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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
    4.0 (24)
  • Customer Service
    4.2 (24)
  • Rates and Fees
    3.0 (25)
  • Rewards
    3.6 (17)
  • Online Experience
    4.4 (25)
  • Application Process
    4.3 (20)
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Reviewer Photos & Videos

  • Thumbnail
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
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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
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The reviewer stated that an incentive was offered for this review

Balance Transfer Credit Cards

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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
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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
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

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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
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
Balance Transfer Credit Cards

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

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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
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
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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

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

Know better, choose better.

Compare all
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
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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
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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.

  • Thumbnail
Transparency
4/5
Customer Service
3/5
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The reviewer stated that an incentive was offered for this review

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