CommBank Ultimate Awards Credit Card (with $4000 per month spend)

Fees

Benefits

• Lounge Access

  2 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

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• 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

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• 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

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• 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

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• Rental Vehicle Insurance

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  Rental Vehicle Insurance Excess cover up to $2,250 under the activated Overseas Travel Policy

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• 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

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• 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

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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