Already have a CommBank Awards credit card?

Bonus Awards Points offer doesn’t apply to existing Awards customers^

Switch to Ultimate Awards

At a glance

What you’ll get

  • Choose to earn CommBank Awards or opt-in to earn Qantas Points1 for $30 per year2.
  • Earn up to 3 Awards points or 1.2 Qantas Points for every $1 spent using your Mastercard on eligible purchases, up to $10,000 in a statement period3
  • Earn unlimited Awards points or Qantas Points each year
  • 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
  • Pay no international transaction fees for purchases you make overseas or online4
  • Included international travel insurance, simply activate before you travel5
  • Enjoy paid access to over 1,000 lounges worldwide with Mastercard® Airport Experiences provided by LoungeKey, paid for using your Ultimate Awards credit card.6
  • No additional cardholder fee to share your card with someone else7
  • Up to 55 days interest-free on purchases
  • Priceless® Cities offers and experiences
  • Embossed orientation dot on card to assist customers who are blind or have low vision differentiate it from others

Trade-offs

  • 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
  • After spending $10,000 in a given statement period, the Awards point earning rate is 0.5 Awards points or 0.2 Qantas Points per $1 spent for the remainder of your statement period3
  • Not eligible for Wealth Package benefits

Choice of program

CommBank Awards program

CommBank offers the largest rewards program of any bank in Australia.8

  • Earn Bonus Points when you make purchases with your credit card at one of our bonus partners
  • Earn unlimited points with Ultimate Awards
  • No expiry on points earned
  • Redeem exclusively in-store at Myer9 and Flight Centre10, or choose from a range of items on the Awards site – including Gift Cards, electronics, appliances, cash back and much more
  • Earn up to 3 Awards points per dollar spent with Ultimate Awards for spend up to and including $10,000 in a statement period (0.5 points once you've spent $10,000 in a given statement period3
  • 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 unlimited Qantas Points with Ultimate Awards3
  • 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 up to 1.2 Qantas Points per dollar spent with Ultimate Awards for spend up to and including $10,000 in a statement period3
  • 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

Start earning points with Ultimate Awards

You can earn up to 3 Awards points or 1.2 Qantas Points for every $1 spent with Ultimate Awards3, so you can start building your CommBank Awards points balance and redeeming your points sooner.

Purchase type
Points per $1 spent
Spend in a statement period
For international transactions made in store and online3
3 Awards points or 1.2 Qantas Points
Up to and including $10,000
For purchases at major Australian supermarkets, department stores and petrol stations3
2 Awards points or 0.8 Qantas Points
Up to and including $10,000
For all other purchases3
1 Awards point or 0.4 Qantas Points
Up to and including $10,000
For any spend over $10,000 in a statement period (regardless of category) for the remainder of your statement period3
0.5 Awards point or 0.2 Qantas Points
After spending $10,000

No international transaction fees

Enjoy carefree travel and shopping and pay no international transaction fees for purchases you make overseas or online. 4

Mastercard® Airport Experiences

Ultimate Awards gives you exclusive access to Mastercard® Airport Experiences provided by LoungeKey, with access to over 1,000 lounges worldwide.6 On top of this, you can enjoy selected offers on airport dining, shopping and spas to make your travel experience even more memorable.

Find out more

Mastercard Travel Rewards

Get cashback offers when you travel overseas and pay with your Ultimate Awards Mastercard at one of these participating merchants.11

Here’s how;

1. Shop at an overseas merchant that has an offer. See participating merchants and offers here

2. Pay in the currency of the offer and meet the offer’s terms and conditions

3. Get a cashback as a credit on your account

Tell me more

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, Google Pay and Samsung 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
Free
Pay no additional cardholder fee to share the convenience of your card with someone else.
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 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 greater.12
A maximum charge of $300 or a flat fee of $3.00 applies if your closing balance on previous business day was in credit. 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.12
Interest Free Period
Up to 55 days
International Transaction Fee
0%
Pay no international transaction fees on purchases or cash advances you make overseas or in Australia (for example online) where the merchant or financial institution or entity processing the transaction is located overseas.

