Compare CommBank Credit Cards
Compare the latest CommBank Credit Card offers. 45,000 bonus Qantas Points. 45,000 bonus Velocity Points. Review your existing CommBank Credit Card. Get a better deal today.
Updated 9 May 2024
Offers 1 - 10 of 25
Are CommBank Awards or Qantas Frequent Flyer rewards better?
If you take out a CommBank loyalty points Credit Card you’ll generally have the option to link it to Qantas Frequent Flyer or CommBank Awards. We look at the pros and cons of each rewards program to help you choose which is right for you.
How do CommBank Awards credit cards work?
The CommBank Awards program is designed to give you flexibility in the way you choose to redeem rewards points. It allows you to accumulate rewards on your everyday purchases and doesn’t cap the number of points you can earn.
You can then spend these points across a range of categories, including Gift cards and Cashback. You can also convert your CommBank Awards points to frequent flyer points with 7 different partners, including Velocity Frequent Flyer, Cathay Pacific Asia Miles, Etihad Guest, United MileagePlus, Lufthansa Miles & More, Malaysia Airlines, andAir France KLM.
The following provides more information about these redemption options:
- Gift cards. You can convert your CommBank Awards points for gift cards through a number of retail partners. These include Myer, Coles, BP, Apple, Kmart, Target, Westfield, and more.
- Cashback.CommBank Awards has a cashback scheme that offers you $5 in return for every 1,250 points you redeem.
- Airline partners. 7 different frequent flyer programs partner with CommBank Awards offering the following rates of exchange:
- Velocity Frequent Flyer.2 CommBank Awards Points = 1 Velocity Point
- Cathay Pacific Asia Miles.2.5 CommBank Awards Points = 1 Asia Mile
- Etihad Guest.3.5 CommBank Awards Points = 1 Etihad Guest Mile
- United MileagePlus.4 CommBank Awards Points = 1 Mile
- Lufthansa Miles & More.4 CommBank Awards Points = 1 Mile
- Malaysia Airlines.3.5 CommBank Awards Points = 1 Enrich Point
- Air France KLM.3 CommBank Awards Points = 1 Flying Blue Mile
Which cards come with CommBank Awards?
CommBank offers 3 different cards that come with CommBank Awards. These include the entry-level CommBank Awards card, as well as the CommBank Smart Awards and the CommBank Ultimate Awards. For a higher fee, these offer the opportunity to earn more rewards points, and feature other travel-related benefits.
The fourth CommBank Awards card is the CommBank Ultimate Awards credit card. This is a ‘no international’ fee card which could potentially save you money if you’re travelling overseas or you do a lot of internet shopping using overseas-based companies.
Summary of the benefits of CommBank Awards cards
| CommBank Awards | Fee$96 | International transaction fee3.5% | Purchase rate21.99% p.a. | Free Daysup to 44 | Rewards points earned Earn CommBank Awards Points 1point per $1 spent up to $2,000, then 0.5 per statement | Other benefits n/a | Minimum credit limit$500 | |
|---|---|---|---|---|---|---|---|---|
| CommBank Smart Awards | Fee$228 | International transaction fee0% | Purchase rate21.99% p.a. | Free Daysup to 44 | Rewards points earned Earn CommBank Awards Points 1point per $1 spent up to $5,000, then 0.5 per statement | Other benefits No international transaction fees Complimentary travel insurance | Minimum credit limit$3,000 | |
| CommBank Ultimate Awards | Fee$420 | International transaction fee0% | Purchase rate21.99% p.a. | Free Daysup to 44 | Rewards points earned Earn CommBank Awards Points 1point per $1 spent up to $10,000, then 0.5 per statement | Other benefits No international transaction fees Complimentary travel insurance | Minimum credit limit$6,000 |
Current offers on CommBank Awards cards
CommBank has the following offer for people taking out a new CommBank Awards card.
CommBank Smart Awards
90,000bonus points
How do the CommBank Qantas Frequent Flyer credit cards work?
As the name suggests when you spend money on your CommBank Qantas Frequent Flyer card, you earn Qantas Frequent Flyer Points directly. Points are uncapped and the amount you’ll receive depends on how much you spend.
Qantas Frequent Flyer program is extensive, giving you the opportunity to use points for domestic and international flights and upgrades. You can also redeem points for:
- hotels
- shopping, including gift cards and direct purchases from the Qantas Store
- purchases through Qantas Wine
- Qantas Travel Insurance, and
- hire cars and fuel through BP
Which cards come with Qantas Frequent Flyer?
CommBank offers 3 different cards that link to Qantas Frequent Flyer. These include the entry-level CommBank Awards - Qantas card, as well as the CommBank Smart Awards - Qantas and the CommBank Ultimate Awards - Qantas. For a higher fee, these offer the opportunity to earn more rewards points, and feature other travel-related benefits.
Summary of CommBank Qantas Frequent Flyer Cards
| CommBank Awards - Qantas | Fee$156 | International transaction fee3.5% | Purchase rate21.99% p.a. | Free Daysup to 44 | Rewards points earned Earn Qantas Points 0.4points per $1 spent up to $2,000, then 0.2 per statement | Other benefits n/a | Minimum credit limit$500 | |
|---|---|---|---|---|---|---|---|---|
| CommBank Smart Awards - Qantas | Fee$288 | International transaction fee0% | Purchase rate21.99% p.a. | Free Daysup to 44 | Rewards points earned Earn Qantas Points 0.4points per $1 spent up to $5,000, then 0.2 per statement | Other benefits No international transaction fees Complimentary travel insurance | Minimum credit limit$3,000 | |
| CommBank Ultimate Awards - Qantas | Fee$480 | International transaction fee0% | Purchase rate21.99% p.a. | Free Daysup to 44 | Rewards points earned Earn Qantas Points 0.4points per $1 spent up to $10,000, then 0.2 per statement | Other benefits No international transaction fees Complimentary travel insurance | Minimum credit limit$6,000 |
Current offers on CommBank Qantas Frequent Flyer cards
CommBank has the following offer for people taking out a new CommBank Qantas Frequent Flyer card.
CommBank Smart Awards - Qantas
45,000bonus points
30,000bonus points
Which should you get: CommBank Awards or Qantas Frequent Flyer?
Ultimately, whether you should choose a CommBank Awards or a CommBank Qantas Frequent Flyer credit card depends largely on how you intend to redeem the points.
If you’re happy flying Qantas and shopping through its partners, then earning Qantas Frequent Flyer points directly can be a great option.Alternatively, if you’d prefer to fly another airline, then the CommBank Awards card gives you the opportunity to redeem through 7 different frequent flyer loyalty programs schemes (Qantas isn’t one of them).
If cost is a consideration, it’s also worth noting that the CommBank Awards cards tends to be slightly cheaper than the CommBank Qantas Frequent Flyer cards. But if you’re earning more points on an airline you’d choose to fly, this probably won’t matter.
Alternatively, if you don’t feel like you’ll get value out of rewards points, a low-cost no-frills card could save you money.
In short…
Both cards offer great rewards programs and the choice ultimately comes down to personal preference.