Commonwealth Bank Credit Cards

28 February 2019

Commonwealth Bank – also known as CBA or CommBank – is one of Australia’s Big Four banks. As one of the largest and best-known banks in the country, it is a popular choice for customers looking for credit cards and bank accounts, home loans and personal loans, insurance and superannuation.

In terms of credit cards, it offers a full suite of options, from low fee and low rate cards, to rewards cards and cards offering prestige perks.

Commonwealth Bank Essentials Credit Card

Commonwealth Bank Essentials Credit Card

1 review
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Commonwealth Bank Low Fee Gold Credit Card

Commonwealth Bank Low Fee Gold Credit Card

2 reviews
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Commonwealth Bank Low Rate Gold Credit Card

Commonwealth Bank Low Rate Gold Credit Card

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Commonwealth Bank Low Rate Credit Card

Commonwealth Bank Low Rate Credit Card

35 reviews
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Commonwealth Bank Low Fee Credit Card

Commonwealth Bank Low Fee Credit Card

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1 review
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points earned over 12 months
1 point
16.77% Complete (success)
Commonwealth Bank Awards
N/A
-1% Complete (success)
Commonwealth Bank Awards
$100
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
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1 review
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points earned over 12 months
1.25 points
16.77% Complete (success)
Commonwealth Bank Awards
N/A
-1% Complete (success)
Commonwealth Bank Awards
$349
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

6 reviews
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points earned over 12 months
1 point
16.77% Complete (success)
Commonwealth Bank Awards
N/A
-1% Complete (success)
Commonwealth Bank Awards
$249
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
1 point
16.77% Complete (success)
Commonwealth Bank Awards
N/A
-1% Complete (success)
Commonwealth Bank Awards
$59
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

Commonwealth Bank of Australia

With a long history that spans more than a century, CommBank has seen a lot over the years. As a multinational bank, CommBank has businesses across Asia, New Zealand, the United States and the United Kingdom, and as of 2018, it just so happens to now be the largest bank in the Southern Hemisphere.

Here in Australia, the bank provides a wide range of services, including retail, business and institutional banking, superannuation and insurance. Under its umbrella are brands such as Bankwest, Colonial First State Investments, Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure).

But what about credit cards? One reason why so many people choose big banks like CommBank is their range of products. Unlike some smaller providers, CommBank has the capacity to provide an extensive selection of credit cards, including low fee and low rate cards, rewards cards and cards with features and extras.

CommBank Credit Cards

Choosing between the various CommBank credit cards on offer means knowing what’s available and understanding what each option can offer you.

Low Rate Credit Cards

Commonwealth Bank has several low rate credit card options, ranging from basic to gold card status. Providing no frills, the Commonwealth Bank Essentials Credit Card can offer a great way for cardholders to save money on their credit card, while keeping interest costs as low as possible.

As its name suggests, this card keeps strictly to the ‘essentials’, with few features on offer. Cardholders can save on their annual fee (paid monthly), by setting up automatic repayments and cutting the amount paid in monthly fees by more than half. It also has a low maximum credit limit and CommBank’s lowest purchase rate, with no cash advance feature available.

Next up on the CommBank credit card ladder is the Commonwealth Bank Low Rate Credit Card. While this has a slightly higher purchase rate, it still has an affordable annual fee, and provides cardholder with a few handy features to play with.

For a more substantial annual fee, the Commonwealth Bank Low Rate Gold Card, provides a few more features. What this card focuses on though, is providing a low purchase rate, helping cardholders to save on interest if they happen to carry a balance.

Low Fee Credit Cards

Within its suite of credit cards, CommBank has two low fee options. The Commonwealth Bank Low Fee Credit Card is the bank’s standard low fee card, offering a nice low annual fee ongoing, with the opportunity to reduce it to $0 when cardholders spend a certain amount within each year.

As features are somewhat limited on the standard low fee option, CommBank offers a few more extras on the Commonwealth Bank Low Fee Gold Credit Card. Providing a selection of gold perks, the card still keeps its focus on its low fee, allowing cardholders to save year-to-year.

Rewards Credit Cards

Having streamlined its selection of credit cards, CommBank no longer has a gold rewards card. However, it does have an entry-level rewards card, a platinum rewards card, and a diamond rewards card. For business customers, there is a business rewards card.

Providing entry-level rewards, the Commonwealth Bank Awards Credit Card keeps it simple, allowing cardholders to earn rewards on card spending up to a certain cap each year. The Commonwealth Bank Platinum Awards Credit Card offers a higher points cap, with the same points earn, throwing some platinum perks into the mix.

