At a glance

  • What you'll get

    • Choose to earn CommBank Awards or opt-in to earn Qantas Points1 for $30 per year2
    • Earn 1 Awards point or 0.4 Qantas Points for every dollar spent using your Mastercard®3
    • Earn up to 50,000 points3 or 20,000 Qantas Points a year
    • Cashback benefits for eligible cardholders through CommBank Rewards4 in the CommBank app
    • $59 annual fee
    • 20.24% p.a. interest rate on purchases
    • Up to 55 days interest free on purchases
    • Minimum credit limit of $500
    • Priceless® Cities offers and experiences
  • Trade-offs

    • International travel insurance isn’t included
    • Higher annual fee compared to our Low Fee credit 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​
    • International transaction fees apply
    • $10 p.a. additional cardholder fee
    • Lower points earning potential than our Diamond Awards card

Choice of program

CommBank Awards program

CommBank offers the largest rewards program of any bank in Australia.5

  • Earn Bonus Points when you make purchases with your credit card at one of our bonus partners
  • Earn up to 50,000 Awards points or 20,000 Qantas Points per year3
  • No expiry on points earned
  • Redeem exclusively at Myer6 and Flight Centre7, or choose from a range of items on the Awards site – including Gift Cards, electronics, appliances, cash back and much more
  • Earn up to 1 Awards point per dollar spent3
  • Use NetBank or the CommBank app to check or redeem points

Discover more

Qantas Points

Dreaming of your next holiday? Opt-in to earn Qantas Points for $30 per year2

  • Earn up to 20,000 Qantas Points per year3
  • Choose from thousands of rewards such as flights starting from 8,000 points (plus taxes, fees and carrier charges, subject to availability), flight upgrades, hotel stays, wine or shopping at the Qantas Rewards Store.
  • Earn 0.4 Qantas Points per dollar spent3
  • Easily check your Qantas Points balance through your Qantas Frequent Flyer account.
  • Your Qantas Points won’t expire when you earn or redeem Points at least once every 18 months

Not a Qantas Frequent Flyer yet? Join free and save $99.50

Find out more

CommBank Rewards

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 Rewards.

Personalised rewards

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

Available to eligible4 Mastercard® cardholders in the CommBank app.

Mobile screen: CommBank Rewards in the CommBank app

Control & security for your card

  • Lock, Block, Limit®

    Instantly lock, block or limit your credit card for extra control through the CommBank app or NetBank.

    Show me how

  • Stay in control of your spending

  • Security protection

    • 24-hour fraud protection that detects abnormal transaction spending habits
    • Free protection against fraud and other unauthorised transactions with Mastercard Zero Liability
    • 24/7 emergency overseas assistance if you lose your card with Mastercard Global Service

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Mobile payments & wearables

Secure, cashless payments are possible using your compatible phone or wearable. You can make fast and secure payments with Apple Pay

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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
Annual fee
Balance transfer rate
5.99% p.a.
Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across, cash advance rate thereafter. Conditions apply.
Cash advance interest rate
21.24% p.a.
Cash advances may be unavailable or subject to a limit restriction.  
Cash advance fee
$3.00 or 3.00% of the transaction amount – whichever is greater8
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 55 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
20.24% p.a.
Qantas Points opt-in fee
$30 per year
Applies to each credit card account earning Qantas Points, charged when you opt-in and each subsequent year on or around the anniversary of your opt-in date. 

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Things you should know

  • 1 You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. A joining fee may apply. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at

    2This 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 on top of your regular credit card fees. Fee applies to each account opted-in to Qantas Points.

    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. Gold Awards credit card holders can earn up to 75,000 Awards points per year, which is equal to 30,000 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. 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 cardholders can earn unlimited Awards points per year, which are then transferred to Qantas Points. 

    4 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.

    5 Source: DBM Consultants, customers 18+ with a rewards/loyalty card in the 12 months to January 2021.

    6 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.

    7 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.

    8 A maximum charge of $300 (or a flat fee of $3.00 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 and Priceless are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.

    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, Australian credit licence 234945.