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Commonwealth Bank

CommBank Credit Cards

Commonwealth Bank credit cards offer everything from low interest rates and fees to Awards points and perks, designed for every type of spender.

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As well as being one of the Big Four Banks, Commonwealth Bank is one of Australia's largest credit card issuers. It's range includes low rate, low fee and rewards cards, as well as business and corporate credit cards. Plus, any eligible CommBank Mastercard gives you access to cashback offers through the complimentary CommBank Rewards program.

Comparison of CommBank Credit Cards

Name Product Purchase rate p.a. Interest-free period Balance transfer rate p.a. Annual fee

CommBank Ultimate Awards Credit Card with Qantas Points

CommBank Ultimate Awards Credit Card with Qantas Points
20.24%
Up to 55 days on purchases
5.99% for 5 months
$450
Receive 70,000 bonus Qantas Points when you spend $5,000 in the first 90 days. Plus, 0% foreign fees.

CommBank Low Rate Credit Card

CommBank Low Rate Credit Card
0% for 18 months, reverts to 13.24%
Up to 55 days on purchases
5.99% for 5 months
$59
Save with 0% p.a. interest rate on purchases for 18 months. Plus, $100 cashback when you spend $1,000 in the first 90 days.

CommBank Low Fee Credit Card

CommBank Low Fee Credit Card
19.74%
Up to 55 days on purchases
5.99% for 5 months
$0 for the first year ($29 thereafter)
Get $200 cashback when you spend $1,000 in 90 days. Plus, ongoing annual fee waiver if you spend at least $1,000 in the previous year.

CommBank Low Fee Gold Credit Card

CommBank Low Fee Gold Credit Card
19.74%
Up to 55 days on purchases
5.99% for 5 months
$0 for the first year ($89 thereafter)
Save with an ongoing annual fee waiver when you meet the spend requirement. Plus, $300 cashback when you spend $1,500 in the first 90 days.

CommBank Low Rate Gold Credit Card

CommBank Low Rate Gold Credit Card
13.24%
Up to 55 days on purchases
5.99% for 5 months
$89
Keep interest costs low with a 13.24% p.a. purchase interest rate. Plus, access to complimentary insurance covers.

CommBank Platinum Awards Credit Card

CommBank Platinum Awards Credit Card
20.24%
Up to 55 days on purchases
5.99% for 5 months
$249
Get 80,000 bonus Awards points or 50,000 Qantas Points when you spend $4,000 in the first 90 days. Plus, included insurance covers.

CommBank Awards Credit Card

CommBank Awards Credit Card
20.24%
Up to 55 days on purchases
5.99% for 5 months
$59
Earn 1 Awards point per $1 spent up to 50,000 points per year. Plus, access to Priceless Cities.

CommBank Diamond Awards Credit Card

CommBank Diamond Awards Credit Card
20.24%
Up to 55 days on purchases
5.99% for 5 months
$349
Get 100,000 bonus Awards points or 70,000 Qantas Points when you spend $5,000 in the first 90 days. Plus, international travel insurance and Mastercard Traveler Rewards.

CommBank Essentials Credit Card

CommBank Essentials Credit Card
9.9%
Up to 55 days on purchases
$60
Save with a low 9.9% p.a. interest rate on purchases. Plus, add an additional cardholder for $0.

CommBank Ultimate Awards Credit Card

CommBank Ultimate Awards Credit Card
20.24%
Up to 55 days on purchases
5.99% for 5 months
$420
Earn 100,000 bonus Awards points when you spend $5,000 in the first 90 days. Plus, 0% foreign fees.

