As the title suggests, the key feature of Commonwealth’s Low Fee credit card is its annual fee.

This can be reduced even more so that you pay nothing at all. How? By spending $1000 or more per year on your credit card, which when you think about it is not much at all.

The thing about offering a low fee credit card is that the majority of people who are looking for that feature are most likely going to be looking for low interest rates as well. So when the low fee card is compared to the Commonwealth’s other specialized card (the low rate credit card) it comes off second best due to its high interest rate on purchases ( p.a.*) and cash advances ( pa.*).

If they could somehow combine the two they would have a much more competitive credit card and probably a few more customers to say the least.

It’s a very basic credit card with the only other features being the (up to) 55 days interest free on purchases* and the low balance transfer rate. Commonwealth offers balance transfers for the first 9 months*, after which it will increase to the cash advance rate of p.a. That’s a jump of over 15% so you’d want to make sure you paid off any balance transfers before the 9 months is up.

To sum things up, the Commonwealth Low Fee credit card is evidence of yet another bank over-compensating for one feature at the expense of another. If you’re strict with your money and as a result are good at paying your bill in full each month then this card could be a good choice. But if that’s not the case then there are other cards that cater for people that are looking for both low fees and interest rates.

See our top credit card picks in the Editor’s Choice category

If you’re looking for a simple and easy to manage credit card then take a look at the Commonwealth Low Rate credit card.

As a low rate credit card it maintains its reputation as an affordable credit card without compromising other important features.

Purchases on this credit card incur a flat interest rate. which is on par with both the Westpac and ANZ low interest rate credit cards. These cards also have a similar cash advance rate to the Commonwealth Low Rate MasterCard.

For a card that is meant to save you money on interest this may seem a bit steep to most people, but when compared to other similar cards, you’ll find that it’s pretty standard.

Balance transfers on this card are also very affordable with an introductory period of five months where the interest charged. This isn’t the lowest interest rate out there, but the length of time that this rate is available is three months longer than most cards in the low interest credit card category.

Paying your monthly balance in full and avoiding cash advances on this card can mean some great savings on a good all round card. Also, with a potential annual fee of (see pricing schedule below) and up to 55 days interest free this card would work well for those on a budget such as students or people who just want to save money!

However with no real stand out features from other cards that are classified as having low credit card interest, making a decision could be a tough one.

Current Annual Fee Pricing Schedule:

The card’s annual fee, but if you happen to be applying for (or already have) a Commonwealth Bank home loan or bank account then the annual fee of your credit card will be waived. Or, if you are an existing Commonwealth credit card customer then (depending on which credit card you have) your annual fee will be either waived or reduced.

Bank account or home loan     – Annual fee is waived
Awards Card                                – Annual fee is reduced
Gold Card                                      – Annual fee is reduced
Platinum Card                             – Annual fee is reduced
Low Rate                                       – Annual fee is reduced
Low Rate Gold                            – Annual fee is reduced
Low Fee                                        – Waived when you spend $1000 or more per year on your credit card
Low Fee Gold                              – Waived when you spend $10,000 or more per year on your credit card

See our top credit card picks in the Editor’s Choice category

For comparison purposes the RSPCA Rescue credit card was called a rewards credit card, however the Bendigo RSPCA Rescue Rewards credit card is the real deal. It is very similar to the RSPCA Rescue card, but with a number of notable differences.

The most noticeable is of course the rewards program. With one point for every dollar spent it at first seems like a good program, however you need to spend over $35,000 just to get a $100 voucher. So, if you don’t want to spend that much money just to get a reward, you can just turn whatever points you have into donations to the RSPCA.

This donation on top of your monthly donation made by Bendigo Bank adds up to a generous amount over a year, which you may not have otherwise made.

Another few differences are the jump in interest free days from up to 40, to up to 55, and the interest rate hike. Like the RSPCA Rescue credit card the annual fee is low and there is an introductory interest rate. However after this period the interest rate is fairly high across the board.

By and large, the RSPCA Rescue Rewards credit card is not a spectacular option for any of the categories that it fits into, and is by far outshone by the RSPCA Rescue credit card in all areas. Other than the increase in interest free days (which is relatively common anyway), there would be no other reason to recommend it over another credit card.

See our top credit card picks in the Editor’s Choice category