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Commonwealth Bank Awards

Commonwealth Bank Awards

3.5 from 86 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
Additional Cardholder Fee $10 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
Annual Fee$59 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$3
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
    3.6 (25)
  • Customer Service
    3.6 (25)
  • Rates and Fees
    3.2 (26)
  • Rewards
    3.6 (18)
  • Online Experience
    4.0 (25)
  • Application Process
    3.9 (21)
Previous
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Reviewer Photos & Videos

  • Thumbnail
Troy
TroySydney, NSW
  • 6 reviews
  • 10 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
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
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
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
Balance Transfer Credit Cards

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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
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

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
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
Balance Transfer Credit Cards

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Jus
JusBrisbane
  • 3 reviews
  • 1 like

Absolutely rubbish now days!! There is nothing worthwhile having. You can’t even get a TV. Used to be a great system.

published

There just ain’t anything with spending your points on.
I used to live comm bank rewards and looked forward to shopping with my points. No it’s not worth it.
Seems like no one is trying anymore.
It’s going to cost them a lot of customers.

Transparency
1/5
Customer Service
1/5
Sandra R.
Sandra R.Greater Melbourne (Outer), VIC
  • 2 reviews
  • 2 likes

Good card for Lots if Rewards

published

My Commonwealth Bank Rewards card is easy to use. I have had this card for many years. All you need to do is pay for anything every time you shop and watch your points accumulate on your card. These points are great for all sorts of rewards and are very handy when you want to redeem for different things. I particularly like to redeem supermarket vouchers like Coles and Woolies. These rewards are also handy for special occasions like Birthdays and Christmas. The supermarket vouchers are available straight away via e-gift cards. Other rewards such as electrical, outdoors and more generally take between 2-4 weeks to arrive depending on their availability and where they are coming from.

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

The reviewer stated that an incentive was offered for this review

Cassandra Boland
Cassandra BolandSydney, NSW
  • 4 reviews
  • Verified

Been with Combank for over 20 years (and I'm only 29)

published

I am very satisfied with my com bank cards, the credit cards are easy to use (maybe a little too easy) but also easy to pay off and with the option to transfer between accounts with the app makes it a lot easier!

Transparency
5/5
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

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Wetwork65
Wetwork65Sydney Surrounds, NSW
  • 38 reviews
  • 36 likes

Does what it is meant to.

published

Have used this card for many years and it just works. I have had to get a chargeback done once, due to problems with a dishonest business and it almost worked properly. Qantas points have been halved in last couple of years and interest rates still very high.

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

The reviewer stated that an incentive was offered for this review

Sue
SueTerrigal
  • 8 reviews
  • 2 likes

Easy to use, great protection options.

published

have had this card for a few decades, the best bit is being able to control how it is used via netbank, i can turn tap on and off, i can disable international payments in store and online, if anything looks fishy they call me up to ask, I pay the whole balance off every month so don't have interest charges, overall happy with the service.

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

S San
S San
  • 4 reviews
  • Verified

Easy to use

published

Easy to apply, only took less than a week to complete the application. It also can be used when you travelling overseas, but be aware of the administration fees and currency rates.

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Transparency
4/5
Customer Service
3/5
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