Credit cards

The advice on this website has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances. Applications for credit cards are subject to credit approval. Full terms and conditions will be included in our Letter of Offer. Bank fees and charges apply.

^~ Offer commenced 23 July 2024 and is only available to customers in CommBank Yello Everyday, Everyday Plus or Homeowner benefit sets when they apply for a new Low Rate credit card. Offer not available to customers who currently hold, or have held, any activated Low Rate or Low Fee card types in the 12 months prior as a primary cardholder or customers who switch from other card types.

To be eligible for the CommBank Yello offer, you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs and not have opted out of the program when applying. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

The monthly spend criteria is based on four successive 30-day periods and the monthly cashback amount will be awarded when you spend $500 or more in a month for the first four months. Maximum cashback available is $400. Your first 30-day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period. Cash advances or refunds are not included as eligible transactions.

Total eligible cashback will be credited within 90 days of the end of the final month of the offer campaign period and will appear on your statement as ‘CASHBACK’. The total cashback owed will be based on the number of months where the monthly spend criteria has been met. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account.

Offer only available on one credit card per customer. We reserve the right to close or vary this offer at any time.

^# Offer commenced 23 July 2024 and is only available to customers in CommBank Yello Everyday, Everyday Plus or Homeowner benefit sets when they apply for a new Low Fee credit card. Offer not available to customers who currently hold, or have held, any activated Low Fee or Low Rate card types in the 12 months prior as a primary cardholder or customers who switch from other card types.

To be eligible for the CommBank Yello offer, you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs and not have opted out of the program when applying. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

The monthly spend criteria is based on four successive 30-day periods and the monthly cashback amount will be awarded when you spend $500 or more in a month for the first four months. Maximum cashback available is $240. Your first 30-day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period. Cash advances or refunds are not included as eligible transactions.

Total eligible cashback will be credited within 90 days of the end of the final month of the offer campaign period and will appear on your statement as ‘CASHBACK’. The total cashback owed will be based on the number of months where the monthly spend criteria has been met. You will be ineligible for the cashback if your account is closed, switched to another card or in default at any time prior to the cashback being credited to your account.

Offer only available on one credit card per customer. We reserve the right to close or vary this offer at any time. 

^ Offer commenced 23 July 2024 and is only available to customers in CommBank Yello Everyday, Everyday Plus or Homeowner benefit sets when they apply for a new Smart Awards credit card. Offer not available to customers who currently hold, or have held, any activated Awards card types in the 12 months prior as a primary cardholder or customers who switch from other card types.

To be eligible for the CommBank Yello offer, you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs and not have opted out of the program when applying. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

The monthly spend criteria is based on four successive 30-day periods and the monthly CommBank Awards points or the monthly Qantas Points will be awarded when you spend $1,500 or more in a month for the first four months. Maximum bonus points available is 90,000 CommBank Awards points or 50,000 Qantas Points. Your first 30-day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period. Cash advances or refunds are not included as eligible transactions.

To be awarded the bonus Qantas Points, you must have been opted-in to Qantas Points at the time of your CommBank credit card application or via the CommBank Awards website prior to the end of the final month of the offer campaign period. Points are initially accrued as Awards points in the CommBank Awards Program and will be automatically converted, at the end of the next Statement Period, into Qantas Points and transferred to your Qantas Frequent Flyer account. If you don’t opt-in to Qantas Points, or you opt-out of Qantas Points prior to the end of the final month of the offer campaign period, you will only receive CommBank Awards points.

The earning and redemption of CommBank Award points are subject to the CommBank Awards Program Terms and Conditions available at commbank.com.au/awardst&cs. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program.

Total eligible bonus points will be credited within 90 days of the end of the final month of the offer campaign period and will appear on your statement as ‘BONUS AWARDS’. The total bonus awards owed will be based on the number of months where the monthly spend criteria has been met. You will be ineligible for the bonus CommBank Awards or Qantas Points if your credit card account is closed, transferred, or in default at any time prior to the points being credited to your account.

Offer only available on one credit card per customer. We reserve the right to close or vary this offer at any time.

* Offer commenced 23 July 2024 and is only available to customers in CommBank Yello Everyday, Everyday Plus or Homeowner benefit sets when they apply for a new Ultimate Awards credit card. Offer not available to customers who currently hold, or have held, any activated Awards card types in the 12 months prior as a primary cardholder or customers who switch from other card types.

To be eligible for the CommBank Yello offer, you must meet the minimum eligibility criteria as set out in the CommBank Yello Terms and Conditions available at commbank.com.au/commbankyellotcs and not have opted out of the program when applying. Eligibility for CommBank Yello is typically assessed in the first week of each month. For more information about CommBank Yello and how to check your eligibility status, please visit commbank.com.au/commbankyello.

