Cashback offers

  • Low Fee credit card

    At a glance

    • $0 monthly fee when you spend $300 per month1. Otherwise monthly fee is $3. 
    • 20.99% p.a. purchase interest rate
    • Minimum credit limit of $500 

    Trade-offs

    • You won’t earn Awards points
    • International travel insurance isn’t included
    • International transaction fees apply
    • Higher interest rate 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
  • Current Offer

    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. Offer commenced 1 March 2024. Terms and conditions apply.#

    Offer not available to:

    • Any customers who switch from an existing CommBank credit card
    • Customers who currently hold a Low Fee or Low Rate card as a primary cardholder
    • Customers who have held a Low Fee or Low Rate card, as a primary cardholder, in the last 12 months
  • Exclusive CommBank Yello Offer

    Up to $240 cashback to spend how you want

    Earn $60 each month when you spend $500 or more per month for the first four months. Offer commenced 1 March 2024 and is only available to customers who are in a CommBank Yello tier when applying for the credit card. Terms and conditions apply.#

    Offer not available to:

    • Customers that are not in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) when they apply for a new Low Fee credit card.
    • Any customers who switch from an existing CommBank credit card
    • Customers who currently hold a Low Fee or Low Rate card as a primary cardholder
    • Customers who have held a Low Fee or Low Rate card, as a primary cardholder, in the last 12 months

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0% interest offers

  • Low Rate credit card
  • Low Rate credit card

    At a glance

    • 13.99% p.a. purchase interest rate
    • Monthly fee: $6 per month
    • Minimum credit limit $500

    Trade-offs

    • You won’t earn Awards points
    • Higher monthly fee compared to the Low Fee credit card
    • International travel insurance isn’t included
    • International transaction fees apply
  • Current Offer

    Enjoy 0% p.a. on purchases for the first 3 months + up to $240 cashback

    Earn $60 each month when you spend $500 or more per month for the first four months. Offer commenced 1 March 2024. Terms and conditions apply.~

    Offer not available to:

    • Any customers who switch from an existing CommBank credit card
    • Customers who currently hold a Low Rate or Low Fee card as a primary cardholder
    • Customers who have held a Low Rate or Low Fee card, as a primary cardholder, in the last 12 months
  • Exclusive CommBank Yello Offer

    Enjoy 0% p.a. on purchases for the first 3 months + up to $400 cashback

    Earn $100 each month when you spend $500 or more per month for the first four months. Offer commenced 1 March 2024 and is only available to customers who are in a CommBank Yello tier when applying for the credit card. Terms and conditions apply.~

    Offer not available to:

    • Customers that are not in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) when they apply for a new Low Rate credit card.
    • Any customers who switch from an existing CommBank credit card
    • Customers who currently hold a Low Rate or Low Fee card as a primary cardholder
    • Customers who have held a Low Rate or Low Fee card, as a primary cardholder, in the last 12 months

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Bonus points offers

  • Smart Awards credit card
  • Smart Awards credit card

    At a glance

    • Points Boost: Earn up to 2 Bonus Points per $1 spent on your highest eligible purchase made in a statement period up to 1,000 Bonus Points2
    • Earn up to 1.5 Awards points for every dollar spent up to and including $5,000 in a statement period on eligible purchases2
    • No monthly fee3 if you spend at least $2,000 during your statement period. Otherwise the monthly fee is $19.  
    • Pay no international transaction fees for purchases you make overseas or online4
    • Earn unlimited Awards points each year
    • Enjoy access to over 1,300 airport lounges worldwide for a fee with Mastercard Travel Pass provided by DragonPass with your Smart Awards credit card6
    • 20.99% p.a. purchase interest rate
    • Minimum credit limit of $3,000

    Trade-offs

    • Higher fee than our Awards card
    • 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
    • After spending $5,000 in a given statement period, the Awards point earning rate is 0.5 Awards points or 0.2 Qantas Points5 per $1 spent for the remainder of your statement period3
  • Current Offer

    Earn up to 75,000 CommBank Awards points or up to 30,000 Qantas Points.

    Earn 25,000 CommBank Awards points or 10,000 Qantas Points each month when you spend $1,500 or more per month for the first three months. Offer commenced 1 March 2024. Terms and conditions apply.^

    Offer not available to:

    • Any customers who switch from an existing CommBank credit card
    • Customers who currently hold an Awards card type as a primary cardholder
    • Customers who have held an Awards card type, as a primary cardholder, in the last 12 months
  • Exclusive CommBank Yello Offer

    Earn up to 90,000 CommBank Awards points or up to 45,000 Qantas Points

    Earn 30,000 CommBank Awards points or 15,000 Qantas Points each month when you spend $1,500 or more per month for the first three months. Offer commenced 1 March 2024 and is only available to customers who are in a CommBank Yello tier when applying for the credit card. Terms and conditions apply.^

    Offer not available to:

    • Customers that are not in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) when they apply for a new Smart Awards credit card.
    • Any customers who switch from an existing CommBank credit card
    • Customers who currently hold an Awards card type as a primary cardholder
    • Customers who have held an Awards card type, as a primary cardholder, in the last 12 months

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Expired offers

Things you should know

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

    # Offers commenced 1 March 2024. The $240 maximum cashback offer ($60 cashback per month for 4 months) is only available to customers who are in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) when they apply for a new Low Fee credit card. The $200 maximum cashback offer ($50 cashback per month for 4 months) is available for non-CommBank Yello customers.  The offer you receive will be the offer you retain for the 4 month period, regardless of whether your eligibility for CommBank Yello changes.

    To be eligible for CommBank Yello you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

    Offers 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 or customers who switch from other card types.

    The monthly spend criteria is based on four successive 30 day periods and the monthly cashback amount will be awarded when you spend $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. 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 either ‘CASHBACK $60’ or ‘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 or vary this offer at any time.

    ~ Offers commenced 1 March 2024. The $400 maximum cashback offer ($100 cashback per month for 4 months) and 0% p.a. interest on purchases for the first 3 months is only available to customers who are in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) when they apply for a new Low Rate credit card. The $240 maximum cashback offer ($60 cashback per month for 4 months) and 0% p.a. interest on purchases for first 3 months is available for non-CommBank Yello customers. The offer you receive will be the offer you retain for the 4 month period, regardless of whether your eligibility for CommBank Yello changes.

    To be eligible for CommBank Yello you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

    Offers 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 or customers who switch from other card types.

    0% p.a. interest rate on purchases for 3 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 four successive 30 day periods and the monthly cashback amount will be awarded when you spend $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. 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 either ‘CASHBACK $100’ or ‘CASHBACK $60’. 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 or vary this offer at any time.

    ^ Offers commenced 1 March 2024. The 90,000 CommBank Awards points (30,000 points per month for 3 months) or 45,000 Qantas Points (15,000 points per month for 3 months) maximum points offer is only available to customers who are in a CommBank Yello tier (Everyday, Everyday Plus or Homeowner) when they apply for a new Smart Awards credit card. The 75,000 CommBank Awards points (25,000 points per month for 3 months) or 30,000 Qantas Points (10,000 points per month for 3 months) maximum points offer is available for non-CommBank Yello customers. The offer you receive will be the offer you retain for the 3 month period, regardless of whether your eligibility for CommBank Yello changes.

    To be eligible for CommBank Yello you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

    Offers not available to customers who currently hold, or have held, any activated Awards card types in the 12 months prior as a primary cardholder or customers who switch from other card types. You will be ineligible for the bonus CommBank Awards or Qantas 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 three successive 30 day periods and the monthly CommBank Awards points or the monthly Qantas Points will be awarded when you spend $1,500 or more, minus any cash advances or refunds, in a month for the first three months. 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. 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 the monthly 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 the monthly 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 or vary this offer at any time.

    1 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).

    2 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.

    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.

    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.

    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).

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

    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, 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 on top of 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.

    6 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, to 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.

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

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