CommBank Awards Program
As of October 2026, CommBank Awards has been replaced by CommBank Yello.
CommBank closed the Awards program on 29 September 2026. CommBank Yello points replace Awards points as the way to earn, if you meet the eligibility criteria. Check CommBank's website for what happens to any Awards points you still hold.
The Commonwealth Bank's Awards program offered points for every $1 you spend on eligible purchases made with a CommBank Awards credit card. You could redeem these points for rewards including travel, shopping, gift cards and frequent flyer points.
How to earn CommBank Awards points
If you had a Commonwealth Bank Awards credit card prior to October 2026, you will earn points for your everyday spending. These points were automatically added to your CommBank Awards account.
| Credit card | Earn rate | Points cap (per year) |
|---|---|---|
| CommBank Awards | 1 point per $1 on eligible spending | No annual points cap |
| CommBank Ultimate Awards | Spending up to $10,000 in a statement period:
Spending above $10,000 in a statement period:
| No annual points cap |
| CommBank Smart Awards | Spending up to $5,000 in a statement period:
Spending above $5,000 in a statement period:
| No annual points cap |
| CommBank Business Awards | 1 point per $1 on eligible spending | 60,000 |
What is "eligible spending"?
Most everyday spending could earn points, including shopping at the supermarket, buying petrol or paying for dinner. Transactions that aren't eligible for points include BPAY payments, cash advances and payments made to the Australian Taxation Office (unless made with a CommBank Business Awards card).
What rewards could you get with CommBank Awards points?
You could redeem your points for a range of rewards across the following categories:
Shop or pay with points at partnered stores
- Shop with points at Myer. Redeem CommBank Awards points when you shopped online through myer.com.au, or when shopping in-store at Myer.
CommBank Awards website rewards
- Gift cards. You could also redeem your points for gift cards to use in a number of stores including Myer, Coles, RedBalloon, and rebel. The number of points you needed to redeem depended on the dollar amount of the gift card.
- Cashback. This redemption converts your points into credit on your card. If you chose the cashback reward option, your points will be deducted and a credit will take up to 10 days to appear on your card account.
- Retail items. You can redeem your points for technological gadgets, home and personal electronics, sporting goods and more. You can pay with points or choose to pay with a mixture of points and cash.
Frequent flyer reward option
You could transfer CommBank Awards points to Virgin Australia's Velocity Frequent Flyer program. With Velocity Frequent Flyer, every 2 CommBank Awards points converted to 1 Velocity Point.
How much are CommBank Awards points worth?
There was no fixed value for CommBank Awards points because each reward had a different dollar value. This is the same with most reward programs that offer a mix of different rewards.
The CommBank Awards program also didn't list details of how many points you need for different rewards unless you log in to your account. But once you've logged in, you can work out the value of your points by dividing the dollar value of a reward by the number of points needed to redeem it.
Picture: Commonwealth Bank
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Can I earn rewards points on a comm bank credit card to use in conjunction with my Emirates Skywards programe. If so which is the advised credit card to use.
Hi Terrence,
You can currently convert 4 CommBank Awards points to 1 Skywards Mile with a CommBank Awards, CommBank Platinum Awards, CommBank Diamond Awards or CommBank Ultimate Awards credit card. You can compare details of these cards in this guide or look at Finder’s Commonwealth Bank Credit Cards guide to help you choose a card. Hope that helps.
I am confused how to claim Quantas points are they automatically transferred to the account? what do I have to do to have this transferred, I believe I use to have this automatically as before or has this all changed?
Hello Jancey,
Thank you for reaching out to us.
For you to convert your CommBank Awards points to Qantas points, you will need to manually opt-in to Qantas Frequent Flyer Direct rewards program. Once enrolled, you will need to pay $30 each year then your points will be automatically credited to your Qantas frequent flyer account monthly.
You may visit our guide to the Qantas Frequent Flyer Program to know how to join the program. You can also review your card’s Product Disclosure Statements/Terms and Conditions for more details.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash