CommBank Credit Cards
Commonwealth Bank offers everything from low interest rates and fees to Awards points and perks, designed for every type of spender.
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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
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.
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.
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.
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.
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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CommBank Neo card
A new type of credit card to the Australian market, the CommBank Neo doesn’t charge any interest but has a monthly fee instead. Find out more in our comprehensive review.
CommBank Ultimate Awards credit card
The CommBank Ultimate Awards credit card offers up to 3 points per $1 spent, airport lounge access and international travel insurance.
Commonwealth Bank Awards Program
The complete Points Finder guide to earning and redeeming CommBank Awards points, including the new airline and hotel options.
CommBank Essentials Credit Card
With low credit limit options and monthly account-keeping fees instead of an annual fee, the CommBank Essentials can help keep your credit card spending in check.
CommBank Business Platinum Awards Credit Card
Simplify your account management and reward your business spending with points.
CommBank Business Awards Credit Card
Enjoy Awards points for your spending, MYOB and Xero integration and the option of an additional cardholder with the CommBank Business Awards card.
CommBank Business Interest-Free Days credit card
The CommBank Business Interest-Free Days credit card gives you a way to manage cash flow and offers integration with MYOB and Xero accounting software.
CommBank Business Low Rate Credit Card
The Commonwealth Bank Business Low Rate card offers a competitive interest rate on purchases and cash advances to help you manage your work expenses.
How to earn Qantas Points with a Commonwealth Bank credit card
Compare the eligible Commonwealth Bank Awards credit cards that earn Qantas Points.
CommBank Diamond Awards Credit Card
The Commonwealth Bank Diamond Awards credit card offers a range of benefits including complimentary insurance covers, bonus points and up to one million points per year.