Moving up to diamond status, the Commonwealth Bank Diamond Awards Credit Card provides a higher earn rate, a much higher points cap, and pretty much the same range of prestige perks offered on the platinum card.

Designed to offer rewards on business spending, the Commonwealth Bank Business Awards Credit Card allows cardholders to get something back on their business expenses, while offering a number of handy extras.

Prestige Credit Cards

Prestige credit cards are generally thought of as any type of credit card that offers perks and privileges. Whether it’s a gold card, platinum card, diamond card or black card, these credit cards generally charge higher annual fees in return for providing a higher rewards points earn and exclusive features.

CommBank has several prestige cards across various categories, as we’ve already mentioned. There are the gold low fee and low rate options, and the platinum and diamond rewards cards. As you would expect, these cards provide a little extra on top of whatever the basic version of the card provides, offering features such as insurance covers and more points per dollar.

Business Credit Cards

While most of CommBank’s credit cards focus on personal spending, the Commonwealth Bank Business Awards Credit Card lets business owners get something back on their business spending. Cardholders can earn rewards on their card spend, while also taking advantage of business tools, and up to 55 days interest free on purchases to help extend cashflow.

Comparing CommBank Credit Cards

Before you apply for a CommBank credit card, you obviously need to compare the options. Having a good comprehension of what each CommBank credit card has to offer is not enough. Choosing the right option means understanding why each of those features is important and what it could offer to each individual cardholder.

If you’re looking for a basic, low cost card

Not everyone needs all-singing, all-dancing credit cards. Or perhaps, more importantly, not everyone can afford them. Credit cards that are packed with features and cards that earn rewards generally charge more in annual fees and interest.

If you don’t need these features – or you simply don’t want to pay for them – a basic, no frills card could be the way to go.

The Commonwealth Bank Essentials Credit Card could help you save on both interest and annual (monthly) fees. While it may not offer much in the way of features, it is designed to appeal to cardholders who want to keep it simple, while keeping costs as low as possible.

If you want to save money on fees

Why might you choose a low fee card? One of the main reasons for choosing a credit card with a low annual fee is, of course, to save money. These cards charge lower annual fees, and in general, offer fewer features than their cousins with higher annual fees.

A card with a low annual fee, such as the Commonwealth Bank Low Fee Credit Card or Commonwealth Bank Low Fee Gold Credit Card, could be the perfect option for someone who doesn’t want to pay out too much on their card year-to-year.

Again, this kind of card works well for those who want to keep features simple – although CommBank’s low fee gold card does offer some extras – with a focus on low fees. It should be noted that with their higher interest rates, it’s best not to carry a balance on these cards.

If you’re looking to save on interest

If you tend to carry a balance on your credit card, interest charges can really stack up. Some credit cards have interest rates topping 20% p.a., and for those who carry a balance here, it can make it difficult to pay off the total balance, as interest keeps on accruing.

By choosing a low rate card, such as the Commonwealth Bank Low Rate Credit Card or the Commonwealth Bank Low Rate Gold Credit Card, you could benefit from interest accruing at a lower rate when you don’t manage to clear your balance month-to-month.

With CommBank’s lowest purchase rate, the Commonwealth Bank Essentials Credit Card could help you save even more on interest, but be aware, it has a low maximum credit limit. If you’re new to credit cards or you want to limit your spending, this card could be worth looking in to.

If you want to earn rewards

Rewards cards work well for cardholders who want to earn something back on their credit card spending. While they tend to provide better value to big spenders, there are entry-level rewards cards, such as the Commonwealth Bank Awards Credit Card, that are designed for lower level spending.

Each of CommBank’s rewards cards earn rewards points on CommBank’s own Awards program. Offering a flexible way to earn and redeem rewards, this program could be a great alternative to cards that only earn shopping rewards, or Qantas or Velocity Points.

On the Awards program, you will earn points on your card spending, at a rate determined by the card you’re using. Points can then be redeemed within the online Awards Store for gift cards and merchandise, or converted to frequent flyer points with Awards’ partner airlines.

If you want to find out more about the Awards program, check out our reviews on the Commonwealth Bank Platinum Awards Credit Card and the Commonwealth Bank Diamond Awards Credit Card.

If you want to enjoy some extras

Some credit cards are simply packed with extras. These can include travel credit, airport lounge access and airport limo service, hotel stays and luxury hotel membership perks, insurance covers and personal concierge services.

While these can sound incredible, it’s worth bearing in mind that they are generally not offered without a cost. The more features on offer, the higher the annual fee and interest tend to be. So, if you want these extras, it’s a good idea to work out how much value you get from them.

