100,000 Bonus Points on offer
Earn 1.25 Awards Points per $1
International Travel Insurance included
Cashback offers with Mastercard Travelers Rewards
$349 Annual Fee
3% International Transaction Fee
Minimum Credit Limit of $15,000
|Category||Frequent Flyer & Travel Credit Cards and Rewards Credit Cards|
|Benefits||Complimentary Travel Insurance and Sign-Up Bonus Points Offer|
|Minimum Credit Limit||$15,000|
|Maximum Credit Limit||$50,000|
|Additional Cardholder Fee||$10 p.a.|
|Rewards Program||CommBank Awards|
|Points Earn Rate||1.25 points per $1|
This is capped at 1 million points per year.
|Contactless Payments||Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay|
|Rates & Fees|
|Purchase Rate||20.24% p.a.|
|Cash Advance Fee||2%|
|Late Payment Fee||$20|
|Annual Fee||$349 p.a.|
|Foreign Transaction Fee||3%|
|Interest Free Period||55 days|
|Cash Advance Rate||21.24% p.a.|
Receive 100,000 Bonus Points when you apply by 29 April 2021 and spend $5,000 within 90 days from activation.
|Release date||July 2011|
Complements from Comm.Bank Diamond Awards
I have recently used my Commonwealth Diamond Awards points in order to obtain some valuable items. These items were the top two in my wish list. Therefore I am so happy that I was able to get the items whilst saving a lot of money. It was like a dream come true.
I understand that one can easily collect points by using the Diamond Awards card in a short period of time through Awards system. The system has encouraged me to add more items to my wish list which is now a reality. Otherwise purchasing these items would have been only a dream.
Decent card but nothing unique or exciting!
No great benefits
Feel good factor
Got it as part of wealth package
Rewards are decent
CBA has great customer service and great online banking
Like to have all banking stuff in one bank only
Probably one of the worst top level credit card to own
I own this card not by choice, and because i have a mortgage with them. Their rewards point is not great, many great offer out there. Their bundle amex card is gone now, that's mean earning point is harder and no perks anymore. If thinking to use them in overseas and/or buying overseas flight tickets probably better off starting to look for cards that not/less charging international transaction. Last time i used this card to buy family holiday multiple cities OS flight tickets cost me over $250 and the charge did not show until it was gone thru...the transaction and you could be charged twice sometimes since some merchant is charging credit card cost and you were charged this so call OS transaction charge from total cost, just because it has covered OS travel insurance but these days which top level credit card doesn't have that complimentary service. This card is just my back up now.
Easy Access Travel Insurance is a bonus.
The main benefit I find is the travel insurance as I travel frequently and it is one less thing to have to worry about arranging. I use multiple cards though as this one charges international transaction fees.
Okay but not great
This credit card used to be very good when it came to earning points, but since they discontinued the Amex card, the earning rate has dropped dramatically and they cancelled zero international fees. Free international travel insurance is still available for customers. Points needed to redeem re Awards program seems to be increasing. I will be shopping around to see if there are other credit cards on offer with better deals.
Reward points can be better
I got the card as part of the wealth home loan package. There were 2 cards, an AMEX and the MasterCard. The AMEX was good cause the reward points were higher than MasterCard. Then they took the AMEX away and lower the reward points so I used it less now.
Pretty good but poor point rewards
The card has great travel insurance included. Points system is not very rewarding. The international fees are also high. I only have it because its free with my home loan.
Best credit card
So many promotions to get extra points, free overseas insurance for whole family. Good exchange rate and low fee to use in overseas. Easy to maintain through internet banking. Strongly recommended.
My card of choice
I have found that the best benefit of this card is the travel insurance feature. Unline other premier cards you don't need to purchase your travel (flights/accom) on this card to activate the travel insurance. Just log into Commbank, tell them where, when and who is going and activate it on a trip by trip basis!
The rewards return is reasonable for this class of card (~0.5 points per $1 spend) and can be converted to Qantas or Virgin points or can be redeemed on a range of items through the CBA rewards program i.e. at Flight Centre or Myers to name a couple.
With CBA now offering Apple Pay support, I keep this one in my digital wallet, making it very handy to access.
One of the card that i want to get rid but i can't
Got this card not by choice but because i have a mortgage with the merchant. I would have given this card at least 4 stars when their relationship have not gone sour with AMEX. You get all the good perks and can greatly earn Qantas points, but all that was history now, CBA cards no longer bundle with AMEX. This card has high annual fee whether it is or not have package wealth. It just one of the card i want to get rid of but i just can't. The only good of this card is travel insurance, is being advised auto cover even though not purchase travel...ticket from this card. Their point system is just so-so too and hard to earn since amex gone. And this card does not have complimentary lounge, this is why i gave it 2 stars (may even just 1 star for top level card)
My card for my needs
I've had this card for 5 years since it comes free with the CBA home loan wealth package
It comes with free travel insurance (no longer needs to be activated - automatic cover)
However since AMEX has been removed (2 points per $ spend) it's been much harder to earn points. Since this change, we've just used the debit card for convenience since it comes with the wealth package too (no points earned)
Definitely worth using if you're already on the wealth package and a frequent traveller for the free travel insurance, but wouldn't use it for the points conversion.
low annual fees then other cards
I have this credit card over 8 years, but good part is I'm still paying $
199 annual fees which is now $349.
Getting lots of points and benefits.
love this card,will keep it forever.
Great when paired with Wealth Package.
This card is great when paired with a Wealth Package (Attached to your Home Loan).
The wealth package forfeits the annual fee for this credit card, making it free while giving the user all of its benefits.
Decent awards and free travel insurance.
The only downside I have found is International Conversion Fee's are no longer free (since CBA removed the complimentary AMEX card which used to be paired with this card for free).
Excellent card for free travel insurance but high overseas fees and average rewards point for spending
I've had this card for many years, and now get it for free through my home loan
- I get free travel insurance
- Free warranty insurance if product fails
- Fraud protection (i.e. can do a chargeback if its a dodgy merchant
- Pairs well with the app
- AMEX has been removed so harder to accrue rewards points...
Was once top of its class, now it is at the very bottom
Been with CBA for nearly 6 years, banking, credit card and home loan with them. I have seen this credit card fall off in comparison with what's out there. It USED to offer amex companion card and no overseas transaction fees on the amex card. Now there is no amex and the rewards rate is the lowest in its class for flights, CBA Awards are not competitive either. If not for my current home loan with them I would probably cancel this card.
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