At a glance

What you'll get

  • Earn 1 Awards point for every dollar spent using your Mastercard®1
  • Earn up to 50,000 points1 a year
  • $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


  • 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
  • International transaction fees apply
  • $10 p.a. additional cardholder fee
  • Lower points earning potential than our Diamond Awards card

30,000 Bonus Awards Points 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.*

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Bonus Awards Points offer

CommBank Awards program

The largest credit card rewards program of any bank in Australia2

  • Earn Bonus Points when you make purchases with your credit card at one of our bonus partners
  • No expiry on points earned
  • Redeem exclusively in-store 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
  • Use NetBank or the CommBank app to check or redeem points

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Awards program

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.

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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. And shop now, pay later with Klarna.

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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 greater3
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.3  
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.

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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.

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

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

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 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 earn up to 1,000,000 Awards points per year which can be transferred/ converted to 400,000 Qantas Points (Diamond Awards). 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 or by calling 13 11 31.

2 Source: DBM Consultants, customers 18+ with a rewards/loyalty card in the 12 months to June 2019.

3 A maximum charge of $300 (or a flat fee of $3.00 applies if your closing balance on previous business day was in credit). 

4 Pay with points is available in-store at Myer only. 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, purchase of Coles Group & Myer Gift Cards or Myer Gift Cards, lay-by, purchases at some food and service outlets; and Miele appliances. More information is available at Points cannot be redeemed for cash. A maximum of 1 million points redemption per day applies. 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. Refer to the CommBank Awards website, accessible through NetBank, for full terms and conditions. 

5 All travel products and offers from Flight Centre Limited are subject to availability and can only be booked by the general public. The redemption of Awards points for travel at Flight Centre Limited 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 Limited (ABN 25 003 377 188) trading as Flight Centre, The Universal Traveller 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.