Commonwealth Bank Ltd review
Updated October 14, 2026 · DebitCue Editorial Team
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
The Commonwealth Bank Debit Mastercard draws on money in a linked account for in-store, online or phone purchases.
Key facts
- Best for
- Australian customers with an eligible transaction account comparing Commonwealth Bank Debit Mastercard.
- Currency conversion fee
- 3.5% (Source, checked September 26, 2026)
- Legal entity
- Commonwealth Bank of Australia (Source, checked September 26, 2026)
- Headquarters
- Australia (Source, checked September 26, 2026)
- Founded
- 1911 (Source, checked September 26, 2026)
- Support channels
- Help-centre (Source, checked September 26, 2026)
- Official website
- commbank.com.au
Credit cards
- Annual fee
- A$0 (Source, checked September 26, 2026)
- APR
- 20.99% (Source, checked September 26, 2026)
- Currency conversion fee
- 3.5% (Source, checked September 26, 2026)
- Rewards type
- None (Source, checked September 26, 2026)
- Rewards rate
- No flat rewards rate on the Low Fee card; cashback only via in-app CommBank Yello Cashback Offers (Source, checked September 26, 2026)
- Perks
- Up to 55 days interest free on purchases, Complimentary Purchase Security and Extended Warranty insurance provided by Cover-More, Travel Booking flight and hotel booking access in the CommBank app (Hopper), CommBank Yello Cashback Offers in the CommBank app, SurePay instalment plans, 0% p.a. on recent purchases (set-up fee applies), 0% p.a. purchase plans of 3, 6 or 12 months (set-up fees apply), 0% p.a. additional cardholder fee, Priceless.com offers and experiences, Minimum credit limit of $500 (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Commonwealth Bank of Australia (Source, checked September 26, 2026)
- Headquarters
- Australia (Source, checked September 26, 2026)
- Founded
- 1911 (Source, checked September 26, 2026)
- Support channels
- Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
Pros and cons
Pros
- Three purchase channels are listed
- An eligible transaction account condition is explicit
Cons
- Access depends on holding an eligible linked account
Who it suits
- Australian customers with an eligible transaction account comparing Commonwealth Bank Debit Mastercard.
Everyday
The Commonwealth Bank Debit Mastercard draws on money in a linked account for in-store, online or phone purchases. CommBank app money-management tools are available, and the card is listed for new and existing customers who have an eligible transaction account.
How Commonwealth Bank Ltd compares
Frequently asked questions
What currency conversion fee does Commonwealth Bank Ltd charge?+
The currency conversion fee at Commonwealth Bank Ltd is 3.5%. (Source, checked September 26, 2026)
Which company operates Commonwealth Bank Ltd?+
Commonwealth Bank Ltd is operated by Commonwealth Bank of Australia. (Source, checked September 26, 2026)
Where is Commonwealth Bank Ltd based?+
Commonwealth Bank Ltd is based in Australia. (Source, checked September 26, 2026)
When was Commonwealth Bank Ltd founded?+
Commonwealth Bank Ltd was founded in 1911. (Source, checked September 26, 2026)
How can I contact Commonwealth Bank Ltd support?+
Commonwealth Bank Ltd offers support through Help-centre. (Source, checked September 26, 2026)
Sources
- commbank.com.au checked September 26, 2026
Backs: Support channels
“Help & support”
- commbank.com.au/about-us.html checked September 26, 2026
Backs: Headquarters
“We are one of Australia's largest banks, serving millions of customers. We provide retail and commercial banking services predominantly in Australia and in New Zealand through our subsidiary, ASB.”
- commbank.com.au/about-us/our-company.html checked September 26, 2026
Backs: Founded
“Commonwealth Bank was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912”
- commbank.com.au/credit-cards.html checked September 26, 2026
Backs: Card kind, Legal entity
“A credit card allows you to borrow money from a bank, giving you access to a predetermined amount of funds, known as your credit limit”
- commbank.com.au/credit-cards/credit-cards-in-australia.html checked September 26, 2026
Backs: Annual fee, Pricing model
“including annual fees (although CommBank does not have these)”
- commbank.com.au/credit-cards/low-fee.html checked September 26, 2026
Backs: APR, Currency conversion fee, Perks, Rewards rate, Rewards type
“Low Fee Credit Card purchase interest rate 20.99% p.a.”
Compiled from 6 source pages, checked October 14, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Free ATM withdrawals, Card type, Protection.
Commonwealth Bank Ltd
Australian customers with an eligible transaction account comparing Commonwealth Bank Debit Mastercard.