Finder Exclusive Offers: 0% for up to 24 months on balance transfer cards
Compare & save

Commonwealth Bank Credit Cards

Commbank-logo-feature

Compare Commonwealth Bank credit cards with features including low rates, low fees and rewards so you can find a card that works for you.

CommBank offers credit cards for a variety of needs, with both low-cost and premium options available. Depending on your goals, you could get a CBA credit card that saves you money on interest or annual fees, a card that earns you rewards or one with complimentary extras such as insurance and airport lounge access.

CommBank also offers a range of business credit cards, as well as options for students. Use this guide to compare Commonwealth Bank credit cards and learn more about your options so you can find a card that's right for you.

Comparison of Commonwealth Bank Credit Cards

CommBank credit cards for personal and business use

Commonwealth Bank offers many credit cards for personal and business use, including low rate cards, low fee cards, reward, frequent flyer options and student credit cards. There are also gold, platinum or diamond credit cards that offer even more premium benefits. If you're looking to manage your business expenses, you can cut down on regular credit card costs with low and waived annual fees, up to 55 interest-free days or low promotional balance transfer rates. You can also take advantage of extra benefits such as additional cardholders or included international travel insurance, depending on the business credit card you choose.

Rates last updated July 29th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Commonwealth Bank Low Rate Credit Card
13.24% p.a.
5.99% p.a. for 5 months
$59 p.a.
Receive up to 55 days interest-free on purchases and the convenience of instantly updated transactions to track spending.
Commonwealth Bank Low Fee Credit Card
19.74% p.a.
5.99% p.a. for 5 months
$0 p.a. annual fee for the first year ($29 p.a. thereafter)
Receive up to 55 days interest free on purchases and a continued annual fee waiver if you spend at least $1,000 in the previous year.
Commonwealth Bank Low Fee Gold Credit Card
19.74% p.a.
5.99% p.a. for 5 months
$0 p.a. annual fee for the first year ($89 p.a. thereafter)
Enjoy up to 55 interest-free days on purchases and Gold card privileges such as included international travel and purchase insurances.
Commonwealth Bank Awards Credit Card
20.24% p.a.
5.99% p.a. for 5 months
$59 p.a.
A dual Mastercard and Amex credit card which lets you earn up to 0.5 Awards points per dollar spent up to 50,000 points per year.
Commonwealth Bank Gold Awards Credit Card
20.24% p.a.
5.99% p.a. for 5 months
$119 p.a.
Earn up to 0.5 Awards points for every $1 spent up to points per year and enjoy included international travel insurance.
Commonwealth Bank Low Rate Gold Credit Card
13.24% p.a.
5.99% p.a. for 5 months
$89 p.a.
Receive up to 55 days interest-free on purchases and included international travel and extended warranty insurances.
Commonwealth Bank Platinum Awards Credit Card
20.24% p.a.
5.99% p.a. for 5 months
$249 p.a.
Earn up to 0.5 Awards points per $1 spent up to points per year, plus included travel insurance and a 24/7 concierge.
Commonwealth Bank Diamond Awards Credit Card
20.24% p.a.
5.99% p.a. for 5 months
$349 p.a.
Earn up to 0.5 Awards points per $1 spent up to 1,000,000 points per year, plus complimentary international travel insurance.
Commonwealth Bank Student Credit Card
19.74% p.a.
5.99% p.a. for 5 months
$0 p.a. annual fee for the first year ($29 p.a. thereafter)
Receive up to 55 days interest-free and pay no annual fee in subsequent years if you spend at least $1,000 in the previous year.

