Commonwealth Bank Low Rate Gold Card

Features and Benefits: Commonwealth Bank Low Rate Gold Credit Card

Cardholders with a Commonwealth Bank Low Rate Gold Credit Card are encouraged to enjoy up to 55 days interest free on purchases and on most bill payments. As long as the amount you spend is repaid prior to the statement due date, you won’t pay any interest at all on the amount you spend on your card.

However, if you do happen to have a balance that carries over to the next month, you’ll know you’re only being charged a low purchase rate of 13.49% p.a. This is among the more competitive credit card purchase rates available in Australia.

Customers can also benefit from the low balance transfer rate offered on the Commonwealth Bank Low Rate Gold credit card. There’s no need to pay high interest rates on your old credit cards when you can transfer your balance over to your Gold card and pay only 5.99% p.a. for 5 months.

While there is an annual fee payable for the Commonwealth Bank Low Rate Gold credit card of $120 ($90 for qualifying customers), there are several options available for having this fee discounted down to $90 for qualifying customers, or waived completely for the first year. To qualify, customers should have a qualifying Commonwealth Bank account or loan at the time of application and must have spent at least $10,000 within the first year using the card.

Benefits Galore

Customers also get the benefit of having access to the features provided by having a Gold credit card. These features include Complimentary international Travel Insurance that can provide coverage if you’re travelling abroad for up to three months.

Cardholders are also eligible for Extended Warranty Insurance of up to one year extra warranty added on top of the regular manufacturer’s Australian warranty for any items you purchase using your card.

Purchase Security Insurance is also included with your Commonwealth Bank Low Rate Gold credit card. This can protect the purchases you make using your card by offering to repair or replace those goods free of charge in the event of loss, being stolen or damaged within the first 90 days.

You can also elect to add CreditCard Plus cover to your account. This is an optional insurance that can cover you for the cost of your minimum monthly credit card payments in the event of an illness, injury or disability, or if you lose your job involuntarily.

Read the official terms and conditions