Rating based on 9 reviews

Commonwealth Bank Credit Card

  • Cashback benefits
  • No transaction fees
  • Low-interest starting from 13.24%

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Commonwealth Bank homepage
Author Commonwealth Bank. Screenshot of Commonwealth Bank website.
[Accessed May 24, 2023]

About Commonwealth Bank

With a savvy that has seen it outshine many others by virtue of being an Australian entity that has crept all across the globe, its credit card offering is no exception to its business image and strategy.

Walk with a giant

Beginning its operations in 1911, CommBank has a footprint and aptitude like few other banks. This is reflected online, where a very short, bold and concise rendering greets prospective credit card applicants.

Clicking through provides an insight into the thought that has gone into the website’s design, as one is encouraged to compare cards first before applying.

Step by step

The follow-on page from the comparison tab continues the yellow & blue theme and encourages one to look carefully at available low rate card options.

Basic criteria for application

The application criteria are simple and fuss-free, however, remains stringent. All in all, there is savvy and simple navigation that enables application and generates a feeling of reassurance.

Clicking on “Apply now” recognises existing customers, or takes new clients through to the online loan application process.

There is a current promotion for applicants, centred on the opportunity to win a $5,000 Flight Center gift card.

Commonwealth Bank Services

Applicants need to be 18 or older, be legally entitled to work in Australia and be able to demonstrate proof of income.

Zero fee per annum card

No fees will be levied on the card each year for the first year. Interestingly, if a client spends $1,000 more on the card the following year - not hard when considered against inflation rates - no fees are levied, ever. All one has to do is increase year on year spend by $1000 to avoid credit card fees forever.

Business solutions

CommBank also present a Business Card, but although it is a business credit card, there are no onerous financials to submit when applying for this card.

The holder essentially takes surety upon themselves and is personally liable for the debt accrued on the card.

This very smartly allows innumerable smaller business owners to access a business credit card without the usual profit & loss and year-end statements that are typically required by a credit card provider for business purposes.

Credit card options

There are essentially two options for a credit card. A Low Rate credit card that carries an annual fee of $59 appears first online.

The second option is the Low Rate Gold credit card that carries an annual fee of $89. Both carry a 13.24% interest rate on purchases and a rate of 21.24% interest on cash advances. The Gold Card option comes with sundry assorted extras like travel insurance.

Commonwealth Bank – Credit card

  • Loan Type Credit cards
  • Interest Rate from 13.24%

Benefits of Commonwealth Bank

  • Earn travel points
  • Use your card for everyday spending
  • Get rewards, bonus points and more
  • Quick online applications

CommBank is an easy option with understated value

Presenting as a friendly giant in the lives of Australians, Commonwealth Bank has massive clout and a huge presence on the continent offering everything from car loans to bank accounts.

Apply in just 10 minutes

With a 10 minute or less turnaround time for online loan application, CommBank has enabled online visitors to pick up a smart, intelligent and uncomplicated credit card that carries transparent costs and is accepted worldwide.

Offering a very competitive credit card rate of 13.24% per annum, CommBank shines as an astute and uncluttered offering online.

Bump it up feature

The ‘bump it up’ feature that waives fees for an extra $1 000 spent on the previous year is both savvy and rewarding for consumers.

It represents a moment where banks and people meet and both are pleased and is a very worthwhile feature to consider. Well received by Australians to date, a CommBank credit card is a logical option and easy to secure online for anyone looking for the facility.

Look at the awards you can get for every time you swipe

They have made sure that you get treated for spending with their company and that is why they have made sure that every time you swipe every dollar you spend you will get 1 award point. They have two cards that can help you increase your points by a great amount. On the first card, you can only get up to 50 000 award points and on the other card you will be able to earn up to 150 000 awards points. Your awards points can be used for several features from going on adventures and purchasing your air tickets to using them and getting cash. You can buy over a thousand products using your awards. They wanted you to know that they care and that is why they would like you to be able to spoil yourself while you spend and get a bonus back too.

Using their app

Yes, it is at the touch of your fingers because nowadays you can control your bank account from your phone and they wanted to make sure that you got the best to do that with. They have made sure that when you download the app you will be able to keep up with your balance and more. From your transactions to be able to pay someone from your phone doing password changes and updates that you will be able to do by yourself from your phone.

man holding thumbs up

Commonwealth Bank is a trusted & reliable provider of credit cards

In our review, Commonwealth Bank adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ Commonwealth Bank is a registered credit provider in Australia: ACL 234945

Customer Reviews & Testimonials

February 2019

Using my app has made my life so much easier being able to pay staff when i am in our out of the country just by using my phone.

John S
— Perth —

April 2019

Always get great assistance at the branches and would recommend the company to anyone

Samuel S
— Sydney —

January 2019

Great app when you are on the go and need to keep tabs on your account this truly does help.

Johanna C
— Sydney —

Commonwealth Bank Contact

Contact Number


  • not available


Physical Address

  • George & Market Sts Sydney Cnr George & Market Sts Sydney NSW 2000 Australia
  • Get Directions

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed