Commonwealth Bank Credit Cards

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From low fee and low rate cards through to platinum, diamond and rewards options, the Commonwealth Bank has a wide range of credit cards to suit your needs.

The Commonwealth Bank has the largest customer base of any Australian bank and has the largest financial services distribution network in the country.

Commonwealth Bank credit cards cater to a variety of customer needs, with both budget and premium options available. It’s also one of the only lenders to offer a student credit card. Learn more and compare Commonwealth Bank credit cards here.

Comparison of Commonwealth Bank Credit Cards

CommBank’s Personal Credit Cards

If you need a card to cover your everyday costs, Commonwealth Bank offers many credit card options for personal use. Whether you want to save on interest costs and annual fees, consolidate debts with a low balance transfer offer, earn reward points as you spend or take advantage of premium perks with a Gold, Platinum or Diamond card, there’s an option for almost every type of cardholder.

Rates last updated April 24th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Commonwealth Bank Low Rate Credit Card
This card offers a low ongoing rate of 13.24% p.a. on purchases, combined with a promotional balance transfer rate and up to 55 days interest-free on purchases.
13.24% p.a. 5.99% p.a. for 5 months $59 p.a. More info
Commonwealth Bank Low Fee Credit Card
Enjoy $0 annual fee for the first year and each year you spend at least $1,000 in the previous year. Plus receive up to 55 interest-free days on purchases.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($29 p.a. thereafter) More info
Commonwealth Bank Low Fee Gold Credit Card
Receive $0 annual fee for the first year and each year if you spend at least $10,000 in the previous year. Also enjoy up to 55 interest-free days on purchases and Gold card privileges such as included travel insurance.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($89 p.a. thereafter) More info
Commonwealth Bank Awards Credit Card
A dual credit card which lets you earn up to 1.5 Awards points per dollar spent.
20.24% p.a. 5.99% p.a. for 5 months $59 p.a. More info
Commonwealth Bank Gold Awards Credit Card
Earn up to 2 Awards points for every $1 spent and enjoy included travel insurance.
20.24% p.a. 5.99% p.a. for 5 months $119 p.a. More info
Commonwealth Bank Low Rate Gold Credit Card
A low rate card that comes with up to 55 days interest-free on purchases and included international travel insurance.
13.24% p.a. 5.99% p.a. for 5 months $89 p.a. More info
Commonwealth Bank Platinum Awards Credit Card
Receive Platinum benefits including up to 2.5 Awards points per dollar spent, included travel insurance and 24/7 concierge.
20.24% p.a. 5.99% p.a. for 5 months $249 p.a. More info
Commonwealth Bank Diamond Awards Credit Card
Earn up to 3 Awards points per $1 spent with a limit of 1 million points per year.
20.24% p.a. 5.99% p.a. for 5 months $349 p.a. More info
Commonwealth Bank Student Credit Card
Manage your spending with a $0 annual fee for the first year and up to 55 days interest-free on purchases.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($29 p.a. thereafter) More info

CommBank's Business Credit Cards

Commonwealth Bank offers a variety of options for cardholders who are looking to manage their business expenses with a credit card. You can cut down on regular credit card costs with low and waived annual fees, up to 55 interest-free days and low promotional balance transfer rates. You can also take advantage of extra benefits including additional cardholders, included international travel insurance, the Awards program and cash back rewards depending on the card you choose.

Rates last updated April 24th, 2017
Points per $ spent Complimentary Travel Insurance Cover Annual fee Interest Free Period Minimum Income
Commonwealth Bank Business Awards Credit Card
Enjoy up to 1.5 Awards points for every dollar spent plus up to 55 days interest-free on purchases.
VISA/MC: 1 AMEX: 1.5 N/A $100 p.a. Up to 55 days on purchases Go to site More info
Commonwealth Bank Business Interest-Free Days Credit Card
Manage your business expenses with up to 55 interest-free days on purchases and an unsecured credit limit of up to $50,000.
N/A $60 p.a. Up to 55 days on purchases Go to site More info
Commonwealth Bank Business Awards Platinum Credit Card
Earn up to 3 Awards points per dollar spent and enjoy a range complimentary insurances.
VISA/MC: 1 AMEX: 3 6 months $300 p.a. Up to 55 days on purchases Go to site More info
Commonwealth Bank Business Gold Awards Credit Card
A business credit card with a range of complimentary insurances and up to 2 Awards points per $1 spent on purchases.
VISA/MC: 1 AMEX: 2 3 months $150 p.a. Up to 55 days on purchases Go to site More info
Commonwealth Bank Business Low Rate Credit Card
A business credit card featuring a low interest rate with $0 annual fee and higher credit limits. Subject to eligibility.
N/A $0 p.a. More info
Commonwealth Bank Corporate Low Rate Credit Card
Receive a competitively low interest rate on purchases, manage business expenses and minimise costs with customised card controls.
N/A $40 p.a. More info
Commonwealth Bank Corporate Charge Card
Corporate card designed for larger organisations. Take control of business, travel and procurement expenses with electronic reporting and management.
N/A $40 p.a. Up to 31 days on purchases More info

