Bonus points: 100,000
Purchase rate: 20.99% p.a.
Reward points per $ spent: 0.5
Annual fee: $420 p.a.

Our verdict

Offers up to 100,000 CommBank Yello points and up to $600 in Travel Credits, plus no international transaction fees.

The CommBank Ultimate Credit Card offers $300 in Travel Credits and 50,000 CommBank Yello points when you spend $9,000 on eligible purchases within 90 days of activating your card. You get another 50,000 bonus points if you keep the card for more than 12 months. You also get a $25 monthly Travel Credit (up to $300 a year) for use on Travel Booking. To earn points, you need to be eligible for CommBank Yello, which includes holding an eligible transaction account.

You'll earn 2 points per $1 on international transactions, while other eligible spending earns between 0.5 and 1.5 points per $1 depending on your Yello tier. The $35 monthly fee ($420 a year) is waived for statement periods where you spend at least $4,000. Just keep in mind this waiver will be removed from your first statement issued on or after 1 January 2027, after which the $35 monthly fee will apply.

Other perks include a $10 monthly dining credit through Dine In Deals, DashPass membership, a $10 monthly DoorDash credit, 2 complimentary airport lounge passes per year and included international travel insurance.

Pros

Up to 100,000 bonus Yello points and up to $600 in Travel Credits
0% foreign transaction fees on purchases made overseas or online
Monthly travel, dining and DoorDash credits, plus 2 lounge passes a year

Cons

Purchase rate of 20.99% p.a. is relatively high
The base earn rate is as low as 0.5 points per $1 unless you reach a higher Yello tier
$35 monthly fee if the $4,000 minimum spend isn't met

Details

Product details

Product Name	CommBank Ultimate Credit Card
Purchase rate p.a.	20.99%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Card type	Mastercard

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	CommBank Yello / Qantas Frequent Flyer
Bonus points	100,000
Rewards points per $ spent	0.5
Rewards points cap	N/A

Fees

Annual fee	$420
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% of transaction value or $4, whichever is greater
Overseas cash advance fee	3% of transaction value or $4, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

You can apply for the CommBank Ultimate 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 introductory offer is only available to new Ultimate cardholders. This means you cannot hold or have held any Awards card types in the last 24 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.

Credit history. You must have a good credit score with no current bankruptcies to receive approval. You can get your credit score and copy of your comprehensive credit report for free through Finder.
Age. You must be at least 18 years old.

Required documents

Personal information. This includes your full name, residential address and contact details.
Proof of identification. You'll need to provide proof of identification such as your Australian driver's licence or passport.
Income and employment. Confirm your annual income and current place of employment. You may also need to provide your employer's contact information.
Finances. This includes your regular expenses as well as information about any savings, investments, assets or liabilities like existing debts or loans.

Card benefits

Up to 100,000 bonus CommBank Yello points. Get 50,000 Yello points when you spend $9,000 on eligible purchases within 90 days of activating your card and become eligible for CommBank Yello within that period. Keep your account open for more than 12 months and remain Yello eligible at your 12-month card anniversary to get another 50,000 points.
Up to $600 in Travel Credits. Get $300 in Travel Credits when you spend $9,000 on eligible purchases within the first 90 days of activating your card. You can also get a $25 Travel Credit each month, worth up to $300 a year, while you meet the eligibility requirements. To claim the initial $300 Travel Credit, log into the CommBank app or NetBank and access Travel Booking within 90 days after the end of your spend period. You don't need to be Yello eligible to receive the Travel Credits.