Compare up to 4 providers

 

Rates last updated July 29th, 2017
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Bonus Points Product Description
Commonwealth Bank Business Awards Credit Card
5.99% p.a. for 5 months
20.74% p.a.
$100 p.a.
Earn up to 1.5 Awards points per $1 spent, easily integrate your online accounting software, plus complimentary Transit Accident Insurance.
Commonwealth Bank Business Interest-Free Days Credit Card
5.99% p.a. for 5 months
17.57% p.a.
$60 p.a.
Extend your cashflow with up to 55 interest-free days on purchases. Also enjoy easy integration into your online accounting software.
Commonwealth Bank Business Awards Platinum Credit Card
5.99% p.a. for 5 months
20.74% p.a.
$300 p.a.
Earn up to 3 Awards points per $1 spent and receive complimentary travel and unauthorised transaction insurances.
Commonwealth Bank Business Gold Awards Credit Card
5.99% p.a. for 5 months
20.74% p.a.
$150 p.a.
Earn up to 2 Awards points per $1 spent, receive an unsecured credit limit of up to $50,000 and up to 55 days interest-free on purchases.
Commonwealth Bank Business Low Rate Credit Card
5.99% p.a. for 5 months
14.55% p.a.
$0 p.a.
Receive complimentary transit accident insurance up to $250,000 for cardholders and request an additional cardholder for $0 p.a.
Commonwealth Bank Corporate Low Rate Credit Card
14.55% p.a.
$40 p.a.
Designed for businesses looking to pay down large purchases over time with flexible payment options and customised controls.
Commonwealth Bank Corporate Charge Card
14.55% p.a.
$40 p.a.
Designed for large organisations with significant expenses and reduces processing costs with electronic reporting and management.

Compare up to 4 providers

 

Types of Commonwealth Bank credit cards

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

  • Balance transfer credit cards

If you want to pay off existing debt you have on a card from another Australian financial institution, you can request a balance transfer to a new Commonwealth Bank credit card during your application. You’ll be required to provide details of your existing account for the transfer, so make sure to have these on hand before you apply for your chosen CommBank credit card. Once your application is approved, it can take up to 10 business days for the card to be delivered. Please note balance transfers are subject to approval. Refer to this guide for more information on balance transferring with Commonwealth Bank.

Learn more about balance transfer credit cards here

  • Low fee credit cards

Commonwealth Bank low fee credit cards offer a competitive annual fee or no annual fee when you meet minimum spending requirements for the account. CommBank has a variety of low fee options for both personal and business customers.

Learn more about low fee credit cards here

  • Low rate credit cards

The range of Commonwealth Bank Low Rate credit cards offer a low, ongoing variable interest rate for purchases. You have the choice of either a Low Rate or Low Rate Gold credit card. The CommBank Low Rate Gold credit card offers a few extra perks, such as included travel insurance, extended warranty insurance and purchase protection cover.
Learn more about low rate credit cards here

  • Award credit cards

These cards are linked to the CommBank Awards Program and offer points for every $1 you spend on eligible purchases made with the card. You can use your points for rewards such as travel, merchandise and cashback through the CommBank Awards program. You can also redeem them for Qantas Frequent Flyer or Velocity Points. Please refer to the CommBank Awards guide available on the CommBank website for full details of rewards and terms and conditions. CommBank Award cards are available with a dual American Express/Mastercard option.

Learn more about rewards credit cards here

  • Student credit cards

The Commonwealth Bank Student Credit Card is a low fee product designed specifically for students. It offers up to 55 days interest-free and a low standard annual fee of $29 that is waived in the first year. Receive an annual fee waiver every year if you spend of at least $1,000 on your card in the previous year (on purchases and cash advances only).Learn more about student credit cards here

  • Small Business credit cards

CBA offers flexible 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).
Learn more about Business Credit Cards

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

Commonwealth Bank's included insurance policies are available as an extra benefit for Commonwealth Bank Gold, Platinum and Diamond cardholders and are provided by Allianz Global Assistance. You can refer to the Commonwealth Bank Credit Card Insurances product disclosure statement available on the CommBank website for full details of the types of insurance available, requirements and claim limits for each card.

Features available on Commonwealth Bank credit cards

    • Commonwealth Bank Awards Program

The Awards program allows you to earn points when you use your CommBank Awards credit card for eligible transactions. You can redeem these points for over 1,000 items available through the CommBank Awards Program or in-store at Myer or Flight Centre. You can also transfer points to an eligible Velocity Frequent Flyer account or opt-in to Qantas Frequent Flyer Direct and have your Awards points transferred to your Qantas membership account on a monthly basis. Minimum transfer amounts and other terms and conditions apply and there is a $30 annual fee for opting-in to Qantas Frequent Flyer Direct.

