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CommBank Low Fee Credit Card: $250 Cashback with $1000 Spend in 90 Days, $3/Month Fee ($0 with $300/Month Spend)

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CommBank Low Fee Credit Card: $250 Cashback with $1000 Spend in 90 Days, $3/Month Fee ($0 with $300/Month Spend)
Go to Deal
billybrown on 25/08/2023 - 18:48 commbank.com.au (4558 clicks)
Last edited 25/08/2023 - 18:54 by 1 other user

Great little card that can have a mini credit limit too (min $500).

Enjoy $250 cashback to spend how you want. Apply for a new Low Fee credit card by 30 September 2023 and spend $1,000 on purchases within 90 days of card activation.*

No annual fee in the first year. We’ll waive an annual fee in subsequent years if you spend $1,000 or more a year on purchases or cash advances in the previous year. From 25 August 2023 this fee will change to $3 per month, waived when you spend at least $300 per month.

  • Offer available on new Low Fee credit cards applied for between 3 Jun 2023 and 30 Sep 2023. Offer not available on all other card types, existing cards, and switches from other card types and is not available to customers who currently hold, or have held, any activated Low Fee or Low Rate card types in the 12 months prior as a primary cardholder.
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closed Comments

  • MS Paint on 25/08/2023 - 18:58
    +13

    $1000 Spend in 90 Days

    So essentially just an Amazon/AliExpress dedicated ozbargain purchase card.

    • timhn on 25/08/2023 - 20:01
      +3

      & Boost deals

  • duodeta on 25/08/2023 - 19:20
    -3

    Stupid CMmb staffs

  • ExPrinceHairy on 25/08/2023 - 19:25
    +4

    Besides the $250 cashback, what does this have over the no annual fee Coles Mastercard?

    • rooster7777 on 25/08/2023 - 21:44
      +2

      no automatic flybuy points?

      • Nom on 26/08/2023 - 11:19

        And International transaction fees apply.

        This card is not competitive.

  • rumblytangara on 25/08/2023 - 19:33
    +5

    Okay, these are very beginner type questions but:

    How does this "cashback" stuff work here- do they literally just knock $250 off your bill after 3 months, or do you need to spend this 'cash' with specific retailers?

    And is there anything stopping you from signing up for 3 months, doing the cashback thing, and then just cancelling the card?

    • I like freestuff on 25/08/2023 - 19:42
      +6

      Normally T&Cs say you can only do this every 12 months. I have done CBAs offer twice now over the last couple of years. Both times the cash back has been credited to the credit card account within a couple of business days after the meeting the $1k spend and the transaction clears. It just credits it into the account and can be spent like normal using the card.

      Can just pay off the account and close the account immediately and wait another 12 months to do it again.

      • rumblytangara on 25/08/2023 - 19:44

        Excellent, thanks.

        I currently have a grand total of 1 credit card in this country, so am totally unused to how these offers work here.

        • MS Paint on 25/08/2023 - 20:04
          +3

          How many cards do you have in other countries?

          • rumblytangara on 25/08/2023 - 20:06
            +1

            @MS Paint: A lot more than one!

            Come to think of it, not that many either. 4-5 and going down.

        • Mokr on 25/08/2023 - 20:35

          Aus consumer law is very strict. If an offer is said on a website etc. Then it must be filed. Especially for services area

    • billybrown on 25/08/2023 - 20:21
      +3

      You get it as a statement credit. Think of it like a refund on your card. You can cancel as soon as you get the cashback.

      • sssx on 26/08/2023 - 14:01

        do they transfer the $250 credit into your bank account if you close the account with balance > the limit?

  • bdl on 25/08/2023 - 20:39
    +7

    Love the way Commbank has flipped the laptop image :| Stock photos must be low fee, too.

    • Plug on 26/08/2023 - 09:34

      Really cannot see your problem with this photo.

    • [Deactivated] on 25/08/2023 - 21:21

      Scroll up, make an effort and try reading the description that op took the trouble to add.

