At a glance

What you'll get

  • Earn 1 Awards point for every $1 spent using your Mastercard®1
  • Earn up to 150,000 points1 a year
  • Included international travel insurance, simply activate before you travel2
  • 20.24% p.a. interest rate on purchases
  • $6,000 minimum credit limit
  • Lower annual fee than our Diamond Awards card 
  • Up to 1 year extended warranty on most purchases2
  • Purchase security insurance available for most lost, stolen or damaged purchases2
  • Priceless® Cities offers and experiences

Trade-offs

  • Higher annual fee than our Awards card
  • Lower points earning potential than our Diamond Awards card
  • International transaction fees apply
  • $10 p.a. additional cardholder fee
  • Higher purchase interest rates than our Low Rate and Low Fee credit cards

CommBank Awards program

The largest credit card rewards program of any bank in Australia3

  • Earn Bonus Points when you make purchases with your credit card at one of our bonus partners
  • No expiry on points earned
  • Redeem exclusively instore at Myer and Flight Centre or choose from over 1,000 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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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 now possible using your compatible phone or wearables.

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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.

Type
Rates & fees
Conditions
Additional cardholder fee
$10
   
Annual fee
$249
   
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 advance fee
$2.50 or 2.00% of the transaction amount – whichever is greater4
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.4  
Interest free period on purchases
Up to 55 days
   
International transaction fee
3.00%
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 also apply.
Late payment fee
$20
The amount charged if you don't pay the minimum amount, plus any overdue amount, by your statement due date.
Minimum credit limit
$6,000
   
Purchase interest rate
20.24% p.a.
   

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Things you should know

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 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 120,000 Qantas points per year. 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 earned after opting in will be automatically redeemed for Qantas Points and transferred monthly to their Qantas Frequent Flyer account at the applicable conversion rate. It is important to note that any CommBank Awards points earned prior to the date of your opt-in cannot be transferred to your Qantas Frequent Flyer account. 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 qantas.com/terms or by calling 13 11 31.

2 If you activate an international travel insurance policy included with an eligible credit card or where a claim event on other insurances occurs prior to 1 October 2018, the insurance is issued and managed by AWP Australia Pty Limited ABN 52 097 227 177 AFSL No. 245631 (trading as Allianz Global Assistance) on behalf of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No. 234708 for Commonwealth Bank of Australia. 

If you activate an international travel insurance policy included with an eligible credit card or where a claim event on other insurances occurs on or after 1 October 2018, the insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia. 

Cover is available for you, your spouse and your eligible dependent/accompanied children for return trips from Australia, up to a set period. You need to activate your international travel insurance included with eligible credit cards before each trip in order to have comprehensive level of cover. If you don’t activate, you’ll receive personal liability cover and overseas emergency medical assistance and overseas emergency medical and hospital expenses cover only. 

Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here.

3 Source: Roy Morgan Research, customers 18+ with a rewards/loyalty card in the 12 months to February 2017

4 A maximum charge of $150 (or a flat fee of $2.50 applies) if your closing balance on previous business day was in credit).

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.