    • Balance transfers

You can request a balance transfer from another financial institution or store card when you apply for a new Commonwealth Bank credit card. If you already have a Commonwealth Bank credit card, you can also apply for a balance transfer through NetBank. Please note balance transfer requests are subject to approval.

    • Reduced annual fee

As well as the low fee credit card options, CommBank offers a one-year annual fee waiver if you apply for an eligible Commonwealth Bank credit card at the same time as your home loan application. (This offer excludes business liability credit cards, corporate cards and personal liability business credit cards without Awards.) Note that both the credit card and home loan applications will be subject to credit approval.

    • Online banking through NetBank

NetBank is an online banking tool for CommBank customers. NetBank makes managing your Commonwealth Bank credit card account easy. You can also apply for other Commonwealth Bank products and services through NetBank, view recent purchases on your credit card account and make payments.

  • Mastercard benefits

Commonwealth Bank Mastercard credit card holders get access to a number of Mastercard benefits, including:

  • Mastercard PayPass. For transactions under $100, just touch your Commonwealth Bank Mastercard against a contactless terminal and your transaction will be completed in a matter of seconds.
  • Mastercard fraud guarantee. If your account is compromised while you’re using the Mastercard payment networks (shopping over the counter or online), the Mastercard Zero Liability protection may cover the cost of fraudulent charges.
  • Global acceptance. Mastercard credit cards are accepted in millions of locations all over the world. Use your card to shop online, make purchases over the counter and withdraw cash from ATMs everywhere Mastercard is accepted.
  • CommBank Awards American Express card options

With the CommBank Awards, Gold, Platinum and Diamond credit cards, you have the option of getting an American Express card and a Mastercard linked to the same account. While both cards share the same credit limit and interest rate, they earn different amounts of points per $1 spent on eligible purchases. This means you can switch between the Amex and Mastercard to maximise your rewards.

How to apply for Commonwealth Bank credit cards

You can apply for a Commonwealth Bank credit card online in a few 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.
  • 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, so make sure you check the specified conditions for any product you wish to apply for.
  • Credit history. You must not be an undischarged bankrupt.

Other conditions may apply depending on the card. You can find this information listed on our 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 (such as your weekly food budget).
  • 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.

What happens next when applying for a CBA credit card?

After applying for a CommBank credit card, you will be kept informed as to the progress of your application. CommBank will contact you if more information is required during this process.

If your application is approved and you are new to the Commonwealth Bank, you will need to undergo an identity check. Commonwealth Bank will contact you with details of what you need to provide as proof of identification (typically this will include your Australian State or Territory driver's licence or passport). After all this information has been fully verified and the application process is complete, you will receive your Commonwealth Bank credit card within 10 working days. You can then activate your new CBA credit card via NetBank, in a branch or by calling 13 22 21.

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.

Commonwealth Bank Awards do not expire, providing you remain a member of the program.
If you have a Commonwealth Bank Awards credit card, you earn Commonwealth Bank Awards points when you make an eligible purchase. Eligible purchases include everyday transactions such as buying your groceries or filling your car up with petrol. Points are not awarded for cash transactions. These types of transaction include cash advances, paying government fees and charges, credit card fees and charges and business expenses. Check the Commonwealth Bank Awards terms and conditions for a full list of transactions that are ineligible to earn Commonwealth Bank Awards Points.
The annual fee is charged to your card and added to your account balance. If you don’t repay your balance in full by the end of the statement period, interest will be applied to the annual fee (as well as any other transactions that have contributed to your balance).
After applying for a Commonwealth Bank credit card, you should have a response within minutes from the bank letting you know the status of your credit card application. Your application can be approved, declined or conditionally approved. If the bank needs any more information from you to support your application, you will be notified about the next steps on the email you provided during the application. Usually, by providing information like your driver's licence number or passport number during the application, Commonwealth Bank is able to verify your identity online; however, if you were not able to provide this information, you may be required to submit a written identity verification form to the bank, including legally verified copies of eligible identification documents. After all the information has been fully verified, you will receive your Commonwealth Bank credit card within 10 working days if approved. You will then need to activate your new CBA credit card over the phone before it can be used.
If you want to take advantage of a Commonwealth Bank balance transfer offer, you can elect to transfer a balance when you apply for the credit card online. There’s a section within the application that asks you if you want to carry out a balance transfer. If you select "yes", you will then be prompted to enter details including the name of the financial institution you want to transfer a balance from, the card number of the accounts and the amount you want to transfer from each eligible account.
The amount you can balance transfer varies depending on your personal financial circumstances, the credit card and your approved credit limit. If the available credit on your Commonwealth Bank account cannot accommodate the full dollar amount you wish to transfer, CommBank will transfer a portion of your available limit.
Once you submit a request for a balance transfer, it will be processed within 5-10 working days. Any applicable balance transfer offer will begin after this time. Please continue to make necessary payments on your existing account until the balance transfer has been fully processed.
If you owe less than $25, your minimum payment is the amount you owe. Any amount you owe that exceeds your credit limit must be repaid immediately. Otherwise, your minimum payment for a personal or Awards Business CommBank credit card is the greater of:

