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Commbank Credit Cards Compare Rates, Points & Perks

Find the best Commonwealth Bank credit card for you. Compare flexible Awards points, Qantas Frequent Flyer options, Low Rate cards and more.

Checked by Kredmo team.

Updated on 20 Aug, 2026

Calculate your rewards

See which cards could give you the most value based on your spending.

Reward type
Cashback
Gift Cards
Domestic Travel
International Travel
$

Rewards & Frequent Flyers

3 Credit Cards

Credit Card

  • Bonus Offer
  • Points Per $
  • Annual Fee
  • Net Rewards
Commbank Smart Awards
Commbank Smart Awards
  • Bonus Offer 40,000
    CommBank Awards Points
  • Points Per $ 1 - 2 pts
  • Annual Fee $228
  • Net Rewards
    $-
Go To Site
Commbank Smart Awards
  • No Foreign Transaction Fees
  • $100 Travel Credit
  • Mastercard Travel Lounge Access
  • $
    Cashback
    Cashback
    Frequent Flyer Points
    Frequent Flyer Points
    Airport Lounge Access
    Mastercard Travel Pass membership to over 1,300 airport lounges worldwide
    Travel Insurance
    International Travel Insurance
    Mobile Pay
    CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
    Entertainment
    Priceless Cities
Purchase Interest Rate: 20.99% p.a.
Cash Advance Rate: 21.99% p.a.
Annual Fee: $228
Minimum Credit Limit: $3,000
Annual Fee Offer: $0 if spend at least $2,000 in each statement period
Additional Cardholders: $10 per annum additional cardholder fee
Interest Free Days: 55 days
Minimum Repayment: Greater of $25 or 2% of the closing balance
Late Payment Fee: $20
No Foreign Transaction Fees: Yes
Travel Insurance: International Travel Insurance
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Travel Credit: $100 Travel Credit
Entertainment: Priceless Cities
Airport Lounge: Mastercard Travel Pass membership to over 1,300 airport lounges worldwide
Bonus Points Offer: 40,000 CommBank Awards Points and $100 in Travel Credits when you spend $4,500 or more on eligible purchases within the first 90 days of opening your new card.
Points Per $1 Spend: 1 Commbank Awards point per $1 spent up to $5,000 in a statement period, then 0.5 Awards points thereafter. 1.5 Commbank Awards points at major Australian supermarkets, department stores, petrol stations, dining (cafes, restaurants & fast food) and utilities (electricity, gas & water). 2 bonus Commbank Awards points per $1 on highest eligible purchase up to 1,000 bonus Commbank Awards points in a statement period.
Point Earning Limit: Uncapped
Flyer Points Conversion Rate: 1 Commbank Awards point = 0.4 Qantas points or 0.5 Velocity points.
Redeem Points: 10,950 Commbank Awards can get you a $50 gift card. 5,700 Qantas points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges.
Commbank Ultimate Awards
Commbank Ultimate Awards
  • Bonus Offer 900
    Travel Credits
  • Points Per $ 1 - 3 pts
  • Annual Fee $420
  • Net Rewards
    $-
Go To Site
Commbank Ultimate Awards
  • Top 5 Travel Perks
  • No Foreign Transaction Fees
  • $900 Travel Credit
  • Mastercard Travel Lounge Access
  • $
    Cashback
    Cashback
    Frequent Flyer Points
    Frequent Flyer Points
    Airport Lounge Access
    2 airport lounge pasess with Mastercard Travel Pass by DragonPass membership
    Travel Insurance
    International Travel Insurance
    Mobile Pay
    CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
    Entertainment
    Priceless Cities
Purchase Interest Rate: 20.99% p.a.
Minimum Credit Limit: $6,000
Annual Fee: $420
Additional Cardholders: No fee for additional cardholder
Interest Free Days: 55 days
Minimum Repayment: Greater of $25 or 2% of the closing balance
Cash Advance Rate: 21.99% p.a.
Late Payment Fee: $20
No Foreign Transaction Fees: Yes
Travel Insurance: International Travel Insurance
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Travel Credit: $900 Travel Credit
Entertainment: Priceless Cities
Airport Lounge: 2 airport lounge pasess with Mastercard Travel Pass by DragonPass membership
Bonus Points Offer: 900 Travel Credits . $450 in Travel Credit when you spend $9,000 on eligible purchases within 90 days of opening your card. Then another $450 Travel Credit when you keep the card open for over 12 months.
Points Per $1 Spend: 1 Commbank Awards point on eligible purchases, 2 Commbank Awards points at major Australian supermarkets, department stores and petrol stations, and 3 Commbank Awards points on international transactions all up capped at $10,000 each statement period, and any spend after will receive 0.5 Commbank Awards points.
Point Earning Limit: Partially Uncapped
Flyer Points Conversion Rate: 1 Commbank Awards point = 0.4 Qantas points or 0.5 Velocity points.
Redeem Points: 10,950 Commbank Awards can get you a $50 gift card. 5,700 Qantas points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges.
Commbank Awards
Commbank Awards
  • Bonus Offer -
  • Points Per $ 0.5 - 1 pts
  • Annual Fee $96
  • Net Rewards
    $-
Go To Site
Commbank Awards
  • $
    Cashback
    Cashback
    Frequent Flyer Points
    Frequent Flyer Points
    Shopping Protection
    Purchase Protection
    Mobile Pay
    CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
    Entertainment
    Priceless Cities
Purchase Interest Rate: 20.99% p.a.
Minimum Credit Limit: $500
Annual Fee: $96
Additional Cardholders: $10 per annum additional cardholder fee
Interest Free Days: 55 days
Minimum Repayment: Greater of $25 or 2% of the closing balance
Cash Advance Rate: 21.99% p.a.
Late Payment Fee: $20
Purchase Protection: Yes
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Entertainment: Priceless Cities
Point Earning Limit: Capped
Flyer Points Conversion Rate: 1 Commbank Awards point = 0.4 Qantas points or 0.5 Velocity points.
Points Per $1 Spend: 1 Awards point on purchases up to $2,000 per statement period, then 0.5 Awards points after.
Redeem Points: 10,950 Commbank Awards can get you a $50 gift card. 5,700 Qantas points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges.
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Low Rates / No Annual Fees

