High-Earning Rewards System
Earn up to 3 Awards points or 1.2 Qantas Points per dollar spent on international or online purchases from overseas merchants. You also earn points at supermarkets, restaurants, and utilities, ensuring value from nearly every transaction.
Exclusive Travel Perks
The card includes access to international travel insurance for you and your family when spending at least $500 on prepaid travel. Plus, enjoy free lounge access at airports through the Mastercard Travel Pass.
No Foreign Transaction Fees
Enjoy 0% international transaction fees for overseas purchases or those made online with international merchants — a perfect fit for travelers or global shoppers.
Cashback with CommBank Yello Program
Receive personalized cashback offers through the CommBank Yello program directly in the app. Cashback is credited after qualifying purchases with top partner brands.
A Premium Credit Card with Tangible Value and Elite Perks
The CommBank Ultimate Awards Credit Card goes far beyond basic rewards — it’s tailored for cardholders who demand exceptional value from both everyday purchases and international travel. Its highly flexible rewards structure allows you to earn points that can be redeemed for a wide variety of options, including electronics, gift cards, cashback, or converted into Qantas Frequent Flyer miles for travel upgrades and flights.
Beyond rewards, the card offers practical and luxury benefits like complimentary international travel insurance, two annual airport lounge passes, and zero international transaction fees, which can lead to significant savings for frequent travelers and online shoppers. Perhaps one of the most appealing features is the ability to avoid the $35 monthly fee simply by reaching a reasonable spending target of $4,000 per statement period — ensuring that high-value users are rewarded without unnecessary costs. This card is a powerful financial tool for individuals seeking both sophistication and substance in their credit card experience.
You can earn up to 3 Awards points or 1.2 Qantas Points per dollar spent on international purchases and 2 points at supermarkets and restaurants. After spending $10,000 in a billing period, the rate drops but continues to earn.
Yes! By opting into Qantas Points, you can redeem for flights, upgrades, hotels, and more via Qantas Marketplace. Points are transferred monthly from CommBank Awards to your Qantas account.
There is a $35 monthly fee, but it’s waived if you spend at least $4,000 in a billing period — ideal for users with higher monthly expenses.
If you choose to earn Qantas Points instead of Awards Points, there is an additional $90 annual fee applied when you opt in and renewed each year.
Spend $500 or more on prepaid travel using the card and activate the insurance via the app, NetBank, or by phone. Coverage includes the cardholder, spouse, and accompanying children.
Final Thoughts on the Ultimate Awards Card
The CommBank Ultimate Awards Credit Card stands out in the Australian market for its ability to reward both frequent shoppers and avid travellers. With an impressive earning potential of up to 3 Awards points (or 1.2 Qantas Points) per dollar spent on eligible purchases, it offers a tangible return on everyday expenses. Added benefits like complimentary travel insurance, zero international transaction fees, and airport lounge access position it as a premium card with real, practical value — especially for those who travel regularly or make international purchases.
Furthermore, the card’s generous sign-up bonus of up to 100,000 Awards Points (or 70,000 Qantas Points) makes it even more appealing for new customers looking to maximize their first few months of use. By strategically using the card and meeting the monthly spend threshold to waive the $35 fee, cardholders can unlock significant savings and exclusive perks. Click the button below to explore the official application process and discover all important terms and conditions before making your decision — ensuring you’re fully informed and ready to make the most of what this card offers.