Like ANZ, CommBank provides a full selection of tiered options within its CommBank Awards card selection, ranging from classic to the newly released Ultimate card. With a wide range of redemption options to choose from, CommBank Awards is nice and flexible, especially for those who want to transfer points to a broader range of frequent flyer partners.
Within the CommBank Awards program, you can also earn Bonus Points for every $1 spent when shopping with bonus partners. There’s no cap on how many bonus points you can earn.
As a flexible rewards program, CommBank Awards has a number of redemption options to choose from. It is worth noting that for most options, CommBank does not provide a redemption value on rewards unless you sign in as a member.
Points Plus Pay is also available.
As we mentioned, you really need to log in as a member to check out the value offered by most of the redemption options within CommBank Awards. However, we can provide some examples of value using what we know of gift card and merchandise redemptions.
CommBank Awards Card (1 point per $1, capped at 50,000 points per year, $59 annual fee).
CommBank Platinum Awards Card (1 point per $1, capped at 150,000 points per year, $249 annual fee, insurances, bonus points after min. spend and 12 months).
CommBank Diamond Awards Card (1.25 points per $1, capped at 1 million points per year, $349 annual fee, insurances, bonus points).
CommBank Ultimate Awards Card (3 points per $1 up to $10,000 per statement period, no monthly fee if you spend $2,500 per statement period, paid lounge access, insurance, no international transaction fees, bonus points).
As long as you are committed to channelling a relatively high spend through your card, you could enjoy value from the CommBank Awards program, especially in the first year. For those who are eligible, the Ultimate card would be particularly appealing, as there would be no monthly fee on monthly spends over $2,500.
While the rewards on offer are varied, you would need to weigh up the value of your redemptions once you have all information available to you as a rewards member.
Founder of Creditcard.com.au. Roland has extensive knowledge about credit cards in Australia. Known as a credit card expert, he has been featured on tv and in various publications. Some popular offers on our site right now include the ANZ Low Rate. This special offer has no annual fee first year, a low purchase rate and long 0% balance transfer. Have a look also at the huge 0% for 30 months balance transfer from Citi with no balance transfer fees.
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