Credit card offers

Go to credit card offers

Introducing the new Smart Awards credit card with up to 80,000 bonus CommBank Awards points or up to 40,000 Qantas Points

Earn 20,000 CommBank Awards points or 10,000 Qantas Points each month when you spend $1,500 or more per month for the first four months. Apply by 29 February 2024. Terms and conditions apply.^

Enjoy the flexibility of 0% p.a. on purchases for 6 months + up to $300 cashback on a Low Rate credit card

Earn $100 each month when you spend $500 or more per month for the first three months. Apply by 29 February 2024. Terms and conditions apply.~

Bonus awards

Enjoy up to $200 cashback with a Low Fee credit card

Earn $50 each month when you spend $500 or more per month for the first four months. Apply by 29 February 2024. Terms and conditions apply.#

Front view of a Low Rate credit card with visible CommBank and Mastercard logos

Low Rate credit card

  • 13.99% p.a purchase interest rate
  • Monthly fee: $6 per month
  • Minimum credit limit of $500
  • Complimentary Purchase Security and Extended Warranty Insurance provided by Cover-More12

More about Low Rate credit card

 

Trade-offs

  • You won’t earn Awards points
  • Higher monthly fee than our Low Fee credit card 
  • International travel insurance isn't included on the Low Rate credit card
  • International transaction fees apply

OFFER

Enjoy 0% p.a. on purchases for 6 months + up to $300 cashback

Earn $100 each month when you spend $500 or more per month for the first three months. Apply by 29 February 2024. Terms and conditions apply.^

Apply now
Front view of a Low Fee credit card with visible CommBank and Mastercard logos

Low Fee credit card

  • No monthly fee if you spend at least $300 in your statement period3. Otherwise monthly fee is $3
  • 20.99% p.a. purchase interest rate
  • Minimum credit limit of $500
  • Complimentary Purchase Security and Extended Warranty Insurance provided by Cover-More12

More about Low Fee credit card

 

Trade-offs

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

OFFER

Earn up to $200 cashback to spend how you want

Earn $50 each month when you spend $500 or more per month for the first four months. Apply by 29 February 2024. Terms and conditions apply.#

Apply now
Front view of a CommBank Neo card with visible CommBank and Mastercard logos

CommBank Neo card

  • 0% p.a. interest rate
  • A choice of three credit limits; $1,000, $2000 or $3,000
  • Simple monthly fee of $15, $20 or $25, 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 Yello Cashback Offers in the CommBank app2

More about CommBank Neo credit card

 

Trade-offs

  • You won’t earn Awards points
  • International travel insurance isn’t included
  • Cash advances are blocked (exceptions apply)11
  • No balance transfers
  • Not eligible for SurePay plans or Wealth Package benefits
  • Low credit limits

Apply now
Front view of an Awards credit card with visible CommBank and Mastercard logos

Awards credit card

  • Earn 1 Awards point5 per $1 spent on eligible purchases, up to and including $2,000 in a statement period. After spending $2,000, the Awards point earn rate is 0.5 Awards points per $1 spent
  • Earn unlimited Awards points per year
  • Monthly fee: $8 per month
  • 20.99% p.a. purchase interest rate
  • Minimum credit limit of $500
  • Up to 55 days interest-free on purchases
  • Pay no additional cardholder fee
  • Complimentary Purchase Security and Extended Warranty Insurance provided by Cover-More12

More about Awards credit card

 

Trade-offs

  • Higher purchase interest rate 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 on the Awards credit card

Apply now
Front view of a Smart Awards credit card with visible CommBank and Mastercard logos

Smart Awards credit card

NEW

  • Earn up to 1.5 Awards points or 0.6 Qantas Points for every $1 spent on eligible purchases, up to and including $5,000 in a statement period5
  • Points Boost: Earn up to 2 Bonus Points or 0.8 Qantas Points per $1 spent on your highest eligible purchase made in a statement period up to 1,000 Bonus Points or 400 Qantas Points5
  • No monthly fee8 if you spend at least $2,000 during your statement period. Otherwise the monthly fee is $19
  • Earn unlimited Awards Points or Qantas Points each year
  • Choose to earn CommBank Awards points or opt-in to earn Qantas Points for $60 per year.4
  • Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers2 in the CommBank app
  • Pay no international transaction fees for purchases you make overseas or online.9
  • Access to international travel insurance, when you spend at least $500 in a single transaction on prepaid travel using your card and activate before you travel6
  • Enjoy access to over 1,300 airport lounges worldwide for a fee with Mastercard Travel Pass provided by DragonPass with your Smart Awards credit card10
  • Pay no additional cardholder fee
  • Up to 55 days interest-free on purchases
  • 20.99% p.a. purchase interest rate
  • Minimum credit limit of $3,000

More about Smart Awards credit card

 

Trade-offs

  • Higher purchase interest rate compared to our Low Rate credit cards. May not be suitable if you only make minimum repayments over a prolonged period of time

OFFER

Earn up to 80,000 CommBank Awards points or up to 40,000 Qantas Points

Earn 20,000 CommBank Awards points or 10,000 Qantas Points each month when you spend $1,500 or more per month for the first four months. Apply by 29 February 2024. Terms and conditions apply.^