  • Spending2Much on 25/08/2023 - 21:29
    +3

    I got this card a few weeks back

    Spent $1060 in the first day

    Now waiting on $250 then close it down

    • ninohax on 25/08/2023 - 23:01
      -3

      Won't that hurt your credit score real bad?

      • Plug on 26/08/2023 - 09:37
        +1

        Would it? He's paying off the full balance within the allowed time so no defaults on the account etc

        • ninohax on 26/08/2023 - 16:47

          I don't know that's why i asked. I have heard people say that if you take a credit card and cancel the credit card too soon it impacts your credit score.

          • Nom on 26/08/2023 - 17:47
            +2

            @ninohax: Every time you take a credit card, it impacts your credit score.
            Make sure you understand the implications of this before you apply.

            • DrDan on 27/08/2023 - 00:40

              @Nom: Every time you take a credit card, it impacts your credit score.

              What are the implications, where can I find more about this?

        • Spending2Much on 26/08/2023 - 18:06

          Not bothered about credit score….
          Not looking to borrow or remortgage or anything any time soon.
          Own PPR.
          Quick easy way to knock $250 of expenses…

          …still looking for a good FF (QFF/VFF) reward card for some big expenses coming up,nlong gone are the days of zero annual fee or very low annual fee on any of those cards unfortunately

          • Nom on 26/08/2023 - 18:09
            +1

            @Spending2Much: @Spending2Much There are free credit cards with rewards - look at the Qantas American Express or the Coles MasterCard for example.

  • Crowing on 25/08/2023 - 21:37
    +17

    Here’s data point for those keen on understanding rough timing for this card:
    Applied on 4th Aug 23
    Approved on 9th Aug 23
    $1k spent on 15th Aug 23
    $250 cashback received on 24th Aug 23

    $1k spent paying Strata - $250 cashback is pretty decent return for few minutes it took to complete application.

    • Jared17 on 25/08/2023 - 22:17

      Woah that’s fast. Amex needed 3 months after I spent the required amount to credit me with the points. And I had to chase them up with multiple calls.

      • Freshozb on 26/08/2023 - 12:54

        On the other hand Amex credited my points within 3 days of completing the required spend.

    • Grey 13 on 26/08/2023 - 00:07
      +1

      Noice. My council rates and next Body Corp rate are fast approaching. Might as well.

    • linhlink on 26/08/2023 - 02:28

      I never have a credit card before, I thought you have to buy product or service in general to be counted as spending. Paying bill or cash out was considered as cash advance which is a no-no, would love to have some kind of example so I know what to do when getting one in a near future.

      • timhn on 26/08/2023 - 06:57
        +2

        Paying bills (utilities, council rates, ATO, etc) are never considered as cash advance. Where do you hear about this? Ask your banks or check their T&Cs.

        Some banks (probably most) have a restriction that you don't get points if paying bill to a government entity. You can still pay as normal but dont get any points. Things like paying car rego, ATO, council rates.

        • RQNinja on 27/08/2023 - 00:39

          I only just read about this.

          https://www.anz.com.au/personal/credit-cards/credit-card-edu…

          "Making some bill payments (for example, where a credit card is used to pay a bill at a bank branch or via an approved agent of the biller)

          Some payments to people/billers who don’t accept credit payments from the Credit Card Account (this may include payments through the BPAY® scheme, ANZ Internet Banking, ANZ Phone Banking and ANZ Mobile Banking)."

          Now I am not sure if my council rates bills and my land tax assess notice bill are considered cash advances even if they have ways to pay their bill by card? p[lease clarify for me

          • theg00s3 on 27/08/2023 - 14:34

            @RQNinja: that line is talking about making bpay payments with your credit card, but if you’re just paying normally with your card it won’t be a cash advance

            • twiz911 on 26/09/2023 - 18:12

              @theg00s3: So BPAY payments don't quality for cashback?

          • timhn on 27/08/2023 - 15:33

            @RQNinja: Imagine what would happened if all Bpay are considered as cash advance. There won't be much use of that.

            ANZ (and many other credit card providers) are just covering their legal responsibilities in case someone complained they didnt know about cash advance fees when using BPay.

            That's depending on the merchant, not the service. If the merchant category code is classified as gambling then for sure will be treated as cash advance.

    • mutnyi2001 on 26/08/2023 - 12:09

      Hi, could you please remind again how to get the government transactions treated as normal ones from the card issuer prospective? Thanks

      • timhn on 26/08/2023 - 12:59

        Look up Sniip.

        • Alley Cat on 02/10/2023 - 09:14

          Does zip or Afterpay work as well?

    • Peck on 02/09/2023 - 13:03

      Thanks for sharing. I was concerned that 'spend $1,000 on purchases' meant actual purchases, and not bills.

    • twiz911 on 26/09/2023 - 18:09

      Was your strata spend via BPAY? Thanks

  • kaybui52 on 25/08/2023 - 21:41
    +1

    Just to confirm, existing customer as long as is not currently holding any cba low fee credit card, is eligible for this offer right?

  • fdawg on 25/08/2023 - 21:41
    +2

    37 years old and I've just applied for my first credit card!

    • rooster7777 on 25/08/2023 - 21:49
      +1

      So many things went through my mind…. but you are actually probably married with kids, a driver's licence, a mortgage and all that stuffs… rather than living in the basement of your folk's place!

      I got refused my first credit card many years ago…. after an interview with the bank manager, he decided that because I'd only been a permanent public servant for just a year, I was too much of a risk. Times change!!

      • cobknob on 25/08/2023 - 22:36

        Haha. I got first cc after working 3-6m ft. Owned no house. Much later I defaulted and haven't looked back. Minimal amount. Credit score is excellent atm.

        • DatCrazyNerf on 26/08/2023 - 11:33
          +1

          Just because I can't figure it out, what is 3-6m ft? Cos its obviously not metres and feet.

  • AnotherCheapo on 25/08/2023 - 21:47
    -3

    No bonus reward points for joining??

    • timhn on 25/08/2023 - 22:43

      The card is calls Low Rate card, not Rewards card. What make you think you can get any points from using it?

      • DoctorCalculon on 04/09/2023 - 08:21

        Some folks just want to have their cake and eat it too.

  • artemis on 25/08/2023 - 22:42
    +1

    Can you use Beem to do a $1000 transfer and have it show up as a transaction?

  • keepsmiling on 26/08/2023 - 00:57

    I'm newbie, just wondering if there is any application or cancellation fees? And how to cancel the card? What happens to $250 received - is it on card or goes to bank account?
    Last one, what is impact to the credit score by cancelling the card?

    • rvsure on 26/08/2023 - 06:57
      +3

      No application or cancellation fee.
      The $250 shows as callback(refund) on your statement.
      Card can be cancelled from CommBank app.
      Your credit score will go up after sometime after you close the card.

      • ULT on 26/08/2023 - 09:24
        +2

        I think Crows comment combined with with RVsure's comment explain it nicely. its a refund on the CC and you receive it in a few days after meeting the 1k spend.

        $1k spent on 15th Aug 23
        $250 cashback received on 24th Aug 23

        So best to spend 1k, wait 1week, get the 250 refund, then pay it off (remaining balance) or do whatever you want really, lol

        • spiderbite88 on 05/09/2023 - 22:45

          Following this example, can you spend $1k on the 15th, pay it off on the 16th, and still recieve the $250 cash back on the 24th?

          • ULT on 05/09/2023 - 23:00

            @spiderbite88: its a refund on the CC account itself, Id rather just get the cashback first then pay off the remaining balance (so for your case, you spend 1k, get 250 refund, pay back 750, then cancel the card or keep it open, whatever you want tbh). avoids any complications. If you spend 1k and paid it off a day after, you would have +250 on the CC in a week or so (given you stopped all spending on the CC), and im not sure if you can transfer CC funds back into other accounts (im sure that Commbank support can do it for you but hence my statement "avoids any complications"). If you plan to use the CC past one month then your plan is solid, but if you plan to cancel the card in the month, Id rather wait for the callback/refund first.

