Commonwealth Bank of Australia
Low interest rates from 10.99% p.a., up to $70,000 bonus Qantas Points or $450 cashback on select cards – flexible limits and choices. Enjoy big rewards as you spend.
CommBank has rolled out some substantial offers for new credit card applicants, focusing primarily on bonus points or cashback. Australians can benefit from interest rates starting from 10.99% p.a., though actual rates will depend on your credit profile. The credit cards come with flexible credit limits and appeal to both Qantas Frequent Flyers and those looking for direct cashback.
For example, new Ultimate Awards cardholders can earn up to 100,000 CommBank Awards points or as many as 70,000 bonus Qantas Points after meeting monthly spend criteria over four months. Smart Awards also provides substantial bonus points, while Low Rate and Low Fee cards deliver up to $450 and $240 cashback respectively, provided you spend $500 per month over six months. Note that you are not eligible if you’ve held a similar card as a primary cardholder in the last 24 months.
Comment postuler étape par étape
- Choose your preferred CommBank credit card offer
- Check eligibility (no card ownership or similar product held in past 24 months)
- Gather your personal and financial details
- Complete the online application form
- Submit and await approval with a possible 60-second response
Advantages of This Offer
The combination of high points or cashback with relatively low interest rates is a real advantage. The flexibility to choose between Qantas Points or CommBank Awards for frequent flyers is excellent. Plus, these offers reward regular, responsible spending by spreading bonuses over several months. For budget-focused Australians, the Low Fee and Low Rate cards provide serious cashback value with manageable monthly minimum spends.
Inconvénients à prendre en compte
There are exclusion periods: if you’re a recent or current cardholder of similar CommBank products, you’re not eligible for these bonus offers. Additionally, if your monthly spending doesn’t meet the minimum required, you will miss out on the advertised rewards or cashback.
Verdict
The current Commonwealth Bank credit card offers present substantial value for prospective new customers. With flexible rewards and attractive rates, they’re worth considering if you can meet the eligibility requirements and planned monthly spending.
