Commonwealth Bank Awards Credit Card

On website

Commonwealth Bank Awards Credit Card

Balance transfer


Purchase rate

20.99% p.a. ongoing

Annual fee

$96.00 p.a. ongoing


  • 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


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


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

Our review


Customer service

Rates and fees



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.


Reviewed by Credit Card Compare Staff

User reviews


Customer service

Rates and fees



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


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


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


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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