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Commonwealth Bank Awards

Commonwealth Bank Awards

3.5 from 85 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
    3.4 (5)
  • Customer Service
    4.2 (5)
  • Rates and Fees
    2.2 (5)
  • Rewards
    2.5 (4)
  • Online Experience
    4.2 (5)
  • Application Process
    4.3 (4)
Previous
Next
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

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
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
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

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

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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

Duong N.
Duong N.
  • 3 reviews

RELIABLE!

published

No issue with the card itself. Easy to transfer and check balance. CommBank always update their software and banking apps so it is secure and ready to go. More rewards would be good.

Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Bob
BobHunter Region, NSW
  • 12 reviews

Have been with bank for years

published

Don’t use much mainly for online purchases and hotel bookings .Doesnt earn any points but have all my a/cs with this bank so find it easier to have it there

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

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Next
chubbe1994
chubbe1994
  • 18 reviews
  • 3 likes

OK

published

A good credit card which can be easily paid off with a phone transfer from a CBA savings account. A good rewards program , earning rewards for spending that you would do anyway.
The best thing about the Commonwealth Bank credit card is its awards program . Unlike Fly Buys , you do not have to clock up tens of thousands of points to gain a benefit. Non shoppalics like myself , can quite easily earn enough points to earn rewards such as movie tickets , shop gift cards, fee reversals or just cash back on the card.
Couldn't loyal CBA customers be rewarded with NO annual fee?

lillybell
lillybell
  • 4 reviews

OK

published

fees were high after the interest free period so it worked out better to get a a gold card. the gold card offers alot more features, larger credit limit & easier to get rewards so i canceled this card and opted for visa gold card.
handy
fee's after intial free period

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OK

published

It is useful to have a credit card as you don't have to carry cash in order to make purchases.
My rewards were paid to me in cash off the credit card recently instead of buying something I didn't really want.
Its easy to spend too much and not be able to pay it all every month.

clintj01
clintj01Queenshand, 4034
  • 3 reviews

OK

published

Well the Commenwelth credit Card overall is pretty average. no real biggies in it but it's still not bad becasue well- iknow bad. If you don't know what credit card you want pick this one and then go searching for others because it is really hard to find the right credit card early on. so take my advice will ya
It's very limiting (which is good because i am a credit frak) but you can still buy the things you want.
The interest rate is a bit high and really puts a toll on ya $$$ so please please don't spend too much.

sylvanaerends
sylvanaerends
  • 2 reviews

OK

published

I have had my ccard for about 5 years now, and the thing I like the best is the rewards program. However, I believe I am paying for this with the high interest rate ??? They even let you go over your limit by a little, if you have been a good customer! The customer service team is pretty good, but you have to get onto it fast if you want anything done.
Easy access to internet banking.
High interest rate

Balance Transfer Credit Cards

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kerrygt
kerrygt
  • 3 reviews
  • 1 like

OK

published

It's an average card, pretty much on a par with National standard visa card,but without the Fly Buys advantage.
The interest free period is okay for these types of cards
Rewards are difficult to obtain if you try and and keep credit to a minimum.

mrsdutchy
mrsdutchyGooseberry Hill
  • 5 reviews
  • 1 like

OK

published

I did have the Woolworths Ezybanking Mastercard which was what this card replaced. I much prefered the Ezybanking card as the points could be redeemed as Woolworths vouchers to spend at any of their stores. Although our points mount up pretty quickly we're limited as to how we can redeem them. The goods aren't that great and I don't like the cash back idea as it doesn't feel like a reward. We always pay our account in full anyway so just having the cash put back onto the card as credit doesn't make any difference to us. We'd much prefer store vouchers.
55 day interest free and good rewards points.
Limited reward options to redeem the points.

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