From low fee and low rate cards through to platinum, diamond and rewards options, the Commonwealth Bank has a wide range of credit cards to suit your needs.
The Commonwealth Bank has the largest customer base of any Australian bank and has the largest financial services distribution network in the country.
Commonwealth Bank credit cards cater to a variety of customer needs, with both budget and premium options available. It’s also one of the only lenders to offer a student credit card. Learn more and compare Commonwealth Bank credit cards here.
Comparison of Commonwealth Bank Credit Cards
CommBank’s Personal Credit Cards
If you need a card to cover your everyday costs, Commonwealth Bank offers many credit card options for personal use. Whether you want to save on interest costs and annual fees, consolidate debts with a low balance transfer offer, earn reward points as you spend or take advantage of premium perks with a Gold, Platinum or Diamond card, there’s an option for almost every type of cardholder.
CommBank’s Business Credit Cards
Commonwealth Bank offers a variety of options for cardholders who are looking to manage their business expenses with a credit card. You can cut down on regular credit card costs with low and waived annual fees, up to 55 interest-free days and low promotional balance transfer rates. You can also take advantage of extra benefits including additional cardholders, included international travel insurance, the Awards program and cash back rewards depending on the card you choose.
The benefits of banking with the Commonwealth Bank
Commonwealth Bank credit cards offer the following benefits:
Commonwealth Bank included travel insurance policy
Commonwealth Bank’s included insurance policies are available as an extra benefit for Commonwealth Bank Gold, Platinum and Diamond cardholders and are provided by Allianz Global Assistance.
Commonwealth Bank Awards Program
The Awards program allows you to earn points when you use your CommBank Awards credit card for eligible transactions. You can redeem these points for over 1,000 items available through the CommBank Awards Program or in-store at Myer or Flight Centre. You can also transfer points to an eligible Velocity Frequent Flyer account or opt-in to Qantas Frequent Flyer Direct and have your Awards points transferred to your Qantas membership account on a monthly basis. Minimum transfer amounts and other terms and conditions apply and there is a $30 annual fee for opting-in to Qantas Frequent Flyer Direct.
You can request a balance transfer from another financial institution or store card when you apply for a new Commonwealth Bank credit card. If you already have a Commonwealth Bank credit card, you can also apply for a balance transfer.
Reduced annual fee
As well as the low fee credit card options, CommBank offers a one year annual fee waiver if you apply for an eligible Commonwealth Bank credit card at the same time as your home loan application. (This offer excludes business liability credit cards, corporate cards and personal liability business credit cards without Awards.)
Online banking through NetBank
NetBank is an online banking tool for CommBank customers. NetBank makes managing your Commonwealth Bank credit card account easy. You can also apply for other Commonwealth Bank products and services through NetBank, view recent purchases on your credit card account and make payments to accounts in Australia and overseas.
Commonwealth Bank Mastercard credit card holders get access to a number of Mastercard benefits, including:
- Mastercard PayPass. For transactions under $100, just touch your Commonwealth Bank Mastercard against a contactless terminal and your transaction will be completed in a matter of seconds.
- Mastercard fraud guarantee. If you’re account is compromised while you’re using the Mastercard payment networks (shopping over the counter or online), the Mastercard Zero Liability Guarantee may cover the cost of fraudulent charges.
- Global acceptance. Mastercard credit cards are accepted in millions of locations all over the world. Use your card to shop online, make purchases over the counter and withdraw cash from ATMs everywhere Mastercard is accepted.
How to apply for Commonwealth Bank credit cards
If you want to apply for a Commonwealth Bank credit card, standard credit card application requirements need to be met. These include:
- Age. You must be at least 18 years of age to apply for a credit card.
- Residency status. You must provide details of your Australian citizenship, residency or visa status. These requirements vary between cards, and additional conditions may apply for temporary residents, so make sure you check the specified conditions for any product you wish to apply for.
- Credit history. You must not be an undischarged bankrupt.
Other conditions may apply depending on the card. You can find this information listed on our Commonwealth Bank credit card product review and application pages. If you do meet the minimum eligibility requirements, Commonwealth Bank will also need to assess your financial situation before they making a decision about your credit card application. You will need to provide the following information about yourself to support your application.
- Personal information. You will need to provide information including your full name, current residential address, email address, contact phone numbers and date of birth.
- Details about your income. Aim to provide as much detail as possible about your income and assets. Details of income-generating assets such as property and shares also need to be provided, as does information about any savings.
