Commonwealth Bank Awards Card

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Enjoy 30,000 bonus Awards points and up to 55 interest-free days on purchases with the CommBank Awards Card.

Spend with the Commonwealth Bank Awards card and take advantage of one of the largest rewards programs available in Australia. You can redeem Awards points in-store at Myer or Flight Centre, exchange them for frequent flyer points or browse the CommBank Awards catalogue for over 1,000 reward options.

5.99% p.a.

Balance transfer rate

for 5 months


Bonus points

20.24% p.a.

Purchase rate


Reward point

Per $ spent (Visa/Mastercard)


Product NameCommonwealth Bank Awards Credit Card
Rewards ProgramCommonwealth Bank Awards Program
Balance transfer rate5.99% p.a. for 5 months
Balance Transfer Revert RateCash Advance Rate (21.24% p.a.)
Purchase rate (p.a.)20.24% p.a.
Annual fee$59 p.a.
Interest Free Period55 days
Cash advance rate (p.a.)21.24% p.a.
Min credit limit$500
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo


  • 30,000 bonus Awards points offer
  • Earn 1 Awards point per $1 spent on everyday purchases.


  • Points are capped at 50,000 per year.
Rewards ProgramCommonwealth Bank Awards Program
Bonus Points30,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)50,000
Annual fee$59 p.a.
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
Late Payment Fee$20
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee3% or $3, whichever is greater
Overseas Cash Advance Fee$3 or 3% of transaction value, whichever is greater
Additional Cardholder Fee$10
Number of Additional Cardholders1

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Commonwealth Bank Awards credit card is the bank’s entry-level rewards product. Cardholders will earn 1 Awards point per eligible $1 spent, but it has a lower annual points cap than some more premium Awards cards.

How to apply

You can apply for the Commonwealth Bank Awards card online. Before you get started, check if you meet the eligibility criteria and that you have the necessary information.

Eligibility criteria

  • New cardholders. To be eligible for the bonus points offer you cannot hold or have held any CommBank Awards card in the previous 12 months.
  • Residency. You must be legally allowed to work in Australia. If you are not a permanent resident or citizen you will need to provide your visa details.

Card benefits

  • Bonus points offer. Apply by 30 June 2020 and you will earn 30,000 bonus CommBank Awards points when you spend at least $2,000 on eligible purchases on your new card within the first 90 days. To give you an idea of your points potential, you can exchange 30,000 Awards points for 12,000 Velocity or Qantas Points or $125 worth of gift cards (26,700 points). Please note that to receive the bonus points promotion, you cannot hold or have held a CommBank Awards card in the last 12 months.
  • CommBank Awards program. Earn 1 Awards point per $1 spent on eligible everyday purchases. Points are capped at 50,000 per year. Your points won't expire and you can also earn uncapped Bonus Points when you shop with bonus partners for entertainment, shopping, travel and more.

Rates & fees

  • Annual fee. This card charges an annual fee of $59 p.a.
  • Purchase interest rate. Purchases will accrue interest at a variable rate of 20.24% p.a.
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