            • spiderbite88 on 05/09/2023 - 23:10

              @ULT: Ok thanks, I have already paid it back, but I'll spend another $250 on it so my available funds is back down to $750. Then after cashback I should be back on $1000 available.

              • ULT on 05/09/2023 - 23:13

                @spiderbite88: Sounds like a plan, you’ve already met the spend 1000 in 90 day requirement so you’re good to go regardless for the 250 cashback :)

  • MikeSYD on 26/08/2023 - 10:01

    Perfect timing. Just got email from last points hack deal to confirm bonus points. This looks like the perfect little card to get me by till the next points hack deal.

  • letters numbers on 26/08/2023 - 10:20

    I'm trying to work this out. I'm holding a discontinued Low Fee Gold MC - does this make me ineligible under 'Offer not available on all other card types, existing cards, and switches from other card types and is not available to customers who currently hold, or have held, any activated Low Fee or Low Rate card types in the 12 months prior as a primary cardholder.*

    My head is tripping over the any and card types bit…

    • djtech on 26/08/2023 - 11:28
      +1

      Yeah if you have a Low Fee card of any kind, you can't apply for this one to get the bonus!

      • Peck on 26/08/2023 - 11:48

        I assume that they mean a 'CommBank' Low Fee card of any kind.

        • djtech on 26/08/2023 - 12:54
          +2

          Yes that's what I mean as well.

  • Danneo on 26/08/2023 - 12:32

    Does this have travel insurance?

    • bdl on 26/08/2023 - 14:10
      +8

      Yes, all claims pay $0

      • timhn on 26/08/2023 - 15:48
        +3

        OMG, people are expect too much from a low end credit card.

  • Guob1n on 26/08/2023 - 14:18

    Beginner question :3

    Does international student can apply for this? Planning to buy some stuffs for house so thought 250$ cash back would be great

    • timhn on 26/08/2023 - 15:40

      If you have a stable income then may be.

  • rebel1 on 26/08/2023 - 15:23

    My daughters only have a CBA debit card . No credit rating yet. If they applied for the card are purchases interest free? So as long as she pays the balance by the due date , no interest is payable?
    I see it as a way for them to establish a credit rating. On the website it says $6 fee?

    Also it says this :8A maximum charge of $300.00 applies (or a flat fee of $4.00 applies if your closing balance on previous business day was in credit). So you cant put money into the card and have it as credit? They charge a fee?

    • 0jay on 26/08/2023 - 19:05
      +1

      I have this card, yes all credit charges are interest free provided the debit balance is returned to zero within the allowable interest free period.

      The card if fee-free so long as $300 is charged to the card every month.

      Yes you can load the card with cash and subsequent charges are counted toward the $300 per month charges if that’s how you prefer to manage it.

  • rebel1 on 26/08/2023 - 15:25
    +1

    I have many credit cards … toooo many LOL…. with very high limits. I use those to get money at 2% or 3% as a balance transfer and pay the dollars into loans I am paying higher rates. I call it financial gymnastics :)

  • DevonBlaze on 26/08/2023 - 22:28

    Can you reapply if you've already applied, got cashback and cancelled since then?

  • goliath on 26/08/2023 - 22:46

    Just applied, thanks.

  • Peck on 27/08/2023 - 12:18

    Can someone confirm, please, that spends on ShopBack etc gift cards would count towards $1K spend?

  • Gdsamp on 28/08/2023 - 10:31

    arbitrage ,

  • bumpyhead on 28/08/2023 - 18:26

    seems not good enough for a hard pull to credit file …

  • mantra on 28/08/2023 - 19:09

    TL;DR how likely would one get rejected for $500 credit limit if you've got decent credit score but other credit/low income?

