Commonwealth Bank Credit Cards

Are you looking for a credit card with a low rate or a card with rewards like frequent flyer points and travel insurance? Commonwealth Bank have a wide range of cards to suite everybody’s needs. Apply online today for the card that is right for you.

One Account, Two Cards. Expect More. Be awarded with an American Express credit card when opening a new Awards, Platinum or Gold Card Account. Earn Points faster, with acceptance at over 29 million locations worldwide and the benefit of one credit limit and one annual fee

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Comparison of Commonwealth Bank Credit Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
Commonwealth Bank Low Fee Credit Card	A great card for people who uphold their 55 day interest free grace period. Paying $0 each year on your repayments, interest and fees is easily possible with this card.	19.99%	21.49%	5.99% for 5 months	$24	55
Commonwealth Bank Awards Credit Card	Earn up to 50,000 points per year. Online security guarantee. Cash back and Frequent Flyer Awards system, including Bonus Partner Reward Offers. Earn 1.5 Awards points for every $1 spent with a Commonwealth Bank American Express® Card	20.49%	21.49%	5.99% for 5 months	$89.00	55
Commonwealth Bank Gold Awards Credit Card	Earn up to 125,000 points per year. Complimentary comprehensive travel insurance, 90 day purchase security cover and extended warranty on purchases.. Points exchangable for Frequent Flyer Points.	20.49%	21.49%	5.99% for 5 months	$144.00	55
Commonwealth Bank Platinum Awards Credit Card	Earn up to 250,000 points per year. Travel Insurance for up to 12 months. Extended Insurance /Purchase/Security benefits. Commonwealth Awards Program plus extra Platinum Rewards.	20.49%	21.49%	5.99% for 5 months	$280.00	55

See the Commonwealth Bank Overlimit & Late Payment Fees here

What’s special about Commonwealth Bank?

The Commonwealth Bank of Australia has received extensive praise and awards for its financial offers and service. Some of these include:

• Money Magazine’s Bank of the Year 2008
• Money Magazine’s Financial Website of the Year 2008
• Cannex 5-star Credit Card Awards

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from. ‘Best and ‘Top’ are ratings which are subject to our consideration and is not rated against all Australian credit cards. We recommend you take this information into account when comparing credit cards.

Commonwealth Bank Overview

Commonwealth Bank is an important name in Australian Banking. They have been innovators in both services and products since their inception in 1912 by the Australian Government. Now an internationally known bank with branches all over the world they are a trusted name for both personal and business banking needs.

In 1912 Commonwealth Bank was founded by an Act of Parliament called the Commonwealth Bank Act. This Act began one year earlier under the Bank Nationalization policy of the Labor Government of Andrew Fischer. Once it began operations it took only one year to have branches in all six states in Australia. In 1916 it moved the main operations to Sydney, where it remains today. The bank gradually gained control of the central bank and, in 1920, took over as the issuer of Australian Bank Notes from the Department of Treasury. 

Commonwealth Bank Modern History

Commonwealth Bank was granted almost full central bank control through an act of emergency legislation during the second world war. After the war ended Commonwealth leveraged this control to strengthened Australia's economy. These actions were not viewed positively by all and they were forced to divide the bank in 1959. The control and operation of the reserve bank was given to the Reserve Bank of Australia while the general bank operations remained with Commonwealth Bank.

Commbank continued to expand and took on travel and insurance as well as updating its operations to more modern and computerised systems throughout the 1970's. They are even credited with offering the first credit card in Australia under the name Bankcard in 1974. The success of the credit card was impetus for them to move forward an open a full finance corporation wing called the Commonwealth Bank Finance Corporation.

Moving into the 1980's and 1990's CBA continued to grow and modernise its operations. Commonwealth added more credit cards to their repertoire including Keycards in 1981, MasterCards by 1984, and finally the Visa card in 1993. They introduced the first debit card option, known as EFTPOS (Electronic Funds Transfer at Point of Sale). They also provided for electronic banking to be done from homes or offices by launching their fully functional website in 1995.

