Thinking about a basic, but efficient credit card that won’t hit you with a ton of fees?
The CommBank Yello Low Fee option is perfect for anyone looking for a budget-friendly card without the complicated extras but still offering good benefits.
Even though it doesn’t include extra insurances like some premium cards, the Yello card is highly functional for everyday use and surprises with its personalised offers.
What we think is great about Credit Card Commbank Yello low fee:
- Waived monthly fee: Spend at least $300 during your statement period, and you don’t need to worry about the monthly fee. If you don’t, it’s a small $3 charge.
- Cashback in the CommBank app: Eligible customers get rewards on qualifying purchases through the Yello Cashback Offers program in the bank’s app.
- Interest-free days: As long as you pay off the full balance on time, you can enjoy up to 55 days of interest-free purchases.
- Priceless.com offers: Take advantage of exclusive experiences and offers through this platform, a little extra to give your card a special touch.
- Purchase insurance and extended warranty: Extra protection when shopping, thanks to insurance provided by Cover-More.
How the introductory cashback offer for new cardholders works
Since July 2024, the bank introduced a program that gives cashback on a portion of your spending on qualifying purchases.
However, this offer is only valid for customers on the CommBank Yello Everyday, Everyday Plus, or Homeowner benefit sets, who apply for a new Low Fee credit card.
Plus, there are a few requirements to activate it: you’ll need to spend at least $500 per month in the first 4 months after approval.
You can spend the balance as you like, but the downside is that there’s a $240 cashback cap.
We’re not sure how long this offer will last, so check the terms when you apply, alright?
What you should consider before applying
If you’re into earning points, this card won’t meet your expectations since it’s not big on extra features.
Yello has a higher purchase interest rate than the Low Rate card, which could be a problem if you don’t pay your full balance each month.
Finally, if you often shop on overseas sites or travel a lot, remember that international transaction fees apply.
Fees of yours Credit Card Commbank Yello low fee
- Primary card annual fee: $0
- Monthly fee: $3 or $0 when you meet the fee waiver conditions
- Cash advance interest: 21.99%
- International transaction fee: 3.50%
- Purchase interest rate: 20.99% p.a.
- Late payment fee: $20
Our opinion
This is a very functional card for people who just want access to credit without high maintenance costs.
On the other hand, if you’re after big rewards or tend to carry a high balance for long periods, it might be worth reconsidering.
It all depends on what you expect from a credit card, but in summary, this one’s economical, functional, and has an accessible starting limit.
Plus, it has a pretty straightforward application process, so here’s how to apply!