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Commonwealth Bank Awards

Commonwealth Bank Awards

3.5 from 87 reviews · View Statistics
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Pros

Entry-level credit limit of $500 minimum
Low $59 Annual Fee

Cons

High Balance Transfer Rate (5.99%)
Awards points earn rate capped at 50,000 per annum

Details

CategoryBalance Transfer Credit Cards and Rewards Credit Cards
Card TypeMastercard
Minimum Credit Limit $500.00
Additional Cardholder Fee $10.00 p.a.
Minimum Repayments2%
Rewards ProgramCommBank Awards
Points Earn Rate 1 points per $1
Points Conditions
  • 1 Awards point per $1 spent using your Mastercard.

This is capped at 50,000 points per year.

You can opt to automatically transfer your Awards points to Qantas Frequent Flyer points. The conversion rate is 2.5 Awards points for 1 QFF point. Additional fees may apply.

Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate20.24% p.a.
Cash Advance Fee3%
Late Payment Fee$20.00
Annual Fee$59.00 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$3.00
Interest Free Period 55 days
Cash Advance Rate21.24% p.a.
Balance Transfer Rates
Balance Transfer Period 5 months
Balance Transfer Rate 5.99% p.a.
Release dateJune 2007
Visit official website

Reviews

  • Transparency
    3.5 (31)
  • Customer Service
    3.7 (30)
  • Rates and Fees
    3.1 (31)
  • Rewards
    3.3 (23)
  • Online Experience
    4.1 (30)
  • Application Process
    3.9 (25)
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Reviewer Photos & Videos

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Vera
VeraGreater Melbourne (Metropolitan), VIC

Unable to redeem points collected by pensioner

published

I have spent over 3 months chasing a redemption of awards points ($275 Coles vouchers) collected by my aged mother over many years. Countless telephone calls and visits to the bank have resulted in a "lost" order and the need to start the process again. What's more, to lodge a complaint, you must do this in person. Extremely frustrated and disappointed by the CommBank Awards service.

Transparency
1/5
Rewards
1/5
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Troy
TroySydney, NSW
  • 6 reviews
  • 11 likes
  • Verified

This card is crap for QAN points

published

Spent 29k in 1 mnth to get less than 8,000 QAN points! Read the fine print, on most transactions you get .4 in the dollar QAN points, after 10k you get .2, it’s crap in my view!

Transparency
1/5
Customer Service
1/5
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Anita
AnitaSouth East Queensland, QLD

Great until you make a mistake - then unable to help :(

published

I accidentally ordered too many of an item with my awards points. This was on the weekend - outside of business hours, so I couldn’t call to rectify this. Called the next business day - I was very politely informed that it was too late; sorry, already processed and nothing they could do. Very disappointing. I made a mistake, but there was no avenue to rectify it. A very unforgiving system.

Incentivised Review No
Main Point of ContactPhone
Card / Account Used For
  • Everyday Expenses
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Andrew S.
Andrew S.Greater Melbourne (Metropolitan), VIC
  • 2 reviews

Inability to communicate or deliver. 'Escalation process' is a joke

published
Transparency
1/5
Customer Service
1/5
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Balance Transfer Credit Cards

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Low minimum credit limit

published

Good entry level card. The low minimum credit limit of $500 makes it accessible for those times when you need an actual credit not debit card for hotel stays etc. Not really any other benefits of this particular card to mention.

Transparency
3/5
Customer Service
3/5
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Jonah G.
Jonah G.Sydney, NSW

Does the job

published

The great thing about the CommBank awards card is the convenience in online mobile banking. The awards themselves arnt that interesting for the amount you have to spent to redeem them.

Transparency
3/5
Customer Service
5/5
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The reviewer stated that an incentive was offered for this review

MelissaF
MelissaFRyde
  • 6 reviews
  • 1 like

nothing special!

published

I find The awards program really isnt very exciting as you need to spend a fortune to get anything, I spent ALOT of money and for barely anything in return!!! The redemption process is simple once you finally work up enough points, but again, not worth the time! Not worth it, I feel theres a lot of better deals on the market!

Transparency
4/5
Customer Service
4/5
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Moh A.
Moh A.Sydney, NSW
  • 12 reviews

Commonwealth credit card

published

You would pay Standard fees.
Easy to transfer balance to credit card
Rewards given by commonwealth credit card are minimum
Not very satisfied with rewards and points scheme.
Try getting offers from other banks

Incentivised Review No
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Ken
Ken
  • 5 reviews

Functional and straightforward

published

I have been using the CBA card since 2013. It's quick in transferring money to this credit card and the customer service is impeccable. but I'm not too happy with the annual fee.

Transparency
4/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Balance Transfer Credit Cards

Find out how Commonwealth Bank Awards compares to other Balance Transfer Credit Cards

Know better, choose better.

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ARAVIND R.
ARAVIND R.Greater Melbourne (Metropolitan), VIC

Good Card

published

I have been using the CBA card for the 4 years. The customer services is good but I don’t like annual fee. Also CBA used to give for Amex 2 points for $1 spent but they get rid of it.

Transparency
3/5
Customer Service
4/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Ajay S.
Ajay S.Sydney, NSW

Reliable and instantaneous response when used

published

Works well in multiple scenarios such as for eftpos machines or vending machines using PayPass application of payment in addition to the standard swipe or insert and pin method of use.

Transparency
5/5
Customer Service
3/5
Similar opinion? Write a review on ProductReview.com.au!
Anne
Anne
  • 9 reviews
  • 1 like

Easy to use

published

I have been using this card for years and find it simple to use. The bank app makes it very convenient and it is easy to transfer money to the card and do your banking. I like the points, good way to treat yourself.

Transparency
3/5
Customer Service
3/5
Similar opinion? Write a review on ProductReview.com.au!
Balance Transfer Credit Cards

Find out how Commonwealth Bank Awards compares to other Balance Transfer Credit Cards

Know better, choose better.

Compare all

Reliable services

published

Good bank with a lot of youth incentives that help you manage your money more efficeiny. As a result I am able to manage and finance my money now at an important age

Transparency
5/5
Customer Service
5/5
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StevenL
StevenLGreater Melbourne (Metropolitan), VIC
  • 15 reviews
  • 6 likes

No frills Basic Credit Card

published

Had this card for almost 10 years.
No frills and hasn't failed me once.
I use it for convenience so I pay up when the statement comes.
I once missed a payment because I didn't receive the statement but CBA was kind enough to waive the interest penalty and charges. I have used it overseas and the exchange rate is typical of Aussie Banks-lousy.
Plus there is a charge for using the card-so I don't use my CBA card overseas.
Like I say-this is a no frills card so no reward points.

Transparency
5/5
Customer Service
5/5
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Saurav S.
Saurav S.Greater Melbourne (Inner), VIC
  • 2 reviews

Accrue points for everyday usage

published

I simply use the Awards card for my everyday grocery to apparel shopping. The amount that I would have spent from my Debit card , I spend the same with my credit card and accrue points for the usage.

Its a pretty good card for me till now.

Transparency
3/5
Customer Service
4/5
Similar opinion? Write a review on ProductReview.com.au!
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