In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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CommBank Smart Awards Credit Card

  • Amy Bradney-George's headshot
CommBank Smart Awards Credit Card
Terms and conditions apply
Bonus points
75,000
Purchase rate
20.99% p.a.
Reward points per $ spent
1.5
Annual fee
$228 p.a.

Our verdict

Offers up to 75,000 bonus CommBank Awards Points or up to 30,000 bonus Qantas Points, with a yearly rewards fee if you choose the Qantas Points option.

The CommBank Smart Awards Credit Card earns up to 1.5 CommBank Awards Points or up to 0.6 Qantas Points per $1 on eligible spending. It also offers a Points Boost for your highest eligible purchase made in each statement period. The current introductory offer gives you a way to get even more value when you first get the card, with 25,000 bonus CommBank Awards points or 10,000 Qantas Points each month you spend $1,500 for the first 3 months of card activation (up to 75,000 Awards points or up to 30,000 Qantas Points).

Pros

  • Up to 75,000 bonus CommBank Awards Points or up to 30,000 bonus Qantas Points
  • Points Boost for highest eligible purchase in each statement period
  • Included international travel insurance
  • No foreign transaction fees
  • Airport lounge access with Mastercard Travel Pass provided by Dragon Pass

Cons

  • Choosing to earn Qantas Points attracts a $60 yearly fee
  • After the first $5,000 spent in a statement period, there is a relatively low earn rate of 0.5 CommBank Awards Points or 0.2 Qantas Points per $1 on eligible spending
  • $19 monthly fee unless you spend at least $2,000 in a statement period
  • Mastercard Travel Pass airport lounge access attracts a fee for each lounge visit
  • Offers up to 44 days interest-free on purchases, compared to other cards that offer up to 55 days

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

Launched in June 2023, the CommBank Smart Awards Credit Card earns points per $1 on all your eligible spending, with other perks including international travel insurance, airport lounge access and no foreign transaction fees.

Details

Product details

Product Name CommBank Smart Awards Credit Card
Purchase rate p.a.
20.99%
Interest-free period
Up to 44 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $3,000
Card type Mastercard

Eligibility

Joint application No

Rewards

Rewards program CommBank Awards Program
Bonus points 75,000
Rewards points per $ spent 1.5

Fees

Annual fee
$228
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $20
Foreign currency conversion fee
0%
Cash advance fee 3% or $4, whichever is greater
Overseas cash advance fee $3 or 3% of the transaction amount, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 1

How to apply

You can apply for the CommBank Smart Awards Credit Card online by filling in a secure application form. To get started, make sure you meet the following eligibility requirements and have all the information you need to complete the application.

Eligibility criteria

  • New cardholders. The bonus points offer is only available to new cardholders. This means you cannot hold or have held any Awards card types in the last 12 months.
  • Residency. This card is available to permanent and temporary residents as long as you have the legal right to work in Australia. You may be asked to provide your visa details if you're not a permanent resident.

Card benefits

  • Up to 75,000 bonus Awards points or up to 30,000 Qantas Points. When you apply as a new customer, you will get 25,000 bonus CommBank Awards Points or 10,000 bonus Qantas Points each month you spend $1,500 on eligible purchases in the first 3 months of activation. A $60 yearly fee applies if you choose to opt-in to earn Qantas Points. The bonus points will appear on your statement within 90 days of meeting the spend requirement.
  • 0% foreign transaction fees. You won't be charged an international transaction fee when you use your card to shop overseas or online with a foreign merchant.

Rates & fees

  • Monthly fee. The $19 monthly fee on this card is waived if you spend at least $2,000 during the statement period.
  • Purchase interest rate. This card charges a 20.99% p.a. interest rate for purchases

Your reviews

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Amy Finder

Editor

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Avatar

Jeffrey

April 30, 2024

does this card cover travel insurance for over 80s without any extra fees. Is travel insurance for over 80s something new? So if I have a CBA Smart Awards CC , there would not be any forms to fill in prior to trave overseas ?


Avatar

Sarah Megginson Finder

June 26, 2024

Hi Jeffrey,


Unfortunately, the complimentary travel insurance has several exclusions, including for pre-existing medical conditions and for people aged 80 years or over for international travel insurance. You would need to take out your own travel insurance policy, as you won’t be covered by your credit card.


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Annie S

December 20, 2023

What sort of fee would there be to access an international airport lounge e.g. at Singapore Airport using the Mastercard Travel Pass?


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Amy Bradney-George Finder

December 27, 2023

Hi Annie,

The fees for lounge entry are typically set by individual lounges and may vary based on details such as the number of guests and the length of the visit, as well as if any benefit is available through Mastercard Travel Pass (such as a discounted entry fee). As a very basic guide, paid lounge entry can range from around $35 to $150 or more – so there is a wide range of prices depending on the lounge, type of visit, any lounge memberships or benefits offered through a credit card/other service. If you have further questions specifically in relation to the feature on this card, you may want to contact CommBank or Mastercard Travel Pass. I hope this helps.


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Julie

October 02, 2023

Is there a minimum income requirement to qualify?


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Amy Bradney-George Finder

October 03, 2023

Hi Julie,

CommBank does not list a minimum income requirement for this card. But you would need to be able to provide details that show you can repay at least the minimum credit limit on this card over a 3-year period. Finder’s guide to minimum income requirements has more details about this that may be helpful too. If you have more questions about this card and CommBank’s application process, you can contact the bank 13 22 21. I hope this helps.


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Donna

September 02, 2023

Re the Awards points on this credit card what can they be used on please?


Avatar

Amy Bradney-George Finder

September 03, 2023

Hi Donna,

You can redeem CommBank Awards Points for gift cards, cashback, frequent flyer point transfers, retail items and more through the CommBank Awards website. You can also use points to pay at Myer and for eligible travel bookings with Flight Centre. I hope this helps.


Avatar

Amy Bradney-George Finder

August 18, 2023

Hi Dorothy,

This card’s included travel insurance provides cover for you, your spouse and your children when they’re travelling with you on a return trip from Australia for up 12 months. The cover just needs to be activated through the CommBank app or by calling insurance provider Cover-More on 1300 467 951. Every travel insurance policy is different. So for full details of this cover, refer to the CommBank Credit Card Insurances Product Disclosure Statement and Information Booklet (here is apdf version, effective 2 June 2023). Or contact the insurance provider. I hope this helps.


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