Commonwealth Bank

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

Commonwealth Bank credit cards

CommBank Neo Interest-Free Credit Card

Not available for application via this website

CommBank Neo Interest-Free Credit Card

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Interest-free days

N/A

Annual fee

$0.00 p.a. ongoing

Details

  • Zero interest, zero late fees.
  • Three credit limit options: $1,000, $2,000, or $3,000.
  • Monthly fee remains straightforward: $15, $20, or $25, corresponding to your chosen credit limit.

Pros & cons

Pros
  • No interest, no late fees.
  • No foreign exchange or additional cardholder fees.
  • Cashback benefits for eligible cardholders.
  • Get exclusive access to travel bookings through the CommBank App.
  • Supports, Apple Pay, Beem, Google and Samsung Pay.
Cons
  • As expected for a Low rate card, there are no Awards points for this card.
  • Low credit limit.
  • No balance transfers.
  • Cash advances are blocked.
Commonwealth Bank Smart Awards Credit Card

Not available for application via this website

Commonwealth Bank Smart Awards Credit Card

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$228.00 p.a. ongoing

Details

  • Earn up to 80,000 CommBank Awards points or up to 50,000 Qantas Points. Receive 20,000 CommBank Awards points or 12,500 Qantas Points each month when you spend $1,500 or more per month for the first 4 months using your new Smart Awards credit card. Terms and Conditions apply.
  • Earn up to 1.5 Award Points per $1 on purchases at major supermarkets, department stores, petrol stations, dining, and utilities, up to $5,000 per statement period. After that, earn 1 point per $1 on all other purchases and 0.5 points per $1 once total spending exceeds $5,000 in a statement period.
  • Points Boost allows you to earn up to 2 Awards Points or 0.8 Qantas Points per $1 spent on your highest eligible purchase made in a statement period up to 1,000 Awards Points or 400 Qantas Points.
  • No international transaction fees for purchases you make overseas or online.
  • Comes with Complimentary International Travel Insurance. T&Cs apply.

Pros & cons

Pros
  • Earn up to 80,000 CommBank Awards points or up to 50,000 Qantas Points when you meet the criteria.
  • Earn unlimited Awards Points or Qantas Points each year.
  • Includes access to over 1,300 airport lounges via Mastercard Travel Pass by DragonPass.
  • Redeem your earned points instantly at Myer and Flight Centre.
  • Add an extra cardholder for free and boost your points-earning potential.
  • Includes Complimentary Purchase Security, Price Guarantee, and Extended Warranty insurance.
  • Eligible customers get complimentary access to book flights and hotels through Travel Booking (provided by Hopper).
  • Compatible with Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, and Samsung Pay.
Cons
  • You can opt-in to earn Qantas Points for an annual fee of $90.
  • No monthly fee if you spend at least $2,000 per statement period; otherwise, it's $19 per month or $228 per year.
  • Relatively high purchase interest rate and cash advance interest rate.
  • Get up to 44 days interest-free on purchases, which is shorter than some other cards.
Commonwealth Bank Awards Credit Card

Not available for application via this website

Commonwealth Bank Awards Credit Card

3.4

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$96.00 p.a. ongoing

Details

  • Earn 1 Awards Point per $1 on eligible purchases, up to $2,000 per statement period. After that, earn 0.5 points per $1 spent.
  • Points never expire, so you can redeem them anytime.
  • Add an extra cardholder for free and boost your points-earning potential.
  • Charges an $8 monthly fee, totaling $96 per year.

