Close Search

Credit cards / Awards credit card

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

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

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

Discover more

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.

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™

Show me more

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.

Discover more

Cyclist

Rates & fees

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

Type
Rates & fees
Conditions
Additional cardholder fee
$10p.a.
   
Annual fee
$59
   
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
3.00%
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
$20
The amount charged when you don’t make your minimum monthly payment, plus any overdue amount, by your statement due date.  
Minimum credit limit
$500
   
Purchase interest rate
20.24% p.a.
   

Support

Getting started

Managing your card

Show me more

Managing your payments

 

Looking for something else?

See all credit cards

Compare

Help me choose

We can help

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. 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. 

1 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 are opted in to Qantas Frequent Flyer Direct, you can earn CommBank Awards points which are then automatically transferred to Qantas Points as follows. 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. 

b) How Awards points are transferred to Qantas Points:

Visit the Awards website Redeem Travel page or call 13 1661 to opt in to Qantas Frequent Flyer Direct for an annual fee of $30. Once you have opted into Qantas Frequent Flyer Direct, any CommBank Awards points will be transferred to Qantas Points and added to your Qantas Frequent Flyer account at the applicable conversion rate. You need to be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. You may need to pay a joining fee. Membership and the earning and redemption of points are subject to the Qantas Frequent Flyer program terms and conditions. Call 13 11 31 with any further questions.

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 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 Ultimate Awards points work: 

You can earn up to 3 Awards points for eligible purchases you make on the Ultimate Awards card. 

You get 3 Awards points for every $1 spent on international transactions. International transactions include any purchase you make overseas or when shopping online from Australia if the merchant or entity who processes the payment is based overseas. 

You get 2 Awards points for every $1 spent at major Australian supermarkets, department stores and petrol stations. 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.

You get 1 Awards point for every $1 spent on all other purchases. 

Once you have spent $10,000 in any given statement period, you will earn 0.5 Awards points for every dollar you spend on any other purchases within that period.

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 commbank.com.au 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.