Commonwealth Bank Credit Cards

Compare CommBank credit cards to enjoy lower interest rates, save money, and earn more points.

By   |   Updated 26 Mar 2024

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Comparing Commonwealth Bank credit cards

CommBank Neo

On website

CommBank Neo

Highlights

  • Zero interest, zero late fees.
  • Three credit limit options: $1,000, $2,000, or $3,000.
  • Monthly fee remains straightforward: $12, $18, or $22, corresponding to your chosen credit limit.

Pros

  • No interest, no late fees.
  • No foreign exchange or additional cardholder fees.
  • Cashback benefits for eligible cardholders.

Cons

  • No Awards points for this card.
  • Low credit limits.
  • No balance transfers.
Commonwealth Bank Low Rate Credit Card

On website

Commonwealth Bank Low Rate Credit Card

Highlights

  • Experience 0% p.a. on purchases for the initial 3 months + potential cashback of up to $240 upon fulfilling the criteria.
  • Annual fee of $72 p.a. remains.
  • Enjoy up to 55 days interest-free on purchases.

Pros

  • Earn cashback when you meet the criteria.
  • Enjoy 0% p.a. on purchases for 3 months.
  • Up to 55 days interest-free on purchases.

Cons

  • No rewards program.
  • There is a 3% international transaction fee.
Commonwealth Bank Low Fee Credit Card

On website

Commonwealth Bank Low Fee Credit Card

Highlights

  • Receive $200 cashback upon application by 1 March 2024, approval, and spending $500 or more monthly for the initial 4 months.
  • No annual fee if spending reaches at least $300 within your statement period.
  • Terms and Conditions apply. Enjoy up to 55 days interest-free.

Pros

  • Get $200 cashback when you meet the criteria.
  • No annual fee when you meet the spending criteria.
  • Up to 55 days interest-free.

Cons

  • There is no rewards program on this card.
  • No international travel insurance.
  • There's a $3 monthly fee if you do not spend at least $300 in your statement period.
Commonwealth Bank Awards Credit Card

On website

Commonwealth Bank Awards Credit Card

Highlights

  • Accrue 1 Awards point for every $1 spent on eligible purchases, capped at $2,000 within a statement period.
  • Accumulated points remain valid indefinitely.
  • No extra cardholder fee is required.

Pros

  • Includes Complimentary Purchase Security and Extended Warranty insurance.
  • Enjoy up to 55 interest-free days on purchases.
  • Monthly fee is $8.

Cons

  • Relatively high purchase interest rate and cash advance interest rate.

Commonwealth Bank Business Platinum Awards Credit Card

On website

Commonwealth Bank Business Platinum Awards Credit Card

Highlights

  • Opt for either CommBank Awards points or Qantas Points (an annual fee of $30 applies).
  • Earn 1 Awards Point or 0.4 Qantas Points per dollar spent with your CommBank Awards Mastercard.
  • Get access to a unique collection of entertainment experiences and offers exclusively for Mastercard.

Pros

  • Earn up to 300,000 points a year. Terms and Conditions apply.
  • Transfer your earned points to other travel programs.
  • Includes Transit Accident Insurance and Unauthorised Transaction Insurance.

Cons

  • High annual fee.
  • The additional cardholder fee is $75.

Commonwealth Bank Business Awards Credit Card

On website

Commonwealth Bank Business Awards Credit Card

Highlights

  • Select between earning CommBank Awards points or opting for Qantas Points with a $30 annual fee. Terms and Conditions apply.
  • Enjoy up to 55 days interest-free on purchases.
  • Accrue 1 Awards point for every dollar spent using your Awards Mastercard.

Pros

  • Get access to a unique collection of entertainment experiences through Priceless Sydney and Mastercard Privileges.
  • 24/7 emergency assistance overseas.
  • Includes Transit Accident Insurance and Unauthorised Transaction Insurance.

Cons

  • The additional cardholder fee is $75.

Whether you're looking for a credit card with rewards, low fees, or other exclusive benefits, Commonwealth Bank (CommBank) offers a range of options to suit different financial needs. From awarding credit cards to cards that earn Qantas points, CommBank provides a variety of options with competitive features.

Types of Commonwealth Bank credit cards

CommBank provides several types of credit cards to cater to varying preferences and financial requirements. These may include:

Awards credit cards

  • Overview of awards credit cards offered by Commonwealth Bank.
  • Benefits and features of awards credit cards, such as earn rates and redemption options.
  • Comparison with similar cards from other financial institutions.

Low fee or no annual fee cards

  • Details about Commonwealth Bank's low-fee or no annual fee credit cards.
  • Benefits of these cards, including cost-saving advantages.
  • How these cards stack up against competitors in terms of savings and benefits.

Cards with Qantas points earning capability

  • Information on credit cards from CommBank that allow customers to earn Qantas points.
  • Benefits of earning Qantas points through credit card transactions.
  • Comparison with other credit cards that offer Qantas points as rewards.

Cashback or rewards cards

  • Features of CommBank credit cards that offer cashback or rewards for everyday spending.
  • How these cards work and the advantages they offer to cardholders.
  • Assessment of cashback/rewards cards from Commonwealth Bank compared to those from other providers.

Sign-up offers and promotions

CommBank often provides sign-up offers and promotions to attract new customers or incentives for existing ones to explore different card options. Understanding these offers can help you make informed decisions about which credit card to choose. This section will cover topics such as:

  • Current sign-up offers available from Commonwealth Bank.
  • Conditions and requirements to qualify for these promotions.
  • Comparison with sign-up offers from competing banks in the Australian market.

Managing your Commonwealth Bank credit card

Once you have a CommBank credit card, understanding how to manage it effectively is crucial for maximizing its benefits and maintaining financial wellbeing. This section will delve into:

  • How to check your statement and review transactions.
  • Tips for responsible credit card use and avoiding common pitfalls.
  • Utilizing online banking tools provided by Commonwealth Bank for card management.

CommBank credit cards vs competitors

To make an informed decision about choosing a credit card, it's essential to compare the offerings of Commonwealth Bank with those of other financial institutions. This comparative analysis will include:

  • Assessment of fees and interest rates of CommBank credit cards versus competitors.
  • Comparison of rewards programs and benefits.
  • Customer reviews and satisfaction ratings for CommBank credit cards relative to industry standards.

Help choosing a Commonwealth Bank credit card

Receive personalized guidance in selecting the perfect Commonwealth Bank credit card tailored to your financial goals and lifestyle preferences.

  • FAQs

How do I apply for a Commonwealth Bank credit card?

Learn about the application process for a CommBank credit card, including eligibility criteria and required documentation.

What are the benefits of the awards credit cards from Commonwealth Bank?

Discover the advantages of CommBank's awards credit cards, such as earning rates, redemption options, and additional perks.

Can I earn Qantas points with a Commonwealth Bank credit card?

Find out how Commonwealth Bank credit cards allow you to earn Qantas points and how these points can be used for travel rewards.

How can I manage my Commonwealth Bank credit card online?

Explore the online banking features provided by CommBank for managing your credit card, including checking statements and making payments.

What sets Commonwealth Bank credit cards apart from other banks in Australia?

Understand the unique features and benefits offered by CommBank credit cards that differentiate them from competitors in the market.

What should I consider when choosing a Commonwealth Bank credit card?

Get insights into factors to consider when selecting a CommBank credit card, such as rewards programs, fees, interest rates, and suitability to your spending habits.