Smart Awards credit card

 General Lending Rates

• Lending Rate Type: Purchase
• Interest Rate: 20.99%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 5.99%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Additional Cards Additional Information: 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.

• Balance Transfers Additional Information: From 1 December 2023, we will no longer accept new balance transfer requests on our credit cards.

• Bill Payment Additional Information: Through AutoPay you can choose to have the full closing balance, minimum amount due or a set amount (assuming it's more than the minimum amount due and less than the full closing balance) directly debited from a CommBank transaction account.

• Bill Payment Additional Information: See, track and easily pay your bills online in NetBank or on the go in the CommBank app.

• Insurance Additional Information: 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.

• Insurance Additional Information: Cover provided for flight delays, delayed luggage, lost or damaged items while travelling inside Australia. For a set period per trip when you activate your cover. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over) limits, sub-limits and excesses may apply. Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full details.

• Insurance Additional Information: Cover provided for the difference in price of a purchase if the same business item or personal good is advertised for a lower price in store within 21 days of purchase, within 25 kilometres of the store it was purchased. Provided the price difference is greater than $75, we will refund the price difference up to a maximum amount of $500 for any one item, set or pair items (including attached and unattached accessories). This is subject to conditions, exclusions, limits, sub-limits and terms. Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full details.

• Insurance Additional Information: Covers the repair or replacement cost of goods that are lost, stolen or damaged within 90 days of most purchases. When those items are charged to the cardholder's eligible credit card account or 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.

• Insurance Additional Information: Travel insurance included on your credit card provides cover for you, your spouse and your accompanied children for return trips from Australia, up to a set period. You will need spend at least $500 in a single transaction on your prepaid travel costs (e.g. the cost of your return overseas travel ticket, prepaid accommodation, cruise, travel or tour) by charging the cost for that trip on your eligible card account before leaving Australia and activate to receive any cover, including Overseas Medical cover. You will also qualify if the $500 worth of prepaid travel costs is redeemed using CommBank Awards points. You will need to provide a copy of the letter/statement/email confirming the redemption. Conditions, restrictions, exclusions, limits, sub-limits and excesses apply. CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase an upgrade policy, we (CBA) receive a commission which is a percentage of your premium. Insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia (CBA).

• Other Additional Information: Instantly lock, block or limit your credit card for extra control through the CommBank app or NetBank.

• Loyalty Program Additional Information: Earn Bonus Points for every dollar you spend on your Awards credit cards when you shop with our bonus partners. The best part is there's no cap on how many bonus points you can earn.

• Loyalty Program Additional Information: Earn up to 2 Bonus Points or 0.8 Qantas Points per $1 spent on your highest eligible purchase made in a statement period up to 1,000 Bonus Points or 400 Qantas Points.

• Loyalty Program Additional Information: Redeem exclusively in-store at Myer and Flight Centre or choose from a range of items on the Awards site - including Gift Cards, electronics, appliances, cash back and much more.

• Loyalty Program Additional Information: If you see something you love in our CommBank Awards program, but don't have enough points, you can select Points Plus Pay. This lets you use the points you have and pay the remaining balance on your credit card.

• Loyalty Program Additional Information: Earn up to 1.5 Awards points or 0.6 Qantas Points per $1 spent at major Australian supermarkets, department stores, petrol stations, dining (cafes, restaurants & fast food) and utilities (electricity, gas & water). Earning these points depends on how the merchant categorises their business and provide us this information (directly or through their financial institution). You're unable to get these points if you use an intermediary platform such as PayPal for these transactions. Earn up to 1 Awards point or 0.4 Qantas Points for every $1 spent on all other purchases. Once you have spent $5,000 in any given statement period, you will earn 0.5 Awards points or 0.2 Qantas Points for every dollar you spend on any other purchases within that period. Points Boost: earn up to 2 Bonus Points per $1 spent on your highest eligible transaction (not exceeding $500) made in a statement period up to 1,000 Bonus Points.

• Other Additional Information: Earn up to 100,000 CommBank Awards points or up to 60,000 Qantas Points. Earn 25,000 CommBank Awards points or 15,000 Qantas Points each month when you spend $1,500 or more per month for the first 4 months on a new Smart Awards credit card. Offer is only available to customers in CommBank Yello when applying for a new Smart Awards card. Ongoing eligibility, exclusions and offer Ts&Cs apply.

• Complementary Product Discounts Additional Information: Enjoy access to over 1,300 airport lounges worldwide for a fee with Mastercard Travel Pass provided by DragonPass with your Smart Awards credit card.

• Complementary Product Discounts Additional Information: A program available exclusively to Mastercard cardholders that provides access to unforgettable experiences in the cities where you live and travel.

