Commonwealth Bank of Australia Credit Cards review

The annual fee is AUD 0 on the Low Fee card, so there is no yearly charge for keeping it in your wallet. It is a credit card, so each statement leaves a balance to repay rather than taking money from your account at the till. Interest comes into play only when that balance is carried.

The purchase rate is 20.99%, which sits above the credit card median of 16% on this comparison. The rate matters only if a balance is left running month to month, and paying in full keeps it at bay. Purchases can sit interest free inside the card's interest free window.

The currency conversion fee is 3.5% on overseas purchases, and that is the number to weigh before spending abroad. With the annual fee at AUD 0, the cost of using the card outside Australia sits in the conversion rate on each foreign transaction rather than in a yearly charge.

The rewards type is none. Any cashback comes through the CommBank Yello Offers inside the CommBank app, so the card rewards checking the app rather than earning a flat rate on each purchase. Cardholders who want a set percentage back on everything would look elsewhere.

The perks listed for Up to 55 days interest free on purchases, Complimentary Purchase Security and Extended Warranty insurance provided by Cover More and Travel Booking flight and hotel booking access in the CommBank app (Hopper) include interest free periods on purchases, complimentary purchase protection and extended warranty insurance from Cover-More, flight and hotel booking in the CommBank app, and instalment plans on recent purchases where a set-up fee applies.

The card comes from Commonwealth Bank of Australia, regulated in Australia by the Australian Securities and Investments Commission under licence 234945. The card kind is credit, and the rules and dispute routes that apply are the Australian ones.

Support runs on phone, chat and help centre, so phone, chat and a help centre cover questions about statements, limits and card security. The mix suits people who would rather sort a problem in the app or on a call, and the bank has been running since 1911.

It is a credit card issued in Australia, so it suits Australian customers who want a revolving account with no annual charge and an interest free window. Applicants need to meet the minimum credit limit listed among the perks, and carried balances attract 20.99%, so full repayment each month is the way to use it.