In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
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CommBank Awards Credit Card
Terms and conditions apply
Purchase rate
20.99% p.a.
Reward point per $ spent
Annual fee
$96 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers Awards points per $1 spent, with a 20.99% p.a. interest rate for purchases and $8 monthly fee.

The Commonwealth Bank Awards Credit Card is an entry-level rewards card that earns 1 point per $1 on eligible spending, including most everyday purchases.


  • Uncapped CommBank Awards points per year
  • Free additional cardholders
  • Compatible with Apple Pay, Google Pay and Samsung Pay


  • Relatively high 20.99% p.a. interest rate for purchases
  • 3.5% foreign currency conversion fee
  • Doesn't include travel insurance, lounge passes or some of the other perks you can get with other rewards cards

In this guide

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

The CommBank Awards Credit Card offers a choice ways to redeem points through the CommBank Awards program, including cashback, gift cards and point transfers to partners including Velocity Frequent Flyer. Unlike the CommBank Smart Awards and Ultimate Awards cards, this one does not give you the option of earning Qantas Points instead of CommBank Awards Points (effective from 25 August 2023). As this card has a 20.99% p.a. interest rate for purchases, you'll typically get more value from it if you pay the total balance each month so you're eligible for interest-free days on purchases.


Product details

Product Name CommBank Awards Credit Card
Purchase rate p.a. 20.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $500
Card type Mastercard


Available to temporary residents Yes - Conditions apply
Joint application No


Rewards program CommBank Awards Program
Bonus points N/A
Rewards points per $ spent 1
Rewards points cap Uncapped


Annual fee $96
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $20
Foreign currency conversion fee 3.5%
Cash advance fee 3% or $4, whichever is greater
Overseas cash advance fee $4 or 3% of transaction value, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 1

How to apply

You can apply for the Commonwealth Bank Awards Credit Card online. Before you get started, check if you meet the eligibility criteria and have the documents and details you need to complete the application.

Eligibility criteria

  • Residency. You must legally be allowed to work in Australia. If you are not a permanent resident or citizen, you also need to provide valid visa details.
  • Credit history. You must not currently be bankrupt and need to agree to a credit check. If you want to check your credit history before you reply, you can get a copy of your credit report and score for free through Finder.

Card benefits

  • CommBank Awards points per $1 spent. The CommBank Awards Credit Card earns 1 Awards point per $1 on eligible purchases up to $2,000 per statement period, then 0.5 Awards points per $1 on eligible purchases for the rest of that statement period. Eligible purchases include most of your everyday spending, such as supermarket shopping, petrol, dining and travel bookings. You won't earn points for transactions including cash advances, BPAY and payments to the Australian Taxation Office (ATO). These points are uncapped and do not expire.
  • CommBank Awards point rewards. You can redeem points for gift cards, cashback in the form of statement credits, charity donations and retail items from the Awards eShop. You can also pay with points at Myer and Flight Centre or transfer your points to a partnered frequent flyer program, including Velocity Frequent Flyer. CommBank Awards points never expire, but any points you transfer will be subject to the terms and conditions of that rewards program (e.g. Velocity).

Rates & fees

  • Annual fee. This card charges a monthly fee of $8, which adds up to $96 per year.
  • Purchase interest rate. This card has a relatively high 20.99% p.a. variable purchase rate.

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