Commonwealth Bank
Get up to 100,000 Awards points or $450 cashback with selected CommBank credit cards. Enjoy competitive rates and bonus offers. Quick response when you apply.
The CommBank Ultimate and Smart Awards credit cards are currently offering attractive rewards for new cardholders in Australia. The Ultimate Awards card allows you to earn up to 100,000 points by spending $3,000 per month for the first four months. The Smart Awards card rewards up to 80,000 points when you spend $1,500 per month for four months. For cashback fans, the Low Rate credit card can deliver up to $450, and the Low Fee card up to $240 cashback.
Interest rates for new Low Rate cards range from 10.99% p.a. to 15.99% p.a., depending on your credit profile. The credit limit and eligibility are determined by the bank’s assessment and your credit history. There are exclusions for those who hold or have held similar CommBank cards in the past 24 months.
How to Apply: Step by Step
- Go to the CommBank credit card offers page.
- Choose the preferred credit card offer.
- Fill in the online application form with your details.
- Submit proof of income and identification if requested.
- Wait for the application’s approval and receive a response, typically in 60 seconds.
Top Pros
The points and cashback offers are some of the most generous in Australia, giving you more back for your spending. Fast application approval is a major convenience, making it easy to access credit quickly.
Flexible reward choices, including transferring CommBank Awards points to Qantas Frequent Flyer, are ideal for frequent travellers and loyalty program fans. The cards come with reasonable minimum spend requirements that make it achievable for most.
Potential Cons
There are strict eligibility requirements that exclude past and current cardholders of some CommBank card types within 24 months. The minimum spend to unlock the full bonus might be high for modest spenders.
Interest rates on Low Rate cards are variable and depend on your credit profile, which might result in higher rates for some applicants. Cashback and points will be forfeited if your account closes or falls into default before rewards are credited.
Our Verdict
The CommBank Ultimate and Smart Awards credit card offers stand out for generous rewards and fast processing. They’re best for people who can meet the minimum spend. If you like earning rewards for everyday spending or value cashback, these offers are great to consider. Just make sure you check your eligibility first for the best experience.
