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Summary

Summary

lowest rate credit card

Summary

low rate credit card

Summary

low rate gold credit card

Summary

low fee credit card

Summary

low fee gold credit card

Summary

awards credit card

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platinum awards credit card

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diamond awards credit card

Summary

CommBank Ultimate Awards credit card

Everyday convenience at our lowest rate on purchases.

Interest rate on purchases: 9.90% p.a.

Monthly fee: $2 when you choose online statements and set up automatic payments from a CommBank transaction account using AutoPay. Otherwise monthly fee is $51

9.90
9.90
9.90
9.90

Looking for lower interest on purchases? Our Low Rate credit card makes it easier to pay off purchases over time.

Interest rate on purchases: 13.24% p.a.

Annual fee: $59

All the benefits of our Low Rate credit card, including a low interest rate on purchases, topped off with international travel insurance.2

Interest rate on purchases: 13.24% p.a.

Annual fee: $89

Don't want to pay an annual fee? Our Low Fee credit card has no annual fee for the first year, with any following annual fees waived for eligible customers.3

Interest rate on purchases: 19.74% p.a.

Annual fee: $29 or $0 for eligible customers3

All the benefits of the CommBank Low Fee credit card with added benefits of no international transaction fees on purchases and international travel insurance.2

Interest rate on purchases: 19.74% p.a.

Annual fee: $89 or $0 for eligible customers4

Get rewarded for your everyday expenses and access the largest rewards program of any bank in Australia.5

Interest rate on purchases: 20.24% p.a.

Annual fee: $59

Earn 1 Award point6 for every dollar you spend, with added perks like international travel insurance.2

Interest rate on purchases: 20.24% p.a.

Annual fee: $249

Earn up to 1 million Awards points a year and access exclusive features like international travel insurance.2

Interest rate on purchases: 20.24% p.a.

Annual fee: $349

 

Our most rewarding credit card with uncapped points earning potential, exclusive travel benefits and no monthly fee for eligible customers.7

Interest rate on purchases: 20.24% p.a.

Monthly fee: $35 or $07

Limited time offer:

Get up to $300 cashback.

Enjoy 5% cashback on eligible purchases, up to $100 per month, for the first three months with a new Low Rate credit card. Apply by 30 April 2020.*

Tell me more

Limited time offer:

0% p.a. on purchases for 15 months. Apply by 30 June 2020.^

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Limited time offer:

0% p.a. on purchases for 15 months. Apply by 30 June 2020.^

Tell me more

Limited time offer:

Get 30,000 Bonus Awards Points

On a new Awards card. Ltd time, min spend, cond apply.#

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Limited time offer:

Get 100,000 Bonus Awards Points

On a new Platinum card. Ltd time, min spend, cond apply.#

Tell me more

Limited time offer:

Get 100,000 Bonus Awards Points

On 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.+

Insurance2

Insurance2

Insurance2

Insurance2

Insurance2

Insurance2

Insurance2

Insurance2

Insurance2

Insurance2

International travel insurance

International travel insurance

International travel insurance

International travel insurance

International travel insurance

International travel insurance

International travel insurance

International travel insurance

International travel insurance

International travel insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Purchase security insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Extended warranty insurance

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Interstate Flight Inconvenience

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Transit Accident Insurance

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Price Guarantee

Rates9

Rates9

Rates9

Rates9

Rates9

Rates9

Rates9

Rates9

Rates9

Rates9

Purchase interest rate

Purchase interest rate

9.90% p.a.

Purchase interest rate

13.24% p.a.

Purchase interest rate

13.24% p.a.

Purchase interest rate

19.74% p.a.

Purchase interest rate

19.74% p.a.

Purchase interest rate

20.24% p.a.

Purchase interest rate

20.24% p.a.

Purchase interest rate

20.24% p.a.

Purchase interest rate

20.24% p.a.

Interest free period on purchases

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Interest free period on purchases

up to 55 days

Balance transfer rate for the first 5 months

Balance transfer rate for the first 5 months

Balance transfers not available

Balance transfer rate for the first 5 months

5.99% p.a.

