The Commonwealth Bank Diamond Awards Credit Card comes with a wide range of features, including an attractive rewards program, two credit cards linked to the same account, a practically unlimited selection of rewards, various insurance policies and many premium extras that money simply can’t buy. So, what exactly does this credit card offer? Let’s take a closer look.

The Rewards Program

Considering that this is the Diamond Awards credit card, it makes sense to look at the rewards program first. As you would expect from such a highly prestigious card, the rewards program is just as prestigious. Not only is there a very high cap on the number of points you can earn per year, but the two different cards that are linked to your account make it easier than ever to earn as many points as possible.

When you sign up for the Diamond Awards card, you will actually be getting two cards, a MasterCard and an American Express, each with their own benefits. With the Commonwealth Bank Diamond Awards MasterCard you can earn up to 1.25 Awards point per dollar spent on your card. On the other hand, when using your Commonwealth Bank Diamond Awards American Express card, you can earn up to 3 points per dollar spent.

This rewards program has the highest cap of all Commonwealth Bank credit cards, allowing customers to earn up to one million Awards points per year or 500,000 Qantas Frequent Flyer points. If you travel frequently, it would probably be a wise choice to opt for the Qantas Rewards program, even if the Awards program offers a wide selection of travel related awards as well. To ensure you are making the right choice, it’s a good option to study the travel-related rewards offered by both programs and decide which suits you best. For example, the Awards program offers free flights on certain airlines and to certain destinations, just like the Qantas rewards program but they can differ, which could have an impact on your travel plans.

Both programs offer a wide range of rewards and there aren’t that many differences between them, except that you will have to pay an annual fee of $10 if you decide to link to the Qantas Rewards program. Although, if you decide to transfer your Awards points by opting in for the Qantas Rewards program, the exchange rate is 2 Awards points for 1 Qantas Frequent Flyer point.

If you prefer another frequent flyer program, you can exchange your Awards points for Velocity points from the Virgin Australia frequent flyer program or for Air New Zealand Airpoints dollars. The exchange rate is 2 Awards points for 1 Velocity Point or 160 Awards points for one Airpoint Dollar.

When it comes to redeeming points, the Diamond Awards credit card is truly unique because customers are given the option to choose whatever they desire as a reward and it will be arranged for them, even if the reward in question is not part of the many great offers already available. You can even opt to make the purchase yourself and receive cash back. Note, though, that if you do choose to go this route, you will only receive the value in cash of the Awards points you have earned, even if the value of the item you purchased is higher.

On the other hand, if you choose to take a simpler route, you can select a reward from the extensive range of offers Commonwealth Bank has for you. From gift cards, merchandise and travel rewards to cash back, the sky’s the limit.

In terms of travel related rewards, you can redeem your points for flights, cruises, accommodation, holiday packages and a lot more. To do so, simply call 1300 165 033 or navigate to the Commonwealth Awards website if you are looking for a domestic or South Pacific flight or accommodation.

If you opt to receive cash back for your Awards points, you can use it to make your repayments and it then becomes available for you to spend however you see fit.

At this level, the Commonwealth Bank Diamond Awards Credit Card comes with a highly flexible rewards program.

Living Life in Style with the Commonwealth Bank Diamond Awards Credit Card

The Commonwealth Bank Diamond Awards Credit Card comes with many other premium extras including travel and shopping benefits. And if you want to enjoy some unique experiences that even money can’t buy, then this credit card is definitely the way to go.

Travel Related Benefits

Besides a wide range of insurance policies that will allow you to enjoy travelling in complete safety, you also get some premium extras when it comes to travel. First of all, if you’ve ever wanted to visit any exotic destinations or simply go on the ultimate luxurious holiday, then Commonwealth Bank can arrange it for you thanks to their partnership with a boutique travel agency that specialises in organising unforgettable holidays that deliver unique experiences or simply relaxing trips in the lap of luxury.