  • 2% of the closing balance, rounded down to the nearest dollar
  • $25

If you have a business credit card other than an Awards option, the minimum payment is either $75 or 2.5% of the balance (whichever is greater).

If you would like to cancel your Commonwealth Bank credit card and close your account, you need to make sure that you have paid back the balance in full. If you’re not carrying a balance on your Commonwealth Bank credit card, you can cancel your card at anytime by calling the Commonwealth Bank on 13 22 21 or by visiting a Commonwealth Bank branch.
Back to top

Read more on this topic

NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
St.George Vertigo Platinum Credit Card
St.George Vertigo Platinum Credit Card

Interest rate

12.74

Annual fee

99

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

72 Responses

  1. Default Gravatar
    wendyJune 8, 2017

    I am about to travel overseas. Is the platinum card travel insurance automatic? Or do I need to notify someone, or activate it in some way?

    • Staff
      ArnoldJune 8, 2017Staff

      Hi Wendy,

      Thanks for your inquiry.

      The complimentary insurance takes effect when you use the card in booking your tickets. Basically, your ticket will be your proof.

      Hope this information helped.

      Cheers,
      Arnold

  2. Default Gravatar
    NormJanuary 9, 2017

    I would like to know if my current credit card can be upgraded and obtain a better interest rate.

    • Staff
      AnndyJanuary 10, 2017Staff

      Hi Norm,

      Thanks for your question.

      Credit card upgrading or getting a lower interest rate for your existing card is something that you can negotiate by directly getting in touch with your bank.

      Our guide on how credit card upgrading works may help.

      Cheers,
      Anndy

  3. Default Gravatar
    November 29, 2016

    Ive applied for a credit card last month and as yet still have not heard back from u…obviously i wasn’t granted one you could have had tbe de ency to let me know….i can easily go bank elsewhere as where i will get a response back ….cba not good enough …from one unhappy customer

    • Staff
      MayNovember 30, 2016Staff

      Hi Bev,

      Thanks for your comment and I’m sorry to hear about your negative experience.

      Generally, banks do not give their applicants notices when their application was rejected or declined. If you are approved, the usual notification period and the possible time that you can receive your card is between 1-2 weeks.

      Meantime, if you are planning on applying for another credit card in the future, you may want to check this page to compare your options. Although just want to give you a heads-up that if your first application was declined, you may want to wait for a few months before you apply again so that you can avoid enquiries on your credit file.

      Hope this helps.

      Cheers,
      May

  4. Default Gravatar
    NevinOctober 26, 2016

    I have lost my credit card. What should I do?

    • Staff
      JasonOctober 26, 2016Staff

      Hi Nevin.

      Thank you for your inquiry.

      I’m sorry to hear that you’ve lost your credit card. Please contact your bank as soon as possible and have the card locked or cancelled to avoid unauthorized use and process a card replacement request.

      I hope this helps.

      Cheers,
      Jason

  5. Default Gravatar
    alexanderApril 21, 2016

    Does a Bankwest credit and debit master card have the same benefits as its Commonwealth counterparts? Thank you.

    • Staff
      MayApril 22, 2016Staff

      Hi Alexander,

      Thanks for your inquiry.

      Most debit and credit card brands in the market may have more or less the same features, however, most likely, they would differ from the benefits they offer and they have different terms and conditions that govern their products, even if these brands are underwritten by the same institution. If you would like to make a comparison with Commonwealth Bank cards, you can get and find more information on Bankwest credit cards here and on Bankwest Debit MasterCard on this page.

      I hope this helps.

      Cheers,
      May

  6. Default Gravatar
    LeanneOctober 6, 2015

    to have my commonwealth rewards transferred to either Frequent Flyer Qantas points or VIrgin Velocity points what do I do?

    • Staff
      JonathanOctober 6, 2015Staff

      Hi Leanne, thanks for your inquiry!

      Please refer to the link I have sent to your email for redeeming Qantas Frequent Flyer or Virgin Velocity points.

      Cheers,

      Jonathan

  7. Default Gravatar
    SueSeptember 11, 2015

    Do you have a credit card that has a no interest free period?

    • Staff
      JonathanSeptember 11, 2015Staff

      Hi Sue, thanks for your inquiry!

      Please refer to the following link for 0% purchase credit cards.

      Cheers,

      Jonathan

  8. Default Gravatar
    JohnAugust 12, 2015

    My parents have a mastercard in my fathers name and he passed away a couple of years ago, my mother believes that bank informed her as he had passed she need to sent a copy of death notice and his card would be paid out? is that true

    • Staff
      SallyAugust 12, 2015Staff

      Hi John,

      Thank you for your comment and we’re sorry to hear about your loss.

      There are a few steps that need to be taken manage a Commonwealth Bank after death.

      I’ve emailed you a PDF of the guide via email, which includes a list of your options and a checklist of the documents and information you’ll need to provide the bank with.

      I hope this has helped.

      Thanks,

      Sally

  9. Default Gravatar
    BevAugust 1, 2015

    I understand that when we pay for our airline travel with our CBA Gold Mastercard, we receive travel insurance automatically. Could you please advise me up to what maximum age of a cardholder/family member does the travel insurance apply? My husband has just turned 80, we intend travelling next year, will this insurance still cover him?

    • Staff
      JonathanAugust 3, 2015Staff

      Hi Bev,

      Thank for your inquiry.

      There are restrictions for persons aged 80 years or older for the CBA international travel insurance. Please refer to page 8 of the PDF I have sent to your email for the terms on this policy.

      I hope this has answered your question.

      Cheers,

      Jonathan

  10. Default Gravatar
    DianaMay 31, 2015

    I will be traveling in Europe in July. What card would you recommend I take? What are the fees will you charge for cash withdraws and over counter transactions while I am over there and what are you exchange rates with the Euro.

    • Staff
      sally.mcmullen@hiveempire.comJune 1, 2015Staff

      Hi Diana,

      Thank you for your question.

      You have come through to finder.com.au, not Commonwealth Bank.

      As a financial comparison service, we cannot provide you with specific recommendations. Instead, we provide our users with the information they need to make their own decisions.

      On the note, you may want to compare some of your Commonwealth Bank credit card options here or your Commonwealth Bank prepaid travel card options here. You can compare the ATM withdrawal fees and over-the-counter transaction fees on these pages. The exchange rates change frequently, so you can view the most recent rates on the Commonwealth Bank website by clicking the “Go to Site” and “More Info” buttons on these pages.

      I hope this has been of assistance.

      Thanks,

      Sally

Credit Cards Comparison

Rates last updated July 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Premium Card - Exclusive Offer
Exclusive to finder.com.au, enjoy a no BT fee, long-term balance transfer offer with platinum privileges, including travel insurance.
19.74% p.a. 0% p.a. for 24 months $90 p.a. Go to site More info
Qantas American Express Ultimate Card - Online Offer
Apply by 31 July 2017 to earn 100,000 bonus Qantas Points and get 2 American Express Airport Lounge entries each calendar year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
St.George Vertigo Platinum
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to receive a long-term, no fee balance transfer and a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info

* 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.

Ask a question
feedback