CommBank Neo Card

CommBank Neo Card
0%
$0
Borrow up to $3,000 with no interest charges - just a monthly fee that depends on your credit limit. Plus, 0% foreign transaction fees.
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Compare up to 4 providers

Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate p.a. Annual fee
CommBank Business Interest-Free Days Credit Card
N/A
17.57%
$60
Receive up to 55 days interest-free on purchases and integrate your online accounting software with your credit card transactions.
CommBank Business Awards Credit Card
N/A
CommBank Awards Program
1
20.74%
$100
Earn 1 Awards point per $1 spent, easily integrate your online accounting software, plus receive complimentary Transit Accident Insurance.
CommBank Business Platinum Awards Credit Card
80,000
CommBank Awards Program
1
20.74%
$300
Earn 80,000 bonus Awards points or 50,000 Qantas Points when you spend $4,000 in the first 90 days. Plus, an unsecured limit of up to $50,000.
CommBank Business Low Rate Credit Card
N/A
N/A
14.55%
$0
Save on your business credit card costs with an ongoing $0 annual fee and 14.55% p.a. interest rate on purchases and cash advances.
CommBank Neo Business interest-free card
N/A
N/A
0%
$0
Get up to $3,000 credit limit with 0% interest charges and no late payment fees.
CommBank Corporate Low Rate Credit Card
N/A
N/A
14.55%
$40
Designed for businesses looking to pay down large purchases over time with flexible payment options and customised controls.
CommBank Corporate Charge Card
N/A
0%
$40
Designed for large organisations with significant expenses and reduces processing costs with electronic reporting and management.
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Types of credit cards from Commonwealth Bank

  • CommBank low rate credit cards

Across CommBank's low rate credit card options, the interest rates for purchases range from 9.9% p.a. on the Commonwealth Bank Essentials card and 13.24% p.a. on both the Commonwealth Bank Low Rate and Commonwealth Bank Low Rate Gold credit cards. These rates are lower than the average standard credit card rate in Australia (currently 19.94%) and are competitive with other low rate options.

  • CommBank low fee credit cards

CommBank offers 2 low fee cards: the Low Fee credit card and Low Fee Gold credit card. Both of these cards offer a $0 annual fee in the first year and have competitive annual fees after that. You can also get the annual fee waived in following years when you meet a spend requirement on one of these cards.

  • CommBank Awards credit cards

A CommBank Awards credit card offers you points per $1 on your eligible spending – which covers most everyday shopping, dining out and travel bookings. You can redeem these points for rewards including travel, cashback on your account and to pay for purchases with Myer and Flight Centre. You can also transfer points to partnered frequent flyer programs, including Qantas Frequent Flyer and Velocity Frequent Flyer. Finder's guide to the CommonBank Awards program gives you all the details.

CommBank Rewards credit cards sometimes have introductory bonus point offers that can boost your reward balance when you get a new card and meet the spend requirements.

Want to earn Qantas Points instead of CommBank Awards points?
When you get a CommBank Awards credit card, you can opt-in to earn Qantas Points instead of CommBank Awards points.There is a $30 yearly fee for choosing the Qantas Points option, and you'll need to provide your Qantas Frequent Flyer membership details. After that, the points will automatically be transferred to your frequent flyer account at regular intervals.
  • CommBank no interest credit card

The CommBank Neo Card doesn't charge any interest – instead it has a monthly fee of $12, $18 or $22 that's based on your credit limit. If you don't use the card or carry a balance, the monthly fee is also waived. It also gives you access to CommBank Rewards offers and can be used anywhere Mastercard is accepted.

  • CommBank small business credit cards

The range of CBA credit cards for small businesses include low rate, interest-free days and Awards options. There is also a CommBank Neo Business Card that charges no interest and a monthly fee instead.

Benefits of getting a Commonwealth Bank credit card

CommBank credit cards all come with their own set of features, but let's take a look at some of the key benefits you can get:

  • CommBank Rewards – cashback loyalty program

CommBank Rewards is a complimentary loyalty program available to anyone over 21 who has the CommBank app and an eligible Mastercard credit card or debit card. It gives you access to cashback offers through the CommBank app, which also includes a tracking tool so you can see how much cash you have got back.