Apply now
Front view of an Ultimate Awards credit card with visible CommBank and Mastercard logos

Ultimate Awards credit card

  • Earn up to 3 Awards points or 1.2 Qantas Points4 for every dollar spent on eligible purchases, up to and including $10,000 in a statement period5
  • No monthly fee if you spend at least $4,000 in your statement period8
  • Earn unlimited Awards points or Qantas Points each year
  • Choose to earn CommBank Awards points or opt-in to earn Qantas Points for $60 per year.4
  • Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers2 in the CommBank app
  • No international transaction fees9
  • Access to international travel insurance, when you spend at least $500 in a single transaction on prepaid travel using your card and activate before you travel6
  • 20.99% p.a. purchase interest rate
  • Minimum credit limit of $6,000
  • Enjoy two complimentary airport lounge passes each calendar year to over 1,300 airport lounges worldwide and up-to-date travel information10
  • Enjoy cashback offers at participating overseas merchants with Mastercard Travel Rewards7
  • No additional cardholder fee

More about Ultimate Awards credit card

 

Trade-offs

  • The Ultimate Awards credit card has a higher monthly fee when compared to other Awards products. For the Ultimate Awards and Smart Awards credit cards the fee is waived if spend criteria is met
  • Higher purchase interest rate compared to our Low Rate credit cards. May not be suitable if you only make minimum repayments over a prolonged period of time

Apply now

Canstar 2021 - 2023 Outstanding Value Awards

CommBank is a Canstar award winner 3 years in a row for Outstanding Value - Rewards and Frequent Flyer Credit Cards.

Looking for a business credit card?

Looking for a personal loan?

Knowing the benefits, fees, charges and interest rates will help you choose the type of credit card that best suits your needs.

Ready for a credit card? Here are a few things to consider.

Knowing your credit score can help you understand how much – or how little – a credit lender might offer and why.

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 1 October 2023 and 29 February 2024. Offer not available on existing cards or switches from other card types and is not available to customers who currently hold, or have held, any activated Low Rate or Low Fee card types in the 12 months prior as a primary cardholder.

    0% p.a. interest rate on purchases for 6 months will be applied from the date of card approval and excludes cash advances and any purchase that is reversed or refunded.

    The monthly spend criteria is based on three successive 30 day periods and $100 cashback will be awarded when you spend $500 or more, minus any cash advances or refunds, in a month for the first three months. Maximum cashback available is $300. Your first 30 day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period.

    Cashback will be credited within 90 days of you meeting the spend criteria each month and will appear on your statement as ‘CASHBACK $100’. Cashback only available on one credit card per customer. 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. 

    We reserve the right to close the offer prior to 29 February 2024.

    # Offer available on new Low Fee credit cards applied for between 1 October 2023 and 29 February 2024. Offer not available on existing cards or switches from other card types and is not available to customers who currently hold, or have held, any activated Low Fee or Low Rate card types in the 12 months prior as a primary cardholder.

    The monthly spend criteria is based on four successive 30 day periods and $50 cashback will be awarded when you spend $500 or more, minus any cash advances or refunds, in a month for the first four months. Maximum cashback available is $200. Your first 30 day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period.

    Cashback will be credited within 90 days of you meeting the spend criteria each month and will appear on your statement as ‘CASHBACK $50’. Cashback only available on one credit card per customer. 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. 

    We reserve the right to close the offer prior to 29 February 2024.

    ^ Offer available on new Smart Awards credit cards applied for between 1 October 2023 and 29 February 2024. Offer not available on existing cards or switches from other card types is not available to customers who currently hold, or have held, any activated Awards card types in the 12 months prior as a primary cardholder. 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.

    The monthly spend criteria is based on four successive 30 day periods and 20,000 CommBank Awards points or 10,000 bonus Qantas Points will be awarded when you spend $1,500 or more, minus any cash advances or refunds, in a month for the first four months. Your first 30 day period commences from the day your account is opened which you can find on your first statement. Maximum points available is 80,000 CommBank Awards points or 40,000 Qantas Points. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period. Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the spend criteria each month.

    To be awarded the bonus Qantas Points, 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. If you opt-in to Qantas Points in your credit card application, or after applying but before you meet each offer eligibility criteria, you will receive 10,000 bonus Qantas Points in place of CommBank Awards each month. Points are initially accrued as Awards points in the CommBank Awards Program and will be automatically converted, at the end of the next Statement Period, into Qantas Points and transferred to your Qantas Frequent Flyer account after meeting the eligibility criteria. If you don’t opt-in to Qantas Points, or you opt-out of Qantas Points prior to meeting the spend eligibility criteria, you will receive 20,000 CommBank Awards points each month.

    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 29 February 2024.

    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.

    The CommBank Yello Cashback Offers program (‘CommBank Yello Cashback Offers’) rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on our website at commbank.com.au) (‘CommBank Yello’). Your participation in CommBank Yello Cashback Offers is governed by the full Terms and Conditions available in the CommBank app.

