Commonwealth Bank
Unlock up to 60,000 CommBank Awards points or up to $420 cashback when you meet spend criteria on new credit cards. Competitive rates. Fast approval.
CommBank has released compelling new credit card offers in Australia, delivering powerful rewards and cashback. The highlight is up to 60,000 CommBank Awards points and $300 in travel credits with the Ultimate Awards card, or up to $420 cashback with the Low Rate card. Interest rates range from 10.99% p.a. to 15.99% p.a. (personalised for Low Rate cards), with tailored credit limits based on your circumstances.
To be eligible, you must apply as a new customer and not have held similar CommBank cards in the last 24 months. Minimum monthly spend applies for both cashback and points offers. For example, spend $9,000 on the new Ultimate Awards card within 90 days for the points and travel credit bonus. With the Low Rate card, spend $500 or more each month to earn $70 cashback per month, up to $420 across six months.
How to Apply: A Step-by-Step Guide
Start by visiting the official CommBank credit card application website. Check the eligibility requirements carefully before proceeding. Gather your personal identification and income details for a smooth process. Select your preferred card, fill out the application form, and submit your information. If approval is granted, activate your new card and begin meeting the spend criteria for the bonus or cashback.
Key Advantages
The primary benefit is the attractive sign-up bonus: choose between thousands of reward points or hundreds of dollars in cashback, depending on your chosen card. Flexible redemption of points towards travel or merchandise enhances the value. Application approval can be rapid, with clear eligibility criteria and a seamless online process to get started quickly.
Points You Should Consider
While the rewards are impressive, existing or recent CommBank cardholders may not be eligible. There are strict minimum monthly spend requirements to unlock the bonuses—if you miss a month, you forfeit that part of the offer. Some fees may apply if your monthly spending falls below the fee waiver threshold for specific cards. Overall, meeting conditions is key to maximising benefits.
Final Verdict
CommBank’s credit card offers score highly for anyone seeking strong up-front rewards or cashback. Provided you plan to spend on your card and meet the conditions, the value on offer is excellent for new customers. Make sure you review the full eligibility and fees to ensure you are the right fit and can truly benefit from these rewards.