Current offers

0% p.a. on purchases for 15 months

With a new Low Fee Gold or Low Rate Gold credit card. Apply by 30 June 2020.~

100,000 Bonus Awards Points offer

100,000 Bonus Awards Points when you apply for a new CommBank Ultimate Awards credit card by 30 May 2020 and spend $5,000 on eligible purchases using your new card within 90 days from activation.^^

couple lying down on a beach

Bonus points awards offer

Earn 100,000 Bonus Awards Points when you apply for a new CommBank Platinum Awards credit card by 30 June 2020 and spend $4,000 on eligible purchases within 90 days of activation.^

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.

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

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Offer

0% p.a. on purchases for 15 months. Apply by 30 June 2020.~

  • 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 $52
  • Credit limit from $400 to a maximum of $3000 

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Low fee credit cards

Enjoy no annual fee for the first year and each year after when you meet certain spend requirements.1

  • $0 annual fee in the first year and subsequent years when you spend $1,0001
  • 19.74% p.a. purchase interest rate
  • Minimum credit limit of $500

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  • $0 annual fee in the first year and subsequent years when you spend $10,0001
  • 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 insurance4

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Offer

0% p.a. on purchases for 15 months. Apply by 30 June 2020~.

Awards credit cards

Earn points3 quickly when you use your CommBank Awards credit card for daily spending.

  • Earn 1 Awards point for every dollar spent using your Mastercard®, up to 50,000 points a year3
  • $59 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $500

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Offer

30,000 Bonus Awards Points when you apply for a new CommBank Awards credit card by 30 June 2020 and spend $2,000 on eligible purchases using your new card within 90 days from activation.^

  • Earn 1 Awards point for every $1 spent using your Mastercard®, up to 150,000 points a year3
  • $249 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $6,000
  • Handy extras like international travel insurance4

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Offer

100,000 Bonus Awards Points when you apply for a new CommBank Platinum Awards credit card by 30 June 2020 and spend $4,000 on eligible purchases using your new card within 90 days from activation.^

  • Earn 1.25 Awards points for every dollar spent using your Mastercard®, up to 1 million points per year3
  • $349 annual fee
  • 20.24% p.a. purchase interest rate
  • Minimum credit limit of $15,000
  • Handy extras like international travel insurance4
  • Enjoy cashback offers at participating merchants when you travel overseas with Mastercard Traveler Rewards5

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Ultimate Awards credit card

New

  • Earn up to 3 Awards points for every dollar spent using your Mastercard® up to $10,000 in a statement period6
  • No monthly fee if you spend $2,500 in your statement period and choose to receive online statements7
  • No international transaction fees8
  • Earn unlimited Awards points each year
  • Handy extras like international travel insurance4
  • 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.9
  • Enjoy cashback offers at participating overseas merchants with Mastercard Traveler Rewards5
  • No additional cardholder fee

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OFFER

100,000 Bonus Awards Points – Apply for a new Ultimate Awards credit card by 30 May 2020 and spend $5,000 on eligible purchases within 90 days from activation. New CommBank Awards customers only.^^

Looking for a business credit card?

Things you should know

^ This offer has been extended. Offer applies to new Retail and Business Standard Awards and Platinum Awards credit cards applied and submitted between 01/11/2019 and 30/06/2020 only (previous end date 29/02/2020). To be eligible for the bonus CommBank Awards points, you need to meet the minimum spend requirements on eligible purchases using your new card within the first 90 days of activation (excludes balance transfers, cash advances and any purchase that is reversed or refunded).

Offer excludes all existing cards, 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. Offer only available on one credit card per customer, offer can be withdrawn at any time. Bonus points will appear on your statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria.

You will be ineligible for the points if your account is closed, transferred, or in default at any time prior to the points being credited to your account. The earning and redemption of CommBank Award points are subject to the Commonwealth (CommBank) Awards Program Terms and Conditions, available here.

^^ Offer applies to new Ultimate Awards credit card applications submitted between 28/01/2020 and 30/05/2020 only. To be eligible for the bonus CommBank Awards points, you need to meet the minimum spend of $5,000 on eligible purchases using your new card within the first 90 days of activation (excludes balance transfers, cash advances and any purchase that is reversed or refunded).

Offer excludes all existing cards, 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. Offer only available on one credit card per customer, offer can be withdrawn at any time. Bonus points will appear on your statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. You will be ineligible for the points if your account is closed, transferred, or in default at any time prior to the points being credited to your account. The earning and redemption of CommBank Award points are subject to the Commonwealth (CommBank) Awards Program Terms and Conditions, available here.

~ This offer has been extended. Offer available on new Low Fee Gold and Low Rate Gold credit cards when you create an application between 01/11/2019 and 30/06/2020 only (previous end date 29/02/2019). Excludes all other card types. The 0% p.a. promotional interest rate on purchases is valid for 15 months from the date of card approval (excludes balance transfers and cash advances). At the end of the 15 month period, the interest rate will revert to the standard variable purchase interest rate for your card at that time. Offer excludes all existing cards, switches from other card types and will not be applied if you switch to a new product during the promotional period, offer can be withdrawn at any time.

Applications are subject to credit approval. Full Conditions of Use will be included in our Letter of Offer. Fees and charges are payable.

1 We'll waive your annual fee for the first year, and then continue to waive your annual fee each subsequent year as long as you spend at least $1,000 (Low Fee) or at least $10,000 (Low Fee Gold) in the previous year (on purchases and cash advances only).

2 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)

3 The earning and redemption of CommBank Awards points are subject to the Commonwealth (CommBank) Awards Program Terms & Conditions. Points are earned on eligible transactions (excludes for example BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card) and are subject to points capping. Awards and the number of points required for Awards are subject to change at any time without notice.

Customers opted in to Qantas Frequent Flyer Direct can earn up to 50,000 Awards points per year which can be transferred/ converted to 20,000 Qantas Points (Awards) or earn up to 150,000 Awards points per year which can be transferred/ converted to 60,000 Qantas Points (Platinum Awards) or earn up to 1,000,000 Awards points per year which can be transferred/ converted to 400,000 Qantas Points (Diamond Awards). With the Ultimate Awards credit card, earn unlimited Awards points each year. To opt in to Qantas Frequent Flyer Direct, call 13 1661 or visit the Awards website Redeem Travel page. There is a $30 annual fee charged for opting in. Once a customer has opted in to Qantas Frequent Flyer Direct, all CommBank Awards points will be automatically transferred/converted to Qantas Points and credited monthly to their Qantas Frequent Flyer account at the applicable conversion rate. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. A joining fee may apply. Membership and the earning and redemption of points are subject to the Qantas Frequent Flyer program terms and conditions. Further information on the Qantas Frequent Flyer program including the terms and conditions of the program are available at qantas.com/terms or by calling 13 11 31.

4 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.

5 Mastercard Traveler 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 www.mastercard.com/travelerrewards for a list of participating merchants and to find out more.

6 The earning and redemption of CommBank Awards points are subject to the Commonwealth (CommBank) Awards Program Terms & Conditions, available here. Points are earned on eligible transactions (excludes for example BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card) and may be subject to points capping. Awards and the number of points required for Awards are subject to change at any time without notice.

The Ultimate Awards credit card features:

3 points per $1 spent on international transactions. International transactions include purchases made overseas or in Australia (for example online) where the merchant or entity processing the transaction is located outside of Australia.

2 points per $1 spent at major Australian supermarkets, department stores and petrol stations. Please note that we are reliant on information about the merchant's business categorisation provided to us by either the merchant or their financial institution. The merchant must be classified as a major 'supermarket', 'department store' or 'service (petrol) station' for the purposes of Mastercard transactions, excluding any business or organisation paid using any intermediary platform, for example, PayPal.

1 point per $1 spent on all other purchases.

After spending $10,000 in a given statement period, any additional purchases (regardless of category) made within the same statement period are subject to earn 0.5 points per $1 spent. Please note, this is only applicable from May 2020.

7 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.

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

9 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.

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.