Current offers

$150 cashback to spend how you want

On a new Low Fee Gold credit card by 28 February 2022. Spend $1,000 on purchases within 90 days of card activation.*

Bonus awards

Enjoy 70,000 bonus Qantas Points

Get 70,000 bonus Qantas Points when you apply for a new Ultimate Awards credit card by 28 February 2022. Spend criteria and conditions apply.^

Enjoy the flexibility of 0% p.a. on purchases for 16 months

On a new Low Rate credit card. Apply by 28 February 2022.~

Interest-free card

A new way to pay. Interest-free credit with no late fees or surprise charges. Just a simple monthly fee.

Trade-offs

  • You won’t earn Awards points
  • International travel insurance isn’t included
  • Cash advances are blocked (exceptions apply)13
  • No balance transfers
  • Not eligible for SurePay plans or Wealth Package benefits
  • Low credit limits

CommBank Neo interest-free card

CommBank Neo card

  • 0% p.a. interest rate
  • A choice of three credit limits; $1,000, $2000 or $3,000
  • Simple monthly fee of $12, $18 or $22, depending on your limit. If you don’t use your card and pay your total balance owing in full, you won't be charged the monthly fee1
  • $0 late fees
  • $0 additional cardholder fee
  • No international transaction fees
  • Cashback benefits for eligible cardholders through CommBank Rewards in the CommBank app2

Tell me more

Apply now

Low rate credit cards

With a low interest rate on purchases, our Low Rate credit card makes it easier to pay off your balance over time.

Trade-offs

  • You won’t earn Awards points
  • International travel insurance isn't included on Low Rate credit card and CommBank Essentials credit card
  • Low Rate and Low Rate Gold cards have a higher annual fee compared to the Essentials credit card
  • International Transactions fees apply
  • Cash advances are blocked on CommBank Essentials (exceptions apply)13

  • 13.24% p.a purchase interest rate
  • $59 annual fee
  • Minimum credit limit of $500

Tell me more

Offer

Enjoy 0% p.a. on purchases for 16 months

Apply by 28 February 2022.~

Apply now

Tell me more

Apply now

  • 9.90% p.a. purchase interest rate
  • $2 monthly fee when you choose online statements and set up automatic repayments from a CommBank transaction account using AutoPay. Otherwise monthly fee is $54
  • Credit limit from $400 to a maximum of $3000 

Tell me more

Apply now

Low fee credit cards

Enjoy no annual fee for the first year and each year after when you meet certain spend requirements.3

Trade-offs

  • You won’t earn Awards points
  • International travel insurance isn’t included on Low Fee credit card
  • Higher interest rates on purchases compared to our Low Rate credit cards. May not be suitable if you only make minimum repayments over a prolonged period of time
  • International transaction fees apply

  • $0 annual fee in the first year and subsequent years when you spend $1,0003
  • 19.74% p.a. purchase interest rate
  • Minimum credit limit of $500

Tell me more

OFFER

$100 cashback to spend how you want

Apply by 28 February 2022 and spend $1,000 on purchases within 90 days of card activation.#

Apply now

  • $0 annual fee in the first year and subsequent years when you spend $10,0003
  • 19.74% p.a. purchase interest rate
  • Minimum credit limit of $4,000
  • Pay no international transaction fees for purchases you make overseas or online
  • Handy extras like international travel insurance7

Tell me more

OFFER

$150 cashback to spend how you want

Apply by 28 February 2022 and spend $1,000 on purchases within 90 days of card activation.*

Apply now

Awards credit cards

Earn points5 quickly when you use your CommBank Awards credit card for daily spending.

