Image of CommBank Ultimate Awards Credit Card with Qantas Points (with $4000 per month spend) credit card

Card

CommBank Ultimate Awards Credit Card

Offer

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

Public offer

Selected terms version

Ended. These terms are no longer available.

Unknown publication date

View current offer termsOffer terms history
$30 first year annual fee
70,000 points
$6,000 min limit
1.20 points per dollar
Spend $6,000 in 90 days

This offer is currently unavailable.

Source wording history

Offer terms

Low FeeOffer Ended

Signup Bonus

70,000 points

Qantas

Minimum Spend

$6,000

within 3 months

Ongoing Earn Rate

1.20x points per $1 spent

Fees

First Year Annual Fee

$30

Ongoing Annual Fee

$450

From year 2 onwards

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.

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:

CraigCraig's Analysis
+70,000sign-up bonus
+7,200from $6,000 spend
=77,200Qantas points
→$350in Woolworths gift cards
−$30first-year fees
=$320first-year value

Bonus Difficulty

Moderate

●●○

$67 per day required

First Year Cost

$30

annual fee

Bonus Value

$350

77,200 points redeemed in Woolworths gift cards

Earn Rate

Excellent

●●●●

1.20x Qantas points per $1

Did this help you make a decision?

$320 of profit after meeting spend requirements
+ $350 Woolworths gift cards
- $30
annual fee

$250
x 1
$100
x 1
in Woolworths gift cards, $350 total, with 4,720 points remaining.

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 →

Offer terms history

These are published versions of this offer's terms. Each version preserves the conditions available at that time.

Published 29 Jun 2025

Ended 22 Feb 2026

Changes from terms version 3

Monthly Fee:
$35$0
Lounge Pass:
Two complimentary airport lounge passes each calendar year with Mastercard Travel PassTwo complimentary airport lounge passes each calendar year with Mastercard Travel Pass provided by DragonPass to over 1,300 airport lounges worldwide

Published 24 May 2025

Ended 29 Jun 2025

Changes from terms version 2

Spend For Bonus:
6,00012,000
Bonus Period:
90120
Points Per Dollar:
1.200.40
Annual Fee:
$30
Second Year Annual Fee:
$450
Monthly Fee:
$35
Program Fee:
$90
Interest Rate:
20.0020.99
Lounge Pass:
Two complimentary airport lounge passes each calendar year with Mastercard Travel Pass
Notes:
$0 monthly card fee if you spend at least $4,000 in your statement period

Unknown publication date

Ended 24 May 2025

Changes from terms version 1

Expiration Date:
30 Sep 2023

Unknown publication date

First recorded terms

Bonus Qantas:
70,000
Annual Fee:
$30
Minimum Spend:
$6,000 in 90 days

Saved notes

Earlier notes about this offer. Note dates are separate from terms publication dates.

  • Card offer has ended
    3 years ago
  • Minimum monthly spend increased from $2500 to $4000
    3 years ago
Craig

Something out of date? Let me know on Instagram, Facebook, or email and I'll fix it ASAP.

— Craig