When using your Commonwealth Bank Diamond Awards Credit Card to purchase a Travel Money Card, the fee will be waived. The Travel Money Card is a unique card that holds up to six currencies at a time. You can load cash on to the card before leaving the country and this way you can avoid paying the relatively high fees associated with foreign currency exchange when travelling abroad.

Shopping Benefits

Did you forget to buy your wife flowers and it’s her birthday? Do you need dinner reservations at a fancy restaurant and tickets for a show? Did you forget to pick up your husband’s dry cleaning? Well, with your Commonwealth Bank Diamond Awards Credit Card you don’t need to worry because you have access to your own concierge service round the clock. No matter where you are or what you need, just call 13 16 61, and you will receive the help you need.

Additionally, you also gain access to a wide range of privileges and amazing offers, from the Global eshop that lets you shop online at US stores that do not accept Australian cards or do not ship to Australia to a wide range of offers and savings through American Express Selects. To find out what offers are available, please visit http://www.amexselects.com.au.

Entertainment and Unique Experiences

You not only get some great shopping and travel benefits, but also a few other perks that we’re sure you will have a hard time resisting. First of all, you will be able to gain exclusive access to some amazing experiences and events. For example, who could say no to receiving expert driving tips at the Melbourne Grand Prix or a little shopping excursion with a celebrity fashionista after hours? These are experiences money can’t buy but you can enjoy with the help of your Commonwealth Bank Diamond Awards Credit Card.

Likewise, with MasterCard Applause, you can enjoy exclusive access to some of the biggest sporting events and entertainment in Australia. This includes significant discounts, great seats and pre-sale periods.

With the Commonwealth Bank Diamond Awards Credit Card you can truly enjoy the finer things in life and you can do it in style.

Included Insurance Policies

As previously mentioned, the Commonwealth Bank Diamond Awards Credit Card features some great insurance policies that will make you a much happier shopper and traveller.

If you use your Commonwealth Bank Diamond Awards Credit Card to purchase your return tickets before leaving the country, you will receive complimentary international travel insurance. You will feel much safer when travelling, knowing that you and your family are protected by a wide range of insurance policies. Since you are a Diamond Awards credit cardholder, insurance is valid for trips of up to twelve months.

When you activate your travel insurance policy, you will have coverage for a wide range of issues, including medical and hospital expenses, loss of personal items or damage, unexpected cancellation of travel plans, legal liability, loss of income and much more. There’s nothing worse than getting sick or ending up injured while travelling overseas, especially in a country like the U.S. where the cost of medical services is exorbitant. If you need to air-lifted back to Australia, the costs are downright staggering so why pay for them out of pocket when you can be protected by your Diamonds Award card complimentary insurance policy.

Even though we prefer not to think about it, accidental death is possible while travelling so why make your family’s life even more difficult when this insurance policy will provide your family with everything they need, including cash to cover your funeral expenses and much more. Your family will have enough to deal with, without adding financial issues to their plate. You just need to be realistic and understand that things can and do go wrong, so it’s best to be safe rather than sorry.

As part of your complimentary insurance you can also receive emergency medical assistance while travelling overseas as well as help with many other things like the help of an interpreter to help with documents and local authorities if required. All you have to do is call +61 2 9995 2021 and provide them with the documents proving you are eligible for the service and you will taken care of right away.

You can even make a claim while travelling, so you don’t have to wait to receive the funds and cut your trip short. Simply call the same number and you will be informed of the documentation you need to provide. Everything will then be taken care of quickly and easily.

You will also get extended warranty insurance and purchase security insurance when making purchases with your Diamond Awards card. With extended warranty insurance, you get an additional 12 months over the manufacturer’s warranty, meaning you will be protected from Murphy’s law that says the second your warranty runs out, the item in question will break.

Additionally, with the purchase security insurance policy, any products you purchase on your Diamond Awards card will be covered against damage, loss or theft for up to three months from the date of purchase.

With some much insurance available, you will never have to worry again when travelling or shopping. Just remember to charge everything to your Diamond Awards card to activate the policies and you will be completely safe.

