Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

Commonwealth Bank Awards Credit Card

4 reviews

Apply by 31 October 2019

points over 12 months Calculate your savings icon

Earn rate per $1

1 point
16.77% Complete (success)
Commonwealth Bank Awards

Bonus points

30,000 points
30,000% Complete (success)

Annual fee

$59
p.a.
59% Complete (success)

Pros

30,000 Bonus Awards Points when you apply by 31 October 2019 and spend $2,000 on eligible purchases with your new card by 31 January 2020

Minimum credit limit of $500

Ability to earn Qantas points instead of Awards points

Cons

No international travel or shopping insurance

Points earning capped at 50,000 Awards points per year (30,000 points per year if you have opted-in to Qantas Frequent Flyer Direct)

Commonwealth Bank Awards Credit Card

With the Commonwealth Bank Awards credit card you earn 1 Award points per $1 spent with your Mastercard. For an annual fee of $30, you can choose to earn Qantas Frequent Flyer points instead of Awards points.

Key features

  • 30,000 Bonus Awards Points when you apply by 31 October 2019 and spend $2,000 on eligible purchases with your new card by 31 January 2020
  • Earn 1 Awards points for every $1 spent on Mastercard
  • Earn up to 50,000 points a year
  • $59 annual fee
  • 5.99% on balance transfers for the first 5 months (reverts to cash advance rate)
  • Up to 55 days interest free on purchases
75% of customers who have rated this card would recommend it
  • Rates
    19%
  • Fees
    44%
  • Rewards
    54%
  • Customer Service
    50%
  • Value
    42%
Overall user rating 42%
4 reviews

0% Visitor

I\'ve got one of these but the points cap sux

Does not recommend this card

66% Christine Torris

Good purchase offer – 5 months 0%, but high purchase rate after that. Okay as long as you don’t let your bill carry over on a month. Awards on this card are pretty good and you can earn points easily – more on the Amex. Annual fee is okay but don’t expect a heap of extras.

Recommends this card

Interest Rates
Purchase rate 20.24% p.a.
Cash advance rate 21.24% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 5.99% p.a. for 5 months
Balance transfer fee No fee
Balance transfer revert rate 21.24% p.a.
Balance transfer limit 100% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from Commonwealth Bank
Credit limits
Minimum credit limit $500
Maximum credit limit $50,000
Fees & repayments
Annual fee $59 p.a.
Additional cardholder fee $10 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment $25 or 2%
Late payment fee $20
Credit card type Mastercard
Rewards program
Rewards program Commonwealth Bank Awards Commonwealth Bank Awards
Bonus points 30,000 CBA Awards points
Annual points cap 50,000
Bonus points spend criteria Spend $2,000 by 31 January 2020
Earning points with this card
CBA Awards points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Eligible with Apple Pay

The Commonwealth Bank Awards Credit Card

Providing entry-level access to CommBank’s flexible rewards program, the Commonwealth Bank Awards Credit Card makes it easy to earn rewards on everyday card spending. With a focus on rewards, this card keeps other features fairly basic, providing access to functional budgeting tools that can track spending, while helping cardholders keep more control over their finances.

What we love...

Offering access to the “largest rewards program of any bank in Australia”, the Commonwealth Bank Awards Credit Card is an entry-level rewards card that allows cardholders to get something back on their day-to-day card spending.

Now that CommBank has removed the higher-earning American Express companion card (from 1 November 2018), the Commonwealth Bank Awards Credit Card has one earn rate across all purchases. That means you will earn 1 Awards point for every $1 you spend on the card, allowing you to earn up to an overall limit of 50,000 points within a year. There is no expiry on points earned.

To boost your points-earning potential, you can use your card with the program’s partners to earn additional points on your purchases. As for points redemption, you can redeem your points instore at Myer or at Flight Centre, swapping your points for a new pair of shoes or a flight to Vegas. Alternatively, you could redeem your points on the Awards site, with more that 1,000 options to choose from, including gift cards, tech and homewares.

The program makes it easy to check or redeem points, using NetBank or the CommBank app. If you find you don’t have enough points to get the reward you want, you can use Points Plus Pay, which allows you to use the Awards points you have now, and pay the remainder on your Commonwealth Bank Awards Credit Card.

Want to earn on the Qantas program instead? This card allows you to opt in to Qantas for an additional $30 per year. Once you’ve opted in, all points you earn on the card will be automatically converted to Qantas Points and transferred monthly to your Qantas Frequent Flyer account. Bear in mind, if you’re not yet a Qantas Frequent Flyer member, you may need to pay to join.

What’s not so great...

As with most rewards cards, the Commonwealth Bank Awards Credit Card has a high purchase rate and cash advance rate. If you want to retain any value from the rewards you earn on the card, you will need to clear the balance by the due date each month to avoid interest accruing.

Aside from that, you should know that this card is not abundant in features. It offers you the opportunity to earn rewards, but that’s about it. If you want a card with more features, you may want to check out the Platinum or Diamond options from CommBank, but be aware, you will pay more in annual fees for these cards.

Why should you choose this card?

As a basic rewards card, the Commonwealth Bank Awards Credit Card could be the ideal option for cardholders who are new to rewards, or anyone who simply wants a rewards card with no complicated features on the side.

With a fairly low annual fee, the card makes it easy to get value back on any rewards earned. But, if you choose to add any additional cardholders to the account, this comes at a cost of $10 per cardholder per year. While additional cardholders can help you earn points faster, weigh up the added value of the points they earn against that additional cardholder fee.

In terms of extras, you can save on interest with up to 55 days interest free on purchases, while enjoying access to Priceless Cities offers and experiences. You can benefit from more control over your finances by setting a Spending Cap, or instantly locking, blocking or limiting your card as needed. Meanwhile, Spending Tracker & Insights can assist with budgeting.

Overall Rating

As a basic rewards card, the Commonwealth Bank Awards Credit Card offers a straightforward earn rate capped at 50,000 Awards points per year, and access to a flexible rewards program with the option to opt in to Qantas Frequent Flyer.

8 questions (showing the latest 10 Q&As)

leslie

leslie

3 May 2019
i would like to transfer points
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2019
    Hi Leslie, You can now view and redeem your CommBank Awards points through the CommBank app. So it might be worth downloading that. Otherwise if you log into netbank you will be able to access the rewards program. There you can transfer points.
Rob McUtchen

Rob McUtchen

26 April 2018
does my visa card offer cover for excess when hiring a car?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 April 2018
    Hi Rob, there is no travel insurance with this Commbank credit card. If this is a feature you are interested in, then I suggest that you look at other cards available. If you would like some suggestions just let me know.
robert grainger

robert grainger

27 October 2017
how do I redeem my award points
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 October 2017
    You can redeem your CommBank Awards points in-store at Myer and Flight Centre, via the CommBank Awards website (accessible through NetBank or the CommBank app) or over the telephone. Here’s how: In-Store - Pay with points instantly in-store at Myer and Flight Centre. Via NetBank- Log on to NetBank and click on the Awards icon next to your credit card account. You’ll be directed to your profile on the CommBank Awards website. Here you can see your Awards Points balance, account history and redeem your points. Online via the CommBank app - Log on to the CommBank app and select the Cards icon. Scroll to your Awards credit card and then tap on the 'View CommBank Awards' link. You’ll be directed to your profile on the CommBank Awards website. Here you can see your Awards Points balance, account history and redeem your points. Call Commbank - You can call our Awards Centre on 13 1661 between 8am and 8pm weekdays (Sydney/Melbourne time).
Lynne Stuart

Lynne Stuart

21 August 2017
what income is required for this card. I have excellent credit references but low income.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 August 2017
    Hi Lynne, I don't think they have a set minimum income. If you have good credit and at least 15k a year minimum, then I would say you could have a go.
Carol Williams

Carol Williams

8 June 2017
what is classified as a department store for higher points merchants. Is there a list?
Adrianna

Adrianna

21 May 2017
Can visa subclass 485 apply for this credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 May 2017
    Hi Adrianna, I believe you can but there will be a range of other requirements that will need to be met to be approved.
zhen chai

zhen chai

14 May 2014
Is there any relationship between this award card and commonwealth student credit card? Is there any method to wave annual fees of this card? Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2014
    Hi Zhen, the CommBank student low rate card has no annual fee for as long as you are a full time student. There is no way to waive the annual fee, however if you hold a qualifying Commonwealth Bank account or loan when you apply for an Awards, Gold Awards, Platinum or Diamond Awards account, they’ll discount your annual fee each year by $30.
Robert Martin

Robert Martin

7 May 2014
What is the interest rate after the introductory period?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2014
    Hi Robert, the interest rate on purchases after the initial 0% interest period will be their standard variable purchase rate. The current standard variable rate on purchases is 20.24% p.a. which you will be able to find if you click on 'Rates & Fees' on the side bar on their page and then click on the relevant credit card.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia. Temporary residents are eligible.
  • You have your personal details ready to complete the online application
Commonwealth Bank Awards Credit Card
Commonwealth Bank Awards Credit Card

Commonwealth Bank Credit Cards

Commonwealth Bank Awards Credit Card

Updated 31 July 2019

Apply by 31 October 2019

Points Earn Rate (per $1 spent)

