Commonwealth Bank
Unlock up to 100,000 CommBank Awards points or $450 cashback, with competitive variable interest and customisable limits on select new credit cards.
CommBank is offering some exciting promotions on new credit cards, including up to 100,000 bonus Awards points with the Ultimate Awards card or $450 cashback with the Low Rate card. Interest rates for new Low Rate cards range from 10.99% p.a. to 15.99% p.a., tailored to your credit score. Maximum cashback and reward points depend on your spending within specified timeframes and adherence to terms and conditions.
The Ultimate Awards card can earn you 25,000 CommBank Awards points per month when you spend $3,000 monthly for the first four months. The Smart Awards card offers 20,000 points per month at a $1,500 spend threshold for four months. Alternatively, the Low Rate and Low Fee cards provide lucrative cashback offers for six consecutive months if you meet monthly spend requirements.
How to Apply
- Choose your preferred credit card offer on CommBank’s official website.
- Check that you meet eligibility criteria and like the interest rate and credit limit.
- Prepare your personal, financial, and employment information.
- Fill in the online application form and submit required documents.
- Wait for approval, which can be as fast as 60 seconds for qualified applicants.
Pros
The standout incentive is the generous welcome rewards—up to 100,000 Awards points or $450 cashback. Additionally, flexible eligibility across multiple credit card products means you can select an option aligned exactly with your spending habits.
Competitive variable interest rates and the ability to earn Qantas Points with some cards boost their appeal for frequent flyers.
Cons
To be eligible for the welcome bonus or cashback, you must meet strict spending requirements for consecutive periods. Not all applicants will qualify for the lowest advertised interest rates due to personalised assessment.
Exclusions apply for previous or current cardholders, limiting repeat opportunities. Cashback and points are forfeited if you close or switch your card early.
Our Verdict
These CommBank credit card offers are competitive for new applicants aiming to maximise rewards or cashback in the first few months. Make sure you are eligible and can meet the spend criteria to get full value. The tailored rates and range of rewards mean there’s likely an option that fits your needs if you’re looking for a new everyday or travel card.
