Credit CardCashback Bonus OfferAnnual Fee
Commbank Low Rate$200$59
Commbank Low Rate Gold$200$89
ANZ Frequent Flyer Black$150$425

Cash back offer credit cards are without a doubt one of the most attractive deals in the market. But the best cash back offers are sometimes hard to find. This is why we've tasked ourselves with the relentless search and found them for you. 

Keep in mind that cash back deals require a minimum spend amount on the card within a specific time frame. So make sure you meet the minimum spend to get your cash back with no hassles. 

See our list of best bonus cash back offer credit cards below in Australia for 2020.

Check out other similar articles:

Top 3 Bonus Offer Credit Cards  

Best Rewards Credit Cards  

Best Frequent Flyer Credit Cards

Commbank Low Rate

  • Cash Back Offer: $200 cashback when you spend $1,000 on eligible purchases by 31 January 2021.

  • Purchase Rate: 13.24% p.a.

  • Annual Fee: $59.

Why We Like It:

Land yourself a cashback bonus offer that towers its annual fee on the Commbank Low Rate. Get $200 cashback when you apply by 28 October 2020 and spend $1,000 on eligible purchases by 31 January 2021.

Its annual fee is $59 p.a., which in the market is considered low range.

Its purchase rate is 13.24% p.a. But an interest rate deal, take up its balance transfer offer of 5.99% p.a. for the first 5 months (as an FYI, the balance transfer does not count as a cashback offer eligible purchase). Any remaining balances will revert to the cash advance rate of 21.24% p.a.

 

Extra Benefits:  

Have access to special offers and events with the complimentary Priceless Cities access.

Sometimes we just need a hand managing our credit card spending. For that, Commbank's spending cap feature allows you can limit your spending, which can be adjusted anytime. For a closer peek into your spending habits try out its spending tracker and insights feature. 

As well it has mobile payments available with apps Apple Pay, Google Pay, Samsung Pay, Beem It.  

 

Income Eligibility: 

No set minimum income is required.

 

Commbank Low Rate Gold

  • Cash Back Offer: $200 cashback when you spend $1,000 on eligible purchases by 31 January 2021.

  • Purchase Rate: 13.24% p.a.

  • Annual Fee: $89.

Why We Like It:

Another Commbank cashback offer with an edge higher annual fee and more extra features is the Commbank Low Rate Gold. Also, get $200 cashback when you apply by 28 October 2020 and spend $1,000 on eligible purchases by 31 January 2021.

Its annual fee is $89 p.a. by which you'll still come out at surplus on the cashback. The purchase interest rate 13.24% p.a and the minimum credit limit is $4,000. 

Again, Commbank offers a balance transfer of 5.99% p.a. in interest for the first 5 months. Any remaining balances when the offer expires then revert to the cash advance rate of 21.24% p.a.

 

Extra Benefits:  

Receive complimentary international travel insurance while you explore the world. Plus, access special offers and events with the complimentary Priceless Cities access.

Further, get purchase protection on most lost, stolen or damaged items purchase worldwide. Or when only shopping in Australia, you can get up to 1 year extended warranty on most purchases.

At your fingertips is Commbank's spending cap feature to help you limit and track your spending habits. 

A range of mobile payments available, which are Apple Pay, Google Pay, Samsung Pay, Beem It.  

 

Income Eligibility: 

No set minimum income is required.

 

ANZ Frequent Flyer Black

  • Cash Back Offer: $150 cashback. When you spend $3,000 on eligible purchases in the first 3 months from approval.

  • Purchase Rate: 20.24% p.a.

  • Annual Fee: $425.

Why We Like It:

The ANZ Frequent Flyer Black has a super bonus offer! It is 100,000 Qantas Points and $150 cash back offer when you spend $3,000 on eligible purchases in the first 3 months of approval.

For rewards points, your everyday purchases will earn 1 Qantas Point per $1 spent on eligible transactions up to $7,500 per statement period. On purchases above $7,500 you then receive 0.5 Qantas Points per $1 spend.

Earn extra points on Qantas products or services with 1 bonus Qantas point per $1 spent. Points are uncapped so the sky is the limit! See the list of ANZ non-eligible purchases @ 23.Exceptions.

The purchase interest rate on the card is 20.24% p.a. coupled with an annual fee of $425 p.a. However, it does have a minimum credit limit of $15,000. 

 

Extra Benefits:  

You can enjoy complimentary two Qantas Club lounge access passes each year and a discounted first year Qantas club membership for new members.

Also, gain your access to Exclusives ANZ and VISA Entertainment to get exclusive invitations to events in entertainment and lifestyle. Whenever you need assistance with booking or planning your events its 24/7 concierge services are at your call. 

Travel related insurances inclusive are overseas travel and medical, interstate flight convenience insurance, and rental excess cover.

In addition, shop with confidence with its eligible extended warranty, best price guaranteed and 90-day purchase protection. 

 

Income Eligibility: 

Not set minimum income is required, but the minimum credit limit is $15,000.

 

We hope you found our list of best cash back offer credit cards in Australia for 2020 useful! Feel free to comment below with your thoughts on our blog.

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