Balance transfer rate for the first 5 months

5.99% p.a

Balance transfer rate for the first 5 months

5.99% p.a.

Balance transfer rate for the first 5 months

5.99% p.a.

Balance transfer rate for the first 5 months

5.99% p.a.

Balance transfer rate for the first 5 months

5.99% p.a.

Balance transfer rate for the first 5 months

5.99% p.a.

Balance transfer rate for the first 5 months

5.99% p.a. 

Cash advance rate

Cash advance rate

9.90% p.a. Cash advances are blocked. Exceptions may apply10

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Cash advance rate

21.24% p.a.

Minimum credit limit

Minimum credit limit

$400

Minimum credit limit

$500

Minimum credit limit

$4,000

Minimum credit limit

$500

Minimum credit limit

$4,000

Minimum credit limit

$500

Minimum credit limit

$6,000

Minimum credit limit

$15,000

Minimum credit limit

$6,000

Maximum credit limit

Maximum credit limit

$3000

Maximum credit limit

Maximum credit limit

Maximum credit limit

Maximum credit limit

Maximum credit limit

Maximum credit limit

Maximum credit limit

Maximum credit limit

Fees9

Fees9

Fees9

Fees9

Fees9

Fees9

Fees9

Fees9

Fees9

Fees9

Annual or monthly fee

Annual or monthly fee

Up to $60

$2 monthly fee when you choose online statements on your CommBank Essentials account and set up automatic payments (AutoPay) from a CommBank transaction account. Otherwise monthly fee is $51

Annual or monthly fee

$59 per year

Annual or monthly fee

$89 per year

Annual or monthly fee

$29 or $0 per year3

Annual or monthly fee

$89 or $0 per year4

Annual or monthly fee

$59 per year

Annual or monthly fee

$249 per year

Annual or monthly fee

$349 per year

Annual or monthly fee

$35 or $0 per month7

Minimum monthly payment

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit, 
  • 2% of the closing balance rounded down to the nearest dollar, or
  •  $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit, 
  • 2% of the closing balance rounded down to the nearest dollar, or
  •  $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Minimum monthly payment

If you owe less than $25, your minimum payment is the amount you owe. Otherwise, your minimum payment is the greater of:

  • any amount you owe that exceeds your credit limit,
  • 2% of the closing balance rounded down to the nearest dollar, or
  • $25.

Late payment fee

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Late payment fee

$20

Additional cardholder fee

Additional cardholder fee

Free

Additional cardholder fee

Free

Additional cardholder fee

Free

Additional cardholder fee

Free

Additional cardholder fee

Free

Additional cardholder fee

$10 p.a.

Additional cardholder fee

$10 p.a.

Additional cardholder fee

$10 p.a.

Additional cardholder fee

Free

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

No international transaction fees11

Awards12

Awards12

Awards12

Awards12

Awards12

Awards12

Awards12

Awards12

Awards12

Awards12

Awards points

Awards points

Awards points

Awards points

Awards points

Awards points

Awards points

1 per dollar spent.6

Awards points

1 per dollar spent.6

Awards points

1.25 per dollar spent.6

Awards points

Up to 3 per dollar spent6

Points capping

Points capping

Points capping

Points capping

Points capping

Points capping

Points capping

Up to 50,000 p.a.

Points capping

Up to 150,000 p.a.

Points capping

Up to 1,000,000 p.a.

Points capping

Unlimited points

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Wide range of rewards

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Redeem points instantly at Myer and Flight Centre

Security

Security

Security

Security

Security

Security

Security

Security

Security

Security

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

Lock, block, limit®

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

100% money back guarantee

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Secure internet shopping

Emergency support

Emergency support

Emergency support

Emergency support

Emergency support

Emergency support

Emergency support

Emergency support

Emergency support

Emergency support

Additional Features

Additional Features

Additional Features

Additional Features

Additional Features

Additional Features

Additional Features

Additional Features

Additional Features

Additional Features

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Contactless payments

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Worldwide acceptance

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard Traveler Rewards14

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

Mastercard® Airport Experiences provided by LoungeKey15

or

Already a customer banking online with us?