If you pay less in annual fees than the value of features you get in return, they may be worthwhile. The same rule applies to rewards. Rewards cards tend to have higher annual fees, so it may be worth considering the value of rewards you receive, to weigh that against the card’s annual fee.

In terms of extras offered on CommBank’s credit cards, they focus mostly on included insurances. These can help cardholders save time and hassle on buying standalone insurance, but it’s important to read the PDS to find out what’s covered.

CommBank Introductory Offers

Credit card providers introduce introductory offers on their credit cards to entice new cardholders to sign up. While this can work to your advantage, introductory offers are always changing, so you need to know what to look out for – and why each one may work for you.

Balance Transfer Offers

With a balance transfer offer, you will pay low or no interest on your transferred balance over an introductory period. This can help you pay off any existing credit card debt sooner, while paying less in interest. Be aware of any balance transfer fees, and what rate unpaid transferred balances attract when the intro period ends.

Bonus Rewards Points Offers

Crediting new cardholders with bonus rewards points, bonus points offers can provide a great boost to your points balance. To reveal the value in these offers, check whether a minimum spend is required to be eligible, and look at what the points equate to in terms of travel or gift cards.

Purchase Offers

With a 0% p.a. purchase offer, you will pay no interest on your purchases throughout the introductory period. This could offer a great way to cover large purchases such as a holiday or big ticket electronic items, allowing you to spread the cost over a number of months, interest-free. Check the card’s standard purchase rate, and work on repaying the total before interest starts accruing.

Annual Fee Offers

An annual fee offer will provide a reduced annual fee for an introductory period, or for the life of the card. Obviously, these offers can provide an excellent way to save money, especially on feature-packed cards with higher annual fees. Be aware of what the annual fee reverts to, and make sure the card still offers value at that cost.

Choosing CommBank

As one of Australia’s largest banks, Commonwealth Bank certainly has a lot to offer. By comparing the options available, you can decide whether a CommBank credit card is right for you. If you want to find out more about each CommBank credit card, simply click on the page and read our review.

Recently Asked Questions

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39 questions (showing the latest 10 Q&As)

Barbara Dau

Barbara Dau

31 January 2019
how can I get a holiday account
helen thompson

helen thompson

20 November 2018
i am expecting a new visa card they said they sent it on 12 it is now 20th nov 2018 as i am disabled ,i cannot do on line shopping NO FOOD ,i can't use netflix (which i depend on as i am home bound
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 November 2018
    Hi Helen, you will need to follow up directly with Commbank. Call 13 2221 - 6am to 10pm. It sounds like a long time to receive the card so many it has gone astray.
Barbara

Barbara

31 October 2018
How much interest will I be charged for being a few hours over the date in paying my visa card of $2407.79? Thank you for your help.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 November 2018
    Hi Barbara, interest is at the same standard rate. You would be hit with a late payment fee from Commonwealth Bank on your credit card of $20. Bottom line its important to pay all credit card minimum payments on time to avoid any negative credit affect.
Steve

Steve

8 October 2018
Do you do an interest free transfer on Credit Cards. Looking to change from BankWest to Commonwealth
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 October 2018
    Hi Steve, CBA owns Bankwest though you can still transfer Bankwest credit card debt to a Commbank balance transfer offer. The bad news is that there are no decent balance transfer deals with CBA. The best you get is 5.99% for 5 months. I suggest you have a look at other balance transfer offers in market. The Westpac Low Rate has 0% for 24 months so may be suitable. Review other balance transfer credit card offers here. All of them will accept Bankwest credit card debt.
Cheryl

Cheryl

21 September 2018
I would like to change my Visa card number
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    24 September 2018
    Hi Cheryl, reach out to Commbank credit card customer service on 13 2221
julie Holzer

julie Holzer

21 September 2018
Is there also an additional card holder fee of $10 on the diamond credit card? I am a very disgruntled customer
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    24 September 2018
    Hi Julie, yes the additional card holder fee is currently $10
julie Holzer

julie Holzer

21 September 2018
why have your aised the price so drastically from $59 to $349 dollars for the same diamond credit card without the additional advantages of the connected American express card? And on top of it not informing me as a life long customer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    24 September 2018
    Hi Julie, banks always seem to be looking to raise fees on products where they can get away from it. I agree that the Commbank Diamond credit card points earning has been slashed over recent years. The exit of the AMEX card pulling more points away. Bottom line is you need to review your financial products and not be loyal to any institution. How much are you spending a month on your card? What type of rewards are you after? I dumped my CBA Diamond a few years ago when they were reducing the points earn dramatically. AMEX have a no annual fee card with a 1 point per $1 earn rate on Qantas or Velocity. There are some big bonus point deals on offer right now.
Robert Buckley