Rates and Fees

The Diamond Awards credit card features a purchase rate of 1% p.a. for 5 months (reverts to 20.74% p.a.) and a cash advance rate of 21.74% p.a.. However, you do get a 55 day interest free period on your purchases, so if you pay your credit card bills in full every month, you can avoid paying interest.

The annual fee is $425($395 for qualifying customer) or $395 for qualifying customers, namely customers who hold a qualifying Commonwealth Bank account or loan when applying for the Diamond Awards card.

The Commonwealth Bank Diamond Awards credit card is truly a unique and prestigious card. With so many perks and benefits, it’s well worth the relatively high annual fee. So, if you are looking for something special when it comes to your credit card, because you deserve it after all, then this is definitely the card for you. It only takes moments to apply since it can be done online and you can soon be enjoying all of life’s little luxuries with the help of Commonwealth Bank.

Features of the Commonwealth Bank Low Fee Gold Credit Card

Cardholders are encouraged to check whether they qualify to have the usual $90 annual fee waived. To qualify, you’ll need to have a qualifying Commonwealth Bank account or loan at the time of application and you’ll need to spend at least $10,000 throughout the year. Do this and you’ll pay $0 annual fee on your Gold card.

The Commonwealth Bank Low Fee Gold credit card also offers up to 55 days interest free on purchases and on most bill payments. Simply pay off your outstanding balance before the due date shown on your credit card statement and you could be paying no interest on the amount you spent.

Enhanced Credit Card Security

Your Commonwealth Bank Low Fee Gold credit card is protected by enhanced security measures, which include a security chip embedded within your card. Your account is also monitored 24/7 for any fraudulent or suspicious transaction activity on your account.

Cardholders can enjoy the peace of mind of knowing that they can shop online safely using a Gold card. Commonwealth Bank guarantees that customers will never be held personally liable for unauthorised or fraudulent use of a credit card while shopping online.

Extra Insurance Coverage

Commonwealth Bank Low Fee Gold card customers can benefit from the added extra insurance coverage offered by owning a Gold card.

Aside from the added protection of Complimentary International Travel Insurance to protect you while you’re travelling overseas, you can also enjoy Extended Warranty Insurance. This allows you to receive an extra 12 months warranty on top of the manufacturer’s Australian warranty on goods purchased using your Gold card.

Purchase security insurance is also offered as a feature for the Commonwealth Bank Low Fee Gold credit card. If you purchase an item using your Gold card, and it’s lost, stolen or damaged within the first 90 days, it will be repaired or replaced free of charge.

Cardholders with a Commonwealth Bank Low Rate Gold Credit Card are encouraged to enjoy up to 55 days interest free on purchases and on most bill payments. As long as the amount you spend is repaid prior to the statement due date, you won’t pay any interest at all on the amount you spend on your card.

However, if you do happen to have a balance that carries over to the next month, you’ll know you’re only being charged a low purchase rate of 13.24%. This is among the more competitive credit card purchase rates available in Australia.

Customers can also benefit from the low balance transfer rate offered on the Commonwealth Bank Low Rate Gold credit card. There’s no need to pay high interest rates on your old credit cards when you can transfer your balance over to your Gold card and pay only 5.99% interest on the amount you transfer for the first five months.

While there is an annual fee payable for the Commonwealth Bank Low Rate Gold credit card of $120, there are several options available for having this fee discounted down to $90 for qualifying customers, or waived completely for the first year. To qualify, customers should have a qualifying Commonwealth Bank account or loan at the time of application and must have spent at least $10,000 within the first year using the card.

Benefits Galore

Customers also get the benefit of having access to the features provided by having a Gold credit card. These features include Complimentary international Travel Insurance that can provide coverage if you’re travelling abroad for up to three months.

Cardholders are also eligible for Extended Warranty Insurance of up to one year extra warranty added on top of the regular manufacturer’s Australian warranty for any items you purchase using your card.

