CommBank Ultimate Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

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The Big Review: CommBank Ultimate Credit Card

As an everyday earner, the CommBank Ultimate Credit Card earns 0.5 to 1.5 CommBank Yello points per $1 depending on your Yello tier (2 points per $1 on international transactions), with no monthly fee as long as you spend at least $4,000 each statement period until 1 January 2027. In terms of extras, these focus on travel, with included overseas travel insurance, 2 complimentary airport lounge passes a year via Mastercard Travel Pass provided by DragonPass, and no international transaction fees.

• Earn up to 100,000 CommBank Yello points and up to $600 in travel credits: spend $9,000 on eligible purchases in the first 90 days to get 50,000 points and $300 in travel credits, then another 50,000 points on your 12-month anniversary
• Earn 0.5 to 1.5 CommBank Yello points per $1 depending on your Yello tier, and 2 points per $1 on international transactions
• Earn unlimited CommBank Yello points each year
• No international transaction fees
• International travel insurance included
• 2 complimentary lounge passes a year via Mastercard Travel Pass provided by DragonPass
• Offers from Mastercard Traveler Rewards & Priceless.com

• No monthly fee as long as you spend at least $4,000 on your card each statement period (waiver ends 1 January 2027)
• Otherwise the monthly fee is $35
• No additional cardholder fee
• Up to 44 days interest free on purchases

This Card: The Lowdown

Designed to appeal to those with a monthly spend in the range of $4,000 to $10,000, this offering from CommBank is an everyday earner with some nice extras on the side. In terms of rewards, the card earns CommBank Yello points, which you can redeem or transfer through CommBank Yello, with a Qantas Frequent Flyer opt-in available via the Yello Hub from 1 October 2026.

What of those features then? Frequent travelers may appreciate the card’s included overseas travel insurance (when you spend $500+ on prepaid travel and activate before you travel), its 2 complimentary airport lounge passes a year, no international transaction fee, plus monthly travel, dining and DoorDash credits. But, while these extras could be handy, are they really enough on a card with a potential annual fee of $420?

Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the CommBank Ultimate Credit Card, so you can decide whether this card is right for you.

This Card: As a Rewards Card

Above all else, the CommBank Ultimate Credit Card is a rewards card. So let’s see what it has to offer.

Considering the fact that this card would be best suited to those who spend at least $4,000 each month on their card (thereby ensuring they pay no monthly fee). Just make sure you clear your balance each month before it starts accruing interest.

Everyday Earning

Since 29 September 2026, this card earns CommBank Yello points instead of CommBank Awards points. How many points you earn depends on your CommBank Yello tier:

• 20.5 to 21.5 points per $1 on hotel and car rental bookings made through Travel Booking in the CommBank app (1 October 2026 to 30 September 2027)
• 10.5 to 11.5 points per $1 on flight bookings made through Travel Booking in the CommBank app (1 October 2026 to 30 September 2027)
• 1.5 to 6.5 points per $1 when dining out using Dine In Deals in the CommBank app
• 2 points per $1 on international transactions made in store and online
• 1.5 points (Yello Diamond), 1 point (Yello Gold), 0.75 points (Yello Plus) or 0.5 points (Yello) per $1 on all other eligible purchases

There’s no cap on the total number of points you can earn. You’ll need to meet the CommBank Yello eligibility criteria to earn points.

It’s also worth noting that the CommBank Ultimate Credit Card doesn’t charge an international transaction fee, so there are no international transaction fees on spending made overseas or online using the card.

What about Qantas Points?

From 1 October 2026, Ultimate cardholders can opt in to Qantas Frequent Flyer through the CBA Yello Hub in the CommBank app or NetBank (under ‘ways to redeem’).

Points Redemption

The CommBank Awards program closed on 29 September 2026. From 1 October 2026, you can redeem or transfer your CommBank Yello points, access offers and enjoy perks through CommBank Yello in the CommBank app.

This Card: As a Travel Rewards Card

As you would expect from a card with ‘Ultimate’ in its name, the CommBank Ultimate Credit Card has a few extras up its sleeve. Let’s check out its travel extras first.

Included Insurances

The card includes international travel insurance, underwritten by Allied World Assurance Company. To be covered, you need to spend at least $500 in a single transaction on prepaid travel using your card and activate the cover before you travel.

You also get cracked screen cover of up to $1,000.

Lounge Access

Cardholders get 2 complimentary airport lounge passes a year to over 1,300 lounges around the world with Mastercard Travel Pass provided by DragonPass. You can also enjoy selected offers on airport dining and spas.

To make use of this feature, you need to register the card on the Mastercard Travel Pass app or visit their website to generate a membership QR code and present this together with your boarding pass to validate your access. These complimentary lounge visits can be used by either the primary cardholder or a guest, but the guest must always be accompanied by the primary cardholder and cannot use the access independently.

No International Transaction Fees

For those who travel overseas frequently or shop online at overseas retailers, this feature could be a real winner. Using the CommBank Ultimate Credit Card, you will pay no international transaction fees on purchases made in currencies other than AUD.

This Card: Extras on Offer

Anything else worth mentioning? Let’s have a quick look at the card’s remaining features.

• Dining and delivery perks: Get a $10 monthly Dine In Deals credit, complimentary DashPass membership with DoorDash (valued at $120) and a $10 monthly DoorDash credit.
• Travel credits: Get a $25 monthly travel credit (up to $300 a year) to use on Travel Booking in the CommBank app.
• Accessibility: The Touch Card^TM feature by Mastercard, with its unique squared tactile notch, is designed help customers who are blind or who have low vision to identify their cards with just a touch.
• Card Controls: You can instantly lock, block or limit your card for extra control through the CommBank app or NetBank. You can also set a spending cap to manage your spending, set up an installment plan to manage your repayments, or use Spending Tracker & Insights to find out more about your spending habits.
• Security: Like most credit cards on the market right now, the CommBank Ultimate Credit Card offers all the security basics, including protection against fraud and other unauthorised transactions with Mastercard Zero Liability, and 24/7 emergency overseas assistance if you lose your card with Mastercard Global Service.
• Tech Compatibility: Making digital payments a breeze, the card offers compatibility with Apple Pay, Google Pay and, Samsung Pay.

This Card: The Essentials

So, what else do you need to think about before you make your decision? One of the most important factors will likely be that monthly fee. As standard, the card charges $35 per month, which doesn’t sound much on a per-month basis, but adds up to $420 per year. This is a large annual fee given the card’s limited features.

If you want to make this card work for you, it would be best to make that $4,000 spend each month to avoid paying monthly fees. Note that CommBank is removing this waiver from 1 January 2027, after which the $35 monthly fee applies regardless of spend. However, you would also need to make sure you pay off your spending each month, as the card’s purchase rate certainly isn’t low. This is par for the course with rewards cards though – if you can’t clear your balance, you’d be better off with a low rate option.

What is nice to see is that there is no additional cardholder fee if you choose to share your card with someone else. This could help boost your points earning to make the most of the rewards on offer.

Decision Time

Is this the card for you? If you spend enough on the card to ensure you pay no monthly fees – and can afford to pay off that spending before it accrues interest – it could be a worthy option to have in your wallet. You will have to make sure CommBank Yello works for you – and be sure to read the small print to make the most of the features on offer.