Credit card offers

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

^~ This offer has been extended. Offer available on new Low Rate credit cards applied for between 01/03/2022 and 31/10/2022 (previous end date 30/06/2022). Offer not available on all other card types, including Low Rate Gold, CommBank Essentials and CommBank Neo credit card, existing cards, and switches from other card types. Offer not available if you currently hold, or have held, any Low Rate card type in the 12 months prior.

This offer consists of: (i) a 0% p.a. interest rate on purchases (but not balance transfers and cash advances) for 18 months from the date of card approval, and (ii) $100 cashback once you spend $1,000 on purchases (but not balance transfers and cash advances) using your new card within 90 days of activation.

At the end of the 18 month period, the interest rate will convert to the standard variable purchase interest rate at that time. The 0% p.a. interest rate offer will be forfeited if you switch to a different credit card type during the 18 month period.

Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $100’. 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 the offer prior to 31/10/2022.

^# This offer has been extended. Offer available on new Low Fee credit cards applied for between 01/03/2022 and 31/10/2022 (previous end date 30/06/2022). Offer not available on all other card types (including Low Fee Gold), existing cards, switches from other card types, and new Low Fee credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior.

To be eligible for the $200 cashback on a new Low Fee card, you need to spend at least $1,000 on purchases (not including balance transfers and cash advances) using your new card within 90 days of activation. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $200’.

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 the offer prior to 31/10/2022.

^* This offer has been extended. Offer available on new Low Fee Gold credit cards applied for between 01/03/2022 and 31/10/2022 (previous end date 30/06/2022). Offer not available on all other card types (including Low Fee), existing cards, switches from other card types, and new Low Fee credit cards if you currently hold, or have held, any Low Fee card type in the 12 months prior.

To be eligible for the $300 cashback on a new Low Fee Gold card, you need to spend at least $1,500 on purchases (not including balance transfers and cash advances) using your new card within 90 days of activation. Cashback will be credited within 90 days of you meeting the spend criteria and will appear on your statement as ‘CASHBACK $300’.

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 the offer prior to 31/10/2022.

^ This offer has been extended. Offer available on new Ultimate Awards, Diamond Awards, Platinum Awards and Business Platinum Awards credit cards applied for between 01/03/2022 and 31/10/2022 (previous end date 30/06/2022).

Offer not available on all other card types, existing cards, and 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. You will be ineligible for the bonus Qantas Points or CommBank Awards points if your credit card account is closed, transferred, or in default at any time prior to the points being credited to your account.

To be eligible for the 100,000 CommBank Awards points on a new Ultimate Awards or Diamond Awards card, you need to spend at least $5,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation.

To be eligible for the 70,000 bonus Qantas Points on a new Ultimate Awards or Diamond Awards card, 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. You need to spend at least $5,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation.

Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. If you opt-in to Qantas Points in your credit card application, or after applying but before you meet the offer eligibility criteria, you will receive 70,000 bonus Qantas Points in place of CommBank Awards points. Qantas Points will be transferred to your Qantas Frequent Flyer account. 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 100,000 Bonus CommBank Awards Points.

To be eligible for the 80,000 CommBank Awards points on a new Platinum Awards or Business Platinum Awards card, you need to spend at least $4,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation.

To be eligible for the 50,000 bonus Qantas Points on a new Platinum Awards or Business Platinum Awards card, 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. You need to spend at least $4,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation.

Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. If you opt-in to Qantas Points in your credit card application, or after applying but before you meet the offer eligibility criteria, you will receive 50,000 bonus Qantas Points in place of CommBank Awards points. Qantas Points will be transferred to your Qantas Frequent Flyer account. 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 80,000 Bonus CommBank Awards Points.

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 the offer prior to 31/10/2022.

¹ The annual fee is waived in the first year and every subsequent year if you spend at least $1,000 (Low Fee) or $10,000 (Low Fee Gold) in the previous year. Spend includes all purchases and cash advances fully processed in that year (excludes pending transaction) minus any refunds.

² Travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period. You will need to activate your travel insurance for each trip in order to have a comprehensive level of cover. To activate your cover, register on NetBank, the CommBank app or call Cover-More on 1300 467 951 before you travel. If you don’t activate you’ll receive Base medical which includes personal liability cover and unlimited overseas emergency medical assistance and hospital expenses only. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance issued and administered 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) for Commonwealth Bank of Australia. If you purchase an Upgrade Policy, we receive a commission which is a percentage of your premium - ask us for more details before we provide you with any services on this product (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information can be found here. 

³ 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). 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. 

⁴ No monthly fee if you (i) spend at least $2,500 on your Ultimate Awards credit card in your statement period and (ii) choose to receive online statements.

Otherwise the monthly fee is $35.

Spend includes all purchases and cash advances made using your Ultimate Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions). You can opt in to receive online statements through NetBank or the CommBank app, which will require a valid email address.

⁵ For international cash advances, the cash advance fee will apply.

⁶ 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.

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.