The monthly spend criteria Is based on four successive 30-day periods and the monthly CommBank Awards points or the monthly Qantas Points will be awarded when you spend $3,500 or more in a month for the first four months. Maximum bonus points available is 100,000 CommBank Awards points or 60,000 Qantas Points. Your first 30-day period commences from the day your account is opened which you can find on your first statement. Transactions must be fully processed and any pending transactions at the end of the period will not count towards the spend criteria for that period. Cash advances or refunds are not included as eligible transactions.

To be awarded the bonus Qantas Points, you must have been opted-in to Qantas Points at the time of your CommBank credit card application or via the CommBank Awards website prior to the end of the final month of the offer campaign period. Points are initially accrued as Awards points in the CommBank Awards Program and will be automatically converted, at the end of the next Statement Period, into Qantas Points and transferred to your Qantas Frequent Flyer account. If you don’t opt-in to Qantas Points, or you opt-out of Qantas Points prior to the end of the final month of the offer campaign period, you will only receive CommBank Awards points.

The earning and redemption of CommBank Award points are subject to the CommBank Awards Program Terms and Conditions available at commbank.com.au/awardst&cs. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program.

Total eligible bonus points will be credited within 90 days of the end of the final month of the offer campaign period and will appear on your statement as ‘BONUS AWARDS’. The total bonus awards owed will be based on the number of months where the monthly spend criteria has been met. You will be ineligible for the bonus CommBank Awards or Qantas Points if your credit card account is closed, transferred, or in default at any time prior to the points being credited to your account.

Offer only available on one credit card per customer. We reserve the right to close or vary this offer at any time.

¹ If you don't have any processed transactions in a given statement period and pay your previous statement closing balance in full by the due date, you won't be charged a monthly fee for that statement period. We may process transactions later than the day you originally made them. This is when your transaction is no longer a pending transaction and has been fully processed by us.

² The CommBank Yello Cashback Offers program (‘CommBank Yello Cashback Offers’) rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on our website at commbank.com.au) (‘CommBank Yello’). Your participation in CommBank Yello Cashback Offers is governed by the full Terms and Conditions available in the CommBank app.

³ For Low Fee credit cards, there is no monthly fee when you spend at least $300 on your Low Fee credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $3. Spend includes all purchases and cash advances made using your Low Fee credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

⁴ You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. If you are not a Qantas Frequent Flyer member, you can join here. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms.

Opt-in to earn Qantas Points is $60 per year (this will increase to $90 per year effective 3 February 2025).

This is a non-refundable additional fee charged to your card when you opt-in to earn Qantas Points and each subsequent year on the anniversary of your opt-in. This is charged once per year in addition to your regular credit card fees.

Once CommBank Awards points have been redeemed for Qantas Points, they cannot be converted back to the CommBank Awards points program.

⁵ How you earn or redeem CommBank Awards points will be subject to the Commonwealth (CommBank) Awards Program Terms & Conditions (PDF). You only earn points on eligible transactions (this excludes, for example, BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card). The number of points you can earn may be capped. Awards and the number of points required for Awards are subject to change at any time without notice.

a) How CommBank Awards points and Qantas Points work:

If you opt-in to earn Qantas Points, your CommBank Awards points earnt each month are automatically transferred to your Qantas Frequent Flyer account at the end of each statement period, at the rate of 2.5 CommBank Awards points to 1 Qantas Point. Points transferred to your Qantas Frequent Flyer account are captured on your CommBank credit card statement. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms.

b) How Awards points work:

Earn 1 Awards point for every $1 spent on eligible purchases, up to and including $2,000 in statement period. Once you have spent $2,000 in any given statement period, you will earn 0.5 Awards points for every $1 you spend on any other purchases within that period.

You will not be able to opt-in to earn Qantas Points.

c) How Smart Awards points work:

Earn up to 1.5 Awards points or 0.6 Qantas Points per $1 spent at major Australian supermarkets, department stores, petrol stations, dining (cafes, restaurants, fast food & delivery services) and utilities (electricity, gas and water only). Earning these points depends on how the merchant categorises their business and provide us this information (directly or through their financial institution). You’re unable to get these points if you use an intermediary platform such as PayPal for these transactions.

Earn up to 1 Awards point or 0.4 Qantas Points for every $1 spent on all other purchases.

Once you have spent $5,000 in any given statement period, you will earn 0.5 Awards points or 0.2 Qantas Points per $1 spent on any other purchases within that period.

Points Boost

Earn up to 2 Bonus Points per $1 spent on your highest eligible transaction (not exceeding $500) made in a statement period up to 1,000 Bonus Points. Points Boosts will be applied at the end of each statement period (in some instances, purchases at the end of the statement period may be allocated to the next statement period and may be identified as the highest eligible purchase for that statement period). They will appear on your credit card statement under the ‘Awards Transactions’ section.

d) How Ultimate Awards points work: 

Earn up to 3 Awards points or 1.2 Qantas Points per $1 spent on international transactions. International transactions include any purchase you make overseas or when shopping online from Australia if the merchant or entity who processes the payment is based overseas.

