Compare Commonwealth Bank credit cards with features including low rates, low fees and rewards so you can find a card that works for you.
Comparison of Commonwealth Bank Credit Cards
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 choose between cards that offer low fees, up to 55 interest-free days and rewards. You can also take advantage of extra benefits such as additional cardholders or included international travel insurance, depending on the Commonwealth Bank business credit card you choose.
Win a $5,000 Flight Centre Gift Card
When you apply for a new CommBank Retail or Personal Liability Business Credit Card by 31 October 2017 and activate it by 15 November 2017, you will be automatically entered into a draw to win 1 of 60 Flight Centre Gift Cards valued at $5,000.
Compare CommBank credit cards for personal and business use
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 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 that can be waived when you meet minimum spending requirements for the account. CommBank has low fee credit card 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. CommBank Awards credit cards come with both an American Express and Mastercard option to help you maximise your rewards. You can use the points you earn for rewards such as travel, merchandise and cashback through the CommBank Awards program. You can also choose to redeem Qantas Frequent Flyer or Velocity Points through the Awards program. Please refer to the CommBank Awards guide available on the CommBank website for full details of rewards and terms and conditions.
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).. If you are a student and don't meet this spending requirement, you can present your student ID in a Commonwealth Bank branch after the card's annual fee is charged and request a refund.
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.
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.
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.
Features available on Commonwealth Bank credit cards
Here are some of the features you can also get with a CommBank credit card:
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.
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 Commonwealth Bank 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 but 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.
Do my Commonwealth Bank Awards points expire?
How do I earn Commonwealth Bank Awards points?
Does the annual fee collect interest?
What happens after I apply for a Commonwealth Bank Credit Card?
How do I transfer a balance to a Commonwealth Bank credit card?
How much can I balance transfer to a Commonwealth Bank credit card?
When does my balance transfer promotion begin?
What’s the minimum repayment on my Commonwealth Bank credit card?
- 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).
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?
Hi Wendy,
Thanks for your inquiry
As per CommBank’s website, this insurance is included without a spend requirement but it needs to be activated via NetBank for a cardholder to get full coverage.
Hope this information helps
Cheers,
Arnold
I would like to know if my current credit card can be upgraded and obtain a better interest rate.
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
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
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
I have lost my credit card. What should I do?
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
Does a Bankwest credit and debit master card have the same benefits as its Commonwealth counterparts? Thank you.
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
to have my commonwealth rewards transferred to either Frequent Flyer Qantas points or VIrgin Velocity points what do I do?
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
Do you have a credit card that has a no interest free period?
Hi Sue, thanks for your inquiry!
Please refer to the following link for 0% purchase credit cards.
Cheers,
Jonathan
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
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
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?
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
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.
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