Smart Awards credit card

 General Lending Rates

• Lending Rate Type: Purchase
• Interest Rate: 20.99%, 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.

• Bill Payment Additional Information: 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 Additional Information: 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 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: Covers domestic travel cancellations and delays, luggage delays, loss or damage to personal goods, and funeral expenses paid for on the eligible card. Conditions, restrictions, exclusions, limits, sub-limits and excesses may apply. Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full details. 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. 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).

• 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 or Travel Booking travel credits. You will need to provide a copy of the letter/statement/email confirming the redemption, or a screenshot of the Travel Booking confirmation with the payment method. 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).

• Loyalty Program Additional Information: Access the CommBank Awards program and earn Awards points as soon as you start using your CommBank Awards credit card. You can earn points on everyday credit card purchases with no expiry on points, redeem Awards points for a range of Awards items on the Awards site including at Myer, Gift Cards or cashback, easily check your Awards points balance in NetBank or the CommBank app and earn Bonus Points when you make purchases with your credit card at one of our bonus partners including the Bonus Points eShop.

• Loyalty Program Additional Information: Qantas Frequent Flyer members can opt-in with an annual fee of $90 to earn Qantas Points on everyday purchases using a CommBank Awards credit card. Use your Qantas Points to choose from thousands of rewards such as flights, flight upgrades, hotel stays, wine or shopping at Qantas Marketplace. Points you earn are transferred to your Qantas Frequent Flyer account at the end of each statement period at a rate of 2.5 CommBank Awards points to 1 Qantas Point. Easily check your Qantas Points balance. through your Qantas Frequent Flyer account. To opt-in, choose Qantas Points instead of CommBank Awards points in your credit card application. Existing CommBank Awards cardholders can opt-in to Qantas Points via the CommBank Awards website or by calling 13 16 61.

• 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.

• 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.

• Complementary Product Discounts 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 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.

• 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.

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

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

• 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.

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

• Notifications Additional Information: We'll notify you when you go over your limit so you can make a payment in time and prevent an overlimit fee from being charged to your account. (Only applies to accounts opened before 1 July 2012).

• 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: Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.

• Digital Banking 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.

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

• 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.

 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: Applications for credit cards are subject to credit approval.

• 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.

 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.

• Overlimit Fee (Event), Amount: 15.00. Additional Information: 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).

• 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: 90.00. Additional Information: There is a $90 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 Transaction Fee (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. Pay no monthly fee if you spend at least $2,000 in your statement period.

 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

  cc2-cou.pdf (760 K)
  adb1682.pdf (81 K)
  credit-card-insurances-pds-info-booklet.pdf (4 M)
  commbankawards-ts-cs.pdf (330 K)