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Low Fee Gold Mastercard



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Free Supplementary Cards
  • Purchase Protection Cover lasts for 90 days per year
  • Extended Warranty Warranty is extended for the same duration as the original warranty up to 1 year.


The Commonwealth Bank Low Fee Gold Mastercard has a moderately high interest rate, a moderate amount of interest-free days and a moderate annual fee. The card charges no annual fee when the card holder spends at least $10,000 per year.

Though Commonwealth Bank’s Low Fee Mastercard does not earn award points, card holders have access to shopping, dining, and hotel offers from Mastercard Priceless Cities both locally and around the globe.

The Low Fee Gold credit card also offers optional CreditCard Plus insurance, which can pay off 20 per cent of your card balance each month if you find yourself without a job.

This card delivers highly customisable spending and security preferences. Commonwealth Bank’s Lock, Block, Limit feature allows you to change your contactless payment settings via the NetBank or CommBank apps. The apps also update your transactions instantly so card holders can check an accurate balance at any time.

  • Free additional cardholder
  • No annual fee (conditions apply)
  • Apps to manage security and spending
  • Moderately high interest rates
  • International purchase fees apply
  • No rewards scheme

Who is it good for?

The Commonwealth Bank Low Fee Gold Mastercard would suit those who tend to spend upwards of $10,000 annually and pay their monthly bills on time. A minimum spend of $10,000 will ensure you avoid unnecessary annual fees, and on-time payment will help cut through the card’s moderately high interest rates.

The card is also well suited to spenders who want to customise their security and spending, as well as those who would rather manage their banking online rather than over the phone. The NetBank and CommBank apps allow you to transfer funds, customise your security, get Cardless Cash and log your overseas travel all in one location.

The Low Fee Gold credit card may not be particularly suited to spenders looking for low interest rates, or frequent flyers who want to capitalise on their spending. This card does not offer frequent flyer points or a reward scheme.

What RateCity says

The Commonwealth Bank Low Fee Gold Mastercard is a reasonable low-rate card for everyday spending. This card may be a suitable choice for regular spenders who would rather have low fees than a rewards scheme.  

While the Low Fee Gold credit card offers benefits such as waiving the annual fee when you meet certain spending requirements, the card does not have an associated reward scheme. If you’re seeking a card that will reward you with cash back or frequent flyer points, it may be best to look elsewhere.

The Low Fee Gold Mastercard offers a moderate interest-free period, but budget card holders won’t benefit from the card’s moderately high interest rates. For those who don’t always pay their bill in full each month, a card with lower interest rates may be more appropriate.


In order to be eligible for the Commonwealth Bank Low Fee Gold Mastercard, you must be at least 18 years old, a citizen or permanent resident of Australia, and not currently be bankrupt. When applying, you may be asked to show recent pay slips, visa details and documents that prove you are legally allowed to work in Australia. If you are a current Commonwealth Bank customer, you can apply for the card through NetBank.

About Commonwealth Bank

Commonwealth Bank is one of Australia’s big four banks and Australia’s biggest bank. Also called Commbank, this bank provides integrated financial services that span well beyond personal finance, including funds management, superannuation, insurance, investment and business banking. CommBank offers a range of apps and online experiences to help customers track and manage their money as well as log overseas travel and request Cardless Cash. Established in 1911, Commonwealth Bank is one of Australia’s oldest banks.

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