Commonwealth Bank Awards – Credit Card Rewards Programs
Posted November 24th, 2009 and last modified April 24th, 2012
Best Commonwealth Bank Awards Credit Card
Earn up to 1.5 Awards points for every $1 you spend on everyday purchases and redeem them for shopping, entertainment, travel and more. Also receive other exclusive shopping and travel benefits.
- $89 ($59 for qualifying customers) annual fee
- 20.74% p.a. on purchases
- 5.99% p.a. for 5 months on balance transfers
- Cash Advance Rate of 21.74% p.a.
- 55 days interest free
- Reward yourself for everyday spending
Read the Commonwealth Bank Awards Credit Card terms and conditions.
The Commonwealth Bank awards program is one of the most popular credit card rewards programs in Australia, but that is not surprising as Commonwealth is one of the big four banks in Australia.
Open up a world of exclusive opportunities with the Commonwealth Bank Awards Gold 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®
- Standard interest rates of 20.74% p.a. on purchases and 21.74% p.a. p.a on cash advances
- Up to 55 days interest free
- Annual fee $144 ($114 for qualifying customers).
- 5.99% p.a. for 5 months on balance transfers
- Earn up to 100,000 points per year.
- Issued with chip for extra security
- Wide range of rewards available in Commonwealth’s Gold Reward Program
- Additional cardholder for $15
- Free international travel insurance (for trips of up to 3 months)
- Free transit accident insurance
- Commission-free travelers cheques
- Your Global Connection (premium integrated travel services)
- World-wide access (over 24 million locations)
Commonwealth Bank Awards Credit Cards Comparison
The program is one of the new-style companion credit cards rewards schemes, where two credit cards are issued on one account – a MasterCard and an American Express – with one annual fee and one statement, but with points from both cards going towards the rewards of your choice.
Main features of Commonwealth Bank Awards:
Travel options
Commonwealth Awards members can redeem their points through Travel Plus for flights, accommodation, car hire, cruises and tours, which covers the whole gamut from a city break to a round-the-world vacation.
Cashback
Commonwealth Awards points can be redeemed for cashback which appears as a credit on your card statement. This means that your existing balance is being paid down by your points, or you can look at it that the next time you come to use your credit card, whatever you buy is being subsidised by your previous spending.
Air New Zealand Airpoints, Velocity Rewards, and Qantas Frequent Flyer transfers
Commonwealth Awards points can be redeemed for Velocity Rewards, which is the rewards program of Virgin Australia, or for Air New Zealand Airpoints Dollars. Both programs require you to be members. Alternatively, you can transfer your points across to the Qantas Frequent Flyer program, but this also requires you to join Qantas Frequent Flyer Direct which carries a $10 annual fee. Once this is paid, your points will automatically be transferred across to Qantas every month.
Points Plus Pay
This option allows you to get your hands on your rewards sooner by topping up any points deficit with a credit card payment.
Bonus Partners
Bonus Partners are always being added to the rewards program to increase the rewards selection for the customer.
Commonwealth Awards Gold Program:
The Commonwealth Awards Gold program includes all the features listed above plus the usual gold card perks, benefits and extra rewards.
Commonwealth Awards Platinum Program:
The Commonwealth Awards Platinum program includes all the features listed above plus the usual platinum card perks, benefits and extra rewards.
Redeeming Commonwealth Awards points:
Points earned through the Commonwealth Bank Awards program can be redeemed by logging onto NetBank and clicking through to the Awards program section, or by calling the Commonwealth Awards Service.
Check out today's featured offers:
| HSBC Credit Card | ANZ Platinum | Citibank Rewards Credit Card - Platinum Card | Westpac Low Rate Card |
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0% p.a. for 8 months with 2% balance transfer fee on balance transfers. |
0% p.a. for 6 months on purchases & balance transfers. |
0.9% p.a. for 15 months |
1.9% p.a. for 9 months (reverts to 13.49% p.a.) |
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