No Annual Fee Commonwealth Bank Credit Cards
Many customers rave about the Commonwealth bank range of credit cards and other services. Where did the bank come from, and are they as special as everybody says?
What kind of credit card are you looking for? Are you looking for a credit card that offers a great deal on balance transfers?Maybe you want the luxury of a credit that offers a wide range of exciting rewards?
Perhaps you are a couple and are looking for a card that allows you an additional cardholder for free?
Whatever it is that you need from a credit card then the chances are that Commonwealth Bank will have a card to suit you.
In fact the financial industry itself has been so impressed with the range of credit cards offered by commonwealth that they have been awarded Money Magazine’s Bank of the Year award in 2008, Money Magazine’s Best Financial Website of the year in 2008, and also received a 5 star award from Cannex.
Featured Commonwealth Bank Credit Card
Commonwealth Bank Low Fee Credit Card offers a low interest rate on balance transfer and purchases. Plus $0 annual fee for the first year.
- $0 Annual Fee for the first year ($24 thereafter) annual fee
- 1% p.a. for 5 months (reverts to 20.24% p.a.) on purchases
- 5.99% p.a. for 5 months on balance transfers
- Cash Advance Rate of 21.74% p.a.
- 55 days interest free
Read the Commonwealth Bank Low Fee Credit Card terms and conditions.
So we know that industry insiders are impressed with Commonwealth Bank, but who are they? Where did they come from? Why are they so widely chosen by consumers?
Who Exactly is Commonwealth Bank?
Commonwealth Bank was actually founded by the Australian government back in 1912. After only one year of being established it already had branches in all states in the country.
It made it’s home in Sydney in 1916 and continues to operate from there. In fact since 1920 Commonwealth has also been the supplier of all Australian money on behalf of the treasury.
It is fair to say that Commonwealth is one of the most known and trusted banks, not just domestically, but also worldwide.
Commonwealth- The War Years
During world war two, Commonwealth Bank was given full control of central bank, but then post war was forced to split the operation in 1959. The Reserve Bank Of Australia took over control of the reserve side of the business, whilst Commonwealth remained in charge of general banking work.
As we move through history to nearer the present, Commonwealth began showing it’s ability to lead from the front, and innovate by creating the first credit card seen in the country in 1974- The Bank card.
After this products great success they began diversifying even more bringing in MasterCard in 1984, and VISA cards in 1993. They also brought the first debit card payment option into the country, and completely changed the way we bank by opening the first operational banking website in 1995.
Before that you could not make payments, or transfer money between accounts without making a phone call, or visiting a branch. Today more people bank online than in person.
Commonwealth Bank Today
So where does Commonwealth stand today? Well as we stand in 2010 Commonwealth Bank has:
- At least 1000 branches
- 3000 ATM machines in Australia
- Over 3800 Agencies
- 514 Agencies for business
As far as worldwide recognition goes this is also an area where Commonwealth over perform with customers having access to at least a million ATM machines around the globe.
Their credit cards are also accepted at an estimated 25 million places worldwide, meaning wherever you are there is a strong chance you will be able to pay with your Commonwealth Bank credit card.
World Wide Web Access
Commonwealth have one of the most complete Internet banking platform of any of the world’s major banks, making it easy to transfer money between accounts, make payments, increase your credit limits, and even apply for credit products.
Whatever the time of day you get full access to all the accounts that you hold with Commonwealth.
One of the things you are able to with the Commonwealth website is to apply for one of their many great credit card offers. Whatever your financial situation, and whatever it is you need from a credit card product then you will find it here.
For those looking for a credit card that will facilitate a balance transfer Commonwealth have a very competitive balance transfer credit card offer. They also have a number of credit cards that accommodate customers who wish to participate in an exclusive rewards scheme.
Silver, gold and platinum credit cards are available for those who want that little bit extra from their credit cards.
The Total Package
It is fairly safe to say that Commonwealth Bank is quite rightly considered one of the major financial powers in Australia. Their extensive range of financial products will appeal to every kind of customer, from consumer to businessperson.
Customer services is also something high on the Commonwealth’s list of priorities, so if there is anything you are unsure of, or have any questions about their credit card range, just give them a call. You’ll be glad that you did.