Pros & cons

Pros
  • Uncapped rewards points.
  • Redeem points for cashback, gift cards, or transfer points to over 10 airline partners, including Qantas and Velocity Frequent Flyer.
  • Redeem your earned points instantly at Myer and Flight Centre.
  • Includes Complimentary Purchase Security and Extended Warranty insurance.
  • Compatible with Apple Pay, Beem, Garmin Pay, Google Pay, and Samsung Pay.
Cons
  • Relatively high purchase interest rate and cash advance interest rate.
  • Get up to 44 days interest-free on purchases, which is shorter than some other cards.
  • There is a 3.5% international transaction fee.
Commonwealth Bank Low Fee Credit Card

Not available for application via this website

Commonwealth Bank Low Fee Credit Card

3.3

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$36.00 p.a. ongoing

Details

  • Earn up to $240 cashback. Receive $40 each month when you spend $500 or more per month for the first 6 months on your new Commonwealth Bank Low Fee Credit Card. Terms and Conditions apply.
  • No monthly fee if you spend at least $300 per statement period; otherwise, it's $3 per month.
  • Get up to 55 days interest-free on purchases.

Pros & cons

Pros
  • Earn up to $240 cashback when you meet the criteria.
  • Meet the monthly spend requirement to have the fee waived.
  • Comes with complimentary Purchase Security and Extended Warranty Insurance for added protection on eligible purchases.
  • Eligible customers get complimentary access to book flights and hotels through Travel Booking (provided by Hopper).
  • Compatible with Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, and Samsung Pay.
Cons
  • The ongoing interest rate is 20.99% p.a., which is standard for many credit cards.
  • There is no rewards program on this card.
  • No international travel insurance.

Commonwealth Bank Ultimate Awards Credit Card

Not available for application via this website

Commonwealth Bank Ultimate Awards Credit Card

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$420.00 p.a. ongoing

Details

  • Earn up to 100,000 CommBank Awards points or up to 70,000 Qantas Points. Receive 25,000 CommBank Awards points or 17,500 Qantas Points each month when you spend $3,000 or more per month for the first 4 months using your new Ultimate Awards credit card. Terms and Conditions apply.
  • Earn up to 3 Award Points per $1 on international transactions made in store and online, 2 Award Points per $1 on purchases at major supermarkets, department stores, petrol stations, dining, and utilities, up to $10,000 per statement period. After that, earn 1 point per $1 on all other purchases and 0.5 points per $1 once total spending exceeds $10,000 in a statement period.
  • No international transaction fees for purchases you make overseas or online.
  • Comes with Complimentary International Travel Insurance. T&Cs apply.

Pros & cons

Pros
  • Earn up to 100,000 CommBank Awards points or up to 70,000 Qantas Points when you meet the criteria.
  • Earn unlimited Awards Points or Qantas Points each year.
  • Includes access to over 1,300 airport lounges via Mastercard Travel Pass by DragonPass.
  • Redeem your earned points instantly at Myer and Flight Centre.
  • Add an extra cardholder for free and boost your points-earning potential.
  • Includes Complimentary Purchase Security, Price Guarantee, and Extended Warranty insurance.
  • Eligible customers get complimentary access to book flights and hotels through Travel Booking (provided by Hopper).
  • Compatible with Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, and Samsung Pay.
Cons
  • You can opt-in to earn Qantas Points for an annual fee of $90.
  • No monthly fee if you spend at least $4,000 per statement period; otherwise, it's $35 per month or $420 per year.
  • Relatively high purchase interest rate and cash advance interest rate.
  • Get up to 44 days interest-free on purchases, which is shorter than some other cards.
Commonwealth Bank Low Rate Credit Card

Not available for application via this website

Commonwealth Bank Low Rate Credit Card

3.2

Balance transfer

N/A

Purchase rate

From 10.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$72.00 p.a. ongoing

Details

  • Earn up to $450 cashback. Receive $75 each month when you spend $500 or more per month for the first 6 months on your new Commonwealth Bank Low Rate Credit Card. Terms and Conditions apply.
  • Get a personalised purchase interest rate upon approval, ranging from 10.99% p.a. to 15.99% p.a., subject to periodic review.
  • Charges a $6 monthly fee, adding up to $72 per year.

