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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

Summary

platinum awards credit card

Summary

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 $200 cashback.

Apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.*

Limited time offer:

Get $200 cashback.

Apply by 28 October 2020 and spend $1,000 on eligible purchases using your new card by 31 January 2021.*

Limited time offer:

0% p.a. on purchases for 15 months. Apply by 28 October 2020.^

Limited time offer:

Get 80,000 Bonus Awards Points

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

Limited time offer:

Get 100,000 Bonus Awards Points

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

Limited time offer:

Get 100,000 Bonus Awards Points

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

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

International transaction fees

International transaction fees

Yes

International transaction fees

Yes

International transaction fees

Yes

International transaction fees

Yes

International transaction fees

No11

International transaction fees

Yes

International transaction fees

Yes

International transaction fees

Yes

International transaction fees

No11

Awards6

Awards6

Awards6

Awards6

Awards6

Awards6

Awards6

Awards6

Awards6

Awards6

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 Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard Travel Rewards13

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

Mastercard® Airport Experiences provided by LoungeKey14

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 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.

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. 

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 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

13 Mastercard Travel 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 mtr.mastercardservices.com for a list of participating merchants and to find out more.

14 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 available on new Platinum Awards credit cards (including Business Platinum), Diamond Awards credit cards and Ultimate Awards credit cards applied for between 15/07/2020 and 29/04/2021 (previous end date 28/10/2020). 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 Commonwealth (CommBank) Awards Program Terms and Conditions, available here. To be eligible for the 80,000 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. To be eligible for the 100,000 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. Bonus Points will appear on your statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. Offer only available on one credit card per customer. We reserve the right to close the offer prior to 29/04/2021.

* Offer available on new Low Rate, Low Rate Gold and Low Rate Business (personal liability) credit cards applied for between 1/7/2020 and 28/10/2020. Offer not available on all other card types including the CommBank Essentials credit card, existing cards, switches from other card types, and new Low Rate credit cards if you currently hold, or have held, any Low Rate card type in the 12 months prior. 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. To be eligible for the $200 cashback, you need to spend at least $1,000 on eligible purchases (not including balance transfers and cash advances) using your new card by 31/1/2021. 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. We reserve the right to close the offer prior to 28/10/2020.

Offer available on new Low Fee Gold credit cards applied for between 8/7/2020 and 28/10/2020. Offer not available on all other card types, existing cards, and switches from other card types, and will be forfeited if you switch to a different credit card type during the 15 month period. The 0% p.a. interest rate on purchases (but not balance transfers and cash advances) is valid for 15 months from the date of card approval. At the end of the 15 month period, the interest rate will convert to the standard variable purchase interest rate at that time. We reserve the right to close the offer prior to 28/10/2020.

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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