CBA Awards

CBA is a much lauded bank having earned respect and awards through both innovations and excellence in customer service. In 1999 they were awarded the Bank of the Decade by Australian Banking and Finance Awards. The same organisation awarded the the Best Bank awards in 1996, 2000, and 2002. Money Magazine, one of the most respected financial magazines awarded them the Product Innovator of the Year for CALIA. They were awarded the Best Online Banking Website by Australian NetGuide Magazine. In addition to standard banking awards they were also recognised for the Best Life Insurance Product by Australian banking and Finance Magazine.

Commbank Today

Commonwealth Bank is a major player in Australian and international banking. They currently offer the largest network for administration of financial services. There are more then 1,000 branches and more then 3,800 agencies along with more then 3,000 ATMs here in Australia alone. For personal bank there are more then 3,700 post agencies and more then 514 for business clients. When travelling abroad customers can count on the service of more then a million ATMs and card acceptance at more then 25 million locations. In addition, the bank website handles transactions, questions, and concerns of their more then 2.5 million customers. 

Commonwealth Bank is broken up into four distinct business categories. The Retail Banking Service offers affordable banking services for personal and small business customers. The Premium Business Services arm is aimed at addressing the needs of premium personal, business, and corporate clients. They operate various online broking services including the top one in Australia, CommSec. The Wealth Management division is focused on providing products and services that include insurance and investment management as well as third party services like Comminsure. Commonwealth Bank is represented in eleven countries through the International Financial Services division. The intention of these branches are to promote overseas growth and address overseas opportunities. Commonwealth offers retail banking services in China, New Zealand, Indonesia, and Fiji. they also have branches in New York City, London, Tokyo, Auckland, and Singapore. 

Commbank has vast assortment of credit cards aimed at meeting the needs of their wide ranging customer base. All of these cards offer top notch security services and worldwide acceptance. Depending on your eligibility and personal choice there are various rewards programs and rates to choose from.

• Commonwealth Bank Low Rate Credit Card
• Commonwealth Bank Awards Credit Card
• Commonwealth Bank Low Fee Credit Card
• Commonwealth Bank Gold Credit Card
• Commonwealth Bank Platinum Credit Card
• Commonwealth Bank No Annual Fee Credit Card

Commbank customers can feel good about doing business with the company because they work hard to promote Australian communities through various organisations. The participate in the advancement of health, the arts, social welfare, and disaster aid. The Commonwealth Bank Foundation aids in financing education for Australia's youth. CBA is a bank that you can count on  to have your and all of Australia's best interest in mind.

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• Commonwealth Bank Low Fee Gold credit card – Review & Application
  

  If the idea of having a low fee gold card excites you, then you ought to check out the Commonwealth Bank Low Fee Gold Card for closer inspection. Since gold cards are believed to give consumers a bit more prestige, extra benefits and plenty of features it’s natural that we all want the status of gold…



• Commonwealth Bank Low Rate Gold credit card – Review & Application
  

  Every once in a while you get the chance to score gold. Gold credit cards are a boon for people who like their status symbols, plenty of features, extras and freebies. With the Commonwealth Bank Low Rate Gold Card you get all that and more. Read on to find out why…



• Commonwealth Bank MasterCard Goes Low on Interest Rates but High on Value
  

  The Commonwealth Bank Low Rate MasterCard is a great choice for those who want a credit card from a trusted bank. The low interest on this card is what makes it so appealing, along with the internationally recognised MasterCard symbol.



• Commonwealth Bank Awards Card Credit Card Review
  

  With so many credit cards available on the market, it can often be confusing as to what card is what. We have had a look at the Commonwealth Bank Awards Card, and this is what it has to offer.



• Commonwealth Bank Business Banking
  

  Learn the details about Commonwealth Business Banking. Find out all of the features for the different business accounts. Commonwealth Business Banking is very convenient and simple to use.