1

point

CBA Awards

Rewards Program

Commonwealth Bank Awards

Bonus Points

30,000 pts

Spend $2,000 by 31 January 2020

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 30,000 Bonus Awards Points when you apply by 31 October 2019 and spend $2,000 on eligible purchases with your new card by 31 January 2020
  • Minimum credit limit of $500
  • Ability to earn Qantas points instead of Awards points

  • No international travel or shopping insurance
  • Points earning capped at 50,000 Awards points per year (30,000 points per year if you have opted-in to Qantas Frequent Flyer Direct)

Creditcard.com.au review

Editor Review

The Commonwealth Bank Awards Credit Card

Providing entry-level access to CommBank’s flexible rewards program, the Commonwealth Bank Awards Credit Card makes it easy to earn rewards on everyday card spending. With a focus on rewards, this card keeps other features fairly basic, providing access to functional budgeting tools that can track spending, while helping cardholders keep more control over their finances.

What we love...

Offering access to the “largest rewards program of any bank in Australia”, the Commonwealth Bank Awards Credit Card is an entry-level rewards card that allows cardholders to get something back on their day-to-day card spending.

Now that CommBank has removed the higher-earning American Express companion card (from 1 November 2018), the Commonwealth Bank Awards Credit Card has one earn rate across all purchases. That means you will earn 1 Awards point for every $1 you spend on the card, allowing you to earn up to an overall limit of 50,000 points within a year. There is no expiry on points earned.

To boost your points-earning potential, you can use your card with the program’s partners to earn additional points on your purchases. As for points redemption, you can redeem your points instore at Myer or at Flight Centre, swapping your points for a new pair of shoes or a flight to Vegas. Alternatively, you could redeem your points on the Awards site, with more that 1,000 options to choose from, including gift cards, tech and homewares.

The program makes it easy to check or redeem points, using NetBank or the CommBank app. If you find you don’t have enough points to get the reward you want, you can use Points Plus Pay, which allows you to use the Awards points you have now, and pay the remainder on your Commonwealth Bank Awards Credit Card.

Want to earn on the Qantas program instead? This card allows you to opt in to Qantas for an additional $30 per year. Once you’ve opted in, all points you earn on the card will be automatically converted to Qantas Points and transferred monthly to your Qantas Frequent Flyer account. Bear in mind, if you’re not yet a Qantas Frequent Flyer member, you may need to pay to join.

What’s not so great...

As with most rewards cards, the Commonwealth Bank Awards Credit Card has a high purchase rate and cash advance rate. If you want to retain any value from the rewards you earn on the card, you will need to clear the balance by the due date each month to avoid interest accruing.

Aside from that, you should know that this card is not abundant in features. It offers you the opportunity to earn rewards, but that’s about it. If you want a card with more features, you may want to check out the Platinum or Diamond options from CommBank, but be aware, you will pay more in annual fees for these cards.

Why should you choose this card?

As a basic rewards card, the Commonwealth Bank Awards Credit Card could be the ideal option for cardholders who are new to rewards, or anyone who simply wants a rewards card with no complicated features on the side.

With a fairly low annual fee, the card makes it easy to get value back on any rewards earned. But, if you choose to add any additional cardholders to the account, this comes at a cost of $10 per cardholder per year. While additional cardholders can help you earn points faster, weigh up the added value of the points they earn against that additional cardholder fee.

In terms of extras, you can save on interest with up to 55 days interest free on purchases, while enjoying access to Priceless Cities offers and experiences. You can benefit from more control over your finances by setting a Spending Cap, or instantly locking, blocking or limiting your card as needed. Meanwhile, Spending Tracker & Insights can assist with budgeting.

Overall Rating

As a basic rewards card, the Commonwealth Bank Awards Credit Card offers a straightforward earn rate capped at 50,000 Awards points per year, and access to a flexible rewards program with the option to opt in to Qantas Frequent Flyer.

User reviews

Commonwealth Bank Awards Credit Card ( based on 4 Creditcard.com.au user reviews )

42% rating based on 4 reviews

Rates
Fees
Rewards
Customer Service
Value
0%

Creditcard.com.au Visitor

28 January 2013

I\'ve got one of these but the points cap sux

Does not recommend this card
66%

Christine Torris

28 January 2013

Good purchase offer – 5 months 0%, but high purchase rate after that. Okay as long as you don’t let your bill carry over on a month. Awards on this card are pretty good and you can earn points easily – more on the Amex. Annual fee is okay but don’t expect a heap of extras.

Recommends this card

Rates and fees

Interest rates

Purchase rate 20.24% p.a.

Cash advance rate 21.24% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 5.99% p.a. for 5 months

Balance transfer revert rate 21.24% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit 100% of approved credit limit

Banks you can't balance transfer from Commonwealth Bank

Credit limits

Minimum credit limt $500

Maximum credit limit $50,000

Fees & repayments

Annual fee $59 p.a.