The benefits of banking with the Commonwealth Bank

Commonwealth Bank credit cards offer the following benefits:

    • 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.

    • 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.

    • 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.)

    • 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 to accounts in Australia and overseas.

  • 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 you’re account is compromised while you’re using the MasterCard payment networks (shopping over the counter or online), the MasterCard Zero Liability Guarantee 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.

How to apply for Commonwealth Bank credit cards

If you want to apply for a Commonwealth Bank credit card, standard credit card application requirements need to be met. 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 making a decision about your credit card application. You will need to provide the following information about yourself to support your application.

Required documents

  • 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 does 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 CBA credit card, you will be kept informed as to the progress of your application. If the bank requires any more information, you will be contacted within five days.

If you application is approved, you will need to undergo an identity check if you are a new Commonwealth Bank customer. 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

We’ve provided answers to some of the most common questions we get about Commonwealth Bank credit cards below. If you can’t find an answer to your question on this page, get in touch with us by leaving a question 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. 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.

Does the annual fee collect interest?

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 purchases that have contributed to your balance).

What happens after I apply for a Commonwealth Bank Credit Card?

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 drivers 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.

How do I transfer a balance to a Commonwealth Bank credit card?

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.

How much can I balance transfer to a Commonwealth Bank credit card?

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 within your available limit.

When does my balance transfer promotion begin?

Once you submit a request for a balance transfer, it will be processed within 5-10 working days. Your balance transfer offer will begin after this time.

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.
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70 Responses to Commonwealth Bank Credit Cards

  1. Default Gravatar
    Norm | January 9, 2017

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

    • Staff
      Anndy | January 10, 2017

      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

  2. 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
      May | November 30, 2016

      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

  3. Default Gravatar
    Nevin | October 26, 2016

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

    • Staff
      Jason | October 26, 2016

      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

  4. Default Gravatar
    alexander | April 21, 2016

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

    • Staff
      May | April 22, 2016

      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

  5. Default Gravatar
    Leanne | October 6, 2015

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

    • Staff
      Jonathan | October 6, 2015

      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

  6. Default Gravatar
    Sue | September 11, 2015

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

    • Staff
      Jonathan | September 11, 2015

      Hi Sue, thanks for your inquiry!

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

      Cheers,

      Jonathan

  7. Default Gravatar
    John | August 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
      Sally | August 12, 2015

      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

  8. Default Gravatar
    Bev | August 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
      Jonathan | August 3, 2015

      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

  9. Default Gravatar
    Diana | May 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.com | June 1, 2015

      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

  10. Default Gravatar
    lorraine | May 20, 2015

    What is the postal address for MasterCard payments? I know it is locked bag, but don’t have the number.

    Thank you, Lorrane

    • Default Gravatar
      laurel | May 25, 2015

      Where is the cvv on my Commonwealth bank American Express credit card?

    • Staff
      Jonathan | May 25, 2015

      Hi Laurel, thanks for your inquiry!

      The Cvv is typically found on the back of the card as a 3 digit number.

      Cheers,

      Jonathan

    • Staff
      Jonathan | May 20, 2015

      Hi Lorraine, thanks for your inquiry!

      Unfortunately no postal address is provided on the Commonwealth Bank website. Credit card payments can be made via Netbank. Please refer to the contact details I have sent to your email for any further inquiries in regards to credit card payments.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated April 24th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. 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.

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