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Commonwealth Bank Credit Cards

Offering everything from low interest rates and fees to Awards points and perks, compare credit cards from Australia’s largest bank.

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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 and rewards 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 or points chaser, you can use this guide to compare CommBank credit cards and find the right card for you.

Comparison of Commonwealth Bank Credit Cards

Data indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Commonwealth Bank Low Fee Gold Credit Card
0% for 15 months, reverts to 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 0% p.a. for 15 months on purchases and an ongoing annual fee waiver when you meet the spend requirement. Plus, included insurances.
Commonwealth Bank Low Rate Gold Credit Card
0% for 15 months, reverts to 13.24% p.a.
Up to 55 days on purchases
$89
5.99% p.a. for 5 months
Get a 0% p.a. interest on purchases for 15 months. Plus, access to complimentary insurance covers.
Commonwealth Bank 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.
Commonwealth Bank 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.
Commonwealth Bank 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.
Commonwealth Bank Low Rate Credit Card
0% 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.
Commonwealth Bank Low Fee Credit Card
0% for 15 months, reverts to 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
Save with a 0% p.a. interest on purchases for the first 15 months and a continued annual fee waiver if you spend at least $1,000 in the previous year.
Commonwealth Bank 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.
Commonwealth Bank Ultimate Awards 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.
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Data indicated here is updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
Commonwealth Bank 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.
Commonwealth Bank 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.
Commonwealth Bank 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.
Commonwealth Bank Business Low Rate Credit Card
N/A
0% 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.
Commonwealth Bank 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.
Commonwealth Bank 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 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 in to 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. If you choose a personal liability option for your business, you don't need to supply business financials when you apply for one of these credit cards. But you do need to be a business owner, director or partner with an Australian Business Number (ABN).

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 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.

  • 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. As there are three Awards credit cards on the market, you can also select a points-earning card that suits both your financial needs and rewards goals.

  • 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.

  • 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 Commonwealth Bank credit cards

You can apply for a Commonwealth Bank credit card online in 10-15 minutes. 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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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Citi Rewards Card - Exclusive Offer
21.49% p.a.
0% p.a. for 30 months
$49 annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
Coles No Annual Fee Mastercard
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
Qantas American Express Premium Card
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year. Ends 4 November 2020.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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