Entry-level credit limit of $500 minimum
Low $59 Annual Fee
High Balance Transfer Rate (5.99%)
Awards points earn rate capped at 50,000 per annum
|Category||Balance Transfer Credit Cards and Rewards Credit Cards|
|Minimum Credit Limit||$500|
|Additional Cardholder Fee||$10 p.a.|
|Rewards Program||CommBank Awards|
|Points Earn Rate||1 points per $1|
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 Payments||Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay|
|Rates & Fees|
|Purchase Rate||20.24% p.a.|
|Cash Advance Fee||3%|
|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 Rate||21.24% p.a.|
|Balance Transfer Rates|
|Balance Transfer Period||5 months|
|Balance Transfer Rate||5.99% p.a.|
|Release date||June 2007|
Great until you make a mistake - then unable to help :(
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.
- Everyday Expenses
Low minimum credit limit
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.
Does the job
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.
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!
Commonwealth credit card
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
Functional and straightforward
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.
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.
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.
Have been with bank for years
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
Terrible customer service
Redeemed a Coles and a Myer voucher for $250 each back in September. Received 2 cards with $0 on them. After calling their Awards Customer Service department, I was told that I would receive replacement cards quite quickly. Weeks and then months went by, and each time I called or emailed to chase up the status of the cards I was told they were coming and would be there by tomorrow.
After spending almost 3 months, 5 phone calls and 8 emails to their customer service department, I finally got my points returned.
Don't bother becoming an Awards member at the Commonwealth Bank, you are just a number to them and won't feel like the valued customer they want to portray.
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?
CBA's credit card is a standard bank credit card. it's not so great compared to a number of other offers on the market.
fees and charges
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.
fee's after intial free period
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.
I originally had the Woolworths Ezy Mastercard (issued by the CBA) and when that got phased out in OCT 06, I got onto this one.
I am not really a fan of this card. I am not really interested in the rewards that are on offer, none of the them really interest me at all. The "cash-back" option is the only one but I find it awkward and complicated to redeem.
I don't really use this card anymore, it just sits in my wallet doing nothing. I will probably cancel it in the next few months.
55 days interest-free...that's about it.
Rewards partners where you can redeem points are not that thrilling. High annual fee. High interest rate.
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