While offer details vary (because they are personalised), you'll typically earn cashback by spending a set amount of money at a partner store or stores. Some examples include spending $50 at Caltex and getting $5 back, spending $100 at Myer and getting $15 back or spending $100 at Menulog and getting $10 back. When you meet the offer requirements, the cashback will be added to your account within 5–14 business days.

  • CommBank app

The CommBank app gives you a simple way to check your account details and lets you lock, block and limit certain transactions. It's also where you'll see CommBank Rewards offers and other details about your account.

  • Mobile contactless payments

Commonwealth Bank credit cards are as convenient as it gets when it comes to cardless payments. You can use your eligible smartphone or wearable to make contactless payments. You can also pay with your eligible fitness tracker except on business cards.

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  • Commonwealth Bank included travel insurance policy

You can save on necessary costs and travel with peace of mind thanks to Commonwealth Bank's included insurance policies. The insurance is provided by Zurich Australian Insurance Ltd and is available with the Commonwealth Bank Low Rate Gold, Low Fee Gold, Platinum Awards and Diamond Awards credit cards. Eligibility requirements, terms and conditions and exclusions apply, so make sure to see the Commonwealth Bank Credit Card Insurances product disclosure statement for all of the details.

COVID-19 Disclaimer

Most travel insurance will not cover you for COVID-19 related claims. Carefully read the product disclosure statement before taking out any insurance policy or filing a claim.

  • Mastercard benefits

As well as worldwide acceptance, you can look forward to a bunch of Mastercard perks with your Commonwealth Bank credit card. Mastercard Priceless Cities provides access to experiences and events in cities across the globe. For transactions under $100, you can use your card to make contactless payments thanks to Mastercard PayPass. If your card is used for fraudulent transactions, purchases will also be protected by Mastercard Zero Liability cover.

Eligibility criteria

Before you apply for a CommBank credit card, you'll need to check you meet the eligibility requirements. Each card has its own set of details, but include:

  • Age. You must be at least 18 years of age to apply for a credit card in Australia.
  • Residency status. You must provide details of your Australian citizenship, residency or visa status. The requirements vary between cards, and some additional conditions may apply for temporary residents. To make sure you're eligible, check the specific conditions for the credit card before you apply.
  • Credit history. Your credit history must be in good standing.

How long does it take to apply?

It takes around 20 minutes to apply for a CommBank credit card online if you have all the details you need on hand.

Information and documents you need for the application

CommBank credit card applications ask you for a mix of general details and information about your financial situation. This includes:

  • Personal information. Your full name, current residential address, email address, contact phone numbers and date of birth. If you're not set up on NetBank, you'll also need to provide a valid form of photo ID, such as your passport or driver's licence.
  • Financial information. Your income and assets such as savings, property and investments. Plus details about any current credit cards, loans or debts, as well as ongoing expenses like child support, rent, mortgage repayments, or anything else that is considered a regular, essential cost. You also need to upload proof of income, such as recent payslips, bank statements or your most recent tax assessment notice from the Australian Taxation Office.
  • Details if you're not an Australian permanent resident. Your visa details, including the type of visa and expiry date.

Have a question about CommBank credit card applications? Call CommBank on 13 2221 to talk about your situation.

Card details

Depending on which CommBank credit card you apply for, you could be asked about the following details when you apply:

  • Credit limit. If you have a credit limit in mind, you can include that as part of the application. Just be aware that CommBank will offer you a credit limit based on its assessment of your application, which could be lower than the one you've requested.
  • Balance transfer information. If you want to transfer a balance to a CommBank credit card, you'll need to provide details of the debt that you want to transfer, including the account name, number and financial institution's BSB. Remember to take note of the interest rate that applies to the balance transfer, as well as any promotional and ongoing details.

What happens after you apply?

You'll be contacted by CommBank if it needs any more details to process the application. If you're set up with NetBank, you can check your application status at any time by going to the "Offers & Application" section. You can also call CommBank on 13 22 21.

Frequently asked questions

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