For international cash advances, the cash advance fee will apply.
Late Payment Fee
$20
Applies if the minimum payment due, plus any overdue amount, is not received by the statement due date.
Minimum Credit Limit
$6,000
Monthly Fee
$35 - $0
Pay no monthly fee if you spend at least $2,500 in your statement period and choose to receive online statements*.
Purchase Rate
20.24% p.a.
Qantas Points opt-in fee
$30 per year
Applies to each credit card account earning Qantas Points, charged once per year 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

^ Offer available on new Platinum Awards credit cards (including Business Platinum), Diamond Awards credit cards and Ultimate Awards credit cards applied for between 30/04/2021 and 30/09/2021. 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 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 CommBank Awards Program Terms and Conditions, available here.

To be eligible for the initial 60,000 Bonus 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. You will receive an additional 20,000 Bonus CommBank Awards points when your card remains open 12 months after being activated, provided you met the initial spend criteria. 

To be eligible for the initial 90,000 Bonus CommBank Awards points on a new Diamond Awards or Ultimate 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. You will receive an additional 30,000 Bonus CommBank Awards points when your card remains open 12 months after being activated, provided you met the initial spend criteria. 

If you choose to opt-in to Qantas Points in your credit card application, all CommBank Awards points including bonus points will be converted to Qantas Points at a rate of 2.5 CommBank Awards points to 1 Qantas point. Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria and, if you opt-in to Qantas Points, will be automatically transferred to your Qantas Frequent Flyer account. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program. If you opt-out of Qantas Points prior to the points being awarded, bonus points will not be transferred to your Frequent Flyer account

Offer only available on one credit card per customer. We reserve the right to close the offer prior to 30/09/2021.

1 You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. If you are not a Qantas Frequent Flyer member, join for free here. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms.

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

3 How you earn or redeem CommBank Awards points will be subject to the 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. If you opt-in to earn Qantas Points, your CommBank Awards points earnt each month are automatically transferred to your Qantas Frequent Flyer account at the end of each statement period, at the 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.

How Ultimate Awards points work:
You can earn up to 3 Awards points or 1.2 Qantas Points for eligible purchases you make on the Ultimate Awards card. You get 3 Awards points or 1.2 Qantas 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 or 0.8 Qantas 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 or 0.4 Qantas Points 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 or 0.2 Qantas Points for every dollar you spend on any other purchases within that period

* 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

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

5 International 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. Terms, conditions, 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 products listed are 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 (CBA). CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase an upgrade policy, we (CBA) receive a commission which is a percentage of your premium. More information can be found here.

6 To gain access to participating airport lounges, you must present your Ultimate Awards card or your digital lounge access code on the Mastercard Airport Experiences app, along with your boarding pass and identify yourself as a LoungeKey member for validation. Each time you visit a lounge, you will be charged a lounge visit fee to your Ultimate Awards card. You will also be charged a lounge visit fee for each additional guest you bring with you. Please note, your lounge access may be blocked if your primary account is closed, in arrears, reported lost or stolen, or has been blocked by us for any reason. To redeem an offer visit the Mastercard Airport Experiences app or airport.mastercard.com to select your preferred offer and generate an offer code. Present the valid offer code to the cashier and redeem the offer. Please note, offers vary by location For information on accessing lounges, offer locations, a full list of Terms and Conditions and Frequently Asked Questions, visit airport.mastercard.com or call +61 2 7202 3584, 24/7

7 Additional cardholders cannot opt-in for Qantas Points. Your Qantas Frequent Flyer membership must be in the name of the primary cardholder.

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

9 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 myer.com.au. 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. 

10 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.

11 Mastercard Travel Rewards are only available through participating merchants outside Australia. To receive the advertised cashback, pay with your Ultimate Awards Mastercard at a participating overseas merchant and meet the offer’s terms and conditions. You must pay in the overseas currency of the offer – transactions made in Australian dollars are not eligible. Cashbacks may take up to 30 days to appear on your statement. Visit mtr.mastercardservices.com for a list of participating merchants and to find out more.

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

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.