CommBank Awards Credit Card
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CardIQ
Basic
Overall score, out of 100 · How this works
- Frequent flyer33
- Rewards36
- Velocity Points33
Customer reviews
Based on 127 reviews. We show 20 of them.
Most of the praise went to the interest rate and rewards, with fees the occasional sticking point.
Activate travel insurance for each trip
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.…
I got a free flight with this card
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…
Quick and easy transfers
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…
Good rewards for normal spending
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…
My first love
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
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…
Disappointed by high fees and low rewards
Yearly fees are high for a rewards card, and rewards are not that good. In fact, the only reward I have received was a fuel card when I first signed up. The good thing is that it can be used everywhere. Also, CBA does have overall good security on cards if something was to…
Rewards easy to convert to gift or retail cards
A great card. Rewards are easy to convert to gift cards or to use in store at Myer. It’s easy and convenient. Fees are reasonable. I have used this card for many years. It includes travel insurance etc. I’ve never had any issues. I always pay the balance off each month,…
Free travel insurance, easy-to-read statements
I like the fact that I pay no credit card fee because I have a home loan with the Commonwealth Bank. I get free travel insurance when I pay for my flights with the credit card. Interest rates are reasonable and as I always pay my bill before the due date I don’t pay any…
Pretty good rewards, great security and trust
I like the great flexibility of the awards program. I use this for the points and for a number of different things. I have bought Christmas presents with it along with flights, and have recently changed it over to Qantas Frequent Flyer points. I had my credit card stolen and…
Pros & cons
What's good
- Points transfer to Velocity Frequent Flyer.
- No fee to add an additional cardholder.
- Points don't expire while your account is open and in order.
Worth noting
- The $96 annual fee is high for a Standard card, where the typical fee is about $50.
- The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
- Earns 1 point per $1 on everyday spend, around the dataset average.
- The 1-point rate on everyday spend applies only to the first $2,000 spent each statement period, then drops to 0.5 points per $1.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Standard
- Card type
- Mastercard
- Card use
- Personal
- Credit limit
- $500 – $100,000
- Credit rating
- Good
- Rewards program
- CommBank Awards Program
Eligibility
- Instant approval
- Yes (response in ~60 seconds)
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- Not specified
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 21.99% p.a.
- Purchases
- 20.99% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- $96 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 3.5%
- Late payment fee
- $20
Repayments
- Interest-free period
- Up to 44 days on purchases
- Minimum repayment
- 2% of the closing balance or $25, whichever is greater
Balance transfers
This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
Earn rate
- Everyday spend
- 1 pt per $1 up to $2,000 per statement period
- Bonus categories
- None
- Other purchases
- None
- Overseas spend
- None
- ATO/government
- None
- Reduced rate above monthly cap
- 0.5 pts per $1 above $2,000 per statement period
- Points cap
- Uncapped
- Points expiry
- Points don't expire while your account is open and in order.
Sign-up bonus
- Bonus spend required
- —
- Sign-up bonus
- —
Transfer partners
- Velocity Frequent Flyer
- 5 pts → 2 pts (≈ 0.4 pts per $1)
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
Compare side by side
- CommBank Awards Credit CardvsAmerican Express Essential Rewards Credit Card
- CommBank Awards Credit CardvsAmerican Express Explorer Credit Card
- CommBank Awards Credit CardvsAmerican Express Platinum Card
- CommBank Awards Credit CardvsAmerican Express Platinum Edge Credit Card
- CommBank Awards Credit CardvsAmerican Express Velocity Escape Plus Card
- CommBank Awards Credit CardvsAmerican Express Velocity Platinum Card
- CommBank Awards Credit CardvsANZ First
- CommBank Awards Credit CardvsANZ Frequent Flyer Black
- CommBank Awards Credit CardvsANZ Frequent Flyer Platinum
- CommBank Awards Credit CardvsANZ Low Rate - Credit Back Offer
- CommBank Awards Credit CardvsANZ Platinum Credit Card
- CommBank Awards Credit CardvsANZ Rewards Black Credit Card
Browse by card type
Compare the CommBank Awards Credit Card against every other card in its category.
Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- Commonwealth Bank