Commonwealth Bank of Australia Credit Cards review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Commonwealth Bank of Australia Credit Cards suit Australian cardholders who want a credit card with no annual fee and clear terms. What you pay after that is the trade-off: a purchase APR of 20.99% applies to any balance you carry, and a currency conversion fee adds to the cost of spending abroad.
Key facts
- Best for
- A no annual fee credit card for Australian spending, with purchase protection included.
- 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
- Phone, Chat, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Official website
- commbank.com.au
Pros and cons
Pros
- The Low Fee card charges an annual fee of AUD 0, so holding it costs nothing.
- Purchase Security and Extended Warranty insurance from Cover-More comes with the card.
- Interest free purchase periods, SurePay instalment plans and purchase plans, with set-up fees applying to the plans.
- Support runs on phone, chat and help centre, and the CommBank app carries the cashback offers and travel bookings.
Cons
- A currency conversion fee of 3.5% on foreign purchases, against a site median of 1%.
- Rewards type is none, with cashback coming only through in-app CommBank Yello Cashback Offers rather than a flat rate.
- A purchase APR of 20.99%, near the credit card median of 20.85%, so carried balances are not cheap.
Ready to try Commonwealth Bank of Australia Credit Cards?
Scored 9.4 / 10 by DebitCue.
Who it suits
- Cardholders who already bank with the Commonwealth Bank in Australia and want a card with no annual fee.
- People who pay balances in full and value Purchase Security and Extended Warranty insurance from Cover-More.
- Anyone happy to run offers and travel bookings from the CommBank app, plus instalment plans on larger purchases.
Who should look elsewhere
- Wise, whose annual fee is £0, if foreign currency spending matters more to you than an Australian credit card with insurance and instalment plans.
- Chime Card (Secured Visa Credit Card) and Varo Believe Secured Credit Card, at $0 and $0 a year, if a secured card suits your position better than a standard credit card.
How it compares on our data
On annual fee the card sits at 1 of 301. Its purchase APR places it at 69 of 133, close to the middle of that field. The currency conversion fee is the weak point at 168 of 181, so spending abroad costs more here than on most cards.
How Commonwealth Bank of Australia Credit Cards compares
9.4 vs 9.0
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Where Commonwealth Bank of Australia Credit Cards is available
- Available
- Australia
- Licence in Australia
- Australian Securities and Investments Commission (ASIC) (234945), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold this card?+
There is no annual fee on the Low Fee card: the annual fee is AUD 0. The bank also charges a purchase APR of 20.99% on balances you carry, so cost depends on how long money stays on the account. Instalment and purchase plans run at no interest, though set-up fees apply.
Is the APR competitive with other credit cards?+
The purchase APR on the Low Fee card is 20.99%. The median APR across credit cards on our data is 20.85%, so this sits right around the middle rather than at the cheap end. Interest only applies when you carry a balance.
How much does spending abroad cost?+
The currency conversion fee is 3.5% on foreign purchases, above the site median of 1%. That makes it a weak card for frequent overseas spending, since the fee lands on top of the purchase APR of 20.99% whenever a balance is carried.
What rewards do I get for spending?+
Rewards type on the Low Fee card is none. There is no flat rewards rate, and cashback arrives only through in-app CommBank Yello Cashback Offers rather than a set rate on every purchase. Anyone after a guaranteed points or miles rate should look elsewhere.
Who regulates the card and what protection comes with it?+
The card is issued by the Commonwealth Bank of Australia in Australia, and the bank is licensed by the Australian Securities and Investments Commission (ASIC) under 234945. Protection on the card comes from Purchase Security and Extended Warranty insurance provided by Cover-More.
What kind of card is it and what do I need to open one?+
It is a credit card from a bank founded in 1911, and it is sold as no annual fee. The card sets a minimum credit limit, so an applicant needs enough available credit before the account is opened.
How do I get help from the bank?+
Support runs on phone, chat and help centre, so you can reach the bank by phone, in chat or through the help centre. The CommBank app also handles Hopper travel bookings and the Yello cashback offers, so most of the card's extras sit inside it.
Are there instalment plans for bigger purchases?+
The Low Fee card carries SurePay instalment plans on recent purchases and purchase plans spread over a choice of terms, both at no interest, with set-up fees applying, and extra cardholders are added at no fee. Neither plan changes the card's pricing: the 20.99% purchase APR still applies to any balance you carry.
Sources
- 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, Licences
“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.”
- commbank.com.au/support/contact-us.html checked September 26, 2026
Backs: Support channels
“chat to us in the CommBank app or call 13 2221, for general personal banking enquiries”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Commonwealth Bank of Australia Credit Cards
A no annual fee credit card for Australian spending, with purchase protection included.