Purchase Security Insurance is also included with your Commonwealth Bank Low Rate Gold credit card. This can protect the purchases you make using your card by offering to repair or replace those goods free of charge in the event of loss, being stolen or damaged within the first 90 days.

You can also elect to add CreditCard Plus cover to your account. This is an optional insurance that can cover you for the cost of your minimum monthly credit card payments in the event of an illness, injury or disability, or if you lose your job involuntarily.

Commonwealth Bank Low Fee Mastercard

With the Commonwealth Bank Low Fee Mastercard, if you are a qualifying customer you will not pay any annual fee for that year.

• $24 ($0 for qualifying customers) annual fee
• 20.24% p.a. on purchases
• 5.99% p.a. for 5 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 55 days interest free

Read the Commonwealth Bank Low Fee Credit Card terms and conditions.

Commonwealth Bank is one of the largest banks in Australia, and one of the most respected financial institutions in the country. Included in their very diverse range of financial products and services are the credit card deals. The Commonwealth Bank Low Fee MasterCard also belongs to that range, and offers some special benefits at very low costs. As you can guess from the name, the card is issued in conjunction with MasterCard, therefore it carries the same level of security and worldwide acceptance that is shared by all MasterCard issues.

No Annual Fee

This credit card has no annual fee for eligible customers who maintain the terms and conditions of usage. Here are the conditions that have to be met in order to avail the no annual fee offer:

1. If the applicant is an existing customer of the bank, or is a new customer who meets the credit criteria, AND
2. The cardholder spends at least $1000 with the card

An applicable bank loan or other account will also suffice for the first condition. If the first condition (being a customer of Commonwealth Bank) is not met, but the cardholder spends more than $1000 on the card, then the annual fee will be a low $24 instead of zero. If, however, none of the conditions are met then the applicable annual fee is $78.

Other Features

Apart from the no annual fee offer, the Commonwealth Bank Low Fee MasterCard features the following benefits:

• Low interest rate balance transfer for the first months, for any balance transferred from another Australian card.
• Up to 55 days interest free on purchases – Note that the interest free period will not apply if a balance transfer deal is in progress.
• Additional cardholder at no extra cost – Cardholders can add another family member to the same account, and enjoy all the benefits for the same low fees.
• MasterCard PayPass – This is a relatively new technology implemented in MasterCard chips, which allows the cardholder to pay for goods totalling less than $100 by a simple tap in front of the checkout machine. PayPass enabled machine readers will display the MasterCard PayPass logo at the front. This convenient option greatly reduces the hassle of entering your PIN or signing for small ticket items.

All in all, the Commonwealth Bank Low Fee MasterCard presents a well balanced entry level credit card. If you are an existing customer you can save on annual fees altogether, while enjoying all the above-mentioned benefits of the card.

If you are interested in concentrating your spending onto one credit card to build rewards points, it doesn’t make sense for you to spend time following up on your rewards balance; and it certainly doesn’t make financial sense for you to spend and spend on your credit card to reach a reward points goal. Instead, you need to choose a platinum credit card which helps you earn points – and bonus points – at every opportunity so that before you know it you will be eligible for a wide range of discounts, vouchers or merchandise which fit into your lifestyle.

Compare the Rewards and Features of the Commonwealth Bank Platinum Card

When choosing a platinum credit card you have to make sure you balance the rewards with the interest rates and fees to ensure you are able to earn rewards which outstrip the cost of the charges such as annual fees, which are often higher than on a non-rewards credit card. To help you decide whether the Commonwealth Bank Platinum credit card is right for you, consider the following features:

