Commonwealth Bank Awards Card – Details and Application
What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Once approved, you will receive your credit card in the mail within 1-2 weeks
The Commonwealth Bank Awards Card is an inexpensive rewards credit card option.
The Commonwealth Bank Awards Card is different as it aims to benefit customers who already bank with Commonwealth, by offering a special annual fee, and extended flexibility on their rewards program.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
5.99% p.a. for 5 months |
|---|---|---|
| Interest Rate on Purchases | |
20.74% p.a. |
| Annual Fee | |
$89 ($59 for qualifying customers) |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Standard |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
Yes |
| Additional Cardholder Fee | |
$15 p.a. |
Want to be rewarded for the money you spend on your credit card? Look no further than the Commonwealth Bank Awards Credit Card. You have the potential to earn up to 1.5 Awards points for every $1 spent with a Commonwealth Bank American Express® Card. Use your card instead of cash and be rewarded. You will also enjoy worldwide acceptance at over 30 million locations with MasterCard®
Features of the Commonwealth Bank Awards Card:
The Commonwealth Bank Awards Card is a rewards credit card and a balance transfer credit card.
- Up to 55 days interest free.
- Earn up to 50,000 points per year.
- Global access – over 24 million locations.
- Additional cardholder for $15.
- One account. Two Cards. Expect more.
Interest rates – The regular interest rate is 20.74% p.a. on purchases, and this includes up to 55 days interest-free. The special introductory balance transfer rate is 5.99% p.a. for 5 months as a cardholder.
Annual fee – The annual fee is currently $89 ($59 for qualifying customers), but will still be discounted for existing customers who wish to take the card, provided their account is considered to be a Preferential Pricing account – if you hold a CBA account or loan when you apply your annual fee will be discounted by $30 each year.
Rewards & Extras –
- Earn up to 1.5 Awards points for every $1 spent on your American Express card
- Earn up to 1 Awards points for every $1 spent on your MasterCard
- Commonwealth Bank Awards Card holders will be allowed to earn a maximum of 50,000 points every year.
These can then be exchanged for cashback, gift cards, merchandise, or frequent flyer points with the Air New Zealand Airpoints, Velocity Rewards, or Qantas Frequent Flyer programs.
Alternatively, customers will be able to redeem their points for accommodation, flights, and other travel-related services with the Commonwealth Bank’s Travel Plus program. Additional rewards points may also be earned through special offers from Commonwealth Bank’s Bonus Partners.
Commonwealth Bank Awards Program Details
Maximise your reward earnings potential with the CBA Awards credit card and reap the benefits with one of Australia’s most generous rewards credit card. The Commonwealth Bank Awards Card is designed with the Commonwealth Bank customer in mind, not just with an eye to new business.
Read the Commonwealth Bank Awards Credit Card terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit | $500 | |
| Max Credit Limit | $0 |
| Annual Fee | $89 p.a. | |
|---|---|---|
| Minimum Repayment | 2.00% | |
| Interest Charged From | PurchaseDate | |
| Late Payment Fee | $20.00 | |
| Over Limit Fee | $10.00 | |
| Overseas Emergency Replacement | $20.00 | |
| Overseas ATM Balance check | $1.25 | |
| Overseas ATM Withdrawal | $4.00 | |
| Foreign Currency Conversion Fee | 2.95% | |
| Gambling Transactions Allowed | No |
| Rewards Points per Dollar | AMEX:1.5 MCARD :1 Point(s) | |
|---|---|---|
| Points needed for Syd/Mel Return Flight | 33334 | |
| Points needed for $100 Voucher | 10800 |
[...] Commonwealth Bank Awards Card [...]
I am enquiring regarding Qantas Frequent Flyer Points. At what rate are the points converted to Qantas Frequent Flyer Points.
Hi Danni
Thanks so much for your comment.
2 Commonwealth Bank Awards points = 1 Qantas Frequent Flyer point or Velocity Point:
Cheers
Jeremy