Commonwealth Bank Gold Card – Details and Application
Posted February 16th, 2008
and last modified January 17th, 2012
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Open up a world of exclusive opportunities with the Commonwealth Bank Gold Awards Credit Card. Take advantage of exceptional Gold rewards every time you shop or pay a bill, and get a range of great travel benefits as well. A must for frequent international fliers and travelers. Earn 2 Awards points for every $1 spent with a Commonwealth Bank American Express® Card and enjoy acceptance at 29 million locations with MasterCard®
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
5.99% p.a. for 5 months |
|---|---|---|
| Interest Rate on Purchases | |
20.74% p.a. |
| Annual Fee | |
$144 ($114 for qualifying customers) |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Gold |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
Yes |
- Up to 55 days interest free
- Annual fee $144 ($114 for qualifying customers)
- Earn up to 125,000 points per year.
- Issued with chip for extra security
- Wide range of rewards available in Commonwealth’s Gold Reward Program
- Additional cardholder for $15
- Complimentary international travel insurance (for trips of up to 3 months)
- Commission-free travelers cheques
- Your Global Connection (premium integrated travel services)
- World-wide access (over 24 million locations)
Rewards Program
- Earn up to 2 Awards Point per $1 spent on AMEX purchases
- Earn up to 1 Awards Point per $1 spent on MasterCard Purchases
- Earn up to 125,000 Awards Points per year
Commonwealth Bank Gold Awards Credit Card Shopping Advantages
- Free Purchase security insurance (replaces most personal goods which are lost, damaged or stolen for up to 90 days from date of purchase)
- Free Extended warranty insurance (extension on normal manufacturer’s warranty for up to 1 year on most goods purchased in Australia or overseas)
- Online security guarantee
Read the official terms and conditions
| Minimum Income | Minimum Age | 18 years of age | |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $5,000 | Max Credit Limit |
| Annual Fee | $144 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | PurchaseDate |
| Late Payment Fee | $20 | Over Limit Fee | $10 |
| Overseas Emergency Replacement | $20 | Overseas ATM Balance check | $1.25 |
| Overseas ATM Withdrawal | $4 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | AMEX:2 MCARD: 1 Point(s) | Points needed for Syd/Mel Return Flight | 25000 |
| Points needed for $100 Voucher | 8700 |
[...] Commonwealth Bank Gold Credit Card [...]
1. Is the limit of 125,000 points per year for each card or for both?
2. Does it mean that once limit is reached, no more rewards points will be given for purchases?
3. For the free travel insurance, has the full price of the ticket be paid by the credit card or only a minimum amount of the ticket price be paid?
1. Is the limit of 125,000 points per year for each card or for both?
2. Does it mean that once limit is reached, no more rewards points will be given for purchases?
3. For the free travel insurance, has the full price of the ticket be paid by the credit card or only a minimum amount of the ticket price be paid?
Thank you.
Hi Eugene
Please see my responses below:
1. Is the limit of 125,000 points per year for each card or for both?
Total points cap = 125,000 Awards points per year
For the first 75,000 Awards points earned
- Earn 2 Awards points per $1 spent using your American Express Card
- Earn 1 Awards point per $1 spent using your MasterCard card or Visa card
Additional 50,000 Awards points earned
- Earn 1 Awards point per $1 spent using your American Express Card only.
2. Does it mean that once limit is reached, no more rewards points will be given for purchases?
- This is the points cap per year.
3. For the free travel insurance, has the full price of the ticket be paid by the credit card or only a minimum amount of the ticket price be paid?
- Here are the terms and conditions for the complimentary international travel insurance:
“Cardholders, their spouses and dependent children become eligible for this International Travel Insurance when, before leaving Australia on an overseas journey, they have a return overseas travel ticket, and at least:
(a) A$950 of each of the cardholder’s, spouse’s and dependent child(ren)’s prepaid travel costs
(i.e. costs of the return overseas travel ticket; and/or airport/departure taxes; and/or prepaid overseas accommodation/travel; and/or other prepaid overseas itinerary items); or
(b) 90% of each of the cardholder’s, spouse’s and dependent child(ren)’s return overseas travel ticket(s);
is paid for by one or a combination of the following payment methods:
charged to the cardholder’s eligible credit card account; or
paid for by the redemption of the cardholder’s Commonwealth Awards points through the Commonwealth Awards Program, this excludes points redeemed for Frequent Flyer programs;
and, in the case of the spouse and/or dependent child, they are travelling with the cardholder for the entire journey.”
Cheers
Jeremy
I run a small business – is it possible to use the AMEX as part of a business account?