• You can earn rewards points three times faster. Your Commonwealth Bank Platinum Card account is accessed by two different credit cards. One of those cards is an American Express card, and the other is a MasterCard. Your American Express platinum card from Commonwealth Bank will earn you 3 rewards points for every dollar you spend, allowing you to easily boost your points balance.
• You don’t miss out on points if American Express is not accepted. Due to higher merchant fees charged to businesses who accept American Express payments you will find there are some stores or retailers who won’t accept the card, or will charge you the surcharge, often around 3% of the transaction cost. Therefore, rather than miss out on platinum rewards points, you can use your Commonwealth Bank Platinum MasterCard instead, and still earn one point for every dollar you spend.
• Realise rewards sooner. Commonwealth Bank have made a change to their Awards range of cards to make it easier for you to achieve the rewards you really want. Coupled with triple points earning you can find yourself with enough points for a Panasonic Hi-Fi System in 3 months, when you would previously have had to spend on your card for 10 months to build up the same amount of points. This is based on an average spend of $6,000 a month, which can be achieved by using your card for all purchases and making use of the interest free days.
• Emergency travel insurance and comprehensive travel insurance included for free. Being covered for any eventuality when you travel is one less thing to worry about, one less thing to organise, not to mention free travel insurance means one less bill to pay before you jet off.
• Secure and insured shopping online and in person. Your platinum credit card not only rewards each purchase with rewards points, but also with exclusive platinum service and extras such as globaleshop by American Express which allows your card to be accepted by online stores in the US who don’t normally accept Australian payments or orders. Your purchases will also be protected for 90 days against loss, damage or theft and you can have the manufacturer’s warranty on most purchases extended too. You’ll also gain access to the American Express Premium Privileges and Selects discount and exclusive services, as well as the MasterCard Moments and Applause programs.
• Versatile cheque facilities. As a platinum card holder with the Commonwealth Bank you can access commission-free travellers’ cheques when you travel, as well as enjoy a cheque cashing facility through your credit card account.
• A days interest free period. If you pay your balance down to zero before the end of each interest free period you are able to avoid the 20.74% p.a. interest rate charged on purchases. Interest free days do not apply to cash advances which are charged 21.74% p.a. interest. Also make sure to compare the annual fee of $280 ( $250 for qualifying customers) to that of other platinum cards, whose annual fee can be as high as $500.
• A balance transfer deal of 5.99% p.a. for 5 months. If you are looking for a balance transfer offer, consider Commonwealth Bank who are offering you a low % on your balance to give you the chance to repay more of your principal amount during the transfer period, to help you become debt free, and start enjoying the best things about owning a platinum credit card.

To apply for the Commonwealth Bank Platinum credit card is as easy as completing an online application form. It takes just minutes to fill in your personal details and you can receive an immediate response on your application. If you’re already a Commonwealth Bank customer the process is even easier because the bank already has all of your details, all you have to do is register to upgrade your account.

This problem is easily solved by choosing the right rewards credit card for you, so consider whether you could benefit from double points earning opportunities long interest free periods and a low fee for an additional card holder to help you accumulate those points – if you can, consider whether a Commonwealth Bank Gold credit card is right for you.

Features of the Commonwealth Bank Gold Card

The Commonwealth Bank Gold card rewards program has recently been upgraded, specifically to make it easier for you to earn rewards points and redeem those points for things you actually want, sooner. Other features of the new Commonwealth Bank Gold card deal include:

