Please note, this credit card's interest free period will decrease to 44 days, effective 1 May 2024.
If you're looking for a rewards credit card with awards flexibility, then the Commonwealth Bank Awards Card is one that really delivers with a monthly fee of $8. You can transfer points to a range of airline programs or redeem points at Flight Centre, instantly in store at Myer, gift cards, cash back and thousands of items from the Awards website - in fact it has the largest rewards program of any bank in Australia according to Roy Morgan Research.
The Commonwealth Bank Awards card will earn rewards lovers 1 Award point per $1 spent when you make eligible purchases up to $2,000 in a statement period (T&Cs apply).
Since this card works on the Mastercard network, in addition to being able to use it at over 32 million locations around the world, you can live it up with the Mastercard Priceless program which offers cardholders exclusive access to dining, sporting and entertainment events in a number of cities around the world. And when the time comes to make a payment, you won't even need your wallet, as Apple Pay is also available.
The monthly fee is $8, and overseas purchases have a 3.50% foreign exchange margin added on your MasterCard.
The lock, block and limit feature of the Awards Credit Card gives you added security when you need it. For instance if you accidentally misplace your card you can put a temporary block on the card while you look for it, and then unlock it again when it’s found. You can block overseas transactions (online or in store), give yourself a set per transaction purchase limit and block any ATM cash withdrawals.
This card also comes with complimentary Purchase Security and Extended Warranty Insurance provided by Cover-More (T&Cs apply).
This card links to the largest awards program of any bank in Australia so it is ideal for people who want flexibility in what they use their points for.
While CBA’s Awards points don’t expire, there is a yearly cap of 50,000 points which is something to consider. Additionally, international transaction fees do apply.
Rates and fees information correct as at 20 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
239,200 points
15,600 points
20,650 points
28,300 points
1 point per dollar on Mastercard, up to 2000 points per year, then
0.5 points per dollar on Mastercard, uncapped
Transfer points to a range of airline programs or redeem points at Flight Centre, instore at Myer, gift cards, cash back or thousands of items from the Awards website.
You can get flights via Velocity, Qantas Frequent Flyer or through Flight Centre vouchers.
Spend $54,600 (Mastercard)
Spend $39,300 (Mastercard)
Spend $29,200 (Mastercard)
Spend $476,400 (Mastercard)
Uncapped
Never
|
20.99% p.a. |
|
|
none |
|
|
No current offer |
|
|
none |
|
|
21.99% p.a. |
|
|
55 |
|
$96.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$20.00 |
|
|
3%, min $4.00, max $300 |
|
|
3.50% |
|
|
$0.00 |
|
|
$0.00 |
|
|
$10.00 |
|
$25.00 |
|
|
2.0 |
|
|
1 |
|
|
Interest free days will decrease to 44, effective 1st May 2024. |
Apple Pay, Google Wallet, Samsung Pay, Garmin, Fitbit
Extended Warranty,
Purchase Protection
Receive personalised cashback offers based on your spending history with Yello CommBank offers.
Everyone knows they have the best app. I've had only good experiences - I did once (SOMEHOW!) fall for a scam, they were quick and painless to deal with. I think they take security very seriously and have a seemless online experience.
Read full reviewEveryone knows they have the best app. I've had only good experiences - I did once (SOMEHOW!) fall for a scam, they were quick and painless to deal with. I think they take security very seriously and have a seemless online experience.
I am an old pensioner and over the many years that I have been with the CBA I have found them to be reliable and concerned about me. They have saved me from being scammed out of thousands of dollars.
Read full reviewI am an old pensioner and over the many years that I have been with the CBA I have found them to be reliable and concerned about me. They have saved me from being scammed out of thousands of dollars.
I like this bank because it has home security and u can lock your card if you ever loose it u can order a new one
Read full reviewI like this bank because it has home security and u can lock your card if you ever loose it u can order a new one
Commonwealth Bank has always been there for me for over 30 years, when in crisis they supported me and helped me, the only bank I will use.
Read full reviewCommonwealth Bank has always been there for me for over 30 years, when in crisis they supported me and helped me, the only bank I will use.
Quite reasonable interest rates and annual fee. Nice award system. However, I would like to see a better selection of gift cards that can be redeemed. Also more gift cards that can be used online.
Read full reviewQuite reasonable interest rates and annual fee. Nice award system. However, I would like to see a better selection of gift cards that can be redeemed. Also more gift cards that can be used online.
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Velocity Platinum Card
23.99% p.a.
No current offer
$375
Velocity Frequent Flyer
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Qantas Discovery Card
23.99% p.a.
No current offer
$0
Qantas Frequent Flyer
Velocity Escape Card
23.99% p.a.
No current offer
$0
Velocity Frequent Flyer
Qantas Ultimate Card
Qantas Frequent Flyer
$450
60,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
50,000
1 point up to 20,000 points/month
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
160,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
120,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
Low Rate Card
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
13.49% p.a.
$59 $0 in the first year
Premier Credit Card
0% p.a. for 6 months and then 22.24% p.a.
21.49% p.a.
$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
Citi Rewards Program
Blue Visa Credit Card
0% p.a. for 9 months and then 21.74% p.a.
0% p.a. for 9 months then 20.74% p.a.
$60
Q Rewards
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 24 months and then 20.99% p.a.
20.74% p.a.
$149 $0 in the first year
Velocity Frequent Flyer
More Mastercard
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
19.99% p.a.
$100
Bankwest More Rewards
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Blue Visa Credit Card
0% p.a. for 9 months then 20.74% p.a.
0% p.a. for 9 months and then 21.74% p.a.
$60
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 24 months and then 20.99% p.a.
$149 $0 in the first year
More Mastercard
19.99% p.a.
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
$100
