Smart Awards Credit Card (Commbank Awards Program) card image
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Commonwealth Bank Smart Awards Credit Card

Advertiser disclosure
The details shown below are for a card with CommBank Awards
The details shown below are for a card with Qantas Frequent Flyer

Choose the version of this credit card that suits you best

Name Rewards program
Smart Awards Credit Card (Commbank Awards Program) CommBank Awards
Smart Awards Credit Card (Qantas Points) Qantas Frequent Flyer
  • Smart Awards Credit Card (Commbank Awards Program)
    Rewards: CommBank Awards
  • Smart Awards Credit Card (Qantas Points)
    Rewards: Qantas Frequent Flyer
Purchase rate
20.99% p.a.
Balance transfer rate
No current offer
Annual fees
$228 $0 monthly fee if you spend $2,000 per month
Interest free days on purchases
44
Purchase rate
20.99% p.a.
Balance transfer rate
No current offer
Annual fees
$288 $0 monthly fee if you spend $2,000 per month
Interest free days on purchases
44

Mozo editorial review Commonwealth Bank Smart Awards Credit Card - last updated: 1 May 2024

binocular icon
What's hot
  • 2023 Mozo Experts Choice Award winner
  • Earn up to 2 Awards Points or 0.8 Qantas Points per $1 spent (terms and conditions apply)
  • Monthly fee waived if you spend at least $2,000 on eligible purchases in the statement period (terms and conditions apply)
What's not
  • $19 monthly fee if spending conditions aren’t met
  • 20.99% p.a. purchase rate
  • $60 annual fee to opt in to Qantas Points
Mozo snapshot

Love rewards points? You might want to check out the CommBank Smart Awards Credit Card. This card offers travel perks like lounge access, included travel insurance, and no foreign exchange fees. You can also choose to earn either CommBank Awards Points or Qantas Points as you spend. This card is also the winner of two 2023 Mozo Experts Choice Award for best Premium Rewards Credit Card and best Cashback Premium Credit Card. 

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Key features

CommBank’s newest credit card could be one to watch if you’re a fan of earning rewards while you spend. 

You can earn rewards points while you spend, either with CommBank’s Awards Points or by opting in to earn Qantas Points (note that there is a $60 opt-in fee for Qantas points, and a $99 fee to sign up if you are not already a member). With this card, you could earn:

  • 1.5 Awards Points/0.6 Qantas Points per $1 spent up to and including $5,000 per statement period on purchases at select major Australian supermarkets, department stores, dining outlets, petrol stations, and utilities (terms and conditions apply).

  • 1 Awards Point/0.4 Qantas Points per $1 spent up to and including $5,000 per statement period on all other eligible purchases.

  • 0.5 Awards Points/0.2 Qantas Points per $1 spent above $5,000 per statement period on all remaining eligible purchases.

  • Points boost: 2 Awards Points/0.8 Qantas Points per $1 spent on the highest single eligible purchase per statement period (terms and conditions apply).

Awards Points can be used through the CommBank Awards site on things like gift cards, electronics, appliances, and cashback, as well as redeemed exclusively through Myer and Flight Centre. 

The Smart Awards credit card could also come in handy for travel. There are no fees for foreign transactions, which could make this card an attractive option. The Smart Awards card also includes travel insurance (activate prior to travelling, terms and conditions apply) and Mastercard Travel Pass provided by Dragonpass, giving you access to over 1,300 airport lounges worldwide. 

This credit card has a 20.99% p.a. purchase rate attached, so you’ll definitely want to pay off your balance in full each statement period. There is a $19 monthly fee, but this will be waived when you spend $2,000 in the statement period.

There are currently two awards points options for new customers – one for those who want CommBank Awards Points, and another who opt for the Qantas points:

CommBank Awards offer (T&Cs apply)

Receive up to 75,000 Awards Points – 25,000 per month – when you apply for a new Smart Awards credit card and spend $1,500 each month on eligible purchases for the first 3 months from activation. Up to 90,000 Points – 30,000 per month – for CommBank Yello tier applicants.

