Compare the Best Credit Cards In 60 Seconds

Credit Cards

Go to site

Commonwealth Bank

Earn 1 Awards point per $1 spent

Commonwealth Bank Awards Credit Card

Balance transfer

Not Available

Purchase rate

20.99%

Annual fee

$96 per year

The CommBank Awards Credit Card is an entry-level rewards card that earns 1 point per $1 spent on eligible spending, which includes most everyday purchases.

Highlights

The Commonwealth Bank Awards card will earn rewards lovers 1 Award point per $1 spent.

Since this card works on the Mastercard network, in addition to being able to use it at over 32 million locations around the world, you can live it up with the Mastercard Priceless program which offers cardholders exclusive access to dining, sporting and entertainment events in a number of cities around the world. And when the time comes to make a payment, you won't even need your wallet, as Apple Pay is also available.

The annual fee is just $96, which is low for a rewards card and overseas purchases have a 3.5% foreign exchange margin added on your MasterCard.

The lock, block and limit feature of the Awards Credit Card gives you added security when you need it. For instance if you accidentally misplace your card you can put a temporary block on the card while you look for it, and then unlock it again when its found. You can block overseas transactions (online or in store), give yourself a set per transaction purchase limit and block any ATM cash withdrawals.

Main features

Rate type	Rate %	Duration
Balance transfers	-	-
Purchases	20.99% p.a.	-

Fees

Fee type	Fee %	Min fee $
Cash advances	3%	$4

Fixed Fees

Fixed fees	Fee $	Fee amount
Annual fee	$96	per year
Monthly fee	-	-

More information

CommBank Awards Card features and benefits:

Offer 1 Awards point per $1 spent on eligible purchases, up to and including $2,000 in a statement period.

Get an unlimited points per year.

Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers2 in the CommBank app.

Monthly fee of $8 per month or $96 annually

20.99% p.a. interest rate on purchases

Up to 44 days interest-free on purchases

No additional cardholder fee

Minimum credit limit of $500

Complimentary access to book flights and hotels for eligible customers via Travel Booking (Provided by Hopper).

Complimentary Purchase Security and Extended Warranty insurance provided by Cover-More.

Terms & conditions

Earn 1 Awards point for every $1 spent on eligible purchases, up to and including $2,000 in statement period. Once you have spent $2,000 in any given statement period, you will earn 0.5 Awards points for every $1 you spend on any other purchases within that period. You will not be able to opt-in to earn Qantas Points.

The CommBank Yello Cashback Offers program (‘CommBank Yello Cashback Offers’) rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on our website at commbank.com.au) (‘CommBank Yello’). Your participation in CommBank Yello Cashback Offers is governed by the full Terms and Conditions available in the CommBank app.

Compare Club Australia Pty Ltd (CCA) is a corporate authorised representative (AFS Representative number 001279036) of Alternative Media Pty Ltd (AFS License number 486326). CCA is a credit rep (Credit Representative Number 519886) of Alternative Media Pty Ltd (ACL Number 486326). The financial products compared on this website do not necessarily compare all features and products in the market that may be relevant to you.

Comparisons are made on the basis of price only and different products may have different features and different levels of coverage. Not all products are available to all customers. Information found on the Compare Club website is for general purposes only. Before using our website, you must review our Terms of Use, the Privacy Policy, Financial Services Guide (Life Insurance Products), Financial Services Guide (General Insurance) and Credit Guide (Home Loans).

Compare Club acknowledges the traditional owners of the lands on which we work. We pay our respect to Elders past, present and emerging, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.

While we endeavour to provide information that is accurate and up to date, we make no warranties or representations about the accuracy, completeness, reliability or suitability of the information, graphics, products or services offered or contained on the website. Therefore, any reliance placed on the information provided on the CompareClub website is at the user's own risk. When reviewing offers from external websites or companies, please review their terms and conditions. We have no control over these companies, their offers, website content, products/services, or the availability and nature of their products/services. Links found on the CompareClub website do not necessarily imply an endorsement or recommendation of the information or views that are expressed by the external party.