Pros & cons

Pros
  • Earn up to $450 cashback when you meet the criteria.
  • Your interest rate is personalised based on factors like your credit risk score and customer profile, with other considerations also applying.
  • Comes with complimentary Purchase Security and Extended Warranty Insurance for added protection on eligible purchases.
  • Eligible customers get complimentary access to book flights and hotels through Travel Booking (provided by Hopper).
  • Compatible with Apple Pay, Beem, Garmin Pay, Google Pay, and Samsung Pay.
Cons
  • No rewards program.
  • The cash advance rate is high at 21.99% p.a., so it's best to use for emergencies only.
  • There is a 3.5% international transaction fee.
Commonwealth Bank Business Platinum Awards Credit Card

Not available for application via this website

Commonwealth Bank Business Platinum Awards Credit Card

3.7

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$300.00 p.a. ongoing

Details

  • 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 & cons

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

Not available for application via this website

Commonwealth Bank Business Awards Credit Card

4.0

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$100.00 p.a. ongoing

Details

  • 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 & cons

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.

About CommonWealth Bank

The Commonwealth Bank, one of Australia's Big Four banks, is a major credit card issuer in Australia.

It offers a range of cards, from low rate and low fee options to rewards cards, business and corporate credit cards. Eligible cards also provide access to cashback offers through the complimentary CommBank Yello Cashback Offers program.

Types of Commonwealth Bank credit cards

  • Low interest rate credit cards: The CommBank Low Rate Credit Card offers a 13.99% p.a. interest rate for purchases. In comparison, the average standard credit card rate in Australia is currently 20.07% p.a. according to research of Reserve Bank of Australia (RBA) data.
  • Low fee credit cards: The CommBank Low Fee Credit Card charges a $3 monthly fee, totalling $36 annually. However, this fee is waived if you spend $300 per month.
  • Awards credit cards: CommBank Awards credit cards offer points for eligible spending, including everyday shopping, dining, and travel bookings. Points can be redeemed for rewards such as travel, cashback, and purchases with Myer and Flight Centre. You can also transfer points to partnered frequent flyer programs, including Velocity Frequent Flyer and Emirates Skywards.
  • Earning Qantas Points: With CommBank Smart Awards or Ultimate Awards credit cards, you can opt to earn Qantas Points instead of CommBank Awards points. This option costs $60 annually, and you must provide your Qantas Frequent Flyer membership details. Points are then automatically transferred to your frequent flyer account at regular intervals.
  • No interest credit card: The CommBank Neo Card charges no interest. Instead, it has a monthly fee of $15, $20, or $25 based on your credit limit. If you don't use the card or carry a balance, the monthly fee is waived. It also provides access to CommBank Yello Cashback Offers and can be used anywhere Mastercard is accepted.
  • Small business credit cards: CommBank offers a range of credit cards for small businesses and corporate credit cards, including low rate, interest-free days, and Awards options. The CommBank Neo Business Card charges no interest and instead has a monthly fee.

Benefits of Commonwealth Bank credit cards

  • CommBank Yello cashback offers: This complimentary loyalty program is available to anyone over 18 with the CommBank app and an eligible Mastercard credit or debit card. It provides cashback offers through the CommBank app, with a tracking tool to monitor your cashback earnings. Offers are personalised, but examples include spending $50 at Caltex to get $5 back or spending $100 at Myer to get $15 back. Cashback is credited within 5–14 business days upon meeting the offer requirements.
  • CommBank app: The app allows you to check account details and lock, block, and limit transactions. It also displays CommBank Yello Cashback Offers and other account information.
  • Mobile contactless payments: Commonwealth Bank credit cards support cardless payments with eligible smartphones and devices, including fitness trackers. Supported services include Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
  • Included travel insurance: New CommBank Smart Awards or Ultimate Awards credit cards provide access to international travel insurance provided by Cover-More on behalf of Zurich Australian Insurance Ltd. Emergency medical cover is included automatically when requirements are met, and additional cover can be activated through the CommBank app before travelling.

Help choosing a Commonwealth Bank credit card

Receive personalised 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.

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