3 Credit Cards

Credit Card

  • Rate
  • Rate Offer
  • Annual Fee
  • BT Offer
  • Min Income
Commbank Neo
Commbank Neo
  • Rate 0%
  • Rate Offer -
  • Annual Fee $300
  • BT Offer -
  • Min Income -
Go To Site
Commbank Neo
  • Top 5 Low Rate
  • No Foreign Transaction Fees
Purchase Interest Rate: 0% p.a.
Maximum Credit Limit: $3,000
Annual Fee: $300
Additional Cardholders: No fee for additional cardholder
Minimum Credit Limit: $1,000
Minimum Repayment: Greater of $25 or 2% of the closing balance
Late Payment Fee: $0
No Foreign Transaction Fees: Yes
Commbank Low Rate
Commbank Low Rate
  • Rate 10.99%
  • Rate Offer -
  • Annual Fee $72
  • BT Offer -
  • Min Income -
Go To Site
Commbank Low Rate
  • Top 5 Low Rate
  • $420 Cashback
  • $
    Cashback
    Cashback
    Shopping Protection
    Purchase Protection
    Mobile Pay
    CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
    Entertainment
    Priceless Cities
Purchase Interest Rate: 10.99% p.a.
Minimum Credit Limit: $500
Annual Fee: $72
Additional Cardholders: No fee for additional cardholder
Interest Free Days: 55 days
Minimum Repayment: Greater of $25 or 2% of the closing balance
Cash Advance Rate: 21.99% p.a.
Late Payment Fee: $20
Purchase Protection: Yes
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Entertainment: Priceless Cities
Commbank Low Fee
Commbank Low Fee
  • Rate 20.99%
  • Rate Offer -
  • Annual Fee $36
  • BT Offer -
  • Min Income -
Go To Site
Commbank Low Fee
  • $240 Cashback
  • $
    Cashback
    Cashback
    Shopping Protection
    Purchase Protection
    Mobile Pay
    CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
    Entertainment
    Priceless Cities
Purchase Interest Rate: 20.99% p.a.
Cash Advance Rate: 21.99% p.a.
Annual Fee: $36
Minimum Credit Limit: $500
Annual Fee Offer: $0 if you spend at least $300 in each statement period
Additional Cardholders: No fee for additional cardholder
Interest Free Days: 55 days
Minimum Repayment: Greater of $25 or 2% of the closing balance
Late Payment Fee: $20
Purchase Protection: Yes
Mobile Pay: CommBank Pay, Google Pay, Samsung Pay, Beem It Pay
Entertainment: Priceless Cities
Show more
Tips & Tools

