/2022 - 17:16

    I have two conflicting advises from CBA customer service in regards to the validity of the offer when you have Low Rate card. Originally I meant to apply low fee gold card, but somehow I got the low rate one. When I asked to close and if I can reapply low fee gold, one said I am eligible as I don't hold low fee card for the past 12 months. But another one said that I am ineligible as I had low rate gold card. The tnc also confusing. Anyone can confirm that they received cashback if they hold other cc type in the last 12 month please ?

    • PerthectDeal on 26/05/2022 - 23:49

      The same happened to me. I applied from the link in this email, got a screen capture applying for the low fee gold card but got the CASHBACK $200 today and realised my card is low rate card not the gold one. My wife applied and the card is the low rate as well. Maybe when I selected $3000 credit limit they switched to the low rate (non gold one). Very frustrating, $200 total lost for us both…

  • Frozensage on 15/04/2022 - 21:18

    What’s the trick to applying cc these days. Putting a low monthly expense and low portion of any debt on u and say the other party is responsible for the rest? Doesn’t seem to verify you other than your income statement.

    • eastmeetswests on 15/04/2022 - 21:28

      You shouldn't exactly lie on your application. Debt can be verified by the bank when they check your credit history.

      • Frozensage on 16/04/2022 - 23:39

        not exactly lying when debt are in joint name

  • timhn on 20/04/2022 - 11:34

    Anyone know how long CommBank send out the card after approved? It has been a bit over a week since i got approval email but still no card. The app has a notification to tell me to activate my card - it wasn't there 2 days ago.

    • eastmeetswests on 20/04/2022 - 11:43

      I got approved on Tuesday 5th of April, received the card on April 12th.

      I'm guessing the Easter holidays will have a delay from auspost.

      They did mention on the phone it moght take up to 10 business days to receive the card.

      • timhn on 21/04/2022 - 12:43

        7 days according what they have on their app. 10 days is for a country location.

        I can consider the Easter break cause a bit of delay, but given that already received my card from the Virgin Money deal - applied for VM on same day had the approval msg from Commbank , make me wondering why CB is so slow.

  • eastmeetswests on 27/04/2022 - 18:47

    Has anyone who applied for this deal received the cashback?

    • BigDadda on 27/04/2022 - 23:57

      Yes

      • eastmeetswests on 28/04/2022 - 07:48

        How long after you hit the spend did it take to get the cashback?

        • BigDadda on 28/04/2022 - 15:49
          +1

          2 days after I paid the balance.

          • eastmeetswests on 29/04/2022 - 20:38

            @BigDadda: I will share my experiences with this card.

            Received card 1 week after approval.
            Hit minimum spend of 1500 after 1 week
            -My spend was mainly suncorp car insurance and other groceries etc
            Took 2 weeks to receive 300 cashback

            My 1st statement issn't due until 10th of May

            Happy overall, approval took unusually longer (took about 1 week for Commbank to process after I submitted documents online after applying).

            • frozzer on 09/05/2022 - 19:17

              @eastmeetswests: So with your first statement, is it $1500 less $300 cashback? Amount due would be $1200? Is that right?

  • everydayimbargaining on 28/04/2022 - 19:38

    does anyone know if i can use it to pay council fees?

    It says in the T and Cs excludes cash advances and balance transfers but just double checking since other CCs have this exclusion

    • eastmeetswests on 28/04/2022 - 21:44

      It may not be eligible.

      I have read in the beemit ozbargain thread that people have been able to successfully use Commbank cards via BPAY and get points for paying this way

    • BigDadda on 29/04/2022 - 15:06

      This won't help too much but I paid my water bill (state government owned) and it definitely counted with this offer where as with most others offers in the past it hasn't.

    • everydayimbargaining on 17/06/2022 - 09:51

      Ok I took a punt and paid for a local council fee and it counted towards the $3000!

  • blue21 on 30/04/2022 - 01:51

    Can I close the account once I have received the cashback or is it recommended to wait 90 days?

    • eastmeetswests on 30/04/2022 - 12:03

      Yes close, no need to wait.

      • blue21 on 02/05/2022 - 09:47

        Ok thanks!

  • Kongzi on 08/05/2022 - 12:10

    What's the best way to meet the spending requirement? I'm not very good at spending.

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