• Other Additional Information: Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.

• Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.

• Digital Wallet Additional Information: Pay with your Apple(TM) device using Apple Pay.

• Digital Wallet Additional Information: Pay with your Android(TM) phone using the CommBank app.

• Digital Wallet Additional Information: Pay with your Fitbit(TM) smartwatch using Fitbit Pay.

• Digital Wallet Additional Information: Pay with your Garmin(TM) smartwatch using Garmin Pay.

• Digital Wallet Additional Information: Pay with your Android(TM) device using Google Pay(TM).

• Digital Wallet Additional Information: Pay with your Samsung(TM) device using Samsung Pay.

• Other Additional Information: We help you stay on track with your credit card spending in the CommBank app.

• Interest Free Additional Information: Up to 44 days. We won't charge any interest on purchases if you pay at least the closing balance shown on your statement by the due date each and every month.

• Other Additional Information: Free protection against fraud and other unauthorised transactions with Mastercard Zero Liability.

• Other Additional Information: Use instore, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted. A Mastercard allows you to pay for things using your card, smartphone or wearable. You may receive access to other features and benefits associated with your Mastercard subject to terms and conditions.

• Notifications Additional Information: We'll tell you when your online bill payment is due.

• Notifications Additional Information: Sends message to customer to inform them their card is over limit and to make payment to reduce limit and prevent an over limit fee from being charged to the account.

• Notifications Additional Information: Reminders before payments are due to avoid late fees.

• Notifications Additional Information: Turn Transaction Notifications on in the CommBank app and we'll instantly alert you when you pay using your CommBank credit card, and when you receive money into your everyday account.

• Other Additional Information: Setting a Spending Cap helps you keep on top of your spend. Plus you can still access additional funds if you need them.

• Instalment Plan Additional Information: Pay off eligible purchases or credit card balances in fixed monthly instalments. A set-up fee of 2%-5% of the purchase amount may apply on purchase plans depending on the term. Otherwise interest is charged on the plan amount.

 Product Eligibility

• Min Age - 18. Additional Information: The additional cardholder may be 16 years of age or older.

• Residency Status - Au. Additional Information: Available to citizens or permanent residents of Australia and valid visa holders. Make sure you are legally allowed to work in Australia.

• Residency Status - Nz. Additional Information: Available to citizens or permanent residents of NZ and valid visa holders. Make sure you are legally allowed to work in Australia.

• Natural Person Additional Information: Individuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.

• Other Additional Information: Each application for credit is assessed on the ability of the applicant to service debt (limit) based on the financials supplied in the application.

• Other Additional Information: Applications for credit cards are subject to credit approval.

 Bank Fees and Charges

• Additional Cardholder Fee (Periodic), Amount: 0.00. Additional Information: Pay no additional cardholder fee to share the convenience of your card with someone else.

• Late Payment Fee (Event), Amount: 20.00. Additional Information: When you don't make your minimum monthly payment, plus any overdue amount, by your statement due date.

• Emergency Issue/ Lost/ Replacement Card Fee (Event), Amount: 20.00. Additional Information: When you need an emergency replacement card delivered to you.

• Qantas Frequent Flyer Opt-in Fee (Periodic), Amount: 60.00. Additional Information: There is a $60 annual fee charged for opting in. Once a customer has 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 their Qantas Frequent Flyer account at the applicable conversion rate.

• International Transacton Fee (mastercard Transactions) (Transaction), Amount: 0.00. Additional Information: Pay no international transaction fees for purchases you make overseas or online. For international cash advances, the cash advance fee will apply.

• Cash Advance Fee (Withdrawal), Amount: Not Listed.. Additional Information: This is charged for cash advances from Commbank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers. Capped at a maximum fee of $300.00 (or $4.00 if your closing balance was in credit the previous business day).

• Cash Advance Fee (Withdrawal), Amount: 4.00. Additional Information: This is charged for cash advances from Commbank branches or other Australian financial institutions, ATMs, overseas terminals or financial institutions, funds transfers using CommBank networks and purchases of cash equivalent items, such as gambling, lottery tickets and money transfers. Capped at a maximum fee of $300.00 (or $4.00 if your closing balance was in credit the previous business day).

• Monthly Fee (Periodic), Amount: 19.00. Additional Information: Payable each month, giving you access to the features and benefits of your credit card.

 Limitations & Restrictions (Constraints)

• Min Limit of 3000.00 Additional Information: Note that the credit limit we give you will depend on your ability to meet your repayments.

 Document Downloads

  credit-card-insurances-pds-info-booklet.pdf (4.5 MB)