Commonwealth Bank of Australia
Get up to 100,000 bonus points or $450 cashback. Low Rate, Low Fee, Smart and Ultimate Awards cards. Personalised variable rates from 10.99%-15.99% p.a.
If you’re considering a new credit card, Commonwealth Bank of Australia (CommBank) currently has some enticing offers. You can choose between up to 100,000 bonus points with the Ultimate Awards card or up to $450 cashback with the Low Rate card. The interest rates range from 10.99% to 15.99% p.a. for the Low Rate card, depending on your credit profile. Though specific credit limits are personalised, applicants can expect standard limits subject to approval. There are also offers for Smart Awards and Low Fee cards, with attractive points and cashback on eligible spend.
How to Apply: Step-by-Step Guide
- Visit the CommBank website and navigate to the credit cards section.
- Select the card offer that matches your preferences and spend habits.
- Click on the application button and fill in the online form with your personal and financial details.
- Submit any required identification and supporting documents.
- Wait for CommBank to conduct a credit assessment and receive your approval or outcome.
Key Pros
First, the accelerated rewards and cashback offers are highly attractive. For bonus points, the Smart Awards and Ultimate Awards cards deliver substantial benefits to eligible new customers.
The eligibility period and spend targets are reasonable, giving you an achievable way to unlock either points for rewards or handy cashback – both great for maximising value early on.
Potential Cons
These offers are only available to new applicants who haven’t held the same card in the last 24 months as primary cardholder. Existing or recent cardholders are ineligible.
Points or cashback only apply if minimum monthly spend is met. If you miss a month or close the account early, you’ll lose the benefit for that period.
Our Verdict
CommBank’s credit card offers are excellent for new cardholders aiming to boost rewards or secure cashback. They suit consistent spenders who meet requirements, but aren’t ideal for those with recent CommBank credit card history. Consider your eligibility and spending ability before applying.
