Commonwealth Bank credit cards

Apply for a CommBank credit card and you could pay less interest, save money and earn more points.

By   |   Verified by David Boyd   |   Updated 10th August 2020

Comparing Commonwealth Bank credit cards

Commonwealth Bank Low Fee Gold Credit Card

Commonwealth Bank Low Fee Gold Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

15 months at 0% p.a.

Annual fee

$0.00 for 1st year

Highlights

  • 0% p.a. on purchases for 15 months (terms and conditions apply).
  • Enjoy $0 annual fee for the first year and for each subsequent year when you spend $10,000 or more in the previous year.
  • Overseas travel insurance to give you cover for up to 3 months travel.
Commonwealth Bank Low Rate Gold Credit Card

Commonwealth Bank Low Rate Gold Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

15 months at 0% p.a.

Annual fee

$89.00 for 1st year

Highlights

  • 0% p.a. on purchases for 15 months (terms and conditions apply).
  • $89 p.a. annual fee.
  • Low ongoing purchase interest rate of 13.24% p.a.
Commonwealth Bank Low Rate Credit Card

Commonwealth Bank Low Rate Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

13.24% p.a. ongoing

Annual fee

$59.00 for 1st year

Highlights

  • Get up to $300 cashback. Enjoy 5% cashback on eligible purchases, up to $100 per month, for the first three months (Terms and conditions apply).
  • $59 p.a. annual fee.
  • Cheap ongoing purchase interest rate of 13.24% p.a.
Commonwealth Bank Essentials Credit Card

Commonwealth Bank Essentials Credit Card

Balance transfer

N/A

Purchase rate

9.9% p.a. ongoing

Annual fee

$60.00 for 1st year

Highlights

  • $60 p.a. annual fee. (Conditions Apply)
  • Cheap ongoing purchase interest rate of 9.90% p.a.
  • Minimum credit limit of $400.
Commonwealth Bank Low Fee Credit Card

Commonwealth Bank Low Fee Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • No annual fee of $0 p.a. for the first year and $29 p.a. for each subsequent year (terms and conditions apply).
  • Faster way to purchase under $100 at the shops using Mastercard® PayPass.
  • Up to 55 days interest free.
Commonwealth Bank Diamond Awards Credit Card

Commonwealth Bank Diamond Awards Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

20.24% p.a. ongoing

Annual fee

$349.00 for 1st year

Highlights

  • Earn up to 1 million Award points at a rate of 1.25 points per $1 spent.
  • Spend points on travel, shopping vouchers, merchandise, cashback and much more.
  • Feel secure with the complimentary International Travel Insurance.
Commonwealth Bank Awards Credit Card

Commonwealth Bank Awards Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

20.24% p.a. ongoing

Annual fee

$59.00 for 1st year

Highlights

  • Get 30,000 Bonus Awards Points when you apply by 30 June 2020, are approved and spend $2,000 on eligible purchases within 90 days from card activation.
  • Earn up to 1 Awards Points per $1 spent on purchases.
  • $59 p.a. annual fee.
Commonwealth Bank Platinum Awards Credit Card

Commonwealth Bank Platinum Awards Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

20.24% p.a. ongoing

Annual fee

$249.00 for 1st year

Highlights

  • Get 100,000 Bonus Awards Points when you apply by 30 June 2020, are approved and spend $4,000 on eligible purchases within 90 days from card activation.
  • Earn 1 Awards point per $1 spent on purchases.
  • $249 p.a. annual fee.
Commonwealth Bank Business Platinum Awards Credit Card

Commonwealth Bank Business Platinum Awards Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

20.74% p.a. ongoing

Annual fee

$300.00 for 1st year

Highlights

  • Get 100,000 Bonus Awards Points when you apply by 30 June 2020, are approved and spend $4,000 on eligible purchases within 90 days from card activation.
  • Earn 1 point per $1 you spend.
  • Balance Transfer at 5.99% for 5 months.
Commonwealth Bank Business Awards Credit Card

Commonwealth Bank Business Awards Credit Card

Balance transfer

5 months at 5.99% p.a.

Purchase rate

20.74% p.a. ongoing

Annual fee

$100.00 for 1st year

Highlights

  • Get 30,000 Bonus Awards Points when you apply by 30 June 2020, are approved and spend $2,000 on eligible purchases within 90 days from card activation.
  • Up to 55 days interest-free on purchases.
  • Earn 1 point per $1 you spend.

Learn all about Commonwealth Bank credit cards

  • Q&As

What cards do Commonwealth Bank offer?

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.

Do I have to switch banks to get a credit card with CommBank?

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

Can I manage my card via online banking?

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.

Can I use the telephone to manage my account?

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

Do CommBank offer any preferential pricing for existing customers??

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.

What does the Commonwealth Bank Awards program offer me?

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.

What kind of rewards can be earned?

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.

How do I redeem my Awards points?

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.

Do Commonwealth Awards points expire?

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

Is there a cap on the number of Commonwealth Awards points that can be earned?

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.

Are Awards points earned on all transactions?

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.

What are the criteria for applying for one of their credit cards?

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.

When will I receive my new Commonwealth Bank credit card?

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.

Our partners

Partner - American Express
Partner - ANZ
Partner - Citi
Partner - HSBC
Partner - NAB
Partner - Westpac