Card
Offer
CommBank Ultimate Awards Credit Card (with $4000 per month spend)
Public offer
Offer terms
First Year Points
50,000 points
Commbank
Second Year Points
50,000 points
Minimum Spend
$9,000
within 3 months
Cash Bonus
Additional Cash Bonus
Ongoing Earn Rate
0.50x points per $1 spent
Fees
No fees disclosed
Check with issuer for complete fee structure
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
●●○$100 per day required
First Year Cost
Free
monthly fee
Bonus Value
$250
54,500 points redeemed in Coles gift cards
Earn Rate
Poor
●○○○0.50x 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 →$0 monthly card fee with $4,000 spend per statement period until 31 December 2026; $35 per month from 1 January 2027. Plus up to $300 in monthly travel credits each year while the card remains open.
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 3 Oct 2026
Changes from terms version 9
Changes from terms version 8
Changes from terms version 7
Changes from terms version 6
No recorded term changes from the previous version.
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
Unknown publication date
First recorded terms
Saved notes
Earlier notes about this offer. Note dates are separate from terms publication dates.
- Card offer has ended3 years ago
- Minimum monthly spend increased from $2500 to $40003 years ago