Trade-offs

  • The Diamond and Ultimate card options have a higher annualised fee when compared to other Awards products. For the Ultimate card the fee is waived if spend criteria is met
  • Higher interest rates on purchases compared to our Low Rate and Low Fee credit cards. May not be suitable if you only make minimum repayments over a prolonged period of time
  • International transaction fees apply on Awards, Platinum and Diamond cards
  • $10 p.a. additional cardholder fee on Awards. Platinum and Diamond cards

  • Earn 1 Awards point or 0.4 Qantas Points5 for every dollar spent using your Mastercard®6
  • Earn up to 50,000 Awards points or 20,000 Qantas Points a year
  • $59 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $500

Tell me more

Apply now

  • Earn 1 Awards point or 0.4 Qantas Points5 for every dollar spent using your Mastercard6
  • Earn up to 150,000 Awards points or 60,000 Qantas Points a year
  • $249 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $6,000
  • Handy extras like international travel insurance7

Tell me more

Offer

70,000 CommBank Awards points or 50,000 Qantas Points

Apply by 28 February 2022 and spend $4,000 on eligible purchases within 90 days of card activation.^

Apply now

  • Earn 1.25 Awards points or 0.5 Qantas Points5 for every dollar spent using your Mastercard6
  • Earn up to 1 million Awards points or 400,000 Qantas Points a year
  • $349 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $15,000
  • Handy extras like international travel insurance7
  • Cashback benefits for eligible cardholders through CommBank Rewards2 in the CommBank app
  • Enjoy cashback offers at participating merchants when you travel overseas with Mastercard Travel Rewards8

Tell me more

Apply now

Ultimate Awards credit card

New

  • Earn up to 3 Awards points or 1.2 Qantas Points5 for every dollar spent using your Mastercard up to $10,000 in a statement period9
  • No monthly fee if you spend $2,500 in your statement period and choose to receive online statements10
  • No international transaction fees11
  • Earn unlimited Awards points or Qantas Points each year
  • Handy extras like international travel insurance7
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $6,000
  • Enjoy paid access to over 1,000 lounges worldwide with Mastercard Airport Experiences provided by LoungeKey, paid for using your Ultimate Awards credit card.12
  • Cashback benefits for eligible cardholders through CommBank Rewards2 in the CommBank app
  • Enjoy cashback offers at participating overseas merchants with Mastercard Travel Rewards8
  • No additional cardholder fee

Tell me more

Offer

100,000 CommBank Awards points or 70,000 Qantas Points

Apply for a new Ultimate Awards credit card by 28 February 2022. Spend criteria and conditions apply.^

Apply now

Looking for a business credit card?

Looking for a personal loan?

Things you should know

The advice on this website has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances. Applications for credit cards are subject to credit approval. Full terms and conditions will be included in our Letter of Offer. Bank fees and charges apply.

~ Offer available on new Low Rate credit cards applied for between 01/10/2021 and 28/02/2022. Offer not available on all other card types, including Low Rate Gold, CommBank Essentials and CommBank Neo credit card, existing cards, and switches from other card types, and will be forfeited if you switch to a different credit card type during the 16 month period. The 0% p.a. interest rate on purchases (but not balance transfers and cash advances) is valid for 16 months from the date of card approval. At the end of the 16 month period, the interest rate will convert to the standard variable purchase interest rate at that time. We reserve the right to close the offer prior to 28/02/2022.

# Offer available on new Low Fee credit cards applied for between 01/10/2021 and 28/02/2022. Offer not available on all other card types, existing cards, switches from other card types, and new Low Fee credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account. To be eligible for the $100 cashback on a new Low Fee card, you need to spend at least $1,000 on purchases (not including balance transfers and cash advances) using your new card within 90 days of activation. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $100’. Cashback only available on one credit card per customer. We reserve the right to close the offer prior to 28/02/2022.

* Offer available on new Low Fee Gold credit cards applied for between 01/10/2021 and 28/02/2022. Offer not available on all other card types, existing cards, switches from other card types, and new Low Fee credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account. To be eligible for the $150 cashback on a new Low Fee Gold card, you need to spend at least $1,000 on purchases (not including balance transfers and cash advances) using your new card within 90 days of activation. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $150’. Cashback only available on one credit card per customer. We reserve the right to close the offer prior to 28/02/2022.

^ Offer available on new Ultimate Awards, Platinum Awards and Business Platinum Awards credit cards applied for between 01/10/2021 and 28/02/2022. Offer not available on all other card types, existing cards, and switches from other card types and is not available to customers who currently hold, or have held, any Awards card types in the 12 months prior. You will be ineligible for the bonus Qantas Points or CommBank Awards points if your credit card account is closed, transferred, or in default at any time prior to the points being credited to your account.

