Commonwealth Bank Gold Card
The deal you get with the Commonwealth Bank Gold Awards Card provides you with the benefits of actually having two cards. With a Commonwealth Bank Gold Awards American Express card and a Commonwealth Bank Gold MasterCard, you get the best of both. Rewards can accumulate much faster with the Amex card and you get the coverage that MasterCard is known for. Working in tandem like that, you can’t go wrong.
Commonwealth Bank Gold Awards Card Overview
The Commonwealth Bank Gold Awards Card is similar to the Commonwealth Bank Awards Card but with a different annual fee of $144 per year. While there are some cards that come with a lower annual rate, noen have the same advantages and rewards as the Commonwealth Bank Gold Awards Card.
The thing that you will notice first about the CBA Gold Awards Card is that it has free comprehensive travel insurance and a 90 day purchase security coverage on all purchases made. So no matter if you are traveling or just shopping around, if anything gets lost, stolen, or damaged, you’ll be covered. And if you want more protection, there is an extended warranty on purchases. That means that when the regular warranties expire on items that you have bought, you’ll still have them under warranty with the CBA Gold Awards Card.
Despite the program having two cards, you don’t have to worry about keeping track of two separate statements. You will only be responsible for one statement and making one payment. The interest rate with the CBA Gold Awards Card is at 20.24% on all purchases. To help you cope with this, a 55 day interest free period can give you the time to pay off the balance before the interest start to add up. The card can even be useful for debt consolidation with a transfer balance of 5.99% for the first 5 months.
With the rewards program, you end up earning points three times as fast than if you had just one card. The Amex card gives you 2 points for every dollar spent while the MasterCard gives you an even 1 point for every dollar spent. The flexibility allows you to use the points on travel, hotels, dining out, or even shopping.
In Summary: With the Commonwealth Bank Gold Awards Card, you are getting the perks from two separate cards but at practically the price of one. It offers great coverage for traveling and shopping and gives cardholders peace of mind with their security.
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