How to apply for your Commonwealth Awards Credit Card

The CommBank Awards Credit Card is one of the most popular rewards-based credit cards in Australia. It allows cardholders to earn CommBank Awards points on every eligible transaction, which can be used for a variety of redemptions, including shopping, travel, and gift cards.

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Cardholders earn 1 Awards point for every $1 spent on eligible purchases, up to $2,000 per statement period, with no annual cap on point accumulation. CommBank Awards Credit Card users also enjoy cashback offers through CommBank Yello, access to Priceless.com experiences, and free travel booking via the CommBank app (powered by Hopper). Additional benefits include up to 44 days interest-free on purchases, no fee for supplementary cardholders, and complimentary purchase security and extended warranty insurance.

While the card offers robust rewards, it does come with a monthly fee of $8 and a higher interest rate on purchases (20.99% p.a.) compared to Low Rate or Low Fee cards. After reaching the $2,000 threshold per statement period, the points earning rate drops to 0.5 points per $1 spent. The card does not earn Qantas Points or include international travel insurance, and international transactions are subject to additional fees.

Benefits of Commonwealth Bank Awards Credit Card

Benefit 1: Earn rewards on everyday spending

One of the standout features of this card is the ability to earn CommBank Awards points on every eligible purchase.

Cardholders receive 1 point per $1 spent on qualifying transactions up to $2,000 per statement period, and continue to earn 0.5 points per $1 beyond that.

Whether you’re buying groceries, paying bills, or shopping online, you’re consistently building up points that can be used for meaningful rewards.

Benefit 2: Flexible and extensive redemption options

Points can be redeemed for cashback, travel bookings, gift cards, merchandise, and exclusive experiences.

Through the CommBank app, users can access the Hopper-powered Travel Booking portal to redeem points for flights and hotels. You can also use points at major Australian retailers like Myer and Flight Centre, or choose from a wide catalog of rewards without worrying about point expiration.

Benefit 3: Global acceptance with Mastercard

As part of the Mastercard network, the CommBank Awards Credit Card is accepted worldwide, making it a reliable option for both local and international purchases.

Benefit 4: Complimentary purchase protection and extended warranty

Eligible purchases are covered by free Purchase Security Insurance and Extended Warranty Insurance (underwritten by Cover-More).

This gives you additional peace of mind when buying valuable items.

Benefit 5: No additional fee for supplementary cardholders

You can add a second cardholder to your account at no extra cost, making it easy for family members to contribute to point accumulation and share card benefits.

Benefit 6: Up to 44 days interest-free on purchases

When managed responsibly, the card offers up to 44 days interest-free on purchases—giving you extra time to pay without incurring interest, as long as the full balance is cleared by the due date.

Benefit 7: Exclusive cashback with CommBank Yello

Through the CommBank Yello Cashback Offers, cardholders receive personalized cashback deals from popular brands. These offers are tailored based on your spending habits and are activated directly in the app—providing real savings on things you already buy.

About Commonwealth Bank

The Commonwealth Bank of Australia (CommBank) is one of the country’s largest and most trusted financial institutions, serving over 17 million customers. Founded in 1911, it offers a wide range of services including personal and business banking, investments, and credit cards.

Known for its strong digital capabilities and customer-focused approach, CommBank provides seamless banking experiences through its app and online platforms. Operating primarily in Australia and New Zealand (via its ASB subsidiary), the bank is guided by its purpose: “building a better future for all.”

Fees and interest rates

The fees and interest rates for the Commonwealth Bank Awards Credit Card are as follows:​

• Monthly fee: $8 per month (equivalent to $96 annually)​.
• Purchase interest rate: 20.99% p.a.​
• Cash advance interest rate: 21.99% p.a.​
• Foreign transaction fee: 3.5%​.
• Late payment fee: $20​.

Positives and negatives of Commonwealth Bank Awards Credit Card

Positives

• The CommBank Awards Program is one of Australia’s most comprehensive rewards programs, offering a vast range of redemption options.
• As a Mastercard, the card offers exclusive deals and discounts, including travel and lifestyle perks.
• The card comes with complimentary purchase protection, helping to safeguard purchases against fraud and theft.

Negatives

• While great for domestic use, this card charges foreign transaction fees, making it costly for international purchases.
• The card does not provide complimentary travel insurance, which is available with some premium credit cards.
• The purchase interest rate on this card is higher compared to basic credit cards, making it important for users to pay off their balance in full each month.

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Step-by-step guide to applying for the Commonwealth Bank Awards Credit Card

Applying for the Commonwealth Bank Awards Credit Card is a straightforward process, but to ensure a smooth application and increase your chances of approval, follow these detailed steps carefully.

• Visit the CommBank website: Go to the official site, navigate to Credit Cards > Awards Credit Card, review the details, and click “Apply Now”.
• Check eligibility: You must be 18+, an Australian citizen or eligible visa holder, with a good credit history and sufficient, stable income.
• Prepare documents: Have ready the ID (driver’s license, passport); proof of income (payslips, tax returns); and employment and financial details (debts, expenses)
• Complete the online form: Enter personal, employment, financial, and ID information accurately. Upload required documents.
• Submit application: Review everything carefully. CommBank will run a credit check and may request further documents.
• Approval process: You’ll get an approval, a request for more info, or a decline.
• Activate your card: After receiving it by mail, activate via online banking, the app, or phone, then start using your card.

Final tips for a successful application

• Ensure you meet all eligibility criteria before applying.
• Provide accurate and up-to-date information to avoid delays.
• Have all required documents ready before starting the application.
• Regularly check your email and phone for updates or requests for additional details.
• By following these steps, you can successfully apply for the Commonwealth Bank Awards Credit Card and enjoy its rewards and features.

Customer support and contact details

For any assistance related to the Commonwealth Bank Awards Credit Card, customers can reach out to CommBank through the following:

• Phone support (Australia): 13 2221
• International Contact: +61 2 9999 3283
• Website: CommBank Credit Cards

Final thoughts

The Commonwealth Bank Awards Credit Card is a solid choice for individuals who want to earn rewards on their everyday spending. With a wide range of redemption options, digital wallet compatibility, and Mastercard’s global acceptance, it offers great value for frequent spenders.

However, the annual fee and higher interest rates may not make it suitable for those who do not plan to pay off their balance in full each month. Additionally, while the rewards program is extensive, foreign transaction fees and the lack of complimentary travel insurance may be drawbacks for international travelers.

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Overall, this card is ideal for those who want a balanced rewards program with everyday benefits and are comfortable with the associated fees.