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.

Published 29 Jun 2025

View current offer terms Offer terms history

$0 monthly fee

$90 reward program fee

70,000 points

$6,000 min limit

0.40 points per dollar

Spend $12,000 in 120 days

This offer is currently unavailable.

Source wording history

Offer terms

PremiumOffer Ended

Signup Bonus

70,000 points

Qantas

Minimum Spend

$12,000

within 4 months

Ongoing Earn Rate

0.40x points per $1 spent

Fees

Program Fee

$90

Additional fee for reward program participation

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:

Supermarket Gift Cards Qantas Reward Flights

Craig's Analysis

+70,000sign-up bonus

+4,800from $12,000 spend

=74,800Qantas points

→$350in Woolworths gift cards

−$90first-year fees

=$260first-year value

Bonus Difficulty

Moderate

●●○

$100 per day required

First Year Cost

$90

monthly fee + $90 program fee

Bonus Value

$350

74,800 points redeemed in Woolworths gift cards

Earn Rate

Poor

●○○○

0.40x Qantas points per $1

Travel Benefits

Lounge Access

Two complimentary airport lounge passes each calendar year with Mastercard Travel Pass provided by DragonPass to over 1,300 airport lounges worldwide

Did this help you make a decision?

$260 of profit after meeting spend requirements

+ $350 Woolworths gift cards

- $0

monthly fee

$250

x 1

$100

x 1

in Woolworths gift cards, $350 total, with 2,320 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 →

$0 monthly card fee if you spend at least $4,000 in your statement period

Offer terms history

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

Terms version 4

Ended

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

Terms version 3

Ended

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

Terms version 2

Ended

Unknown publication date

Ended 24 May 2025

Changes from terms version 1

Expiration Date:

30 Sep 2023

Terms version 1

Ended

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

Other offers for this card

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