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Blog & Resources
Guide

Commbank Credit Cards Guide

How We Rank the Commbank Rewards Cards

At Kredmo, we use a data-driven Value Methodology to rank every card on this page:

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    Sign-Up Bonus Impact: We analyze the true value of 100k+ bonus point or cash-back offers after meeting minimum spend.
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    Points Weighted Earn Rate: We calculate the "dollar per points" value from from actual aveage Australian household spending splits (e.g., 35% Groceries, 15% Fuel, 20% Utilities) to show to best estimate what you could earn.
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    Capped and Uncapped Points: We calculate the earn rate caps or "Tiered Earn Rates" for cards with both spending amount maximums and point earning maximums.
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    Redeem Points Dollar Value: We calculate the dollar value from earned rewards points for reach rewards program for each redeem category cash back, gifts cards, domestic and international flights.
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    Cost Efficiency: We factor in the cost of the annual fee so to evaluate whether your rewards earned outweigh the annual fee or not to reveal the Year 1 Net Profit. Ensuring your rewards are an asset, not an expense.

How Kredmo Calculates Your Net Rewards $ Value

At Kredmo, we believe transparency is the key to choosing the right credit card. Our Net Rewards $ Value is a data-driven estimate of the net Rewards financial benefit you could receive during your first year of card membership.

  1. We use a specific three-step formula to convert complex bonus points or cashback offers into a clear dollar figure:

    1
    Sign-Up Bonus Valuation: We convert the headline bonus points (e.g., 100,000 points) into a dollar value based on a conservative redemption average of 0.5 to 1.0 cents per point. This represents the standard "floor value" for redemptions like digital gift cards and cashback in the Australian market.
  2. 2
    Annual Spend Projections: We calculate the points earned from your projected annual spending based on the card's specific earn rate (e.g., 1.25 points per $1 spent). We then convert
    these points into their equivalent dollar value to show what your "monthly" spending is actually worth.
  3. 3
    The 'Net Value' Deduction: To find the final figure, we subtract the first-year annual fee from the total sum of points and cash back expected to be earned. The resulting Rewards $ Value shown in our table represents your true "New Rewards $ Value"—in terms of Reward points and cash back of the value you receive after the card has paid for itself.
    Note: Our calculations assume you pay your statement balance in full each month. Because rewards credit cards carry high interest rates (often 20% p.a. or more), interest charges are not factored into this value as they would quickly negate the benefits earned.
Trust!

Why Trust
Kredmo?

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  • icon
    80+ Cards Compared: We track over 20+ Australian providers to give you a full market view, not a filtered one.
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    User-First Logic: Our rankings are built on data-driven “Value Methodology,” not whether we have a partnership with provider or not.
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    Total Independence: We show you the best credit cards currently available in the Australian market and give you the tools to make the best decision for your unique financial journey.
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    Licensed: We operate under ACL 518788.