To be eligible for the 100,000 CommBank Awards points on a new Ultimate Awards card, you need to spend at least $5,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation. 

To be eligible for the 70,000 bonus Qantas Points on a new Ultimate Awards card, you must opt-in to Qantas Points in your CommBank credit card application or via the CommBank Awards website prior to meeting the spend criteria. You need to spend at least $5,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation. 

To be eligible for the 70,000 CommBank Awards points on a new Platinum Awards or Business Platinum Awards card, you need to spend at least $4,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation. 

To be eligible for the 50,000 bonus Qantas Points on a new Platinum Awards or Business Platinum Awards card, you must opt-in to Qantas Points in your CommBank credit card application or via the CommBank Awards website prior to meeting the spend criteria. You need to spend at least $4,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation. 

Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. 

If you opt-in to Qantas Points after applying but before you meet the eligibility criteria, you will receive 70,000 bonus Qantas Points on a new Ultimate Awards credit card, or 50,000 bonus Qantas Points on a new Platinum Awards or Business Platinum Awards card.

If you don’t opt-in to Qantas Points, or you opt-out of Qantas Points prior to meeting the eligibility criteria, you will receive the Bonus CommBank Awards points associated with this offer (100,000 CommBank Awards points on a new Ultimate Awards card or 70,000 CommBank Awards points for a new Platinum Awards or Business Platinum Awards card) in place of Qantas Points.

The earning and redemption of CommBank Award points are subject to the CommBank Awards Program Terms and Conditions available at commbank.com.au/awardst&cs. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program.

Offer only available on one credit card per customer. We reserve the right to close the offer prior to 28/02/2022.

If you don't have any processed transactions in a given statement period and pay your previous statement closing balance in full by the due date, you won't be charged a monthly fee for that statement period. We may process transactions later than the day you originally made them. This is when your transaction is no longer a pending transaction and has been fully processed by us.

2  Eligible CBA credit or debit Mastercard, Business credit cards and StepPay customers, that are at least 18 years old, are not in hardship, and are not in default with any CommBank accounts can access CommBank Rewards through the latest version of the CommBank app. Terms and conditions including minimum spend requirements apply to CommBank Rewards and can be viewed within the CommBank app.

3 The annual fee is waived in the first year and every subsequent year if you spend at least $1,000 (Low Fee) or $10,000 (Low Fee Gold) in the previous year. Spend includes all purchases and cash advances fully processed in that year (excludes pending transactions) minus any refunds.

4 The annual fee is charged at $5 per month or $2 per month if you:

  • Set up automated monthly repayments through our credit card AutoPay from a CommBank transaction account and
  • Opt in to receive online statements on your CommBank Essentials account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address)

5 You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. If you are not a Qantas Frequent Flyer member, join for free. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms.

6 How you earn or redeem CommBank Awards points will be subject to the Commonwealth (CommBank) Awards Program Terms & Conditions. You only earn points on eligible transactions (this excludes, for example, BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card). The number of points you can earn may be capped. Awards and the number of points required for Awards are subject to change at any time without notice.

a) How Awards points and Qantas Points work:

If you opt-in to earn Qantas Points, your CommBank Awards points earned each month are automatically transferred to your Qantas Frequent Flyer account at the end of each statement period, at a rate of 2.5 CommBank Awards points to 1 Qantas Point. Points transferred to your Qantas Frequent Flyer account are captured on your CommBank credit card statement. Awards credit card holders can earn up to 50,000 Awards points per year, which is equal to 20,000 Qantas Points. Business Awards credit card holders can earn up to 60,000 Awards points per year, which is equal to 24,000 Qantas Points. Platinum Awards credit card holders can earn up to 150,000 Awards points per year, which is equal to 60,000 Qantas Points. Business Platinum Awards credit card holders can earn up to 300,000 Awards points per year, which is equal to 120,000 Qantas Points. Diamond Awards credit card holders can earn up to 1,000,000 Awards points per year, which is equal to 400,000 Qantas Points. Ultimate Awards credit card holders can earn unlimited Awards points per year, which are then transferred to Qantas Points.

