The CommBank Ultimate Awards Credit Card gives you a way to earn up to 1.2 Qantas Points per $1 on eligible spend. On top of that, there’s no foreign transaction fees, and you get access to travel insurance and paid access to over 1,300 airport lounges.
Instead of an annual fee, this card has a $35 monthly fee. This could add up to $420 a year, but the monthly fee is waived if you spend at least $4,000 in each statement period. There’s an additional $60 yearly fee that you’ll pay for if you opt in to earn Qantas Points. If you can meet these requirements, the value you get from the points and other perks could easily outweigh the yearly $60 fee you’ll pay for choosing to earn Qantas Points.