    anyone getting rejected, rather not mark my credit file if probable

    sole income DSP $1000 fortnight, already have commbank awards credit card was $2000 reduced to $500 months ago,
    $2000 step pay cannot seem to reduce? afterpay and zip only used for promos & $3000 savings with another bank my CBA generally sticks around $100 until i PayID from a high interest bank

    via. clearscore
    Experian CS 790 vs 783 AU AVG
    illion CS 823 vs 695 AU AVG

    never charged interest/late fees, but thanks to ozbargain discounted giftcards, cashbacks, buying things for family etc.. the random highly variable mess of input/output my entire bank account looks like someone who doesn't know how to manage money 😂

    • Grey 13 on 31/08/2023 - 23:01

      I got approved for 11k credit limit with a mortgage and some savings in offset and in my Commbank savings. Also did it online. Didn't really have to provide any evidence or documentation as I used my Commbank Everyday account to receive my salary and pay mortgage to my offset accounts with Adelaide Bank.

  • petergriffinoz on 28/08/2023 - 21:58
    +1
    1. How much time does it take for CBA to process the application and deliver the card?
    2. Is there an option for a virtual card that we can access ASAP?
  • Peck on 30/08/2023 - 13:10

    I sent them my last bank statement for the 3 months up to 22/8/2023.
    They asked me for another statement for 22 - 29/8. How bizarre!

  • Puffmellows on 31/08/2023 - 18:19

    Do you need to wait for a statement, then pay off the card?

  • watwatwat on 01/09/2023 - 11:13
    +1

    I was conditionally approved and then rejected. First time for this.

    "We've carefully reviewed what you've told us but are unable to offer you a credit card.
    Let us know when your circumstances change… your next application may be more successful."

    • ausmisc on 04/09/2023 - 18:39

      Did they ask for anymore info in-between the conditional approval and rejection? I got conditional then they're asking me for more info on closed credit cards and stuff

      • watwatwat on 04/09/2023 - 19:30

        Nope. I uploaded payslips, loan document and then rejected.

  • Rawrkun on 02/09/2023 - 13:45

    If I combined this with Paypal pay in 4 for a $1200 purchased paid fortnightly, will the instalment (~$600) be counted toward waiving the monthly fees? Submitted my application a few days back and not sure if I remember this correctly but somehow my monthly fee came out as $6.00.. Would be good with the additional Paypal buyers protection..

  • dealsgrabber on 03/09/2023 - 08:19
    +2

    Their team, process, speed and logic of approving the applications is sh*t. I had similar experience last year like what others have mentioned.

    I was also approved initially and then got rejected after submitting the applications. Understand $250 back on a spend of $1000 is a good deal, but these guys need to be boycotted and taught a lesson.

  • manwiththedealzzz on 04/09/2023 - 18:46

    Hi, how does commbank count 12 months. i.e. last card closed on 1/09/2022 will I be eligible on the 2/09/2023 onwards or do they count it based on the last statement period (which goes later than the closure date). Thank you.

    • dealsgrabber on 04/09/2023 - 20:44

      Generally it's 12 months from the date of closure of the card, but you never know, these guys are just as bad as sh*t, and could be making their own terms.

    • timhn on 05/09/2023 - 07:59

      They should inform you either via mail or post the date that you requested to close. Then the clock is ticking from then.

  • Xishnik on 07/09/2023 - 16:17

    How long does it take to receive the $250 after spending $1000?

    • Yeahyeahok on 09/09/2023 - 08:21

      Been 5 days since my purchased cleared and haven't received it yet

      • Xishnik on 09/09/2023 - 08:38
        +2

        Yeah, I am waiting now as well - 3 days so far.

        Hopefully it is done this month so I can close the account and not be hit with the $3 monthly charge for October.

        • fatFingers on 13/09/2023 - 23:52
          +1

          Been 10 days for me and no cashback

          • Peck on 24/09/2023 - 13:06

            @fatFingers: It has now been 3 weeks for you. Cashback yet??

    • cryptos on 14/09/2023 - 16:59

      Wouldn't you have to wait for the first statement, pay it off for it to start to process? I'm waiting, spent $1.5k already 7 days ago…

      • Xishnik on 14/09/2023 - 17:37
        +1

        No. I intend to only pay remaining $750.

        I spent exactly $1000 to activate the $250 offer.

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