Commonwealth Bank Credit Cards Comparison | Finder

CommBank Credit Cards

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

Commonwealth Bank

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Commonwealth Bank is one of Australia's largest credit card issuers, offering a range of low rate, low fee, rewards, business and corporate options. If you opt for a rewards card, you can earn points as you spend to redeem for rewards with CBA's Awards program or Qantas Frequent Flyer.

Whether you're a savvy-spender looking to save, or a points chaser trying to maximise your rewards, use this guide to compare CommBank credit cards and find the right card for you.

Comparison of CommBank Credit Cards

Data updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
CommBank Low Rate Credit Card
0% p.a. for 15 months, reverts to 13.24% p.a.
Up to 55 days on purchases
$59
5.99% p.a. for 5 months
Save with a 0% p.a. interest rate on purchases for 15 months.
CommBank Low Fee Credit Card
19.74% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($29 p.a. thereafter)
5.99% p.a. for 5 months
Receive $150 cashback and a continued annual fee waiver if you spend at least $1,000 in the previous year.
CommBank Low Fee Gold Credit Card
19.74% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($89 p.a. thereafter)
5.99% p.a. for 5 months
Save with an ongoing annual fee waiver when you meet the spend requirement. Plus, a $200 cashback.
CommBank Low Rate Gold Credit Card
13.24% p.a.
Up to 55 days on purchases
$89
5.99% p.a. for 5 months
Keep interest costs low with a 13.24% p.a. purchase interest rate. Plus, access to complimentary insurance covers.
CommBank Platinum Awards Credit Card
20.24% p.a.
Up to 55 days on purchases
$249
5.99% p.a. for 5 months
Collect 80,000 bonus Awards Points, plus, 1 point per $1 spent up to 150,000 points per year.
CommBank Awards Credit Card
20.24% p.a.
Up to 55 days on purchases
$59
5.99% p.a. for 5 months
Earn 1 Awards point per $1 spent up to 50,000 points per year. Plus, access to Priceless Cities.
CommBank Diamond Awards Credit Card
20.24% p.a.
Up to 55 days on purchases
$349
5.99% p.a. for 5 months
Receive 100,000 bonus Awards points when you spend $5,000 on eligible purchases within the first 90 days. Plus, 1.25 points per $1 spent.
CommBank Essentials Credit Card
9.9% p.a.
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
20.24% p.a.
Up to 55 days on purchases
$420
5.99% p.a. for 5 months
Enjoy 100,000 bonus Awards points when you spend $5,000 in the first 90 days, 0% foreign transaction fees and access to over 1,000 airport lounges.
CommBank Neo card
N/A
$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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Data updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
CommBank Business Interest-Free Days Credit Card
N/A
17.57% p.a.
$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
Commonwealth Bank Awards Program
1
20.74% p.a.
$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
Commonwealth Bank Awards Program
1
20.74% p.a.
$300
Earn 1 Awards point per $1 spent, and receive complimentary travel, transit accident and unauthorised transaction insurances.
CommBank Business Low Rate Credit Card
N/A
0% p.a. for 15 months, reverts to 14.55% p.a.
$0
Save on your business credit card costs with an ongoing $0 annual fee and 0% interest on purchases for 15 months.
CommBank Corporate Low Rate Credit Card
N/A
14.55% p.a.
$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
N/A
$40
Designed for large organisations with significant expenses and reduces processing costs with electronic reporting and management.
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Types of Commonwealth Bank credit cards

If you're interested in a credit card from Commonwealth Bank, you can compare your options based on the following types of cards and your financial needs.

  • Low rate credit cards

If you regularly carry a balance from month to month, you can use a low rate card to minimise your interest repayments compared to a card with a higher interest rate. Across CommBank's low rate options, the interest rates range between 9.9% p.a. on the Commonwealth Bank Essentials card and 13.24% p.a. for both the Commonwealth Bank Low Rate and Commonwealth Bank Low Rate gold credit cards. These rates are competitive when compared to some other low rate products on the market.

  • Low fee credit cards

These cards are suited to cardholders who pay their balance in full every month to avoid interest but want to cut down on other card costs. CommBank offers two low fee cards: the Low Fee credit card and Low Fee Gold credit card. Both of these cards offer $0 annual fee in the first year and waive the annual fee in subsequent years when you meet the spend requirement.

  • Awards credit cards

CommBank has four personal rewards credit cards to choose from. The Awards card is suited to customers who want a lower annual fee and credit limit, but still want to earn points. The Platinum Awards and Diamond Awards cards are designed for cardholders who are happy to pay higher annual fees to get more competitive earn rates and extras like international travel insurance. The Ultimate Awards card charges a monthly fee with the potential to be waived, also aimed at travellers with no foreign transaction fees. Points can be redeemed for merchandise, travel and exchanged for frequent flyer points, including Qantas and Velocity. You can opt to earn points with Qantas Frequent Flyer Direct through the Awards website for an additional $30 annual fee.

  • Small business credit cards

CBA also offers flexible credit card choices for small businesses, with low rate, interest-free days and Awards options available.

The benefits of banking with the Commonwealth Bank

Here are some of the convenient features and services you can enjoy with a Commonwealth Bank credit card:

  • Commonwealth Bank Awards Program

The Commonwealth Bank Awards program is one of the largest credit card rewards programs in Australia. It gives you plenty of ways to treat yourself, with rewards including travel and frequent flyer options, cashback in your account and retail products. You can even pay with points in-store at both Myer and Flight Centre.

  • CommBank app

You can easily manage your account on the go with the comprehensive and easy-to-use CommBank app. You can use the app to check your statements and transactions, transfer money, update your personal details or PIN and locate your nearest CBA ATM or branch.

  • 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.

  • 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 with Apple Pay, Samsung Pay and Google Pay. You can also pay with your eligible fitness tracker via Garmin Pay and Fitbit Pay (excluding business cards).

How to apply for a CommBank credit card

Before you get started, make sure you meet the application requirements for your chosen card. These 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. These requirements vary between cards, and additional conditions may apply for temporary residents. To ensure you're eligible, check the specific conditions for the product before you apply.
  • Credit history. Your credit history must be in good standing.

Other conditions may apply depending on the card. You can find this information listed on Finder's Commonwealth Bank credit card product review and application pages. If you do meet the minimum eligibility requirements, Commonwealth Bank will also need to assess your financial situation before they make a decision about your credit card application.

Required documents

To speed up the application process, make sure you have these details and documents handy when you apply for your CommBank credit card:

  • Personal information. You will need to provide information including your full name, current residential address, email address, contact phone numbers and date of birth.
  • Details about your income. Aim to provide as much detail as possible about your income and assets. Details of income-generating assets such as property and shares also need to be provided, as well as information about any savings.
  • Expenses and liabilities. You will need to provide information about any debts you have, as well as ongoing expenses like child support, rent, mortgage repayments, or anything else that is considered a regular, essential cost.
  • Other credit cards. If you want to transfer a balance to a Commonwealth Bank credit card from your existing non-Commonwealth Bank credit card(s), store card(s) or charge card(s), you will need to provide the account details, including the card number, the amount you want to transfer and the name of the issuing financial institution.

Frequently asked questions

Want to know more about Commonwealth Bank credit cards? Here we've answered some of the most common questions we get about CommBank cards. You can also get in touch with us by using the form at the bottom of the page.

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