CommBank Ultimate Awards credit card

The Cards referred to on this page are offered, issued and administered by Commonwealth Bank of Australia, Australian Credit Licence number 234945 and ABN 48 123 123 124.  

The credit card products referred to on this  webpage are not Qantas products and not offered or issued by Qantas but by the relevant credit licensees referred to above. The information about the credit products has been provided by the relevant credit licensees and not Qantas. Qantas does not hold an Australian Credit Licence and is not a licensee in relation to the credit activity being engaged in by the relevant credit licensees. 

The information on this webpage is factual and of a general nature only and does not consider your personal objectives, financial situation or particular needs.  

Qantas is not recommending the products described on this webpage. We recommend that you obtain independent advice before you apply for any product which is described on this webpage. Qantas does not accept liability for any loss arising from the use of, or reliance, on the information provided on this webpage.

Points are offered by the relevant program card partner and partner reward program and can only be earned on eligible purchases. Bonus points amounts offered are different for each credit card. Minimum spend criteria and conditions apply.

Disclaimer: # No monthly fee if you spend at least $4,000 on your CommBank Ultimate Awards credit card in your statement period. If you do not meet the above criteria, there is a monthly fee of $35. Spend includes all purchases and cash advances made using your CommBank Ultimate Awards credit card, minus any refunds. This is for all transactions fully processed in the given statement period (not pending transactions).

Disclaimer: ^ This is a non-refundable additional fee charged to your card when you opt-in to earn Qantas Points and each subsequent year on the anniversary of your opt-in. This is charged once per year on top of your regular credit card fees. Fee applies to each account opted-in to Qantas Points. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. If you are not a Qantas Frequent Flyer member, the membership joining fee will be waived if you apply and receive a CommBank Ultimate Awards credit card and join for free. Membership and Qantas Points are subject to the Qantas Frequent Flyer program terms and conditions.

Disclaimer: + You can earn up to 1.2 Qantas Points for eligible purchases you make on the CommBank Ultimate Awards card. You get 1.2 Qantas Points for every $1 spent on international transactions. International transactions include any purchase you make overseas or when shopping online from Australia if the merchant or entity who processes the payment is based overseas. You get 0.8 Qantas Points for every $1 spent at major Australian supermarkets, department stores and petrol stations,  dining and utilities (electricity, gas and water only). Earning these points depends on how the merchant categorises their business and provides 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. You get 0.4 Qantas Points for every $1 spent on all other purchases. Once you have spent $10,000 in any given statement period, you will earn 0.2 Qantas Points for every dollar you spend on any other purchases within that period.

Disclaimer: ~ International 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 when you spend at least $500 on a single prepaid travel transaction using your eligible credit card account. You will need to activate your travel insurance for each trip in order 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.  To activate your cover, register on NetBank, the CommBank app or call Cover-More on 1300 467 951 before you travel. Terms, conditions, restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), benefit limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance products listed are issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia (CBA). 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. CBA 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, CBA receive a commission which is a percentage of your premium. View more information.

Disclaimer: † To gain access to participating airport lounges, you must register your Ultimate Awards card on the Mastercard Travel Pass app or mastercardtravelpass.dragonpass.com, generate a membership QR code and present this along with your boarding pass for validation. You will have two complimentary lounge visits every year, each visit can be used by either the primary cardholder or guest. Guest must always be accompanied by the primary cardholder and cannot use the access on their own. Please note, your lounge access may be blocked if your account is closed, in arrears, reported lost or stolen, or has been blocked by us for any reason. To redeem an offer visit the Mastercard Travel Pass app or https://mastercardtravelpass.dragonpass.com to select your preferred offer and generate an offer QR code. Present the valid offer QR code to the cashier and redeem the offer. Please note, offers vary by location. For information on accessing lounges, offer locations, a full list of Terms and Conditions and Frequently Asked Questions, visit https://mastercardtravelpass.dragonpass.com/faq.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Credit cards issued by Commonwealth Bank of Australia ABN 48 123 123 124 Australian credit licence 234945. Commonwealth Bank of Australia is the credit provider and credit licensee under National Consumer Credit laws. Commonwealth Bank of Australia pays Qantas for Qantas Points issued in relation to these cards. Approval and credit limit is subject to Commonwealth Bank of Australia’s credit assessment criteria. Information, including interest rates and annual card fees, are subject to change. Terms, conditions, fees, charges and lending criteria apply. The target market for this product will be found within the product's Target Market Determination. Correct as at 21 February 2023.

Disclaimer: ^^ Offer commenced 1 March 2025 and is only available on new Ultimate Awards credit cards applied for. Offer not available to customers who currently hold, or have held, any activated Awards card types in the 18 months prior as a primary cardholder or customers who switch from other card types.

Disclaimer: 17,500 Qantas Points will be awarded every month (statement period) when $3,000 or more is spent on eligible purchases for 4 consecutive statement periods. Maximum bonus points 70,000 Qantas Points. The first eligible spend period will commence from the day your account is opened, up to the end of your second statement period. After this date, the offer spend requirements will align to each statement period that follows until exhausted. Transactions must be fully processed and any pending transactions at the end of the statement period will not count towards the spend criteria. Cash advances and refunds (including CommBank Yello cashback offers) are not included as eligible transactions.

Disclaimer: To be awarded the bonus Qantas Points, you must opt-in to Qantas Points in your CommBank credit card application or via the CommBank Awards website prior to meeting the spend criteria for each statement period. If you opt-in to Qantas Points in your credit card application, or after applying but before you meet each offer eligibility criteria, you will receive the monthly Qantas Points each month. Points are initially accrued as Awards points in the CommBank Awards Program and will be automatically converted, at the end of the next statement period, into Qantas Points and transferred to your Qantas Frequent Flyer account after meeting the eligibility criteria. If you don’t opt-in to Qantas Points, or you opt-out of Qantas Points prior to meeting the spend eligibility criteria, you will receive the monthly CommBank Awards points each month.

Disclaimer: Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program available at Frequent Flyer Terms and Conditions  and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program.

Disclaimer: Bonus points will be credited within 90 days of each eligible statement period where the spend criteria has been met and will appear on your statement as ‘BONUS AWARDS’. You will be ineligible for the bonus points if your account is closed, switched to another card or in default at any time prior to the bonus points being credited to your account. 

Disclaimer: Offer only available on one credit card per customer. We reserve the right to close or vary this offer at any time.