• Earn two points for every dollar spent on your American Express card. Where American Express is accepted and you won’t be charged a surcharge, use your Commonwealth Bank Gold American Express card. You will earn double points and grow your balance faster.
• Earn one point for every dollar spent on your MasterCard. Where American Express is not accepted, you don’t have to miss out on rewards points because your MasterCard goes on earning you points too. This is the best part of a companion card deal because you can boost your points balance where possible, but don’t miss out on points earning opportunities either. Plus, your MasterCard and American Express card are linked to the same account and go towards the same balance so you have two cards, but just one monthly payment to make.
• Commonwealth Bank American Express card benefits. You can be covered by emergency travel insurance with your American Express card, as well as be able to shop online at American stores, which don’t normally accept Australian credit cards, and which won’t normally ship to an Australian buyer.
• Gold card insurance, protection and privileges. You are also entitled to free comprehensive travel insurance for full coverage wherever you go, and a 90 day purchase security cover in case something you buy on your card is lost, stolen or damaged. You can also enjoy an extended warranty for free on your purchases, where retailers will try and charge you to extend the manufacturer’s warranty in store.
• Travellers’ cheques and cheque cashing. If you are travelling your cash cane even be taken care of as part of your Commonwealth Bank Gold card deal because you are also entitled to commission-free travellers’ cheques. You also have cheque cashing facilities with your gold card.
• A 55 day interest free period. The standard purchase interest rate is 20.74% p.a. and your cash advance rate is 21.74% p.a., but you can avoid earning interest on your purchases for 55 days, and repay your balance to zero to be eligible for the next interest free period too, so you can avoid interest charges all together.
• If you are eligible you can enjoy a reduced annual fee. The standard annual fee of the Commonwealth Bank Gold card is $144 ($114 for qualifying customers) but if you are eligible for the fee reduction, you can pay just $114 a year instead.
• A % interest rate on balance transfers for months. Why would you be paying high rates of interest on your credit card balance when there is a better deal out there? If you can’t think of a good reason to stick with your existing high interest rate credit card, switch to the Commonwealth Bank Gold card and enjoy the low side of interest for a few months of respite while you can genuinely pay down your principal balance.

If you are ready to take advantage of the faster and easier rewards program and the exclusive gold card holder deals available with the Commonwealth Bank Gold MasterCard and American Express, follow our secure link to start your application online now.

Is the Commonwealth Bank Low Fee Credit Card the Best Deal For You?

Only you can answer that question because only you know the reality of your spending and savings behaviours and the features you need to keep your credit card debt under control. Therefore, once you have determined how you use and want to use your credit card, consider whether the features of the Commonwealth Bank Low Fee credit card will help you meet those needs:

• An annual fee waiver. If you spend over $1,000 in a year on your credit card and also hold an eligible Commonwealth Bank loan or savings account you can enjoy a $0 annual credit card fee. This is a saving of $24 which can add up over time, especially when you have the opportunity to avoid it.
• A free additional card holder. You can add a friend or family member to your Commonwealth Bank Low Fee credit card for free too. Your additional card holder’s purchases go to the same account balance as your own, and there is just one monthly balance to repay. Your additional card holder can even help you reach the $1,000 spending limit to qualify for a fee free account.
• MasterCard SecureCode. MasterCard allows you to choose an additional security PIN for when you use your card online. At online stores participating in the SecureCode program, you will be asked to enter you additional PIN before your transaction is processed. This added layer of security means you never have to miss out on that online bargain again.
• Chip and PIN technology. When you use your card in person it is also well protected because instead of signing a signature which anyone can forge, you can enter your PIN when you pay with credit. With the information of your credit card on the card’s chip, it is also harder for credit card skimmers to stead the information.
• A day interest free period. Use the banks’ money fee free and interest free for days before you pay the balance back to zero and you have the opportunity to earn interest on your own funds in a specialised high interest savings account, so you actually earn interest, rather than pay interest on your credit card. If you do get charged interest, your purchases will be charged 20.24% p.a. and your cash advances 21.74% p.a..
• A balance transfer offer of 5.99% p.a. for 5 months. Stop being controlled and crushed by credit card debt and get out from under a large balance and a high interest rate with a balance transfer. You can transfer the balance from any non-Commonwealth credit card to enjoy a low interest rate, and months to focus your repayments to b e debt free.

How to Apply for the Commonwealth Bank Low Fee Credit Card Deal

The Commonwealth Bank Low Fee credit card is affordable and easy to use, and just as easy to apply for. First you need to meet the minimum eligibility requirements:

• Are you 18 years or older?
• Are you an Australian citizen or permanent resident?
• Ultimately the approval of your new card is subject to CommBank’s assessment of your credit rating.