Qantas Points offer (T&Cs apply)

Receive up to 30,000 Qantas Points - 10,000 per month - when you apply for a new Smart Awards credit card and spend $1,500 each month on eligible purchases within 3 months from activation. Up to 45,000 Qantas Points - 15,000 per month - for CommBank Yello tier applicants.
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Who is it good for

With its travel-orientated benefits, this card could be a rewarding option for frequent flyers who don’t want to be tied to a specific airline’s points program.

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Any catches

If you aren’t a big spender, you might have trouble with the $2,000 a month spend required to waive the $19 monthly fee. If you’re interested in earning Qantas Points with this card, you’ll also have to keep in mind the $60 annual opt-in fee.

Rewards program details

Rates and fees information correct as at 15 July 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.

What your points get you
Fly Sydney to London return

239,200 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

20,650 points

$100 Cash

28,300 points

Points earning

1 point per dollar on Mastercard, up to $5,000 per month, then
0.50 points per dollar on Mastercard, uncapped

Rewards scheme

Earn 2 Awards Points per dollar on the highest eligible purchase per statement period, up to 1000 Awards Points. Earn 1.5 Awards Points per dollar on eligible purchases at selected major Australian retailers, up to $5,000.

Smart Awards gives you access to airport lounge benefits with Mastercard Travel Pass provided by DragonPass. Enjoy access to over 1,300 airport lounges worldwide.

Special offers

Up to 75,000 Awards Points - 25,000 per month - when you apply for a new Smart Awards credit card and spend $1,500 each month on eligible purchases for the first 3 months from activation. Up to 90,000 Points - 30,000 per month - for CommBank Yello tier applicants.

Value of rewards points

Spend $28,300 (Mastercard)

Spend $20,650 (Mastercard)

Spend $15,600 (Mastercard)

Spend $418,400 (Mastercard)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

20.99% p.a.

none

No current offer

none

21.99% p.a.

44

Fees

$228.00

none

$24,000.00

none

$20.00

3%, min $4.00, max $300

0%

$0.00

$0.00

none

Features

none

none

none

none

Payment options

Apple Pay, Google Wallet, PayID, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Rewards program details

Rates and fees information correct as at 15 July 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.

What your points get you
Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

20,010 points

$100 Cash

-

Points earning

0.40 points per dollar on Mastercard, up to $5,000 per month, then
0.20 points per dollar on Mastercard, uncapped

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Earn 0.8 Qantas Points per dollar on the highest eligible purchase per statement, up to 400 Qantas Points. Earn 0.6 Qantas Points per dollar on eligible purchases at selected major Australian retailers, up to $5,000.

Smart Awards gives you access to airport lounge benefits with Mastercard Travel Pass provided by DragonPass. Enjoy access to over 1,300 airport lounges worldwide.

Special offers

Up to 30,000 Qantas Points - 10,000 per month - when you apply for a new Smart Awards credit card and spend $1,500 each month on eligible purchases within 3 months from activation. Up to 45,000 Qantas Points - 15,000 per month - for CommBank Yello tier applicants.

Value of rewards points

Spend $50,025 (Mastercard)

Spend $20,000 (Mastercard)

Spend $492,000 (Mastercard)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

20.99% p.a.

none

No current offer

none

21.99% p.a.

44

Fees

$228.00

none

$24,000.00

$60.00

$20.00

3%, min $4.00, max $300

0%

$0.00

$0.00

none

Features

none

none

none

none

Payment options

Apple Pay, Google Wallet, PayID, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Customer Reviews

How are Commonwealth Bank credit cards rated by the Mozo community?

Overall
7.4/10
Price
5.8/10
Features
6.1/10
Customer service
7.0/10
Convenience
7.9/10
Trust
7.2/10
Based on 8553 Commonwealth Bank credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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