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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
    3.5 (6)
  • Customer Service
    4.2 (6)
  • Rates and Fees
    2.7 (6)
  • Rewards
    2.8 (5)
  • Online Experience
    4.2 (6)
  • Application Process
    4.2 (5)
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

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
Balance Transfer Credit Cards

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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
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

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

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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

Balance Transfer Credit Cards

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

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urqle
urqle
  • 5 reviews
  • 2 likes
  • Verified

Terrible customer service

published

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.

chubbe1994
chubbe1994Sydney Surrounds, NSW
  • 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?

Jackie_Mech
Jackie_Mech
  • 2 reviews

Bad

published

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.
Customer service
fees and charges

Balance Transfer Credit Cards

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

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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

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.

JayJay868
JayJay868Victoria, 3724
  • 90 reviews
  • 6 likes

Bad

published

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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