Commonwealth Bank credit cards

Commonwealth Bank
Commonwealth Bank's overall rating for credit cards

(as rated by the Mozo community)

7.3 / 10

based on 2848 reviews

Looking for a credit card so you can spend in the most convenient way? Whether you’re buying online or popping into Myer, why not go with a credit card from one of Australia’s oldest and most trusted banks. Operating in Australia since 1912, CommBank is committed to providing Aussies with great customer service and competitive banking products. Read on for a rundown of all the key facts about Commonwealth Bank credit cards.

Rates and fees verified as correct at 07 December, 2016. Other information correct at the time of writing.

What credit cards do Commonwealth Bank offer?

Low rate credit cards Low rate credit cards

To qualify as ‘low rate’ these CommBank credit cards have a purchase rate lower than 15%. A low rate card is great for limiting the amount of interest you pay on your credit card balance, so it's great for spenders who may not pay off their balance in full each month. If you’re upgrading to a Gold card for the extra freebies, the annual fee will go up a bit, but the low interest rate won’t. When using this card, remember that the cash advance rate is generally a lot higher, even on low rate cards!

Product Purchase rate Balance transfer rate Annual fees Interest free days

13.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$59 $0 in the first 1 year

55

13.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$89 $0 in the first 1 year

55


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Low fee credit cards Low fee credit cards

This refers to CommBank cards with an annual fee lower than $50. If you pay your balance off in full each month and so don’t really need to worry about interest, a low fee card might be for you. You’ll pay a minimal fee for the Basic option and a slightly higher one for the Gold, which comes with extra features like complimentary insurance. These cards have low fees to begin with, and then it gets better - CommBank will waive the annual fee completely if you spend over $1,000 in the year ($10,000 for Gold cards).

Product Purchase rate Balance transfer rate Annual fees Interest free days

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$59

55

19.74% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$29 $0 when you spend over $1,000 p.a, $0 in the first 1 year

55

19.74% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$29 $0 when you spend over $1,000 p.a, $0 when you present your student identification in branch each year, $0 in the first 1 year

55

13.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$59 $0 in the first 1 year

55


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Rewards credit cards Rewards credit cards

CommBank offers four awards cards options, which give cardholders the opportunity to build up points with each purchase and claim things like shopping vouchers or flights. In fact, you’ll be spoilt for choice, as CommBank offers the largest rewards program of all Aussie banks. You can also choose between four tiers of Award Card, from Basic to Diamond, keeping in mind that you’ll pay higher fees for higher tiers, but get cool features like complimentary travel insurance in return.

Product Points per dollar Purchase rate Balance transfer rate Annual fees

1.5 points per dollar on Amex, 1 point per dollar on MasterCard, up to 50000 points per year

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$59

3 points per dollar on Amex, 1.25 points per dollar on MasterCard, up to 1000000 points per year

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$349

2 points per dollar on Amex, 1 point per dollar on MasterCard, up to 75000 points per year, then
1 point per dollar on Amex, 0 points per dollar on MasterCard, up to 125000 points per year

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$119

2.5 points per dollar on Amex, 1 point per dollar on MasterCard, up to 150000 points per year, then
1 point per dollar on Amex, 0 points per dollar on MasterCard, up to 250000 points per year

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$249


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Prestige cards Prestige cards

Want to add something a little bit fancy to your wallet? Look no further than the prestige cards on offer from CommBank. These cards offer a huge range of freebie services, including complimentary insurance covers, a personal concierge and a rewards program to die for. Prestige cards pack a punch when it comes to annual fees and interest rates, but for spenders who will take advantage of the massive bonuses on offer, it shouldn’t take too long for a Commonwealth Bank prestige card to earn its keep!

Product Points per dollar Purchase rate Balance transfer rate Annual fees

3 points per dollar on Amex, 1.25 points per dollar on MasterCard, up to 1000000 points per year

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$349

2.5 points per dollar on Amex, 1 point per dollar on MasterCard, up to 150000 points per year, then
1 point per dollar on Amex, 0 points per dollar on MasterCard, up to 250000 points per year

20.24% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$249


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Student credit cards Student credit cards

CommBank also offers a student credit card, which comes with no annual fee while ever you’re studying. You’ll also need to have a Streamline, Smart Access or Complete Access bank account to take advantage of the no annual fee benefit.

