CommBank Awards Card

Enjoy 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.

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5.99% p.a.

Balance transfer rate

for 5 months

20.24% p.a.

Purchase rate


Reward point

Per $ spent

$59 p.a.

Annual fee

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Product NameCommBank 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 rate20.24% p.a.
Annual fee$59
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$500
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • Earn 1 Awards point per $1 spent on everyday purchases
  • Compatible with Apple Pay, Google Pay and Samsung Pay
  • Access to Priceless Cities offers and experiences


  • Points are capped at 50,000 per year
Rewards programCommonwealth Bank Awards Program
Bonus pointsN/A
Rewards points per $ spent1
Rewards points cap50,000
Annual fee$59
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
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

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

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

  • 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.
  • Credit history. You must not be currently bankrupt. You can get your credit score and copy of your comprehensive credit report for free through Finder.

Card benefits

  • CommBank Awards program. Earn 1 Awards point per $1 spent on eligible purchases. This covers most of your everyday spending, with exclusions for transactions including cash advances, BPAY transactions and payments to the Australian Taxation Office (ATO). 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.
  • Rewards redemption. You can redeem your points for retail items through the Awards eShop, as well as gift cards, statement credits or charity donations. You can also shop with points in-store at Myer and Flight Centre. If you're a frequent flyer, you could also transfer your points to a partner program, including Qantas Frequent Flyer and Velocity Frequent Flyer. With this option, you can transfer a minimum of 2 Awards points for 1 Velocity Point, or 2.5 Awards points for 1 Qantas Point. To directly earn Qantas Points for your spending, you can opt in for an annual fee of $30.

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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