Commonwealth Bank Awards Credit Card

On website

Commonwealth Bank Awards Credit Card

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Annual fee

$96.00 p.a. ongoing

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 and cons

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.

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. Additional cardholders can be added so you can share with friends and family for free..
  • Digital wallets. The Commonwealth Bank Awards Credit Card works with Apple Pay, Google Pay and Samsung Pay.
  • Gambling transactions. Commonwealth Bank does allow gambling transactions on their Awards Credit Card, but it's possible for the cardholder to block them via NetBank.

Rewards and benefits

  • Complimentary travel insurance. This card does not come with an international travel insurance policy.
  • Concierge services. The Commonwealth Bank Awards Credit Card does not provide access to a concierge service.
  • Insurances. This card comes with 24-hour fraud protection but doesn't have any other insurance on purchases.
  • Rewards points. Earn one Award Point for every $1 spent on eligible purchases. Points can be transferred to a number of frequent flyer programs including Qantas Frequent Flyer, Velocity Frequent Flyer, Cathay Pacific Asia Miles, Etihad Guest, JAL Mileage Bank, and United MileagePlus. Note that points are not earned on transactions classed as being cash equivalent or annual fees, balance transfers, and cash advances. Points do not expire.
  • Sign-up bonus. Commonwealth Bank Awards Credit Card does not offer a sign-up bonus at the moment.

Rates and fees

  • Annual fee. The monthly fee for this card amounts to $8, resulting in an annual total of $96, which falls in line with the charges of other entry-level rewards cards in the Australian market.
  • Balance transfers. The Commonwealth Bank Awards Credit Card has an introductory balance transfer offer of 0% for the first 5 months. Although this offer is not very competitive against other balance transfers, it does have the benefit of having no balance transfer fee.
  • Cash advances. If you use the Commonwealth Bank Awards Credit Card to get a cash advance, you'll be charged 21.99% p.a. interest on the amount of the cash advance. This interest rate applies from the day you make the cash advance. A fee also applies.
  • Foreign exchange fee. Purchases made overseas or with a foreign retailer attract a foreign transaction fee of 3%.
  • Interest-free period. Enjoy 55 days interest-free on purchases. However, this is not available if you have not paid up the previous statement in full and on time.
  • Purchases. The Commonwealth Bank Awards Credit Card does not have an introductory offer for purchases. Its ongoing purchase rate is 20.99% p.a.

account

Reviewed by Credit Card Compare Staff

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

Love getting money for spending money

Reviewed by Sarah


Convenient way to earn points

Reviewed by Arixe


Overall, I guess it's okay

Reviewed by Karen


Happy with the services this card provides

Reviewed by Anonymous


Very convenient to have this card

Reviewed by Erika


A great way to build points

Reviewed by Vicky


Good experience with card

Reviewed by hjcunningham


Does what it is meant for

Reviewed by Rahul


Interest rates a bit high

Reviewed by Anne


Secure and easy

Reviewed by LengKim


All my accounts linked together

Reviewed by Sally A


Trustworthy

Reviewed by CBA credit card


Easy to use convienient card

Reviewed by Grannyk


Once a year I get a small reward

Reviewed by Frank Ciampi


Pretty average, nothing special

Reviewed by Anon


Keep getting new ones

Reviewed by Kimberley


Satisfactory

Reviewed by Les


Generally happy with service

Reviewed by Lynette


It works but it's not that special

Reviewed by Gregory


Easy to manage online

Reviewed by David


Time to move on to a better bank

Reviewed by Loyal Customer


Never had an issue with CBA

Reviewed by Ashton


Very pleased

Reviewed by karli charles


Generally happy except for the fees

Reviewed by Diva


Good card to have

Reviewed by Stephen


Long term customer

Reviewed by Card Reviewer


Generally pleased

Reviewed by trudy


Reliable!

Reviewed by Bella


Very happy

Reviewed by N/A


Good credit card, no intentions in changing

Reviewed by Chrissy


One of the best credit cards I've ever had

Reviewed by Ling Ling


Extremely well pleased with card

Reviewed by Steve


Pretty happy so far

Reviewed by Chandr3w


Always been happy

Reviewed by Sally


Great to have two cards

Reviewed by CommBank Customer


Very pleased with this card!

Reviewed by Sonya 'PennySaver'


Long time happy customer

Reviewed by Jude


Not many rewards for the money spent

Reviewed by Anon


Easy to use and good customer care

Reviewed by Anon


A safe card

Reviewed by Anon


Get awarded!

Reviewed by Got awarded


Saved me on my overseas trip

Reviewed by Matthew Blackall


Generally very pleased with this card

Reviewed by Lolpigs


I got heaps of points with this

Reviewed by Anon


Good bank to deal with

Reviewed by James Reilly


I save a little using this card

Reviewed by Anon


Generally pleased with this card

Reviewed by Anon


Pleased with this card

Reviewed by Wayne


So far so good!

Reviewed by Amelia


Happy for now

Reviewed by Mike


Good awards but a bit expensive

Reviewed by Gary


Useful with low fees

Reviewed by Carley


Not too bad

Reviewed by Reyhan


Easy application, high charges

Reviewed by Louise


Best credit card ever

Reviewed by Daniel


Big bank, small card

Reviewed by Mark


Worst bank to deal with

Reviewed by Christine


No debt accruing? This card may be for you

Reviewed by Stacey


Money when I need it most

Reviewed by Corrina


Rewards were great

Reviewed by Katherine


Not good

Reviewed by Victoria


I have been impressed with my credit cards

Reviewed by Deanne


Very convenient

Reviewed by C


Generally OK

Reviewed by Susan


Good awards program, high interest rate and fees

Reviewed by Anna


Paying it off

Reviewed by Billy


Has come in handy

Reviewed by Megan


Costs too much

Reviewed by Louisa


Getting ripped off by CBA

Reviewed by Teena


Generally pleased with this card

Reviewed by Sean


Fees not too bad

Reviewed by Salote


All good so far

Reviewed by C


Not overly impressed

Reviewed by Richard


Generally pleased with this card

Reviewed by Ashley


Rewards points declined

Reviewed by Adrian


Benefits and choice of rewards

Reviewed by Chad


I never pay interest

Reviewed by Susan


Good rewards, great for emergencies

Reviewed by Annelise


No problems with this card

Reviewed by Charlie


Good choice of rewards through points

Reviewed by Natalie


The rewards outweigh the high interest rate

Reviewed by Frederick


Increased annual fee

Reviewed by Owen


Convenience, rewards, and good service

Reviewed by Zaklina


Rates and Fees high, but customer service good

Reviewed by Cassie


Rewards OK, but fees make me look elsewhere

Reviewed by Michelle


Market average interest rate

Reviewed by Cassie


Never a drama

Reviewed by Elise


Security and support

Reviewed by Kishore


Long-term users seem to be forgotten

Reviewed by Diann


A backup to help me get through

Reviewed by Karen


Rewards offset annual fee and more, plus perks

Reviewed by Gabriel


Good rewards card if you pay it off every month

Reviewed by L


Can't get credit limit increased

Reviewed by Judie


I trust the Commonwealth Bank

Reviewed by Riani


Customer service explained everything

Reviewed by Stephanie


Great customer service but huge fees

Reviewed by Samantha


Good rates and low fees

Reviewed by Lewis


My first love

Reviewed by Freja


Good rewards for normal spending

Reviewed by Amelia


Quick and easy transfers

Reviewed by Maddy


I got a free flight with this card

Reviewed by Lucy


Activate travel insurance for each trip

Reviewed by Partha


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