7 If you activate an international travel insurance policy included with an eligible credit card or where a claim event on other insurances occurs prior to 1 October 2018, the insurance is issued and managed by AWP Australia Pty Limited ABN 52 097 227 177 AFSL No. 245631 (trading as Allianz Global Assistance) on behalf of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No. 234708 for Commonwealth Bank of Australia.

If you activate an international travel insurance policy included with an eligible credit card or where a claim event on other insurances occurs on or after 1 October 2018, the insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia.

Cover is available for you, your spouse and your eligible dependent/accompanied children for return trips from Australia, up to a set period. You need to activate your international travel insurance included with eligible credit cards before each trip in order to have comprehensive level of cover. If you don’t activate, you’ll receive personal liability cover and overseas emergency medical assistance and overseas emergency medical and hospital expenses cover only.

Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here.

8 Mastercard Travel Rewards are only available through participating merchants outside Australia. To receive the advertised cashback, pay with your Diamond Awards or Ultimate Awards Mastercard at a participating overseas merchant and meet the offer’s terms and conditions. You must pay in the overseas currency of the offer – transactions made in Australian dollars are not eligible. An international transaction fee will apply for Diamond Award carholders only. Cashbacks may take up to 30 days to appear on your statement. Visit mtr.mastercardservices.com for a list of participating merchants and to find out more.

9 How you earn or redeem CommBank Awards points will be subject to the Commonwealth (CommBank) Awards Program Terms & Conditions. You only earn points on eligible transactions (this excludes, for example, BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card). Awards and the number of points required for Awards are subject to change at any time without notice. If you opt-in to earn Qantas Points, your CommBank Awards points earned each month are automatically transferred to your Qantas Frequent Flyer account at the end of each statement period, at a rate of 2.5 CommBank Awards points to 1 Qantas Point. Points transferred to your Qantas Frequent Flyer account are captured on your CommBank credit card statement.

How Ultimate Awards points work: 

You can earn up to 3 Awards points for eligible purchases you make on the Ultimate Awards card. 

You get 3 Awards points for every $1 spent on international transactions. International transactions include any purchase you make overseas or when shopping online from Australia if the merchant or entity who processes the payment is based overseas. 

You get 2 Awards points for every $1 spent at major Australian supermarkets, department stores and petrol stations. Earning these points depends on how the merchant categorises their business and provide us this information (directly or through their financial institution). You’re unable to get these points if you use an intermediary platform such as PayPal for these transactions.

You get 1 Awards point for every $1 spent on all other purchases. 

Once you have spent $10,000 in any given statement period, you will earn 0.5 Awards points for every dollar you spend on any other purchases within that period.

10 There is no monthly fee for the Ultimate Awards credit card if you: (i) Spend at least $2,500 during your statement period; and (ii) Choose to receive online statements. Otherwise the monthly fee is $35.

Spend includes all purchases and cash advances made using your Ultimate Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions). You can opt in to receive online statements through NetBank or the CommBank app, which will require a valid email address.

11 Pay no international transaction fees for purchases you make overseas or online. For international cash advances, the cash advance fee will apply.

12 To gain access to participating airport lounges, you must present your Ultimate Awards card or your digital lounge access code on the Mastercard Airport Experiences app, along with your boarding pass and identify yourself as a LoungeKey member for validation.

Each time you visit a lounge, you will be charged a lounge visit fee to your Ultimate Awards card. You will also be charged a lounge visit fee for each additional guest you bring with you.

Please note, your lounge access may be blocked if your primary account is closed, in arrears, reported lost or stolen, or has been blocked by us for any reason.

To redeem an offer visit the Mastercard Airport Experiences app or airport.mastercard.com to select your preferred offer and generate an offer code. Present the valid offer code to the cashier and redeem the offer. Please note, offers vary by location.

For information on accessing lounges, offer locations, a full list of Terms and Conditions and Frequently Asked Questions, visit airport.mastercard.com or call +61 2 7202 3584, 24/7.

13 We’re unable to block cash advance transactions that aren’t sent to us for authorisation. These will not incur any additional fees or interest charges.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.