Ultimate Awards Credit Card card image

Commonwealth Bank Ultimate Awards Credit Card

Advertiser disclosure
Purchase rate
20.99% p.a.
Balance transfer rate
No current offer
Annual fees
$420 $0 monthly fee if you spend $4,000 per month and select online statements
Interest free days on purchases
44

Rewards program details

Rates and fees information correct as at 14 October 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 $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped

Rewards scheme

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.

Earn 3 Awards points per $1 spent for international transactions made instore and online, and 2 Awards points per $1 spent on purchases at major Australian supermarkets, department stores and petrol stations.

Access to over 1,000 airport lounges worldwide, plus selected offers on airport dining, shopping and spas, provided by LoungeKey

Special offers

Up to 100,000 Commbank Awards when you spend $3,500 or more per month for first four months. Only available in CommBank Yello. T&Cs apply.

Value of rewards points

Spend $28,300 (Mastercard)

Spend $20,650 (Mastercard)

Spend $15,600 (Mastercard)

Spend $358,400 (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

$420.00

none

$48,000.00

none

$20.00

3%, min $4.00, max $300

0%

$0.00

$0.00

$0.00

Features

$25.00

2.00%

1

none

Payment options

Apple Pay, Google Wallet, Samsung Pay, Garmin, Fitbit

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

Receive personalised cashback offers based on your spending history with Yello CommBank Offers.

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 8568 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.

Latest reviews of Commonwealth Bank Ultimate Awards Credit Card

About Commonwealth Bank

Thumbnail icon for NAB
NAB

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

Thumbnail icon for Citi
Citi

Rewards Credit Card

0% p.a. for 15 months then 21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a.

$199

Citi Rewards Program

Thumbnail icon for American Express
American Express

Qantas Ultimate Card

23.99% p.a.

No current offer

$450

Qantas Frequent Flyer

Thumbnail icon for Citi
Citi

Clear Credit Card - BT Offer

14.99% p.a.

0% p.a. for 24 months and then 22.24% p.a. (1.50% balance transfer fee)

$99 $49 in the first year

Thumbnail icon for American Express
American Express

Essential® Rewards Credit Card

23.99% p.a.

No current offer

$108

Membership Rewards

Thumbnail icon for Citi
Citi

Rewards Credit Card

21.49% p.a.

No current offer

$199 $99 in the first year

Citi Rewards Program

Thumbnail icon for American Express
American Express

Explorer Credit Card

23.99% p.a.

No current offer

$395

Membership Rewards

Thumbnail icon for American Express
American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

50,000

1.25 points up to 100,000 points/year, then
1 point uncapped

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

Platinum Visa Credit Card

Qantas Frequent Flyer

$299

30,000

1 point up to 20,000 points/month

Thumbnail icon for NAB
NAB

Qantas Rewards Premium Card

Qantas Frequent Flyer

$295 $195 in the first year

70,000

0.66 points up to $3,000/month, then
0.33 points up to $6,000/month

Thumbnail icon for American Express
American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

20,000

1 point uncapped

Thumbnail icon for NAB
NAB

Rewards Signature Card

NAB Rewards

$295 $145 in the first year

180,000

1.25 points uncapped

Thumbnail icon for American Express
American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for American Express
American Express

Velocity Escape Plus Card

Velocity Frequent Flyer

$95

No current offer

1 point up to 120,000 points/year, then
0.75 points uncapped

Thumbnail icon for NAB
NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$420 $320 in the first year

120,000

1 point up to $5,000/month, then
0.5 points up to $20,000/month

Thumbnail icon for NAB
NAB

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

Thumbnail icon for Citi
Citi

Clear Credit Card

0% p.a. for 28 months and then 22.24% p.a. (3.00% balance transfer fee)

14.99% p.a.

$99

Thumbnail icon for Citi
Citi

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

Thumbnail icon for Bank of Queensland
Bank of Queensland

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

Thumbnail icon for Virgin Money
Virgin Money

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

Thumbnail icon for Bankwest
Bankwest

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

Thumbnail icon for Citi
Citi

Rewards Credit Card

0% p.a. for 15 months then 21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a.

$199

Thumbnail icon for NAB
NAB

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

Thumbnail icon for Citi
Citi

Clear Credit Card

14.99% p.a.

0% p.a. for 28 months and then 22.24% p.a. (3.00% balance transfer fee)

$99

Thumbnail icon for HSBC
HSBC

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

Thumbnail icon for Australian Unity
Australian Unity

Low Rate Visa Credit Card

9.90% p.a.

No current offer

$59

Thumbnail icon for MOVE Bank
MOVE Bank

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

Thumbnail icon for NAB
NAB

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

Thumbnail icon for Citi
Citi

Rewards Credit Card

0% p.a. for 15 months then 21.49% p.a.

0% p.a. for 15 months and then 22.24% p.a.

$199

Thumbnail icon for Citi
Citi

Clear Credit Card - BT Offer

14.99% p.a.

0% p.a. for 24 months and then 22.24% p.a. (1.50% balance transfer fee)

$99 $49 in the first year

Thumbnail icon for Citi
Citi

Clear Credit Card

14.99% p.a.

0% p.a. for 28 months and then 22.24% p.a. (3.00% balance transfer fee)

$99

Thumbnail icon for HSBC
HSBC

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

Thumbnail icon for Australian Unity
Australian Unity

Low Rate Visa Credit Card

9.90% p.a.

No current offer

$59

Thumbnail icon for MOVE Bank
MOVE Bank

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

Thumbnail icon for Bank of Queensland
Bank of Queensland

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

Compare other credit cards