Commonwealth Bank credit cards

No. Generally, points are only earned on purchases. Other transactions such as BPAY transactions, cash advances and balance transfers do not earn points. Check the program’s terms and conditions to ensure the scheme suits your spending habits and the way you want to use your card.

Yes. Commonwealth Bank’s internet banking service, called NetBank, allows you to view and manage your credit card account securely online at anytime that suits you.

Yes. You can get your balance, make payments, etc. on the phone.

To reward customer loyalty, if you already have a qualifying account, when you apply for one of their credit cards the bank reduces or waives your card’s annual fee. The amount that is deducted form the annual fee depends on which card you apply for. Subject to CommBank’s terms & conditions.

No. There is no expiry date on points, so you don’t have to worry about losing them.

No. You can apply for a CommBank credit card without having to switch from your existing bank.

When you are a member of the Commonwealth Awards program you can browse the scheme’s store by logging into NetBank, find rewards and redeem points online. You can also redeem points by calling the Commonwealth Awards telephone service.

Yes, there is a limit on how many Awards points you can earn; the number varies between different cards and depends on whether you have joined Qantas Frequent Flyer. The cap on all Commonwealth Award members’ points is reset each year on 1st January.

To qualify you need to be age 18 years or over; be a citizen or resident of Australia; have a good credit history; and be able to make regular repayments. You also need to earn above a specified income threshold, which varies between the different credit cards. Making sure you meet these requirements before applying greatly increases you chances of getting approved.

Commonwealth offers a full range of credit cards designed to suit the various requirements of its customer base. Each card is tailored to suit a different type of cardholder with a mixture of features, rates, fees, rewards and extra benefits. You can compare and select a credit card that suits your finances, from a simple low interest rate or low fee, credit cards that provide rewards for your spending and prestigious gold, platinum and diamond cards.

Note that Commonwealth typically are not very competitive with their balance transfer deals. You can compare their current offers with others using our credit card balance transfer comparison.

The Awards program provides rewards for spending on your credit card. The bank offers standard, Gold, Platinum and Diamond Awards credit cards, each of which gains membership to one of Australia’s largest credit card rewards programs. Each time you make eligible purchases on your card you earn points, which can then be redeemed for an enormous choice of retail products and services, travel, gift cards and cash back on certain cards such as the CommBank Awards cards.

The bank’s Awards program offers a wide choice of rewards that you can exchange for points earned on purchases. Rewards include retail merchandise, travel products and services, entertainment, Commonwealth Bank financial products, charity donations, frequent flyer programs and cash back on relevant cards.

When you have completed the application process you will be notified whether or not you have been approved. If successfully approved, your new credit card will be posted to you within 10 working days.