Choose the version of this credit card that suits you best
| Name | Rewards program | |
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Smart Awards Credit Card (Commbank Awards Program) | CommBank Awards |
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Smart Awards Credit Card (Qantas Points) | Qantas Frequent Flyer |
Please note, this credit card's interest free period will decrease to 44 days, effective 1 May 2024.
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.
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.
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.
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.
Rates and fees information correct as at 28 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 $5,000 per month, then
0.50 points per dollar on Mastercard, uncapped
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.
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.
Spend $28,300 (Mastercard)
Spend $20,650 (Mastercard)
Spend $15,600 (Mastercard)
Spend $418,400 (Mastercard)
Uncapped
Never
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20.99% p.a. |
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none |
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No current offer |
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none |
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21.99% p.a. |
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55 |
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$228.00 |
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none |
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$24,000.00 |
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none |
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$20.00 |
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3%, min $4.00, max $300 |
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0% |
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$0.00 |
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$0.00 |
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none |
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none |
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none |
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none |
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Interest free days will decrease to 44, effective 1st May 2024. |
Apple Pay, Google Wallet, PayID, Samsung Pay
Travel Insurance,
Extended Warranty,
Purchase Protection
Rates and fees information correct as at 28 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.
110,400 points
8,000 points
20,010 points
-
0.40 points per dollar on Mastercard, up to $5,000 per month, then
0.20 points per dollar on Mastercard, uncapped
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.
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.
Spend $50,025 (Mastercard)
Spend $20,000 (Mastercard)
Spend $492,000 (Mastercard)
Uncapped
Never
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20.99% p.a. |
|
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none |
|
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No current offer |
|
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none |
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21.99% p.a. |
|
|
55 |
|
$228.00 |
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none |
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$24,000.00 |
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$60.00 |
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$20.00 |
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3%, min $4.00, max $300 |
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0% |
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$0.00 |
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$0.00 |
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none |
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none |
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none |
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none |
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Interest free days will decrease to 44, effective 1st May 2024. |
Apple Pay, Google Wallet, PayID, Samsung Pay
Travel Insurance,
Extended Warranty,
Purchase Protection
This credit card has a high Interest rate and the points rewards are not really worth the interest. If you paid it off before interest period each time you might get something of value but for a card to pay off existing debt don't use this one. I had a fraudulent activity on my card which the bank did refund only for it too happen again from the same criminals a few months later despite having restricted the card from international transactions.
Read full reviewThis credit card has a high Interest rate and the points rewards are not really worth the interest. If you paid it off before interest period each time you might get something of value but for a card to pay off existing debt don't use this one. I had a fraudulent activity on my card which the bank did refund only for it too happen again from the same criminals a few months later despite having restricted the card from international transactions.
Been with commonwealth my whole life there great
Read full reviewBeen with commonwealth my whole life there great
Commbank excels with its user-friendly app and decent ATM/branch network. The Smart Awards credit card can be included at no extra cost if you have a home loan with Wealth Package added. Its best feature by far is the complimentary included travel insurance – it's through Covermore and the cover seems reasonably comprehensive. However, despite not paying the annual fee, I still find this card underwhelming overall. I am a reward points aficionado and the Commbank Awards program just doesn't cut it. The card has a low points earning rate and transfer rate to Qantas Frequent Flyer.
Read full reviewCommbank excels with its user-friendly app and decent ATM/branch network. The Smart Awards credit card can be included at no extra cost if you have a home loan with Wealth Package added. Its best feature by far is the complimentary included travel insurance – it's through Covermore and the cover seems reasonably comprehensive. However, despite not paying the annual fee, I still find this card underwhelming overall. I am a reward points aficionado and the Commbank Awards program just doesn't cut it. The card has a low points earning rate and transfer rate to Qantas Frequent Flyer.
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
