Commonwealth Bank Business Awards

20.74% p.a.

No current offer

$100

Commonwealth Awards

Commonwealth Bank Business Awards

20.74% p.a.

No current offer

$100

Commonwealth Awards

Rewards program details

Rates and fees information correct as at 20 September 2019. 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

299,000 points

Fly Sydney to Melbourne one-way

19,500 points

$100 Giftcard

21,000 points

$100 Cash

25,000 points

Points earning

1 point per dollar on Mastercard, up to 60000 points per year

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 or through Flight Centre vouchers.

Special offers

Receive 30,000 bonus awards points when you apply by 31 October 2019, are approved and spend $2,000 by 31 January 2020.

Value of rewards points

Spend $25,000 (Mastercard)

Spend $21,000 (Mastercard)

Spend $19,500 (Mastercard)

Spend $299,000 (Mastercard)

at 60,000 points yearly

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 20.74% p.a.

  • none

  • No current offer

  • none

  • 21.74% p.a.

  • 55

Fees
  • $100.00

  • none

  • none

  • none

  • $20.00

  • 1.5%

  • 3.00%

  • $0.00

  • $0.00

  • $75.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

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

Customer Reviews

This product is not currently reviewed.

Commonwealth Bank

About Commonwealth Bank

See Commonwealth Bank business credit cards

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1 point per dollar on Visa, up to $7,500 per month, then
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20.24% p.a.

$425

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1 point per dollar on Mastercard, up to $10,000 per month, then
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NAB

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19.99% p.a.

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0% p.a. for 12 months and then 21.99% p.a.

$49 $29 in the first year

19.99% p.a.

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0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

$87 $0 when you spend over $20,000 p.a, $0 in the first year

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0% p.a. for 14 months then 20.74% p.a.

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HSBC

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0% p.a. for 12 months and then 21.99% p.a.

$129 Refunded when you spend over $6,000 p.a

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0% p.a. for 18 months and then 21.99% p.a.

$299 $199 in the first year

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American Express

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Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

20.74% p.a.

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CUA

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0% p.a. for 13 months and then 21.74% p.a.

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$50

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0% p.a. for 14 months then 20.74% p.a.

$129 $64 in the first year

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11.55% p.a.

$0

No current offer

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11.99% p.a.

$69

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NAB

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Low Fee Card

19.74% p.a.

$30

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

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ANZ

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12.49% p.a.

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11.99% p.a.

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$49 $29 in the first year

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0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$395 $295 in the first year

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11.99% p.a.

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