Commonwealth Bank
Take advantage of 40,000 or 60,000 Awards points with travel credits, or earn up to $420 cashback. Flexible options and competitive spending thresholds.
The CommBank Awards and Cashback credit card offers present attractive options for those looking to earn rewards points, travel credits or cashback. As an independent reviewer, I’ve compared the core offers: 40,000 or 60,000 CommBank Awards points plus $100 or $300 in Travel Credits via Travel Booking, and up to $420 cashback on spend.
To qualify for the Smart Awards offer, you need to spend $4,500 or more on eligible purchases within the first 90 days to earn 40,000 points and $100 in Travel Credits. The Ultimate Awards offer lifts this to $9,000 in 90 days for 60,000 points plus $300 Travel Credits. For cashback, spend $500 per month using the Low Fee or Low Rate card, and you could earn monthly cashback up to $240 or $420 respectively. Interest rates range from 10.99% p.a. to 15.99% p.a. on the Low Rate card, with no monthly fee for hitting the minimum spend on some cards.
How to Apply: Step-by-Step
- Select your preferred offer and card type (Smart Awards, Ultimate Awards, Low Fee, or Low Rate).
- Review eligibility criteria carefully based on your recent credit card history.
- Prepare your proof of income, identification, and financial details.
- Start the application online and fill in all required information.
- Wait for credit approval and follow steps to activate your new card upon approval.
Key Pros
Generous rewards are a major highlight. With 60,000 Awards points and $300 Travel Credits, the Ultimate Awards card is a strong choice for frequent spenders and travellers.
The cashback offers on Low Rate and Low Fee cards deliver tangible savings, ideal if you prefer direct financial benefits over points or travel credits. Monthly fees can also be avoided by meeting spend requirements.
Key Cons
Exclusions apply, notably if you’ve held certain CommBank cards in the last 24 months, which can restrict applicant eligibility for these bonuses.
The relatively high spend thresholds may not suit all users, particularly for the 60,000 points offer. Missing minimum spend means missing out on rewards.
Verdict
CommBank’s 2026 credit card offers are well-structured for customers who can meet the spend requirements and want tailored rewards. If you’re after flexible benefits, these offers provide strong value as long as you match eligibility. For those looking to maximise rewards, assess your spending habits and needs before applying.