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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.
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.
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.
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.
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.
CBA also offers flexible credit card choices for small businesses, with low rate, interest-free days and Awards options available.
Here are some of the convenient features and services you can enjoy with a Commonwealth Bank credit card:
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.
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.
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).
Before you get started, make sure you meet the application requirements for your chosen card. These include:
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:
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.
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.
The CommBank Ultimate Awards credit card offers up to 3 points per $1 spent, airport lounge access and international travel insurance.
The complete Points Finder guide to earning and redeeming CommBank Awards points, including the new airline and hotel options.
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.
Simplify your account management and reward your business spending with points.
Enjoy Awards points for your spending, MYOB and Xero integration and the option of an additional cardholder with the CommBank Business Awards card.
A card designed for students and first-time credit card holders, this low fee card comes with the basic features you need to keep card costs to a minimum and manage your finances with convenience.
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.
The Commonwealth Bank Business Low Rate card offers a competitive interest rate on purchases and cash advances to help you manage your work expenses.
Compare the eligible Commonwealth Bank Awards credit cards that earn Qantas Points.