Commonwealth Bank Diamond Awards

Commonwealth Bank Diamond Awards

Commonwealth Bank Diamond Awards
3.4

43 reviews

PositivevsNegative
49%28%23%

Transparency
3.9
Customer Service
4.1
Rates and Fees
3.1
Rewards
3.3
Online Experience
4.2
Application Process
4.1
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
Brand Manager for Commonwealth Bank? Claim your listing.

Details

CategoryFrequent Flyer & Travel Credit Cards and Rewards Credit Cards
Card TypeMastercard
BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
Minimum Credit Limit $15,000
Maximum Credit Limit $50,000
Additional Cardholders 1
Additional Cardholder Fee $10 p.a.
Minimum Repayments2%
Rewards ProgramCommBank Awards
Points Earn Rate 1.25 points per $1
Points Conditions
  • 1.25 Awards points per $1

This is capped at 1 million points per year.

Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate20.24% p.a.
Cash Advance Fee2%
Late Payment Fee$20
Annual Fee$349 p.a.
Foreign Transaction Fee 3%
Interest Free Period 55 days
Cash Advance Rate21.24% p.a.
Introductory Offers
Sign-Up Bonus

Receive 100,000 Bonus Points when you apply by 29 April 2021 and spend $5,000 within 90 days from activation.

Release date
Visit official website
  • ABN: 48123123124

Reviews

43 reviews
SmallBusinessOwner
SmallBusinessOwner
 
Ked Siv
Ked SivSouth East Queensland, QLD3 posts
 

pathetic is the work

the whole bank itself is pathetic. called but wait time is 20 mins. waited for 20 mins and call is disconnected. who uses such a pathetic service who treat customers as slaves / dogs. Show details
Weerakoon
Weerakoon13 posts
  Fair Incentive Verified

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. Show details

AKR
AKR
 

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 Show details
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Valkyrie
ValkyrieSydney, NSW21 posts
  Fair Incentive
Customer Service
Online Experience
Application Process
Katz
Katz
 

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. Show details
Application Process
skyblue
skyblueSydney5 posts
 

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. Show details
Customer Service
Justonereview
JustonereviewGreater Melbourne (Metropolitan), VIC2 posts
 

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. Show details
Rewards
Lady lady
Lady lady
 

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.
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Rama tandukar
Rama tandukarAdelaide
  Fair Incentive Verified

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.  Show details
Chris
ChrisPerth, WA10 posts
  Verified

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. Show details
Rates and Fees
Rewards
thomalfa
thomalfaSydney, NSW5 posts
  Fair Incentive
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Dan
DanGreater Melbourne (Metropolitan), VIC5 posts
 

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.
Nirmal P.
Nirmal P.Illawarra, NSW2 posts
  Fair Incentive

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.
Samuel
SamuelHobart, TAS10 posts
 

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). Show details
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process

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