Save time using your
Netbank details

 

Apply in Netbank

New customer or don't bank online with us?

Apply now

or

Things you should know

CommBank Credit Card Conditions of Use

Commonwealth Awards Program Terms and Conditions

Standard fees and charges for credit card services

1 The annual fee is charged at $5 per month or $2 per month if you:

• Set up automated monthly repayments through our credit card AutoPay from a CommBank transaction account and

• Opt in to receive online statements on your CommBank Essentials account through NetBank (and to enable this, you maintain your NetBank facility and provide us with a valid email address)

2 For a set period per trip when you activate your cover. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over) limits and excesses may apply. Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full details.

3 No annual fee in the first year. We'll waive the annual fee in subsequent years if you spend $1,000 or more a year on purchases or cash advances in the previous year.

4 No annual fee in the first year. We’ll waive the annual fee in subsequent years if you spend $10,000 or more a year on purchases or cash advances in the previous year.

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

6 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. Refer to the CommBank Awards Program Terms and Conditions.

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.

7 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.

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.

8 Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full details.

9 Interest rates and fees apply and are subject to change. Please see Standard fees and charges for credit card services for more details. Applications for finance are subject to the Bank's normal credit approval. Full conditions of use will be included in our Letter of Offer.

10 We’re unable to block cash advance transactions that aren’t sent to us for authorisation. These will attract interest from the date the transaction is made until it’s repaid. 

11 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.

12 The earning and redemption of Commonwealth Awards points are subject to the Terms and Conditions of the Commonwealth Awards Program available at commbank.com.au. Points are earned on eligible transactions (most purchases, but not cash advances or balance transfers) and may be subject to points capping. Awards and the number of points required for awards are subject to change.

13 Pay with CommBank Awards points 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, 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. Refer to the CommBank Awards website, accessible through NetBank, for full terms and conditions. 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.

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

14 Mastercard Traveler Rewards are only available through participating merchants outside Australia. To receive the advertised cashback, pay with your Diamond or 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. An international transaction fee will apply for Diamond Awards cardholders only. Cashbacks may take up to 30 days to appear on your statement. Visit www.mastercard.com/travelerrewards for a list of participating merchants and to find out more.

15 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.

# This offer has been extended. Offer applies to new Retail and Business Standard Awards and Platinum Awards credit cards applied and submitted between 01/11/2019 and 30/06/2020 only (previous end date 29/02/2020). To be eligible for the bonus CommBank Awards points, you need to meet the minimum spend requirements 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.

* Promotion applies to all new Retail and Business Low Rate credit cards, applied and submitted between 01/11/2019 and 30/04/2020. The 5% cashback is based on eligible purchases made on your card in the first three months from activation up to the value of $100 per month (excludes balance transfers, cash advances and any purchase that is reversed or refunded). Each month is calculated as a 30 day period.

Offer excludes all existing cards, switches from other card types and is not available to customers who currently hold, or have held, any Low Rate card types in the 12 months prior. Offer only available on one credit card per customer, offer can be withdrawn at any time. Cashback will appear on your statement as ‘cashback’ each month within 90 days of you meeting the monthly eligibility criteria. You will be ineligible for the cashback if your account is closed, transferred, or in default at any time prior to the cashback being credited to your account.

^ This offer has been extended. Offer available on new Low Fee Gold and Low Rate Gold credit cards when you create an application between 01/11/2019 and 30/06/2020 only (previous end date 29/02/2019). Excludes all other card types. The 0% p.a. promotional interest rate on purchases is valid for 15 months from the date of card approval (excludes balance transfers and cash advances). At the end of the 15 month period, the interest rate will revert to the standard variable purchase interest rate for your card at that time. Offer excludes all existing cards, switches from other card types and will not be applied if you switch to a new product during the promotional period, offer can be withdrawn at any time.

+ 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.

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.

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