You can then complete your application online as a new customer, or upgrade your account internet banking if you are an existing customer. Before you start your online application you will see a short review of the fees and interest charges of the Commonwealth bank Low Fee card, so you can remain informed of the credit card deal you are applying for.

To start your online application now and enjoy fee free low interest banking sooner, follow our secure link to the Commonwealth Bank online application form.

Features of the Commonwealth Awards Credit Card

A credit card should not just be a product which earns the bank money from your fees and interest charges. While you are using the bank’s money instead of your own, you are still able to be rewarded for making smart decisions with your money, like paying your balance down to zero. Features of the Commonwealth Bank awards credit card which can be rewarding for your spending include:

• Pay Pass technology for faster purchases. Commonwealth Bank is one of the first credit card providers to introduce the new MasterCard technology of the tap and go purchase. You simply need to tap your Pay Pass MasterCard on a compatible credit card reader and you can pay for any purchase less than $100 in value, in just seconds.
• Chip technology. Australian businesses have almost uniformly updated their card readers to accept chip credit cards so your larger purchases can be protected too. All of your information is stored on the chip of your card and chip credit cards are just about impossible to forge. Chip cards also come with PIN technology where you don’t need to sign for a credit card purchase, but you can enter a PIN only you know, to protect your credit when the shop attendants are not always checking signatures closely enough.
• You can qualify for a lower annual fee. For new Commonwealth Bank Awards card customers, your annual fee will be waived in the first year. From then on you can qualify for a reduced fee, from the standard $85 a year to just $59 a year, if you have an eligible Commonwealth Bank savings account, home loan or passbook account.
• Rewarding companion cards. Your Commonwealth Bank Awards MasterCard comes with a linked American Express card so you can earn 1.5 rewards points for each dollar you spend, where you earn 1 reward point for every dollar spent on your MasterCard. Your American Express card and your MasterCard are on the same account, have the same balance and you only make one monthly payment but you can earn extra points where American Express is accepted, while not missing out on points where it’s not.
• Use your rewards points to donate, travel, spend or save. You can redeem your Commonwealth Bank Awards points for travel, shopping, donations to charities, entertainment or merchandise. You can even use your awards points to pay towards your annual fee so your account remains fee free.
• Priority seating and special offers. As a MasterCard holder you have access to tickets for Australia’s biggest entertainment and sporting events, and can even purchase tickets before they’ve gone on sale, or be able to buy in priority seating areas. As an American Express card holder you will be able to buy at US online stores which don’t ordinarily accept Australian credit cards, and won’t normally deliver to an Australian address.
• A 55 day interest free period. Your Commonwealth Bank Awards credit card will allow you to spend the bank’s money for almost two months, while your wages sit safely accruing interest in a savings account. Before the end of the interest free period you can transfer the amount you need from your savings to pay off your credit card, without attracting the 20.24% purchase interest rate if you pay your balance to zero. Cash advances don’t qualify for interest free days and are charged at 19.74% p.a..
• A five month balance transfer offer with % interest. Avoid high interest charges on your current credit card by taking advantage of the Commonwealth Bank Awards credit card deal. You can transfer a balance from any non-Commonwealth Bank credit card and reduce the amount of interest you pay each month, to increase your chances of repaying your balance.

To Apply for a Commonwealth Bank Awards Credit Card

If you are an existing Commonwealth Bank customer, you can request a new Awards credit card online at the CommBank website, so you can upgrade your existing credit card, take advantage of new rewards and benefits and stay with a provider you’re already happy with. If you’re a new Commonwealth Bank customer you can also apply online; you can even save an application you start online if you get interrupted, and return later. To apply for a new or upgraded Commonwealth Bank Awards credit card deal:

• You must be 18 years or older.
• Be an Australian citizen or permanent resident.
• Meet the Commonwealth Bank credit rating requirements.

If you find the rewards deals and the features of the new Awards credit card and companion card meet your needs, follow our secure link to an online application form and be one of the first Australians to take advantage of the new deal on the Commonwealth Bank Awards credit card.