At a glance

  • What you'll get

    • Earn 1 Awards point per $1 spent on eligible purchases, up to and including $2,000 in a statement period1
    • Earn unlimited points per year1
    • Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers2 in the CommBank app
    • Monthly fee: $8 per month
    • 20.99% p.a. interest rate on purchases
    • Up to 44 days interest-free on purchases
    • Pay no additional cardholder fee
    • Minimum credit limit of $500
    • offers and experiences
    • Complimentary access to book flights and hotels for eligible customers via Travel Booking (Provided by Hopper)7Search for Travel Booking accessible via the CommBank app (search Travel Booking in the search bar) or click here
    • Complimentary Purchase Security and Extended Warranty insurance provided by Cover-More^


  • Trade-offs

    • Higher monthly fee compared to our Low Fee and Low Rate credit cards
    • 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​
    • Lower points earning potential than our Smart Awards and Ultimate Awards card
    • After spending $2,000 in a given statement period, the Awards point earn rate is 0.5 Awards points per $1 spent for the remainder of your statement period1
    • You will not be able to opt-in to earn Qantas Points
    • International travel insurance isn’t included
    • International transaction fees apply

Choice of program

CommBank Awards program

CommBank offers the largest rewards program of any bank in Australia based on number of cardholders.3

  • Earn Bonus Points when you make purchases with your credit card at one of our bonus partners
  • Earn unlimited Awards points per year1 
  • No expiry on points earned
  • Redeem Award points at Travel Booking (provided by Hopper)7 accessible via the CommBank app (search Travel Booking in the search bar) or click here.
  • Redeem exclusively at Myer4 and Flight Centre5, or choose from a range of items on the Awards site – including Gift Cards, electronics, appliances, cash back and much more
  • Earn 1 Awards point1 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
  • Use NetBank or the CommBank app to check or redeem points

Discover more

CommBank Yello Cashback Offers

CommBank is rewarding you when you shop, which is why we’ve partnered with big brands to give you cashback when you activate and redeem your CommBank Yello Cashback Offers.

Personalised offers

We'll send you shopping offers based on where you've shopped before, and similar places we think you'll like.

Available to eligible2 Mastercard® cardholders in the CommBank app.

Mobile screen: CommBank Yello Cashback Offers in the CommBank app

Rates & fees

Other fees may apply so check our standard fees and charges and read the key facts about our credit cards.

Rates & fees
Additional cardholder fee
Pay no additional cardholder fee to share the convenience of your card with someone else. 
Monthly fee
$8 per month
Cash advance interest rate
21.99% p.a.
Cash advance fee
$4.00 or 3.00% of the transaction amount – whichever is greater6
This is charged for cash advances from CommBank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers.8
Interest free period on purchases
Up to 44 days
International transaction fee
This is charged when you make a transaction in a foreign currency or make a transaction in Australian dollars using your Mastercard:
  • While overseas; or
  • In Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas
For cash advances, the cash advance fee will apply.
Late payment fee
The amount charged when you don’t make your minimum monthly payment, plus any overdue amount, by your statement due date.
Minimum credit limit
Purchase interest rate
20.99% p.a.

Switch your existing CommBank Mastercard credit card

Bonus Awards Points or Qantas Points offers are only available to new Awards customers. By switching to Awards you are not eligible.

Switch to Awards

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Things you should know

  • 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 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.

    2 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 Yello’). Your participation in CommBank Yello Cashback Offers is governed by the full Terms and Conditions available in the CommBank app.

    3 Source: DBM Consultants, customers 18+ with a rewards/loyalty card in the 12 months to March 2023.

    4 Pay with CommBank Awards points available online at or at any Myer retail store in Australia when presenting a valid CommBank Awards credit card. Ask a Myer team member in-store to check the redeemable value of your points. Some exclusions apply, including using points to pay Myer card accounts, lay-by, purchases at some food and service outlets; and Miele appliances. More information is available at Points cannot be redeemed for cash. A minimum redemption value of $1 applies per transaction. A maximum of 1 million points redemption per day applies. Refer to the CommBank Awards website, accessible through NetBank, for full terms and conditions. Redemption of Awards points using your credit card via Apple Pay is unavailable in-store at Myer stores Australia-wide. Customers must use their Awards credit card to pay with points at Myer.

    5 All travel products and offers from Flight Centre Travel Group are subject to availability and can only be booked by the general public. The redemption of Awards points for travel at Flight Centre Travel Group is subject to terms and conditions of the CommBank Awards program available at as well as booking agency online and retail booking terms and conditions. Flight Centre Travel Group (ABN 25 003 377 188) trading as Flight Centre and Travel Associates. ATAS Accreditation No. A10412. Redemption of Awards points using your credit card via Apple Pay is unavailable in-store at Flight Centre stores Australia-wide and for Flight Centre online via the Awards website. Customers must present their Awards credit card to pay with points at Flight Centre.

    6 A maximum charge of $300 (or a flat fee of $4.00 applies if your closing balance on previous business day was in credit).

    Refer to the CommBank Awards website, accessible through NetBank, for full terms and conditions. 

    The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. 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. Please view our Credit Card Conditions of Use

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

    7 Redemption of awards points to pay for flight or hotel bookings is available via the Travel Booking Website. Travel Booking is provided by Hopper Inc (Hopper). Hopper is not part of the CBA Group. CBA is not responsible for the content on this portal, nor the provision of any of the services that are offered through this portal. The services offered are subject to the Travel Booking terms and conditions found at CBA does not guarantee the obligations or performance of Hopper or the services it offers. Travel Booking is only accessible to active CommBank retail or business credit and debit card, StepPay card or Travel Money Card customers over the age of 18. Customers must pay all or part of their travel booking using their eligible CommBank credit or debit card, StepPay, Travel Money card, CommBank Awards points or Travel Credits. Eligible cards comprise of active CommBank retail or business credit and debit cards, StepPay or Travel Money cards

    CommBank will receive a portion of the revenue generated from the Travel Booking platform

    For full terms and conditions on the features provided by Hopper, visit

    The redemption of Awards points for travel is subject to the CommBank Awards program terms and conditions as well as Travel Booking terms and conditions found here.

    ^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.

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