Exclusive Deal: Commonwealth Bank Credit Cards with 12,000 Bonus Rewards Points

Information verified correct on September 27th, 2016
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Get a head start towards the rewards you want with this exclusive bonus offer for Credit Card Finder users only.

The Commonwealth Bank Awards Program gives you the ability to earn points and redeem them for a huge number of potential rewards. And with 12,000 free bonus points when signing up for a new Awards card as part of our exclusive offer, you’ll be well on the way towards these rewards.

The Awards Program is very flexible and caters to most types of rewards earners. You can choose to directly earn Qantas Points and redeem them for free flights, seat upgrades or other items, or if you’re a frequent flyer with Virgin or Air New Zealand, you can swap your Awards points over for these points.

Important Information

This offer is no longer be available for new applications. The credit card cannot be applied for, however, the information on this page has been kept for the benefit of existing customers and for those who are interested. If you would like to compare the current range of  CBA credit cards: click here.

Compare Commonwealth Bank Credit Cards with Awards Program

Rates last updated September 27th, 2016.

Commonwealth Bank Business Platinum Awards credit card

First year annual fee waiver has been extended until 31 October 2016.

September 2nd, 2016

View latest updates

Jonathan Choi Jonathan
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Commonwealth Bank Business Platinum Awards credit card
Earn up to 3 Awards points per dollar spent, enjoy complimentary insurances and $0 annual fee for the first year.
3 1 $0 p.a. annual fee for the first year ($300 p.a. thereafter) Go to site More info

The Awards Program also lets you pay for items and services at Myer and Flight Centre with points, and gives you a range of bonuses with these partners.

If you enjoy swapping your points for the latest gadgets or gift cards from leading retailers, the Awards store has you covered there too.

You can select rewards from categories including electronics, homewares, appliances, accessories and entertainment.

To give you an idea of what this bonus is worth,12,000 bonus points equates to a spend of $12,000 if you were to use the Gold Awards MasterCard, or $6,000 if you were to use the Gold Awards American Express.

Think about how long it would take you to earn 12,000 points.

Once you sign up you’ll get the bonus points within 60 days of your account being approved. You should note this bonus is available only for new applications submitted online through the link on this page.

The Commonwealth Bank Awards Credit Card range

There are four cards in the Awards range: The Awards Card, Gold Awards Card, Platinum Awards Card and the Diamond Awards Card.

Each account comes with two linked cards, a MasterCard and an American Express. You’ll get more acceptance across the globe with the MasterCard, but more points with the American Express.

Each card earns points at the rates below.

CardPoints earned per $1 spent with the MasterCardPoints earned per $1 spent with the American Express
Awards Card11.5
Gold Awards Card12
Platinum Awards Card12.5

Pros and cons of a Commonwealth Bank Awards card


You’ll get more benefits with a Commonwealth Bank Awards card the further up the pecking order the card is. Here are some of the benefits for each card.

Awards CardGold Awards CardPlatinum CardDiamond Card
55 days interest freeYesYesYesYes
Purchase security insuranceNoYesYesYes
Extended warranty insuranceNoYesYesYes
Complimentary travel insuranceNoYesYesYes
Concierge serviceNoNoYesYes
entré benefits (special treatment when travelling, offers on luxury brand items and more)NoNoYesYes

There are also other benefits for these cards including PayPass, which allows you to tap your card at a PayPass terminal for purchases under $100 and discounted annual fees for those with a qualifying CommBank account.


There are a number of drawbacks in regards to the Awards cards.

Points capping

Points earning is capped for each Awards Card. This starts at 50,000 per year for the Awards Card, and reaches 1 million for the Diamond Awards Card. This may not bother you if you won’t earn more than the annual limit.

High annual fee

Some of the cards in the range, such as the Diamond and Platinum card have high annual fees, and although these are typical for high-end rewards cards, the fee of the Diamond Awards Card is still much higher than the American Express Platinum Edge Credit Card.

Doesn’t cater to a large number of frequent flyer programs

Some cards like the American Express Platinum and Platinum Edge give you the option of swapping your points for a huge range of frequent flyer programs (eight or nine depending on the card).

Transferring your rewards

If you want to transfer your points to a Frequent Flyer program, please read our guide to transferring points.
Guide to transferring your credit card rewards points to frequent flyer points

Reward yourself with the Awards program

A rewards card comes with many benefits, and the Awards range of cards is no different. These kinds of exclusive offers don’t come around every day, so start a comparison today. Remember to take into account all of a card’s features and fees before making a decision.

Commonwealth Bank Awards Program: Interview with Lynn Hamblet

Click here for video transcript

Jeremy: Hi. I’m Jeremy Cabral, from Finder.com.au, and we’re here to talk to Lynn Hamlett, the Executive Manager of Credit Cards from Commonwealth Bank. Lynn, thank you for joining us.

Lynn: It’s great to be here.

Jeremy: When it comes to choosing a rewards credit card, why should someone choose CommBank?

Lynn: The CommBank Awards Program is the largest awards program of any Australian bank. All of our awards accounts come with an American Express card and a MasterCard card. This means our
customers can maximise their points earning potential, as well as having the freedom of knowing that their card is accepted at over 35 million locations worldwide. What’s more, with our Awards Program, our points never expire.

Jeremy: How can customers earn CommBank awards points?

Lynn : Most purchases you make with your CommBank Awards card will earn you points. We also have a bonus partner program, whereby customers can earn bonus points at some of our selected bonus partners. For a full list of our bonus partners, you can visit the website.

The main difference with the CommBank Awards Program is that we not only allow our customers to redeem by the more traditional methods, such as over the phone or online, but our customers
have the power to redeem their points in-store at Myer and FlatCentre stores nationwide. All our customers need to do is present their card at Myer or Flight Centre stores and ask to pay with points. If you don’t have enough points to pay for the total amount, you can make up the difference, just like any other purchase.

Jeremy: So how can somebody apply for a CommBank Awards credit card?

Lynn: Once you hit Apply on credit card finder, you’ll be taken to a secure website where you can complete your application. We offer a 60 second response.

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4 Responses to Exclusive Deal: Commonwealth Bank Credit Cards with 12,000 Bonus Rewards Points

  1. Default Gravatar
    | March 16, 2015

    What does ‘You must opt into the Qantas Frequent Flyer rewards program to earn Qantas Points” mean? Is it just that you have to be a Qantas frequent flyer member? Or you need to somehow link them up? Or?

    • Staff
      Jonathan | March 16, 2015

      Hi Stacey, thanks for your inquiry.

      Yes you are correct. This means that you need to be a Qantas Frequent Flyer member or need to apply for membership to link your account to the credit card.



  2. Default Gravatar
    Gabriel | November 22, 2013

    Does the “Commonwealth Bank Awards Credit Card – Exclusive Offer” give you a bonus 12,000 points?
    And can this card be cancelled within a year, or when the year is up?

    • Staff
      Jacob | November 22, 2013

      Hi Gabriel.

      Thanks for your question.

      As long as the account is paid in full, this card can be cancelled at any time. According to the terms and conditions, ‘To be eligible for the lump sum bonus Awards points, you need to activate your card. Points will be credited to your account within 60 days of account approval.’ So you will need to hold the account for at least two months before you can cancel the card.

      I hope this helps.

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