Launched in June 2023, the CommBank Smart Awards Credit Card earns points per $1 on all your eligible spending, with other perks including international travel insurance, airport lounge access and no foreign transaction fees.
CommBank Smart Awards Credit Card
- Bonus points
- 75,000
- Purchase rate
- 20.99% p.a.
- Reward points per $ spent
- 1.5
- Annual fee
- $228 p.a.
Our verdict
Offers up to 75,000 bonus CommBank Awards Points or up to 30,000 bonus Qantas Points, with a yearly rewards fee if you choose the Qantas Points option.
Pros
-
Up to 75,000 bonus CommBank Awards Points or up to 30,000 bonus Qantas Points
-
Points Boost for highest eligible purchase in each statement period
-
Included international travel insurance
-
No foreign transaction fees
-
Airport lounge access with Mastercard Travel Pass provided by Dragon Pass
Cons
-
Choosing to earn Qantas Points attracts a $60 yearly fee
-
After the first $5,000 spent in a statement period, there is a relatively low earn rate of 0.5 CommBank Awards Points or 0.2 Qantas Points per $1 on eligible spending
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$19 monthly fee unless you spend at least $2,000 in a statement period
-
Mastercard Travel Pass airport lounge access attracts a fee for each lounge visit
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Offers up to 44 days interest-free on purchases, compared to other cards that offer up to 55 days
Details
Product details
Product Name | CommBank Smart Awards Credit Card |
Purchase rate p.a. | Purchase rate p.a. 20.99% |
Interest-free period | Up to 44 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $3,000 |
Card type | Mastercard |
Eligibility
Joint application | No |
Rewards
Rewards program | CommBank Awards Program |
Bonus points | 75,000 |
Rewards points per $ spent | 1.5 |
Fees
Annual fee | Annual fee $228 |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $20 |
Foreign currency conversion fee | Foreign currency conversion fee 0% |
Cash advance fee | 3% or $4, whichever is greater |
Overseas cash advance fee | $3 or 3% of the transaction amount, whichever is greater |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
Your reviews
Amy Finder
Editor
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Amy Bradney-George Finder
December 27, 2023
Hi Annie,
The fees for lounge entry are typically set by individual lounges and may vary based on details such as the number of guests and the length of the visit, as well as if any benefit is available through Mastercard Travel Pass (such as a discounted entry fee). As a very basic guide, paid lounge entry can range from around $35 to $150 or more – so there is a wide range of prices depending on the lounge, type of visit, any lounge memberships or benefits offered through a credit card/other service. If you have further questions specifically in relation to the feature on this card, you may want to contact CommBank or Mastercard Travel Pass. I hope this helps.
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Julie
October 02, 2023
Is there a minimum income requirement to qualify?
Amy Bradney-George Finder
October 03, 2023
Hi Julie,
CommBank does not list a minimum income requirement for this card. But you would need to be able to provide details that show you can repay at least the minimum credit limit on this card over a 3-year period. Finder’s guide to minimum income requirements has more details about this that may be helpful too. If you have more questions about this card and CommBank’s application process, you can contact the bank 13 22 21. I hope this helps.
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Donna
September 02, 2023
Re the Awards points on this credit card what can they be used on please?
Amy Bradney-George Finder
September 03, 2023
Hi Donna,
You can redeem CommBank Awards Points for gift cards, cashback, frequent flyer point transfers, retail items and more through the CommBank Awards website. You can also use points to pay at Myer and for eligible travel bookings with Flight Centre. I hope this helps.
Amy Bradney-George Finder
August 18, 2023
Hi Dorothy,
This card’s included travel insurance provides cover for you, your spouse and your children when they’re travelling with you on a return trip from Australia for up 12 months. The cover just needs to be activated through the CommBank app or by calling insurance provider Cover-More on 1300 467 951. Every travel insurance policy is different. So for full details of this cover, refer to the CommBank Credit Card Insurances Product Disclosure Statement and Information Booklet (here is apdf version, effective 2 June 2023). Or contact the insurance provider. I hope this helps.
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Annie S
December 20, 2023
What sort of fee would there be to access an international airport lounge e.g. at Singapore Airport using the Mastercard Travel Pass?