• Commonwealth Bank Balance Transfer
  

  If you are looking to do a balance transfer on a Commonwealth Bank credit card, from another bank, there are a number of options available. Read this article to find out more about Commonwealth Bank balance transfer credit cards.



• Sydney’s Chinese New Year Festival and Commonwealth Bank’s Term Deposit Offer
  

  Lucky for you the Commonwealth Bank has recognised the significance of Chinese New Year by deciding to offer a special term deposit deal. To help celebrate Chinese New Year CBA are offering a great 6.30% p.a interest for 8 months on their term deposit. Celebrate in style with a Chinese New Year CBA Term Deposit today.



• Start You Chinese Celebrations With CBA’s Term Deposit Offer
  

  Start your Chinese New Year celebrations and Year of the tiger with a roaring term deposit offer by Commonwealth Bank. This Chinese New Year offer by CBA offers 6.30% interest rate per year for eight months. Start your Chinese celebrations with CBA’s term deposit offer today.



• Credit Card Review: Commonwealth Bank Awards Card
  

  Most banks reserve their best credit card offers for new customers. However the Commonwealth Bank Awards Card is different as it aims to benefit existing Commonwealth Bank customers. Find out more about this rewards credit card in this article.



• Commonwealth Bank Celebrates Australia Day With 6.00 Per Cent Term Deposit Rate
  

  Commonwealth Bank celebrated Australia Day 2010 by offering a favourable term deposit rate of 6 per cent. This gives you the opportunity to boost your savings for 2010. Find out more about this great offer.



• Commonwealth Bank Celebrates Australia Day With 6.00 Per Cent Term Deposit Rate
  

  The Commonwealth Bank of Australia have put together a special promotion for Australia Day 2010 on their term deposits. Find out more about how you can take advantage of this offer and celebrate Australia Day with Commonwealth Bank.



• Commonwealth Bank Customer Service Promise
  

  The latest campaign from Commonwealth Bank focused on it’s customer service promise.



• Commonwealth Bank Credit Card Repayment Insurance
  

  Repayment insurance is a product that can help you out in tough times. Should an circumstance occur where you are unable to pay your bill it pays the debt for you. Unlike other insurance you only pay for the amount you might need repaid, a percentage of the amount you owe on your card each month.



• CBA Awards Programme
  

  The cba awards programme allows you to combine your spending on two credit cards to get the maximum benefits. American Express and MasterCard are combined into one statement and one annual fee. However, the points combine allowing you to reap the most of their rewards including travel, cash, and airline miles.



• Applying For A Commonwealth Bank Credit Card
  

  Applying for a cba credit card online is fast and simple. If you come prepared with the proper documentation the whole process takes less then 20 minutes. The decision of eligibility will quickly follow in less then five days.



• Commonwealth Bank Credit Card Features And Benefits
  

  There are some cba credit card features that come with any of their products. Included for all are excellent security services. Moving up the ladder adds warranty, travel, and personal assistant service.



• How To Manage Your Commonwealth Bank Credit Card
  

  Those who use credit should understand how to manage a cba credit card. Some of the important steps include keeping a budget and keeping track of your rewards. You should also ensure that your card is always kept safe.



• Managing Your Commonwealth Bank Credit Card
  

  A cba credit card is easy to manage once you understand their different offers. Interest rates, balance transfers, and interest free periods are some of the things you should consider when making your choice. All cba cards can be managed online with NetBank.



• Complimentary Insurance For Commonwealth Gold And Platinum Credit Card
  

  Complimentary insurance is offered to gold and platinum cardholders at Commonwealth bank. The insurance covers a variety of travel expenses. It also offers extended warranties and purchase security insurance on items bought with the card.



• Travelling Overseas With Your Commonwealth Bank Credit Card
  

  Using your credit card when you are travelling overseas is simple. More difficult is understanding the regulations associated with this use. It is important that you understand the currency exchange charges and keep a record of your purchases for accurate accounting.





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Editor's Choice: Our Top Credit Cards




Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0