Already have a CommBank Awards credit card?

At a glance

What you’ll get

  • Earn up to 3 Awards points for every dollar spent up to $10,000 in a statement period1
  • 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 online2
  • Earn unlimited Awards points each year
  • Included international travel insurance, simply activate before you travel3
  • Access to over 1,000 airport lounges worldwide, plus selected offers on airport dining, shopping and spas, thanks to Mastercard® Airport Experiences provided by LoungeKey4
  • No additional cardholder fee to share your card with someone else
  • 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 purchase interest rate compared to our Low Rate and Low Fee credit cards
  • After spending $10,000 in a given statement period, the Awards point earning rate is 0.5 Awards points per $1 spent for the remainder of your statement period1
  • Not eligible for Wealth Package benefits

100,000 Bonus Awards Points offer

100,000 Bonus Awards Points when you apply for a new CommBank Ultimate Awards credit card by 30 May 2020 and spend $5,000 on eligible purchases using your new card within 90 days from activation.^

ultimate awards credit card

Start earning points with Ultimate Awards

You can earn up to 3 points for every dollar spent with Ultimate Awards, so you can start building your CommBank Awards points balance and redeeming your points sooner. 1

Purchase type
Awards points per $1 spent
Spend in a statement period
For international transactions made in store and online1
3 Awards points
Up to and including $10,000
For purchases at major Australian supermarkets, department stores and petrol stations1
2 Awards points
Up to and including $10,000
For all other purchases1
1 Awards point
Up to and including $10,000
From May 2020, for any spend over $10,000 in a statement period (regardless of category) for the remainder of your statement period1
0.5 Awards point
After spending $10,000

CommBank Awards program

The largest credit card rewards program of any bank in Australia5

  • 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 Myer and Flight Centre, 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 period)1
  • Use NetBank or the CommBank app to check or redeem points

Discover more

awards program

No international transaction fees

Enjoy carefree travel and shopping and pay no international transaction fees for purchases you make overseas or online. 2

Mastercard® Airport Experiences

Ultimate Awards gives you exclusive access to Mastercard® Airport Experiences provided by LoungeKey, with access to over 1,000 lounges worldwide.4 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 Traveler Rewards

Get cashback offers when you travel overseas and pay with your Ultimate Awards Mastercard at one of these participating merchants.6

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

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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 possible using your compatible phone or wearable. And now you can make fast and secure payments with Apple Pay, Google Pay and Samsung Pay.

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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.7
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.7
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.

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

^ Offer applies to new Ultimate Awards credit card applications submitted between 28/01/2020 and 30/05/2020 only. To be eligible for the bonus CommBank Awards points, you need to meet the minimum spend of $5,000 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.

* 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.

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 may be subject to points capping. Awards and the number of points required for Awards are subject to change at any time without notice.

The Ultimate Awards credit card features:

3 points per $1 spent on international transactions. International transactions include purchases made overseas or in Australia (for example online) where the merchant or entity processing the transaction is located outside of Australia.

2 points per $1 spent at major Australian supermarkets, department stores and petrol stations. Please note that we are reliant on information about the merchant's business categorisation provided to us by either the merchant or their financial institution. The merchant must be classified as a major 'supermarket', 'department store' or 'service (petrol) station' for the purposes of Mastercard transactions, excluding any business or organisation paid using any intermediary platform, for example, PayPal.

1 point per $1 spent on all other purchases.

After spending $10,000 in a given statement period, any additional purchases (regardless of category) made within the same statement period are subject to earn 0.5 points per $1 spent. Please note, this is only applicable from May 2020.

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

3 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.

4 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.

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

6 Mastercard Traveler 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 mastercard.com/travelerrewards for a list of participating merchants and to find out more.

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

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