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If you have a Commonwealth Bank Awards, Platinum Awards or Diamond Awards credit card, you will earn points for your everyday spending. These points are automatically added to your CommBank Awards account, which you can access by logging into NetBank or the CommBank App.
From there, you can redeem your points for a variety of rewards. As CommBank Awards points do not expire – and there is a Points Plus Pay redemption option – you can redeem rewards when it suits you.
The following are the earn rates and point caps for each CommBank Awards credit card:
Most purchase transactions are eligible for points, except BPAY, cash advances, balance transfers and payments made to the Australian Taxation Office (unless made with a CommBank Business Awards card).
Here’s a list of ways to boost your points balance with a CommBank Awards credit card.
If you're a member of a frequent flyer program, you have the option of transferring your CommBank Awards points to 9 partnered programs including Qantas, Velocity Frequent Flyer, Etihad Guest and Malaysia Airlines Enrich.With most of these frequent flyer partners, you can choose when you make a transfer and how many points to convert (as long as you meet minimum transfer requirements).
But if you want to earn Qantas Points, you need to opt in to "Qantas Frequent Flyer Direct" for an annual fee of $30. Once you have opted in, your Award points will automatically be converted to Qantas Points, at a rate of 2.5 Awards points to 1 Qantas Point. These points are transferred to your frequent flyer account monthly.
Currently, people who have opted-in to Qantas Frequent Flyer Direct have lower annual points caps than those who earn Awards Points. As of 1 December 2019, the following changes are being made to these caps:
Credit card | Current yearly points cap | New yearly points cap |
---|---|---|
CommBank Awards | 30,000 | 50,000 |
CommBank Awards Gold (no longer available for new applications) | 60,000 | 75,000 |
CommBank Awards Platinum | 120,000 | 150,000 |
This means that people earning Award points and those earning Qantas Points will have the same yearly cap based on their card.
In addition to this change, any Award points you have in your account will also be automatically transferred to your linked Qantas Frequent Flyer account from the start date of your December 2019 statement.
You can compare the different exchange rates you can expect when you transfer CommBank Awards to frequent flyer points below:
Scheme | Rate |
---|---|
Qantas Frequent Flyer | 2.5 Awards points/1 Qantas Point |
Virgin Australia Velocity | 2.5 Awards points/1 Velocity Point (Awards and Gold) |
Virgin Australia Velocity | 2 Awards points/1 Velocity Point (Platinum and Diamond) |
AirAsia BIG Loyalty | 2.5 Awards points/1 AirAsia Point |
AirFrance/KLM Flying Blue | 3 Awards points/1 Mile |
China Eastern | 3 Awards points/1 point |
Eva Air | 3 Awards points/1 mile |
Etihad Guest | 3.5 Awards points/1 mile |
Malaysia Airlines Enrich | 3.5 Awards points/1 mile |
JAL | 4 Awards points/1 mile |
Lufthhansa Miles & More | 4 Awards points/1 mile |
United MileagePlus | 4 Awards points/1 mile |
If you prefer hotel rewards, you can also exchange your CommBank Awards for IHG Rewards club points at an exchange rate of 2.5 Awards points for 1 IHG Rewards point.
You can redeem your points for a number of different rewards, which we’ve outlined in detail below.
Your CommBank Awards points can be spent in-store at Myer or Flight Centre. These two partners offer Points Plus Pay, which allows you to make up for a points shortfall with cash when making a redemption.
When making your purchase in-store at Myer, simply present your CommBank Awards credit cards at the register and request to pay with points. You may earn MYER one points on the redemption transaction too.
To make a redemption at Flight Centre, visit a store, call 1300 165 033, visit the CommBank Awards website or log on via the CommBank app and follow the Awards link under your Awards card. Minimum and daily maximum point limits apply and are subject to the terms and conditions of the CommBank Awards program.
In addition to in-store and frequent flyer rewards, you can use your CommBank Awards points for any of the following:
Gift card value | Points redeemable |
---|---|
$25 | 5,400 |
$50 | 10,700 |
$100 | 20,000 |
$250 | 50,000 |
$500 | 100,000 |
It is critical to compare cards before you decide which one is right for you. You should consider the following key factors:
Use these simple steps to help you choose and apply for a CommBank Awards credit card:
CommBank Awards is a popular credit card rewards program, but there are many others on the market. So when considering a CommBank rewards credit card, remember to compare your options among other rewards credit cards. Also weigh up the potential costs of a card in comparison to its potential benefits before deciding if it will be the most suitable one for you.
Picture: Commonwealth Bank
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I am confused how to claim Quantas points are they automatically transferred to the account? what do I have to do to have this transferred, I believe I use to have this automatically as before or has this all changed?
Hello Jancey,
Thank you for reaching out to us.
For you to convert your Awards points to Qantas points, you will need to manually opt-in to Qantas Frequent Flyer Direct rewards program. Once enrolled, you will need to pay $30 each year then your points will be automatically credited to your Qantas frequent flyer account monthly.
You may visit this page to have more information about the Qantas Frequent Flyer program.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash