Commonwealth Bank Credit Cards

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

• Personal Credit Cards
• Business Credit Cards

Updated January 28th, 2020

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Name	Product	Purchase rate (p.a.)	Interest Free Period	Annual fee	Balance transfer rate	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 p.a. annual fee for the first year ($89 p.a. thereafter)	5.99% p.a. for 5 months	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.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Low Rate Gold Credit Card		0% for 15 months, reverts to 13.24% p.a.	Up to 55 days on purchases	$89 p.a.	5.99% p.a. for 5 months	5.99% p.a. for 5 months	Keep interest costs low with a 0% p.a. introductory rate on purchases for 15 months. Plus, access to complimentary insurance covers.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Platinum Awards Credit Card		20.24% p.a.	Up to 55 days on purchases	$249 p.a.	5.99% p.a. for 5 months	5.99% p.a. for 5 months	Get 100,000 bonus Awards points when you spend $4,000 on eligible purchases within the first 90 days.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Awards Credit Card		20.24% p.a.	Up to 55 days on purchases	$59 p.a.	5.99% p.a. for 5 months	5.99% p.a. for 5 months	Get 30,000 bonus Awards points when you spend $2,000 on eligible purchases with your new card within the first 90 days.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Diamond Awards Credit Card		20.24% p.a.	Up to 55 days on purchases	$349 p.a.	5.99% p.a. for 5 months	5.99% p.a. for 5 months	Earn 1.25 Awards points per $1 spent up to 1 million points per year. Plus, international travel insurance and Mastercard Traveler Rewards.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Low Rate Credit Card		13.24% p.a.	Up to 55 days on purchases	$59 p.a.	5.99% p.a. for 5 months	5.99% p.a. for 5 months	Get a low variable purchase rate, 5% cashback on purchases made in the first 3 months (capped at $100 per month) and a 5-month balance transfer.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Low Fee Credit Card		19.74% p.a.	Up to 55 days on purchases	$0 p.a. annual fee for the first year ($29 p.a. thereafter)	5.99% p.a. for 5 months	5.99% p.a. for 5 months	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.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Essentials Credit Card		9.9% p.a.	Up to 55 days on purchases	$60 p.a.			Save with a low 9.9% p.a. interest rate on purchases. Plus, add an additional cardholder for $0.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Ultimate Awards Card		20.24% p.a.	Up to 55 days on purchases	$420 p.a.	5.99% p.a. for 5 months	5.99% p.a. for 5 months	Earn up to 3 Awards points / $1 spent, save with 0% international transaction fees and gain access to over 1,000 airport lounges.	More Info	Compare	loading Fetching your data...

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Updated January 28th, 2020

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Name	Product	Bonus Points	Rewards Program	Rewards Points per $ spent	Purchase rate (p.a.)	Annual fee
Commonwealth Bank Business Interest-Free Days Credit Card					17.57% p.a.	$60 p.a.	Receive up to 55 days interest-free on purchases and integrate your online accounting software with your credit card transactions.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Business Awards Credit Card		30,000 bonus points		Visa/MC 1	20.74% p.a.	$100 p.a.	Earn 1 Awards point per $1 spent, easily integrate your online accounting software, plus receive complimentary Transit Accident Insurance.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Business Platinum Awards Credit Card		100,000 bonus points		Visa/MC 1	20.74% p.a.	$300 p.a.	Earn 1 Awards point per $1 spent, and receive complimentary travel, transit accident and unauthorised transaction insurances.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Business Low Rate Credit Card					14.55% p.a.	$0 p.a.	Save on your business credit card costs with an ongoing $0 annual fee, and a low 14.55% p.a. interest rate on purchases.	More Info	Compare	loading Fetching your data...
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.	More Info	Compare	loading Fetching your data...
Commonwealth Bank Corporate Charge Card					N/A	$40 p.a.	Designed for large organisations with significant expenses and reduces processing costs with electronic reporting and management.	More Info	Compare	loading Fetching your data...

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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 range, 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 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.

• Commonwealth Bank Awards Program

The Commonwealth Bank Awards program is one of the largest credit card rewards programs in Australia. Whether you prefer travel or frequent flyer rewards, cashback in your account or to treat yourself to product, there are plenty of ways to redeem your points. 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.

• Do my Commonwealth Bank Awards points expire?

  Commonwealth Bank Awards do not expire, providing you remain a member of the program.

• How do I earn Commonwealth Bank Awards points?

  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 including cash advances, paying government fees and charges, and credit card fees and charges.

• Does the annual or monthly fee collect interest?

  The annual or monthly 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).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.

• What’s the minimum repayment on my Commonwealth Bank credit card?

  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).

• How do I close my Commonwealth Bank credit card account?

  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.