Image of CommBank Ultimate Awards Credit Card credit card

Card

CommBank Ultimate Awards Credit Card

Offer

CommBank Ultimate Awards Credit Card

Public offer

Selected terms version

Ended. These terms are no longer available.

Unknown publication date

View current offer termsOffer terms history
$450 first year annual fee
100,000 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

PremiumOffer Ended

Signup Bonus

100,000 points

Commbank

Minimum Spend

$6,000

within 3 months

Ongoing Earn Rate

1.20x points per $1 spent

Fees

First Year Annual Fee

$450

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
+100,000sign-up bonus
+7,200from $6,000 spend
=107,200Commbank points
→$500in Coles gift cards
−$450first-year fees
=$50first-year value

Bonus Difficulty

Moderate

●●○

$67 per day required

First Year Cost

$450

annual fee

Bonus Value

$500

107,200 points redeemed in Coles gift cards

Earn Rate

Average

●●○○

1.20x Commbank points per $1

Did this help you make a decision?

$50 of profit after meeting spend requirements
+ $500 Coles gift cards
- $450
annual fee

$500
x 1
in Coles gift cards, $500 total, with 2,550 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 21 Jul 2025

Ended 22 Feb 2026

Changes from terms version 2

Spend For Bonus:
6,00012,000
Bonus Period:
90150
Points Per Dollar:
1.201.00
Annual Fee:
$450
Second Year Annual Fee:
$450
Monthly Fee:
$35
Interest Rate:
20.0020.99
Lounge Pass:
Two complimentary airport lounge passes each calendar year with Mastercard Travel Pass (DragonPass)

Unknown publication date

Ended 21 Jul 2025

Changes from terms version 1

Expiration Date:
30 Sep 2023
Link:
https://www.commbank.com.au/credit-cards/ultimate-credit-card-qantas.htmlhttps://www.commbank.com.au/credit-cards/ultimate.html

Unknown publication date

First recorded terms

Bonus Commbank:
100,000
Annual Fee:
$450
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
Craig

Something out of date?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

— Craig