- Expenses and liabilities. You will need to provide information about any debts you have, as well as ongoing expenses like child support, rent, mortgage repayments, or anything else that is considered a regular, essential cost (such as your weekly food budget).
- Other credit cards. If you want to transfer a balance to a Commonwealth Bank credit card from your existing non-Commonwealth Bank credit card(s), store card(s) or charge card(s), you will need to provide the account details, including the card number, the amount you want to transfer and the name of the issuing financial institution.
What happens next when applying for a CBA credit card?
After applying for a CBA credit card, you will be kept informed as to the progress of your application. If the bank requires any more information, you will be contacted within five days.
If you application is approved, you will need to undergo an identity check if you are a new Commonwealth Bank customer. Commonwealth Bank will contact you with details of what you need to provide as proof of identification (typically this will include your Australian State or Territory driver’s licence or passport). After all this information has been fully verified and the application process is complete, you will receive your Commonwealth Bank credit card within 10 working days. You can then activate your new CBA credit card via NetBank, in a branch or by calling 13 22 21.
Frequently asked questions
We’ve provided answers to some of the most common questions we get about Commonwealth Bank credit cards below. If you can’t find an answer to your question on this page, get in touch with us by leaving a question using the form at the bottom of the page.
Do my Commonwealth Bank Awards points expire?
Commonwealth Bank Awards do not expire, providing you remain a member of the program.
How do I earn Commonwealth Bank Awards points?
If you have a Commonwealth Bank Awards credit card, you earn Commonwealth Bank Awards points when you make an eligible purchase. Eligible purchases include everyday transactions such as buying your groceries or filling your car up with petrol. Points are not awarded for cash transactions. These types of transaction include cash advances, paying government fees and charges, credit card fees and charges and business expenses. Check the Commonwealth Bank Awards terms and conditions for a full list of transactions that are ineligible to earn Commonwealth Bank Awards Points.
Does the annual fee collect interest?
The annual fee is charged to your card and added to your account balance. If you don’t repay your balance in full by the end of the statement period, interest will be applied to the annual fee (as well as any other purchases that have contributed to your balance).
What happens after I apply for a Commonwealth Bank Credit Card?
After applying for a Commonwealth Bank credit card, you should have a response within minutes from the bank letting you know the status of your credit card application. Your application can be approved, declined or conditionally approved. If the bank needs any more information from you to support your application, you will be notified about the next steps on the email you provided during the application. Usually, by providing information like your drivers licence number or passport number during the application, Commonwealth Bank is able to verify your identity online; however, if you were not able to provide this information, you may be required to submit a written identity verification form to the bank, including legally verified copies of eligible identification documents. After all the information has been fully verified, you will receive your Commonwealth Bank credit card within 10 working days if approved. You will then need to activate your new CBA credit card over the phone before it can be used.
How do I transfer a balance to a Commonwealth Bank credit card?
If you want to take advantage of a Commonwealth Bank balance transfer offer, you can elect to transfer a balance when you apply for the credit card online. There’s a section within the application that asks you if you want to carry out a balance transfer. If you select “yes”, you will then be prompted to enter details including the name of the financial institution you want to transfer a balance from, the card number of the accounts and the amount you want to transfer from each eligible account.
How much can I balance transfer to a Commonwealth Bank credit card?
The amount you can balance transfer varies depending on your personal financial circumstances, the credit card and your approved credit limit. If the available credit on your Commonwealth Bank account cannot accommodate the full dollar amount you wish to transfer, CommBank will transfer a portion within your available limit.
When does my balance transfer promotion begin?
Once you submit a request for a balance transfer, it will be processed within 5-10 working days. Your balance transfer offer will begin after this time.
What’s the minimum repayment on my Commonwealth Bank credit card?
If you owe less than $25, your minimum payment is the amount you owe. Any amount you owe that exceeds your credit limit must be repaid immediately. Otherwise, your minimum payment for a personal or Awards Business CommBank credit card is the greater of:
- 2% of the closing balance, rounded down to the nearest dollar
If you have a business credit card other than an Awards option, the minimum payment is either $75 or 2.5% of the balance (whichever is greater).
How do I close my Commonwealth Bank credit card account?
If you would like to cancel your Commonwealth Bank credit card and close your account, you need to make sure that you have paid back the balance in full. If you’re not carrying a balance on your Commonwealth Bank credit card, you can cancel your card at anytime by calling the Commonwealth Bank on 13 22 21 or by visiting a Commonwealth Bank branch.