Product Purchase rate Balance transfer rate Annual fees Interest free days

19.74% p.a.

5.99% p.a. for 5 months and then 21.24% p.a.

$29 $0 when you spend over $1,000 p.a, $0 when you present your student identification in branch each year, $0 in the first 1 year

55

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Frequently Asked Questions about Commonwealth Bank credit cards

    How many interest free days will I get with a Commonwealth Bank credit card?

    What fees might I be charged?

    What is the minimum monthly payment I must make on a CommBank credit card?

    Can I use paypass?

    Can I use my credit card while I’m travelling overseas?

    What kind of insurance options does my CommBank credit card offer?

    What rewards options do I have with my Awards credit card?

    What happens if I am the victim of credit card fraud?

How are Commonwealth Bank credit cards rated?

Mozo users have rated Commonwealth Bank credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Commonwealth Bank credit cards

Overall 7.3*

Price

Features

Customer service

Convenience

Trust

2848 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Commonwealth Bank credit card reviews Recent Commonwealth Bank credit card reviews

Commonwealth Bank

Commonwealth Bank Low Fee Credit Card credit card review

Overall rating   8 / 10

Very satisfied with the service

Both customer service and staff assistance is helpful

Full review

Both customer service and staff assistance is helpful

    Price   5 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Eileen (NSW), reviewed about 1 month ago

Commonwealth Bank

Commonwealth Bank credit card review

Overall rating   10 / 10

Excellent work

Very helpful and excellent customer services.

Full review

Very helpful and excellent customer services.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Sisilia (NSW), reviewed about 1 month ago

Commonwealth Bank

Commonwealth Bank Low Fee Credit Card credit card review

Overall rating   8 / 10

Overall a great bank that have good products

I am very happy with the product. It has been extremely helpful in emergency situations and I would definitely recommend to others

Full review

I am very happy with the product. It has been extremely helpful in emergency situations and I would definitely recommend to others

    Price   7 / 10

    Features   8 / 10

    Customer service   6 / 10

    Convenience   10 / 10

    Trust   6 / 10

Less

Siddhartha (VIC), reviewed about 1 month ago

Commonwealth Bank

Commonwealth Bank Low Fee Credit Card credit card review

Overall rating   10 / 10

Great customer service

I know this bank for more the 40 years

Full review

I know this bank for more the 40 years

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Ana (QLD), reviewed about 1 month ago

Commonwealth Bank

Commonwealth Bank credit card review

Overall rating   9 / 10

Good customer service in most branches.

The staff at my local branch is very helpful and they take the time to explain their services in simple terms so it's easy for customers to understand exactly wheat they are getting.

Full review

The staff at my local branch is very helpful and they take the time to explain their services in simple terms so it's easy for customers to understand exactly wheat they are getting.

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Helen (VIC), reviewed 3 months ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Commonwealth Bank credit card? What do you need to apply for a Commonwealth Bank credit card?

So you’re ready to apply for a credit card? Great! You can easily and quickly apply for any Commonwealth Bank credit card online, or within a branch. CommBank staff can guide you through a pre-approval application on the spot, and you’ll then have 30 days to decide if you want to accept the contract or cancel.

To apply for any CommBank credit card, you should:

  • be at least 18 years old
  • have the right to work in Australia
  • have a regular source of taxable income
  • not be bankrupt

For the application process, you should keep the major steps in mind, so you know what to expect and what details to have on hand. You’ll have to:

Enter your details - if you’re already a Commonwealth NetBank customer you can use your existing account details, but otherwise, fill in your personal details like name, address and employment details.

You can then choose options to customise and protect your credit card, including credit card insurance.

Upload documents - you’ll need at least two types of official identification, which can include a birth certificate, passport, driver's license, medicare card, photo ID card or marriage certificate. You’ll also need to provide proof of income, usually in the form of recent pay slips.

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