Ultimate Awards credit card
Our most rewarding credit card with uncapped points earning potential, exclusive travel benefits and no monthly fee for eligible customers.
- Purchase rate
- 20.99%
- Annual fee
- $0.00
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Purchase | 20.99% | — | — |
| Cash advance | 21.99% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Additional cardholder fee Charged yearly · Pay no additional cardholder fee to share the convenience of your card with someone else. | Ongoing | $0.00 |
| Late payment fee When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date. | Late payment | $20.00 |
| Overlimit fee When we first allow you to go over your credit limit in a statement period. Only applies to accounts opened before 1 July 2012 (including any time you switch to a new credit card product). | Event | $15.00 |
| Emergency issue/ lost/ replacement card fee When you need an emergency replacement card delivered to you. | Replacement | $20.00 |
| Qantas Frequent Flyer Direct fee Charged yearly · There is a $90 annual fee charged for opting in. Once you have opted in to Qantas Frequent Flyer Direct, all CommBank Awards points earned after opting in will be automatically redeemed for Qantas points and transferred monthly to your Qantas Frequent Flyer account at the applicable conversion rate. | Ongoing | $90.00 |
| International transaction fee |
Features
- Additional cards — up to 1
- Adding an additional cardholder is an easy way to share the convenience and accessibility of your CommBank credit card, without opening a new account. You can have one additional cardholder and they must be at least 16 years old. They'll get a card with their name but with your account number.
- Bill payment (BPAY) — AutoPay
- Through AutoPay, you can choose to have the full closing balance, the minimum amount due, or set an amount debited from your chosen CommBank transaction account. If the set amount isn't enough to cover the minimum payment shown on your current statement, we'll take out more to cover the difference. If the set amount is more than your closing balance shown on your current statement, only the closing balance amount is debited.
- Bill payment (BPAY) — BPAY View
- With BPAY View you can switch to online bills & ask billers to send them directly to the CommBank app or NetBank, making it easy to see, track, and pay bills online.
- Insurance included — Extended warranty insurance
- Extends the manufacturer's Australian warranty on most purchases by up to a year. This is provided the purchase is charged to the cardholder's eligible credit card account or is purchased by redeeming Commonwealth Awards points. Restrictions, exclusions, limits, sub-limits and excesses may apply. Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full details.
Eligibility
- Minimum age — 18 yearsThe additional cardholder may be 16 years of age or older.
- Individuals onlyIndividuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.
- Applications for credit cards are subject to credit approval.
- Each application for credit is assessed on the ability of the applicant to service debt (limit) based on the financials supplied in the application.
- Residency status — AUAvailable to citizens or permanent residents of Australia and valid visa holders. Make sure you are legally allowed to work in Australia.
- Residency status — NZAvailable to citizens or permanent residents of NZ and valid visa holders. Make sure you are legally allowed to work in Australia.
Constraints
- Minimum limit — $6,000.00Note that the credit limit we give you will depend on your ability to meet your repayments.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID eecdf5a04ec94565974b3a8aa3263257 · View on CDR.gov.au