Commonwealth Bank Awards Credit Card | Review & Apply

Commonwealth Bank Awards Credit Card

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Save money
Earn points
Offer
Card features
balance transfer
purchase rate
annual fee
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Commonwealth Bank Awards Credit Card
Apply by 29 feb 20
102 reviews
Commonwealth Bank Awards Credit Card
Get 30,000 Bonus Awards Points when you apply by 29 February 2020, are approved and spend $2,000 on eligible purchases within 90 days from card activation.
Earn up to 1 Awards Points per $1 spent on purchases.
$59 p.a. annual fee.
Add to comparison
5 months
5.99% p.a.
then 21.24%
with a 0% fee
20.24% p.a.
ongoing
$59
ongoing

Pros & cons

What's good?

What's not so good?

Get 30,000 Bonus Awards Points when you apply by 29 February 2020, are approved and spend $2,000 on eligible purchases within 90 days from card activation.
Earn up to 1 Awards Points per $1 spent on purchases.
$59 p.a. annual fee.
Minimum credit limit of $500.
Faster way to purchase under $100 at the shops using Mastercard® PayPass.
Redeem points for Virgin Frequent Flyer or the Qantas Frequent Flyer Program. Conditions Apply.
Redeem points at Myer, Flight Centre or 1,000 items with CommBank Awards.
Enable for Apple Pay, Google Pay or Samsung Pay.
Interest rates on purchases and cash advances are at the high end of the range.
Awards points are capped at 50,000 points per year which will hold back serious points hackers.
  • From 1 September 2018, new CommBank American Express Cards will no longer be offered.
  • From 1 November 2018, we’re closing all CommBank American Express Cards and transactions will be declined (some exceptions apply*).
Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.7 out of 5.0 based on 102 reviews83% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Activate travel insurance for each trip

Reviewed and recommended by Partha on 30 Apr 2017

Cash back awards on the card are good. The AmEx card earns more points than the MasterCard.

There are not many bonus points on offer for existing card holders, and it’s also not tied to any fuel offer.

The travel insurance not automatic – you have to register for every trip separately to activate the insurance.

Overall it’s a no frills card.

I got a free flight with this card

Reviewed and recommended by Lucy on 01 Apr 2017

I would suggest this credit card to anyone looking. I’ve got a low annual fee. The interest rate is high but as long as you keep on top of payments you can enjoy the great rewards it has to offer.

I’ve just cashed in my points again at Flight Centre, so my Sydney-Perth flight was completely free.

Quick and easy transfers

Reviewed and recommended by Maddy on 06 Jan 2017

Commonwealth has great deals and the service is actually pretty good. If you need to transfer money to another person it gets on their card straight away (if they are with Commonwealth as well).

Overall if you choose Commonwealth, don’t get a keycard (no online shopping or PayPal) but get a credit card. It’s easy to make transfers as well.

Good rewards for normal spending

Reviewed and recommended by Amelia on 12 Dec 2016

It’s very easy to use, especially with more and more people not charging for AmEx.

We have been able to buy a few products through the rewards program just for using our awards cards on normal spending, and this has so far outweighed the fees involved. Another positive is that some products we have purchased through the rewards system were cheaper than retail when comparing the point to dollar ratio. On the other hand, some products seem to be more expensive.

My first love

Reviewed and recommended by Freja on 07 Dec 2016

The CommBank Visa Rewards card was my first credit card, and not unlike my first love: trustworthy, there for me when I’ve been strapped for cash, and swings me a little present every now and then to make me feel special. I’ve had other cards since, but nothing quite compares.

Good rates and low fees

Reviewed and recommended by Lewis on 07 Dec 2016

This is a very good card, with good rates. I recommend it. It has the lowest credit card interest rate around and fees are also very low.

Online banking is super easy and the staff, if you ever need to call, are exemplary in customer service. Customer service always to a high standard.

It’s an excellent system, easy to understand.

Great customer service but huge fees

Reviewed and not recommended by Samantha on 16 Oct 2016

Although customer service is good they still take you for a ride when it comes to monthly fees. Due to the fees being so high, it makes it hard to trust that my bank wants the best for families and those doing it a little tough. Fees should be manageable on any budget.

Customer service explained everything

Reviewed and recommended by Stephanie on 15 Oct 2016

Customer service was excellent as they really helped me make an informed decision about which card would suit my lifestyle better. They were more than happy to take the time to explain every question I had, and explain interest rates and how I could really benefit from using my card.

I trust the Commonwealth Bank

Reviewed and recommended by Riani on 15 Oct 2016

I like the card I have from the Commonwealth Bank. It’s my first one. I have never tried any other companies.

I’d love a better percentage to help me save.

The card is from a trusted bank and I would definitely recommend this card to friends and foe alike.

Can't get credit limit increased

Reviewed and not recommended by Judie on 10 Oct 2016

I’m upset that they won’t increase my credit limit. I have applied several times to increase the limit, without success. I can afford it, but they won’t approve an increase.

I’m not very happy with the service provided by the bank. I used to pay the balance off every month, but I don’t bother any more.

Show 92 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Mastercard
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Commonwealth Bank Awards
Temporary residents
Yes

Cardholders

Additional cardholders
1
Additional card fee
$10 p.a.

Credit limits

Minimum credit limit
$500
Maximum credit limit
$50,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.5 months0%100% of credit limit21.24% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
100% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Commonwealth Bank Awards Credit Card at the promotional balance transfer rate from:

  • Aussie
  • Commonwealth Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.5 months0%100% of credit limit 21.24% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.77% 21.24% p.a.
Purchases 1.69% 20.24% p.a.

Fees

Annual fee
$59 p.a.
Cash advance fee
whichever is greater, $3 or 3%
Dishonour fee
$20
Duplicate statement fee
$7
Foreign exchange fee
3%
Late payment fee
$20
Over limit fee
$0
Overseas ATM balance fee
$1.25
Overseas ATM withdrawal fee
$4 or 1.75% of the cash advance amount (whichever is greater)
Overseas emergency card replacement fee
$20
Transaction verification fee
$0

Rewards & points

Rewards program basics

First purchase bonus
30,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Commonwealth Bank Awards
Spend required for bonus points
$2,000 on eligible purchases by 29 February 2020

Earning points with this card

Frequent flyer points
N/A
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
50,000
Points earned on ATO payments
N/A
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
N/A
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Carer's Allowance and Child Support Payments are acceptable.
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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