CommBank Diamond Awards Credit Card

• Eligible balance transfer debt. If you're planning to transfer a balance to this card, it cannot be from a CommBank account.
• Credit history. You must not be currently bankrupt. You can get your credit score and copy of your comprehensive credit report for free through Finder.
• Age. You must be at least 18 years of age to apply for a credit card.

Required documents

• 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 well as 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.
• 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.

• Qantas Frequent Flyer Direct. If you're a member of the Qantas Frequent Flyer program, you can opt to earn Qantas Points directly. The points you earn will be automatically transferred to your Qantas Frequent Flyer membership account monthly. There is a $30 annual fee for opting in to this program.
• Rewards. You can redeem your Awards points to pay for in-store purchases at Myer or Flight Centre. You can also redeem points for a range of items on the CommBank Awards website via NetBank, or transfer points to Velocity (2 Awards points = 1 Velocity Point), Qantas Frequent Flyer (2.5 Awards points = 1 Qantas Point) or other partner airline programs.
• Included insurance. Diamond cardholders and their eligible spouses/dependents can access included international travel insurance for a period of 12 months by activating their cover through NetBank, the CommBank app or by Cover-More on 1300 467 951 before you go overseas. Purchases made on the card are also covered by extended warranty insurance and purchase security insurance.
• Account control. You can use the CommBank app or the online banking platform to instantly lock, block or limit how you use your card. You can lock international in-store and online payments, block cash advances and set a maximum dollar amount per transaction. Plus, if you've lost your card, you can use the Lock, Block, Limit feature to lock your card temporarily while you look for it.
• Mobile payment compatibility. You can use your eligible smartphone or wearable to make contactless payments when you link your account with Apple Pay, Samsung Pay and Google Pay. You can also use your fitness tracker to tap and pay if you link your card with Garmin Pay and Fitbit Pay.
• Mastercard Travel Rewards. Earn cashback as a credit on your account when you shop overseas in the offered currency with participating merchants.

• Cash advance rate. The cash advance rate is 21.24% p.a. (variable).
• Interest-free days. You can save with up to 55 interest-free days on purchases when you pay the account's closing balance in full by the payment due date.
• Balance transfers. You can balance transfer an existing debt and pay 5.99% p.a. interest for 5 months. At the end of the introductory period, any remaining debt from the balance transfer will attract the cash advance rate. You won't earn points on balance transfers.
• Additional cardholder. You can share your account with a family member or partner to earn more points or manage family spending by requesting an additional card. An annual fee of $10 applies and you will be responsible for managing and maintaining the account.