Earn up to 2 Awards points or 0.8 Qantas Points per $1 spent at major Australian supermarkets, department stores, petrol stations, dining (cafes, restaurants, fast food & delivery services) and utilities (electricity, gas and water only). Earning these points depends on how the merchant categorises their business and provide us this information (directly or through their financial institution). You’re unable to get these points if you use an intermediary platform such as PayPal for these transactions.

Earn up to 1 Awards point or 0.4 Qantas Points per $1 spent on all other purchases.

Once you have spent $10,000 in any given statement period, you will earn 0.5 Awards points or 0.2 Qantas Points per $1 spent on any other purchases within that period.

⁶ International travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period when you spend at least $500 on a single prepaid travel transaction using your eligible credit card account. You will need to activate your travel insurance for each trip in order to receive any cover, including Overseas Medical cover. You may also qualify if the $500 worth of prepaid travel costs is redeemed using CommBank Awards points. You will need to provide a copy of the letter/statement/email confirming the redemption.  To activate your cover, register on NetBank, the CommBank app or call Cover-More on 1300 467 951 before you travel. Terms, conditions, restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), benefit limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet (PDF) for full conditions. Insurance products listed are issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia (CBA). CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase an upgrade policy, we (CBA) receive a commission which is a percentage of your premium. More information can be found at commbank.com.au/travelinsuranceincluded.

⁷ Mastercard Travel Rewards are only available through participating merchants outside Australia. To receive the advertised cashback, pay with your Smart Awards and Ultimate Awards Mastercard at a participating overseas merchant and meet the offer’s terms and conditions. You must pay in the overseas currency of the offer – transactions made in Australian dollars are not eligible. Cashbacks may take up to 30 days to appear on your statement. Visit mastercard travel rewards for a list of participating merchants and to find out more.

⁸ For Smart Awards credit cards, there is no monthly fee if you spend at least $2,000 on your Smart Awards credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $19. Spend includes all purchases and cash advances made using your Smart Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

For Ultimate Awards credit cards, there is no monthly fee if you spend at least $4,000 on your Ultimate Awards credit card in your statement period to qualify for no monthly fee for that month. Otherwise the monthly fee is $35. Spend includes all purchases and cash advances made using your Ultimate Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

⁹ Pay no international transaction fees for purchases you make overseas or online. For international cash advances, the cash advance fee will apply.

¹⁰ To gain access to participating airport lounges, you must register your Smart Awards and Ultimate Awards credit card on the Mastercard Travel Pass app or mastercardtravelpass.dragonpass.com, generate a membership QR code and present this along with your boarding pass for validation. Ultimate Awards customers receive two complimentary lounge visits every year, per account, each visit can be used by either the primary cardholder or guest. Guest must always be accompanied by the primary cardholder and cannot use the access on their own. Smart Awards customers will pay a fee. Please note, your lounge access may be blocked if your account is closed, in arrears, reported lost or stolen, or has been blocked by us for any reason. To redeem an offer visit the Mastercard Travel Pass app or mastercardtravelpass.dragonpass.com to select your preferred offer and generate an offer QR code. Present the valid offer QR code to the cashier and redeem the offer. Please note, offers vary by location. For information on accessing lounges, offer locations, a full list of Terms and Conditions and Frequently Asked Questions, visit FAQs at Mastercard Travel Pass.

¹¹ We’re unable to block cash advance transactions that aren’t sent to us for authorisation. These will not incur any additional fees or interest charges.

¹² Purchase Security and Extended Warranty Insurances are issued by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640). Cover-More administers the products and arranges the issue of the insurance to Commonwealth Bank of Australia (CBA)(AFSL 234945, ABN 48 123 123 124) who then provides the insurance to the cardholder in line with the agreement. Limits, , sub-limits, conditions and exclusions apply. Please read the Credit Card Insurances Information Booklet (PDF) for more information.

¹³ Travel Booking is provided by Hopper Inc (Hopper). Hopper is not part of the CBA Group. CBA is not responsible for the content on this portal, nor the provision of any of the services that are offered through this portal. The services offered are subject to the Travel Booking terms and conditions. CBA does not guarantee the obligations or performance of Hopper or the services it offers. CommBank Awards customers can choose to use all or part or all of their Awards points for payment of their booking.

¹⁴ For any new Low Rate credit card applications submitted from 10 December 2024, the interest rate on purchases will vary to between 10.99%p.a. - 15.99%p.a.

CommBank will receive a portion of the revenue generated from the Travel Booking platform.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.