Additional card holder fee $10 p.a.

Foreign transaction fee 3%

Minimum repayment $25 or 2%

Cash advance fee 2%

Late payment fee $20

Rewards and points

Rewards program

Rewards Program Commonwealth Bank Awards Commonwealth Bank Awards

Bonus points 30,000 CBA Awards points

Annual points cap 50,000

Bonus points spend criteria Spend $2,000 by 31 January 2020

Earning points with this card

CBA Awards pointsCBA Awards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Eligible with Apple Pay

Overview

Commonwealth Bank Awards Credit Card

With the Commonwealth Bank Awards credit card you earn 1 Award points per $1 spent with your Mastercard. For an annual fee of $30, you can choose to earn Qantas Frequent Flyer points instead of Awards points.

Key features

  • 30,000 Bonus Awards Points when you apply by 31 October 2019 and spend $2,000 on eligible purchases with your new card by 31 January 2020
  • Earn 1 Awards points for every $1 spent on Mastercard
  • Earn up to 50,000 points a year
  • $59 annual fee
  • 5.99% on balance transfers for the first 5 months (reverts to cash advance rate)
  • Up to 55 days interest free on purchases

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

8 questions (showing the latest 10 Q&As)

leslie

leslie

3 May 2019
i would like to transfer points
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2019
    Hi Leslie, You can now view and redeem your CommBank Awards points through the CommBank app. So it might be worth downloading that. Otherwise if you log into netbank you will be able to access the rewards program. There you can transfer points.
Rob McUtchen

Rob McUtchen

26 April 2018
does my visa card offer cover for excess when hiring a car?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 April 2018
    Hi Rob, there is no travel insurance with this Commbank credit card. If this is a feature you are interested in, then I suggest that you look at other cards available. If you would like some suggestions just let me know.
robert grainger

robert grainger

27 October 2017
how do I redeem my award points
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 October 2017
    You can redeem your CommBank Awards points in-store at Myer and Flight Centre, via the CommBank Awards website (accessible through NetBank or the CommBank app) or over the telephone. Here’s how: In-Store - Pay with points instantly in-store at Myer and Flight Centre. Via NetBank- Log on to NetBank and click on the Awards icon next to your credit card account. You’ll be directed to your profile on the CommBank Awards website. Here you can see your Awards Points balance, account history and redeem your points. Online via the CommBank app - Log on to the CommBank app and select the Cards icon. Scroll to your Awards credit card and then tap on the 'View CommBank Awards' link. You’ll be directed to your profile on the CommBank Awards website. Here you can see your Awards Points balance, account history and redeem your points. Call Commbank - You can call our Awards Centre on 13 1661 between 8am and 8pm weekdays (Sydney/Melbourne time).
Lynne Stuart

Lynne Stuart

21 August 2017
what income is required for this card. I have excellent credit references but low income.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 August 2017
    Hi Lynne, I don't think they have a set minimum income. If you have good credit and at least 15k a year minimum, then I would say you could have a go.
Carol Williams

Carol Williams

8 June 2017
what is classified as a department store for higher points merchants. Is there a list?
Adrianna

Adrianna

21 May 2017
Can visa subclass 485 apply for this credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 May 2017
    Hi Adrianna, I believe you can but there will be a range of other requirements that will need to be met to be approved.
zhen chai

zhen chai

14 May 2014
Is there any relationship between this award card and commonwealth student credit card? Is there any method to wave annual fees of this card? Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2014
    Hi Zhen, the CommBank student low rate card has no annual fee for as long as you are a full time student. There is no way to waive the annual fee, however if you hold a qualifying Commonwealth Bank account or loan when you apply for an Awards, Gold Awards, Platinum or Diamond Awards account, they’ll discount your annual fee each year by $30.
Robert Martin

Robert Martin

7 May 2014
What is the interest rate after the introductory period?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2014
    Hi Robert, the interest rate on purchases after the initial 0% interest period will be their standard variable purchase rate. The current standard variable rate on purchases is 20.24% p.a. which you will be able to find if you click on 'Rates & Fees' on the side bar on their page and then click on the relevant credit card.

Similar Credit Cards

31 reviews

Apply by 31 Aug 19

More info
points earned over 12 months
1 point
16.77% Complete (success)
Velocity Frequent Flyer
90,000
points
16.77% Complete (success)
Velocity Frequent Flyer
$289
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

6 reviews
More info
points earned over 12 months
0.5 points
16.77% Complete (success)
Qantas Frequent Flyer
25,000
points
16.77% Complete (success)
Qantas Frequent Flyer
$95
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

4 reviews
More info
points earned over 12 months
0.75 points
16.77% Complete (success)
Qantas Frequent Flyer
50,000
points
16.77% Complete (success)
Qantas Frequent Flyer
$295
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.