CommBank Ultimate Awards Credit Card
Offer Details
Signup Bonus
100,000 points
Commbank
Minimum Spend
$12,000
within 5 months
Ongoing Earn Rate
1.00x points per $1 spent
Fees
Monthly Fee
$35 per month
Equivalent to $420 annually
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefits
- Lounge Access2 visits/year · Mastercard Travel Pass (DragonPass)
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Two complimentary airport lounge visits each calendar year per account via Mastercard Travel Pass provided by DragonPass (over 1,300 lounges worldwide); must register the card at mastercardtravelpass.dragonpass.com to generate a membership QR code; each visit usable by primary cardholder or guest
- Travel Credits
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Up to 10% back in travel credits as an eligible CommBank Yello customer when booking flights/hotels via Travel Booking (provided by Hopper); Yello Plus/Gold 5%, Diamond 10% plus a $100 first-time travel credit; credits have a 2-year expiry
- Points Transfer Benefits
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Opt-in (for $90/year) to transfer CommBank Awards points to Qantas Frequent Flyer; points auto-transfer each statement period at 2.5 CommBank Awards points to 1 Qantas Point
- Shopping Benefits
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CommBank Yello Cashback Offers: personalised, activatable cashback offers with partnered brands via the CommBank app for eligible Mastercard cardholders; cashback typically received within 14 business days. Mastercard Travel Rewards cashback also available at participating overseas merchants
- No International Transaction Fee
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0% international transaction fee on purchases or cash advances made overseas or online where the merchant or processing entity is located overseas
- No Foreign Currency Conversion Fee
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No foreign currency conversion fee charged on overseas or online international transactions
- No Additional Cardholder Fee
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No additional cardholder fee to share the card with someone else
- No Annual Fee
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No monthly fee ($35 otherwise) in any statement period where at least $4,000 is spent on the card; spend includes purchases and cash advances minus refunds
- Travel Insurance
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Complimentary international travel insurance (Overseas Travel Policy, issued by Zurich, administered by Cover-More) for the cardholder and accompanying family on return trips from Australia of up to 12 months per journey; requires spending at least $500 in a single transaction on prepaid travel costs (or redeeming $500 of Awards points/Travel Booking credits) on the card and activating cover before travel; includes unlimited overseas emergency medical and hospital expenses
- Purchase Protection Insurance
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Purchase Security: new items bought on the card (or via Awards points redemption) covered against loss, theft or damage for 90 consecutive days from purchase; $100 excess; up to $200,000 per 12-month period for personal Ultimate Awards cardholders
- Extended Warranty Insurance
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Extends the manufacturer's Australian warranty on eligible items charged to the card by a period equal to the original warranty, up to a maximum of one extra year (no cover where the Australian warranty exceeds 5 years); $100 excess; up to $20,000 per 12-month period for personal Ultimate Awards cardholders
- Rental Vehicle Insurance
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Rental Vehicle Insurance Excess cover up to $2,250 under the activated Overseas Travel Policy
- Interest Free Periods
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Up to 44 interest-free days on purchases when the full closing balance shown on the statement is paid by the due date each month
- Installment Plans
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SurePay instalment plans let you repay a purchase or all/part of the card balance over monthly instalments (Purchase plan, Card balance plan, Cash advance balance plan); Purchase plans on a purchase of $100 or more made in the last 14 days at 0% p.a. interest for a set-up fee of 2% (3-month), 3% (6-month) or 5% (12-month); a set-up fee may apply; not available on balance transfers
Benefit history
- No Annual FeeUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Lounge AccessUpdated May 2026
- Travel InsuranceUpdated May 2026
- No International Transaction FeeUpdated May 2026
I'd like to use my bonus for:
Craig's AnalysisBonus Difficulty
Moderate
●●○$80 per day required
First Year Cost
$245
7 months of fees - assuming you keep the card for the bonus period (5 months) + 2 statements (waiting for points to arrive in your account)
Earn Rate
Average
●●○○1.00x Commbank points per $1
Travel Benefits
Lounge Access
Two complimentary airport lounge passes each calendar year with Mastercard Travel Pass (DragonPass)
Did this help you make a decision?
Can I get this bonus if I've had a card from Commbank before?
You generally need to wait 24 months after your last Commbank sign-up bonus before you can earn this one.
See exclusion periods for every Australian issuer →- Card offer has ended3 years ago