    3 For Low Fee credit cards, there is no monthly fee when you spend at least $300 on your Low Fee credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $3. Spend includes all purchases and cash advances made using your Low Fee credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

    4 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, you can join here. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms.

    Opt-in to earn Qantas Points is $60 per year.

    This is a non-refundable additional fee charged to your card when you opt-in to earn Qantas Points and each subsequent year on the anniversary of your opt-in. This is charged once per year in addition to your regular credit card fees.

    Once CommBank Awards points have been redeemed for Qantas Points, they cannot be converted back to the CommBank Awards points program.

    5 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 CommBank Awards points and Qantas Points work:

    If you opt-in to earn Qantas Points, your CommBank Awards points earnt each month are automatically transferred to your Qantas Frequent Flyer account at the end of each statement period, at the 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. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms.

    b) How Awards points work:

    Earn 1 Awards point for every $1 spent on eligible purchases, up to and including $2,000 in statement period. Once you have spent $2,000 in any given statement period, you will earn 0.5 Awards points for every $1 you spend on any other purchases within that period.

    You will not be able to opt-in to earn Qantas Points.

    c) How Smart Awards points work:

    Earn up to 1.5 Awards points or 0.6 Qantas Points per $1 spent at major Australian supermarkets, department stores, petrol stations, dining (cafes, restaurants, fast food & delivery services) and utilities (electricity, gas and water only). 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.

    Earn up to 1 Awards point or 0.4 Qantas Points for every $1 spent on all other purchases.

    Once you have spent $5,000 in any given statement period, you will earn 0.5 Awards points or 0.2 Qantas Points per $1 spent on any other purchases within that period.

    Points Boost

    Earn up to 2 Bonus Points per $1 spent on your highest eligible transaction (not exceeding $500) made in a statement period up to 1,000 Bonus Points. Points Boosts will be applied at the end of each statement period (in some instances, purchases at the end of the statement period may be allocated to the next statement period and may be identified as the highest eligible purchase for that statement period). They will appear on your credit card statement under the ‘Awards Transactions’ section.

    d) How Ultimate Awards points work: 

    Earn up to 3 Awards points or 1.2 Qantas Points per $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.

    Earn up to 2 Awards points or 0.8 Qantas Points per $1 spent at major Australian supermarkets, department stores, petrol stations, dining (cafes, restaurants, fast food & delivery services) and utilities (electricity, gas and water only). 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.

    Earn up to 1 Awards point or 0.4 Qantas Points per $1 spent on all other purchases.

    Once you have spent $10,000 in any given statement period, you will earn 0.5 Awards points or 0.2 Qantas Points per $1 spent on any other purchases within that period.

    6 International travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period when you spend at least $500 on a single prepaid travel transaction using your eligible credit card account. You will need to activate your travel insurance for each trip in order to receive any cover, including Overseas Medical cover. You will also qualify if the $500 worth of prepaid travel costs is redeemed using CommBank Awards points. You will need to provide a copy of the letter/statement/email confirming the redemption. To activate your cover, register on NetBank, the CommBank app or call Cover-More on 1300 467 951 before you travel. Terms, conditions, restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), benefit limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance products listed are issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia (CBA). CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase an upgrade policy, we (CBA) receive a commission which is a percentage of your premium. More information can be found at commbank.com.au/travelinsuranceincluded.

    7 Mastercard Travel Rewards are only available through participating merchants outside Australia. To receive the advertised cashback, pay with your Smart Awards and 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. Cashbacks may take up to 30 days to appear on your statement. Visit mastercard travel rewards for a list of participating merchants and to find out more.

    8 For Smart Awards credit cards, there is no monthly fee if you spend at least $2,000 on your Smart Awards credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $19. Spend includes all purchases and cash advances made using your Smart Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

    For Ultimate Awards credit cards, there is no monthly fee if you spend at least $4,000 on your Ultimate Awards credit card in your statement period to qualify for no monthly fee for that month. 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).

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

    10 To gain access to participating airport lounges, you must register your Smart Awards and Ultimate Awards credit card on the Mastercard Travel Pass app or mastercardtravelpass.dragonpass.com, generate a membership QR code and present this along with your boarding pass for validation. Ultimate Awards customers receive two complimentary lounge visits every year, per account, each visit can be used by either the primary cardholder or guest. Guest must always be accompanied by the primary cardholder and cannot use the access on their own. Smart Awards customers will pay a fee. Please note, your lounge access may be blocked if your 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 Travel Pass app or mastercardtravelpass.dragonpass.com to select your preferred offer and generate an offer QR code. Present the valid offer QR 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 FAQs at Mastercard Travel Pass.

    11 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.

    12 Purchase Security and Extended Warranty Insurances are issued by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640). Cover-More administers the products and arranges the issue of the insurance to Commonwealth Bank of Australia (CBA)(AFSL 234945, ABN 48 123 123 124) who then provides the insurance to the cardholder in line with the agreement. Limits, , sub-limits, conditions and exclusions apply. Please read the Credit Card Insurances Information Booklet for more information.

    Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

    Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.