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.
CommBank Yello points. Earn uncapped Yello points on eligible purchases when you're eligible for CommBank Yello, which includes holding an eligible CommBank transaction account. You'll earn 2 points per $1 on international transactions made in-store and online. Other eligible spending earns 1.5 points per $1 at Diamond, 1 point at Gold, 0.75 points at Plus and 0.5 points at the base Yello tier. From 1 October 2026 to 30 September 2027, you'll earn bonus points through Travel Booking, including 20.5 to 21.5 points per $1 on hotels and car hire and 10.5 to 11.5 points per $1 on flights, depending on your Yello tier. You can also earn 1.5 to 6.5 points per $1 when dining through Dine In Deals. Points aren't earned on BPAY, cash advances, balance transfers or ATO payments. Ultimate cardholders can opt in to Qantas Frequent Flyer, with points converting at 3 Yello points to 1 Qantas Point for a $149 annual fee.
$10 monthly dining credit. Get a $10 credit each month to use at participating restaurants through Dine In Deals, provided by EatClub in the CommBank app. Unused credits roll over and expire 12 months after they're issued. The credit is available in statement periods where the monthly fee is charged or waived after meeting the $4,000 spend requirement.
DashPass membership and $10 monthly DoorDash credit. Get complimentary DashPass membership, valued at $120 a year, with $0 delivery fees and reduced service fees on eligible orders when your Ultimate card is saved as a payment method in DoorDash. You'll also get a $10 DoorDash credit each month on orders with a subtotal over $50. The credit must be used in the calendar month it's issued, and any unused amount is forfeited after one order.
SurePay Instalment Plan. The CommBank Ultimate Credit Card's SurePay Plan offers a flexible way to manage your card balance and purchases by splitting the cost into fixed monthly repayments. You can get 0% interest on purchases of $100 or more, plus a set up fee. If your card balance is $600 or more you can split it into multiple fixed monthly payments. There's no fee for this option and you just pay your normal card interest rate. You can do the same with a cash advance balance too.
Included international travel insurance. You, your spouse and dependent children can be covered for overseas medical expenses, baggage and travel delays, cancellation costs and more when you spend at least $500 on prepaid travel in a single transaction with your card and activate your cover in the CommBank app before leaving Australia. Terms, conditions and exclusions apply.
Included cracked screen cover. Get reimbursed for eligible mobile phone screen repairs, with 1 claim per year up to $1,000 and a 10% excess. To qualify, you must have purchased the phone with an eligible CommBank card or pay your phone plan with one. Cover applies for up to 3 years from the date you bought the phone.
Airport lounge access via Mastercard Travel Pass. Register your card with Mastercard Travel Pass, provided by DragonPass, to get 2 free lounge visits per year at more than 1,300 airport lounges. Each visit can be used by you or a guest, although guests must be accompanied by the primary cardholder.
Mastercard Travel Rewards. Get cashback offers when you travel overseas and shop with participating merchants. Browse the current offers through the Mastercard Travel Rewards website and pay in the currency shown for each offer and meet any other conditions to get a cashback credit on your account.
Mobile wallet compatibility. Link your account with Apple Pay, Samsung Pay and Google Pay to tap and pay with your smartphone or device. You can also use your fitness tracker to make contactless payments with Fitbit Pay and Garmin Pay.
Security. You can set transaction limits, lock international transactions and block cash advances through NetBank or the CommBank app. Your account is also monitored by 24-hour fraud protection to detect any abnormal transactions and you'll be protected against fraud with Mastercard Zero Liability.

Rates & fees

Monthly fee. This card charges a $35 monthly fee, which is waived if you spend at least $4,000 on your Ultimate credit card during the statement period. If you pay the monthly service fee each month, it would add up to $420 over a year. The fee waiver will be removed from your first statement issued on or after 1 January 2027, after which the $35 monthly fee will apply regardless of your spend.
Purchase interest rate. This card charges a 20.99% p.a. purchase interest rate.

Interest-free days. When you pay your balance in full by the statement due date, you can save with up to 44 days interest-free on purchases.
Cash advances. If you use your card to make a cash advance, you'll be charged the 21.99% p.a. cash advance interest rate and the cash advance fee of 3% or $4 of the transaction value (whichever is greater).
Additional cardholders. You can apply for 1 supplementary card for a partner or family member for $0.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. CommBank Ultimate credit card information PDF
2. CommBank Ultimate credit card TMD

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

CommBank Ultimate Credit Card

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