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 that could earn you a tonne of points without charging a tonne of fees, the Commonwealth Bank Ultimate Awards Credit Card could be the match for you. Cardholders can earn up to 3 Awards points per $1 spent on eligible purchases using you Mastercard®, up to $10,000 in a statement period, as well as up to 15 points when you shop with one of CommBank’s bonus partners.
Plus, when you spend at least $2,500 in your statement period and choose to receive online statements, then the $35 monthly fee is waived. Saving you $420 in a year! It's no surprise this card took home an award in the 2023 Mozo Experts Choice Travel Money Award in the Rewards Travel Credit Card category. This card also won two awards in the 2023 Mozo Experts Choice Credit Card Awards for best Premium Rewards Credit Card and best Cashback Premium Credit Card.
There are plenty of reasons to consider CommBank’s Ultimate Awards Credit Card, whether you’re looking for points, savings or perks.
While the card comes with a 20.99% p.a. purchase rate, if you shop smart with this card, you could see a lot of return on your money in the form of rewards points. For international transactions made in-store or online, cardholders can earn 3 Awards points per $1 spent.
For transactions made at home in Australia, shoppers can earn 2 Awards points per $1 spent at major Aussie supermarkets, department stores and petrol stations, and receive 1 Awards point on all other purchases. Just keep in mind that these points can only be earned up to and including the first $10,000 spent in a statement period - after that, you'll earn 0.5 Awards points per $1 spent on Mastercard purchases (uncapped).
When it comes to paying an annual fee on the Ultimate Awards Credit Card, CommBank has done things a little differently. Instead of charging customers an upfront $420 annual fee, they spread the cost with a monthly $35 charge. However, for if you spend over $2,500 in a statement period and choose to receive online statements, the fee will be waived.
Talking about fees, with a 0% foreign exchange margin you won't have any international transaction fees to worry about, or any additional cardholder fees for that matter.
After perks? This card comes with a few. The CommBank Ultimate Awards Credit Card offers complimentary travel insurance, plus, thanks to Mastercard Airport Experiences, you'll have access to over 1,000 airport lounges around the world as well a bunch of dining, shopping and spas.
But that’s not all! The card also comes with up to 55 interest-free days on purchases and is connected to Priceless Cities offers and experiences connected to Mastercard.
This card could be a good option for rewards points-collectors! With the CommBank Ultimate Awards program, the points you earn are uncapped and don’t expire, so you can grow your stash for as long as and as large as you like.
Bear in mind that the minimum credit limit on this card is $6,000, so if you're after a card with a lower limit then the CommBank Awards credit card might be a better alternative for you.
Rates and fees information correct as at 27 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 $10,000 per month, 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.
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
Spend $28,300 (Mastercard)
Spend $20,650 (Mastercard)
Spend $15,600 (Mastercard)
Spend $358,400 (Mastercard)
Uncapped
Never
20.99% p.a. |
|
none |
|
No current offer |
|
none |
|
21.99% p.a. |
|
55 |
$420.00 |
|
none |
|
$48,000.00 |
|
none |
|
$20.00 |
|
3%, min $4.00, max $300 |
|
0% |
|
$0.00 |
|
$0.00 |
|
$0.00 |
$25.00 |
|
2.0 |
|
1 |
|
Interest free days will decrease to 44, effective 1st May 2024. |
Apple Pay, Google Wallet, Samsung Pay, Garmin, Fitbit
Travel Insurance,
Extended Warranty,
Purchase Protection
Receive personalised cashback offers based on your spending history with Yello CommBank Offers.
Amazing providers as a 19 year old mum i ama thankful two have the opportunitys i have had with vom bank
Read full reviewAmazing providers as a 19 year old mum i ama thankful two have the opportunitys i have had with vom bank
The credit card provides the highest rewards of any other by CBA. Tracking/viewing accumulation of points is easy and clear to understand. Drawing down on rewards is simple and quick
Read full reviewThe credit card provides the highest rewards of any other by CBA. Tracking/viewing accumulation of points is easy and clear to understand. Drawing down on rewards is simple and quick
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