Robert Buckley

1 June 2018
I have a Visa Diamond credit card. Will I incur charges for overseas purchases and how many points per transaction do I earn?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 June 2018
    Hi Robert, yes there are foreign transaction fees of 3% on the Visa with Commbank Diamond credit card. You do get these fees waived when you spend on the AMEX companion card. On the points earning, you will get max points if you use your AMEX overseas also at 3 pr $1. On the Mastercard you will earn 1.25 Awards points overseas with the fee. Bottom line, use you AMEX as much as you can that doesn't hit you will silly surcharge fees.
Colleen

Colleen

17 May 2018
Does Commonwealth ever offer O% balance transfer for current customers
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 May 2018
    Hi Colleen, I cannot remember in my 13 years of seeing any 0% balance transfer offers come from Commbank. Therefore it is very unlikely that they will offer any 0% balance transfers to current customers. Though it is always possible. If you are looking for a balance transfer, then look outside of CBA credit cards.
coral

coral

11 April 2018
are there any bonus point offers on cba rewards cars right now
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 April 2018
    Hi Coral, no bonus points available on Commbank cards that I can see at the moment. Check out our credit card bonus points section for some great deals.
JENNIFER HIATT

JENNIFER HIATT

3 April 2018
My Credit Card has been declined on an online payment. I have not received a statement for payment! Is it due or overdue? If due please inform me of the balance owing for payment now.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 April 2018
    Hi Jennifer, there could a number of reasons why a card is declined for a transaction including for fraud protection. I would give Commbank credit card customer service a call on 13 2221
John Parker

John Parker

4 January 2018
my mastercard's Validity expires whilst I will be travelling During Mar 18, can I renew this card Now? prior to commencement of O/STour,
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 January 2018
    Hi John, you should be able to renew your card early. Give CBA credit card customer service a call on 13 2221. Alternatively you can send a message through Netbank.
Caroline Scott

Caroline Scott

29 September 2017
Does Comm Bank have any Visa credit cards?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 October 2017
    Hi Caroline, Commonwealth Bank credit cards are currently under MasterCard and AMEX. There is no Visa option for this card but Mastercard is very similar to Visa in regards to acceptability and fees.
youki

youki

12 September 2017
hello roland, i bought a new keycard eftpos commonwealth, i have the card number but theres no cvv's? i cant buy anything online please explain
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 September 2017
    Hi Youki, as an eftpos card, this is not a credit card. Therefore you cannot use this to purchase online. An option could be to get a Visa or MasterCard Debit card account. This way you access your own money and can buy online. Check out e.g. St George Complete Freedom account. Other option is to get a credit card for online purchases such as the 28 Degrees with no annual fee.
jina

jina

29 March 2017
my paypass & chip will decline at random times. it will say pending but then decline. its really inconvenient. is there a reason for this?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 March 2017
    Hi Jina, maybe there is a technical issue with your card. I would request that a new card is sent out, that is if the card is not declining due to available balance.
sophi

sophi

7 August 2016
Hi my mum is travelling overseas to the USA in november 2016 and returning January 2017 and wants to know if she applies for a credit card does she have access to free travel insurance
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 August 2016
    Hi Sophi, as long as the card has overseas travel insurance as one of the features then yes. I use the CBA overseas travel insurance regularly when I travel.
Ken McCagh

Ken McCagh

27 July 2016
My last Statement was not received at this address, instead I received an Overdue Statement yesterday,26th July. The person with whom I spoke on your Helpline was very rude and the only that I could join the conversation was to keep butting in. Please ensure that I receive Statements every month as I pay the amount owing in full every time. I am using this medium to contact your office as I cannot find ant email address and I do not feel disposed to try your phone line again.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 July 2016
    Hi Ken, thank you for your comment on the customer service of CBA, though we are not the bank itself but a credit card comparison site. Best of luck with sorting out the issue with your bank.
Raheel AZIZ

Raheel AZIZ

7 April 2016
Where is 0% credit card?
Jess

Jess

11 February 2016
Hi Could You tell me what is required to apply for a small credit card as I am 18. and receive Disability Support Pension. I am trying to build a credit rating Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 February 2016
    Hi Jess, I would first talk to your everyday bank directly and see if they can assist with a card on a $500 credit limit to start. This is your best option. See how you go and come back to me if it doesn't work out and you are looking for something else.
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